Plant-based Protein Market size is projected to reach USD 16.80 Billion by 2028 from an estimated USD 10.67 Billion in 2021, growing at a CAGR of 6.7% globally.
A top-down strategy was used to estimate and validate the market size for Plant-based Protein. Secondary research was carried out to identify major stakeholders in the industrial value chain, and primary and secondary research was carried out to establish the market revenues of these firms. This involves studying annual financial and industry reports from significant industry participants as well as conducting in-depth interviews with directors, CEOs, vice presidents, and marketing executives.
This report details the present size and expected growth of the global market for Plant-Based Protein and its connected industries. It also goes into the market features of each geography, as well as major suppliers, consumer preference patterns, and market prospects. Firms are striving to weather the storm by reducing unplanned losses and expenditure tied to the plant-based protein market, as many nations are in recession. This in-depth and thorough study of the global Plant-Based Protein market will aid in the development of your market research abilities. It offers entrants to the global Plant-Based Protein industry guidance and help, as well as actively assisting existing enterprises in growing their market share. It gives insight on the industry’s top industries’ ambitions as well as market developments in the global Plant-Based Protein market. This report includes extensive insights about market competition.
The Major Players In The Plant-based Protein Market Include:
- Cargill Incorporated (US)
- Archer Daniels Midland Company (ADM) (US)
- DuPont (US)
- Kerry Group (Ireland)
- DSM (Netherlands)
- Wilmar International (US)
- Cosucra Groupe (Belgium)
- Emsland Group (Germany)
- Axiom Foods (US)
- Ingredion (US)
- Roquette Frères (France)
- PURIS (US)
- Burcon NutraScience Corp. (Canada)
- Sotexpro (France).
Market has segmented the global Plant-based Protein market on the basis of type, application, and region:
- Food And Beverages
- Animal Feed
- Nutritional Supplements
Global Plant-based Protein Market: Regions Covered
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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The Plant-based Protein market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Plant-based Protein Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
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Reasons to Purchase the Plant-based Protein Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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