Plant Based Proteins Market Report, By Type (Soy, Wheat, Pea), Form (Isolates, Concentrates, Textured Proteins), Application (Nutritional & Dietary Supplements, Bakery Products, Meat Extender & Substitutes, Beverages) and Geography- Global Market Share, Trend Analysis & Forecast

Dietary proteins represent a key issue for the future regarding worldwide food security. Besides animal sources, plant proteins represent an opportunity to mainly contribute to protein demand. Whether some plant protein sources could appear as de?cient in some essential amino acids, mixtures from di?erent sources could represent opportunities to further propose adapted supply regarding speci?c demand. Such opportunities includes legumes as well as by-products of oil processing, i.e. canola and sun?ower cakes. The nutritional bene?ts of such new sources are still under investigation considering bene?ts and limits like allergenicity. Finally, consumer behavior and acceptability remains the ?nal bottleneck for developing new protein sources.

Market Dynamics- Global Plant Based Proteins Market

• Rising health concerns related to consumption of meat and animal proteins
• Rising concerns regarding dairy and meat allergies are also expected to fuel the demand for protein fortified food products in near future
• Increased vegan, vegetarian and flexitarian population

Major developments:

In September 2018, Roquette Foods that operated mainly into the Food, Nutrition and Health markets announced the acquisition of a facility specialized in the extrusion of plant-based proteins. The acquisition aims towards the expansion of its range of premium textured plant-based ingredients for the global meat alternatives market. In the same year, Nestlé USA announced that it has agreed to acquire Sweet Earth, a plant-based foods manufacturer based in Moss Landing, California. The acquisition gives Nestlé immediate entry into the plant-based foods segment in the US.

Plant Based Proteins Market- Segmental Overview

The study analyses Global Plant Based Proteins market based on type, application, form and geography. 

• On the basis of product type, the market is classified into wheat protein, soy protein, pea protein and others. Soy protein segment is likely to dominate the plant based protein market owing to growing demand for high proteins source, increasing trend of veganism and vegan diet. 
• Plant Based Proteins are available in the form of isolates, concentrates and textured proteins. Owing to high protein content, with low carbohydrate and fat percentage coupled with high bioavailability, the protein isolate is gaining high market share.
• On the basis of application, the market is further segmented into bakery, beverage, and nutritional and dietary supplement, meat extender and substitute and others. Among these, the nutritional and dietary supplement has dominated the application segment.

Global Plant Based Proteins Market-Regional Outlook

The market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. North America is anticipated to dominate the market during the estimated timeframe. Presence of key companies and their focus on collaborating with regional universities is expected to propel the product demand in North America. Growing preference toward vegan diet owing to several health benefits and environmental concerns is the major factor driving the market. Also, increasing elderly population across the region has created high demand for nutritional supplement and functional drinks.

Global Plant Based Proteins Market-Key Players

The major players of the Plant Based Proteins Market are DuPont, Roquette Archer Daniels Midland, Cargill, Kerry Group, Scoular Company, Nestle Healthcare Nutrition, Axiom Foods, Growing Naturals LLC, and Amway Corp, Roquette Foods and among other. 

 Major brands:

• Archer Daniel Midland- Clarisoy Soy Protein Isolates
• Cargill Inc.- Prolia Soy Flour
• DuPont- SUPRO Soy Protein 
• Kerry Group PLC- K-Tex
• Axiom Foods- VegOtein P 
• Amway Corporation- Nutrilite Balanced Health Omega