Global Plant-based Protein Market: Snapshot
In recent few years, there is remarkable rise in awareness about importance of healthy lifestyle and eating habits. As a result, the world is witnessing rising trend of consuming protein-based food products. This factor is predicted to boost demand opportunities in the global plant-based protein market during the forecast period of 2024 to 2030.
An upcoming research report by TMR aims to provide complete synopsis of the plant-based protein market for the forecast period 2024–2030. Thus, the study presents reliable analysis on key factors including competitive landscape, growth dynamics, restraints, trends, and challenges in the market for plant-based protein. Apart from this, the report delivers data on product development and technological development activities in the plant-based protein market.
The study performs segmentation of the global plant-based protein market based on many important parameters such as type, source, application, form, and region. Based on source, the market for plant-based protein is classified into wheat, soy, pea, and others.
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Global Plant-based Protein Market: Growth Dynamics
Growing focus of major population across the world toward adopting more nutritional diet plans is foreseen to generate promising sales opportunities in the global plant-based protein market in the assessment period of 2024 to 2030. In many developed as well as developing countries, major millennial population is growing its shift toward consuming organic and plant-based food products instead of animal-based products. Key reasons behind this shift are possibility of animal-borne diseases due to animal-based food products, increased awareness about meat-sourcing practices, and its environmental impact. These factors are predicted to generate extensive demand opportunities in the global plant-based protein market in the forthcoming years.
To capitalize the growing trend of consuming plant-based food products, major companies engaged in the food and beverages sector are focused on incorporating plant-based proteins in their products. Owing to this factor, the global plant-based protein market is likely to experience prodigious demand opportunities from food and beverages sector in the forthcoming years.
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Global Plant-based Protein Market: Competitive Analysis
The global plant-based protein market is reasonably fragmented in nature. Presence of many active enterprises is indication of the highly intense competitive landscape of the market for plant-based protein. To stay ahead in this competitive atmosphere, vendors working in this market are employing diverse strategies.
Many players working in the global plant-based protein market are focused on advancing their production capabilities. This strategy is helping enterprises to fulfill the increased demand for plant-based protein. Moving forward, many enterprises in the global market for plant-based protein are growing interest in boosting their distribution channels and expanding their regional presence. Owing to all these activities, the global plant-based protein market is slated to expand at decent pace in the forthcoming years.
The list of key players in the global plant-based protein market includes:
- ADM
- DSM
- DuPont
- Kerry Group
- Cargill
- Glanbia
- Wilmar International
- Emsland Group
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Global Plant-based Protein Market: Regional Assessment
In terms of region, the global plant-based protein market shows existence in many regions including North America, Europe, South America, Asia Pacific, and rest of the world. Of all regions, North America is one of the dominant regions of the market for plant-based protein. Important factor driving this market growth is rising trend of veganism among major population in the region. This aside, the region is experiencing increased cases of many health issues such as cardiovascular diseases, diabetes, and obesity. As a result, the North America plant-based protein market is predicted to witness lucrative avenues in the forthcoming years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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