Plant-Based Protein Market Outlook 2024-2033: Trends and Projections

The plant-based protein global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Plant-Based Protein Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The plant-based protein market size has grown exponentially in recent years. It will grow from $42.13 billion in 2023 to $52.08 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to increased health and wellness awareness, risie in concerns about environmental sustainability, growth in preference for vegetarian and vegan diets, expansion of plant-based food and beverage industry, demand for allergen-free and non-gmo protein sources.

The plant-based protein market size is expected to see rapid growth in the next few years. It will grow to $107.28 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to regulatory support and labeling standards for plant-based foods, rising consumer demand for clean label and natural ingredients, market penetration in emerging economies and middle-income countries, increasing applications in functional foods and nutraceuticals, growing interest in sports nutrition and performance enhancing supplements. Major trends in the forecast period include technological advancements in protein extraction and processing, hybrid and blended products, fermented and cultivated proteins, customized protein solutions, innovations in dairy alternatives.

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Scope Of Plant-Based Protein Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Plant-Based Protein Market Overview

Market Drivers –
The increasing awareness of health and wellness is expected to propel the growth of the plant-based protein market during the forecast period. Plant-based proteins are good for weight loss and provide building blocks for healthy muscles and tissues. They are high in fiber and contain less amount of calories & fats than animal protein. For instance, according to a poll by E times in 2021, the COVID-19 pandemic has transformed Indians’ attitudes toward health, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, the increasing awareness of health and wellness drives the growth of the plant-based protein market.

The plant-based protein market covered in this report is segmented –

1) By Type: Isolates, Concentrates, Textured
2) By Source: Soy, Wheat, Pea, Other Sources
3) By Form: Dry, Liquid
4) By Application: Feed, Food, Other Applications

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Regional Insights –
North America was the largest region in the plant-based protein market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant-based protein market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –
Major companies operating in the plant-based protein market include Archer-Daniels-Midland Company, DuPont Nutrition & Biosciences, Axiom Foods Inc., Cargill Inc., Kerry Group, Ingredion Inc., Roquette Freres SA, Wilmar International Ltd., Glanbia plc, Cosucra Groupe Warcoing SA, Sotexpro SAS, Emsland Group, Puris Proteins LLC., Beyond Meat Inc., ETChem Ltd., BENEO GmbH, Tate & Lyle plc, Shandong Jianyuan group, American Casein Company, Proeon Foods, Australian Plant Proteins Pty Ltd., Impossible Foods Inc., Nestle SA, Kellogg Company, Conagra Brands Inc., Tyson Foods Inc., Turtle Island Foods, Lightlife Foods Inc., Field Roast Grain Meat Co. Inc., Quorn Foods Ltd.

Table of Contents

1. Executive Summary
2. Plant-Based Protein Market Report Structure
3. Plant-Based Protein Market Trends And Strategies
4. Plant-Based Protein Market – Macro Economic Scenario
5. Global Plant-Based Protein Market Size and Growth
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31. Global Plant-Based Protein Market Competitive Benchmarking
32. Global Plant-Based Protein Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Plant-Based Protein Market
34. Plant-Based Protein Market Future Outlook and Potential Analysis
35. Appendix

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