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Global Plant-Based Protein Market By Type (Isolates Proteins, Textured Proteins, Concentrates Proteins), By Form (Dry, Wet), By Application (Feed, Food), By Region–Forecast & Opportunities to 2026

The global plant-based protein market accounted for USD 16.1 billion in 2019. Plant-based protein market is projected to witness growth at a CAGR of 11.4% during forecast period.

COVID-19 has affected all the business over globe. The plant-based market is also impacted by COVID-19. Many consumers of meat are now shifting from meat to plant-based protein due to corona virus outbreak. The meat alternative brand sale has seen an uplift at high rate. The plant-based snacks, supplements and dairy alternative as people all over the world are now adopting healthier lifestyle to boost immunity. Hence COVID-19 pandemic has boosted the plan-based proteins market.

Definition:

The plant-based protein can be defined as food source of protein derived from plants. Some of the plant-based proteins are nuts, tofu, potato, nuts, pea, soy, seeds, lentil, peanuts, rice, wheat and others. This is contains fiber, mineral, vitamin and they are highly nutritive. Plant-based proteins are a good source of vitamins, folate, calcium and iron. Plant-based proteins can also be used as good alternative of meat and eggs.

Market Dynamics (Drivers/Opportunities):

The consumers are adopting healthy lifestyle and looking for healthy proteins food. The awareness towards healthy lifestyle is now increasing and people are adopting food which is rich in vitamin, proteins and calcium. Thus, boost plant-based protein market.

The direct consumption of plant-based protein has been increasing. This is mainly because of increase in animal disease. The people prefer plant-based proteins like soy, seeds, pea, and rice over meat proteins. Thus, drives the market to witness growth during forecast period.

Market Insights, by Type

On the basis of type, the plant-based protein is segmented into isolates, textured proteins and concentrates. The isolate segment is projected to witness growth at highest CAGR during forecast period. The isolates segment is largely preferred as they are refined form of proteins which contains a high concentration of protein. Isolates can be incorporated in different food products and easily digest. Thus drives, the isolates segment market to witness growth.

Market Insights, by Application

On the basis of application, the plant-based protein market is segmented into food and feed. The food segment is expected to register growth at highest CAGR during the forecast period. The preference of consumers is changing and they are shifting towards plant-based protein rather than meat. The awareness has been increased among consumers about meat sourcing, ecological impact of meat and disease from animals. This is the reason consumers are shifting towards plant-based proteins. Thus, drives the food segment in plant-based protein market to foresee growth during forecast period.

Market Insights, by Form

Based on the form, the plant-based protein market is segmented into dry and wet. The dry plant-based protein is expected to register growth at highest CAGR during the forecast period. Protein concentrates has been produced by the use of dry form of processing of protein. Dry milling technology has been use in it, which reduce the size of particle of raw materials.  Pulses and cereal are being processed using this method. This form is largely chosen. Thus, drives the dry form of plant-based protein market.

Regional Insights

The North America region accounted for maximum market share in 2019. It is estimated to register growth at highest CAGR during forecast period. This region has presence of many leading manufacturers and many firms invest on a large scale in product manufacture along with processing units. North America is a key producer of wheat, pea and soy. This region also dominates the global export market of plant-based products. In North America region the veganism trend is growing immensely. Thus, drive the global plant-based market in North America.

Key Companies & Market Share Insights

The key market players in plant-based protein market are DSM, DuPont, ADM, Kerry Group, Cargill, Glanbia, Cosucra Group, puris, Wilmar International, Emsland Group, Batory Foods, Ingredion, Roquette Freres, Burcon Nutracience, Sotexpro, Beneo, AGT Food & Ingredients, Prolupin Gmbh, Herblink Biotech Corp., Aminola, ET Chem, The Greenplans LLC, Shandong and jianyuan Group.

Segments Covered in the Report

This report forecasts The Global Plant-Based Protein Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global plant-based protein market report on the basis of type, application, and form.

Plant-Based Protein Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • ValueChain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Plant-Based Protein Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Isolates Proteins
  • Textured Proteins
  • Concentrates Proteins
  1. Plant-Based Protein Market, By Form, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dry
  • Wet
  1. Plant-Based Protein Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Feed
  • Food
  1. Plant-Based Protein Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Form
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Form
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Form
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Form
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Form
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Sotexpro
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • DSM
    • DuPont
    • ADM
    • Kerry Group
    • Cargill
    • Glanbia
    • Cosucra Group
    • Puris
    • Wilmar International
    • Emsland Group
    • Batory Foods
    • Ingredion
    • Roquette Freres
    • Burcon Nutracience
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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