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Global Plant Protein Ingredient Market to reach USD XX billion by the end of 2030

Global Plant Protein Ingredient Market Size study & Forecast, by Product Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Others), by Form (Isolates, Concentrates, Others), by Application (Sports Nutrition, Clinical Nutrition, Infant Nutrition, Bakery & Confectionary, Fortified Food & Beverages, Others) and Regional Analysis, 2023-2030

Product Code: OIRFB-72600179
Publish Date: 5-12-2023
Page: 200

Global Plant Protein Ingredient Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Plant protein ingredient refers to a type of ingredient derived from plants that contain proteins. Proteins are essential nutrients that play a crucial role in body by supporting functions such as muscle growth, repair, and overall health. Plant protein ingredients are obtained from various plant sources such as soybeans, peas, rice, and hemp. These ingredients are used in a wide range of food and beverage products as alternatives to animal-based proteins. They provide a nutritious and sustainable option for people following plant-based diets or looking for healthier and more environmentally friendly choices. The market is driven by a surge in demand for plant-based ingredients and expansion in food & and beverages.

Additionally, the growth in the sports nutrition industry is further propelling the market demand at a considerable rate. According to Statista, the global sports nutrition market, and supplements were valued at USD 44.43 billion in 2021 and is expected to increase in value to USD 85.7 billion by 2030. The United Kingdom boasts 11,675 food and drink manufacturing businesses, and they are demonstrating a strong commitment to investment. The total industry business investment has reached £4 billion (approx. USD 4.86 billion), marking a robust increase of 7.9% compared to the figures from 2020. Moreover, innovation in product development and sustainable sourcing & supply chain can create more growth opportunities in the market. However, lack of consumer awareness, along with the high price of the product are the factors that stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Plant Protein Ingredient Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America stands as the dominant force in the market, attributed to several key factors. These include the increasing consumer adoption of veganism, a notable surge in the consumption of health-conscious foods and beverages, and the region’s significant presence of leading producers specializing in plant protein ingredients. Also, Europe is expected as the fastest-growing region in the forecast period owing to the increasing disposable income, favorable government policies, and growth and rising demand for animal protein alternatives.

Major market player included in this report are:
Kerry Group Plc
AMCO Proteins
The Scoular Company
A&B Ingredients, Inc.
Glanbia PLC
Axiom Foods Inc
Batory Foods, Inc.
Arla Food Ingredients Group P/S
Archer Daneil Midland Company
Sun Brothers, LLC

Recent Developments in the Market:
Ø In October 2021, Lacprodan BLG-100 a pure BLG component with a nutritional profile, was introduced by Arla Foods Ingredients with the aim of meeting the coustomer’s demand and thrive in fierce market competition.
Ø In November 2021, FrieslandCampina Solutions and AGT Foods announced their collaboration that aim on the introduction of pea and fava bean isolate in the plant-bases proteins market.

Global Plant Protein Ingredient Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Form, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Potato Protein

By Form:

By Application:
Sports Nutrition
Clinical Nutrition
Infant Nutrition
Bakery & Confectionary
Fortified Food & Beverages

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Plant Protein Ingredient Market, by Region, 2020-2030 (USD Billion)
1.2.2. Plant Protein Ingredient Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Plant Protein Ingredient Market, by Form, 2020-2030 (USD Billion)
1.2.4. Plant Protein Ingredient Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plant Protein Ingredient Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plant Protein Ingredient Market Dynamics
3.1. Plant Protein Ingredient Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growth in sports nutrition industry Expansion in Food and Beverages
3.1.2. Market Challenges Lack of consumer awareness High price of the product
3.1.3. Market Opportunities Innovation in Product Development Sustainable Sourcing and Supply Chain
Chapter 4. Global Plant Protein Ingredient Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Plant Protein Ingredient Market, by Product Type
5.1. Market Snapshot
5.2. Global Plant Protein Ingredient Market by Product Type, Performance – Potential Analysis
5.3. Global Plant Protein Ingredient Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Plant Protein Ingredient Market, Sub Segment Analysis
5.4.1. Soy Protein
5.4.2. Wheat Protein
5.4.3. Pea Protein
5.4.4. Rice Protein
5.4.5. Potato Protein
5.4.6. Others
Chapter 6. Global Plant Protein Ingredient Market, by Form
6.1. Market Snapshot
6.2. Global Plant Protein Ingredient Market by Form, Performance – Potential Analysis
6.3. Global Plant Protein Ingredient Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
6.4. Plant Protein Ingredient Market, Sub Segment Analysis
6.4.1. Isolates
6.4.2. Concentrates
6.4.3. Others
Chapter 7. Global Plant Protein Ingredient Market, by Application
7.1. Market Snapshot
7.2. Global Plant Protein Ingredient Market by Application, Performance – Potential Analysis
7.3. Global Plant Protein Ingredient Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Plant Protein Ingredient Market, Sub Segment Analysis
7.4.1. Sports Nutrition
7.4.2. Clinical Nutrition
7.4.3. Infant Nutrition
7.4.4. Bakery & Confectionary
7.4.5. Fortified Food & Beverages
7.4.6. Others
Chapter 8. Global Plant Protein Ingredient Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Plant Protein Ingredient Market, Regional Market Snapshot
8.4. North America Plant Protein Ingredient Market
8.4.1. U.S. Plant Protein Ingredient Market Product Type breakdown estimates & forecasts, 2020-2030 Form breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Plant Protein Ingredient Market
8.5. Europe Plant Protein Ingredient Market Snapshot
8.5.1. U.K. Plant Protein Ingredient Market
8.5.2. Germany Plant Protein Ingredient Market
8.5.3. France Plant Protein Ingredient Market
8.5.4. Spain Plant Protein Ingredient Market
8.5.5. Italy Plant Protein Ingredient Market
8.5.6. Rest of Europe Plant Protein Ingredient Market
8.6. Asia-Pacific Plant Protein Ingredient Market Snapshot
8.6.1. China Plant Protein Ingredient Market
8.6.2. India Plant Protein Ingredient Market
8.6.3. Japan Plant Protein Ingredient Market
8.6.4. Australia Plant Protein Ingredient Market
8.6.5. South Korea Plant Protein Ingredient Market
8.6.6. Rest of Asia Pacific Plant Protein Ingredient Market
8.7. Latin America Plant Protein Ingredient Market Snapshot
8.7.1. Brazil Plant Protein Ingredient Market
8.7.2. Mexico Plant Protein Ingredient Market
8.8. Middle East & Africa Plant Protein Ingredient Market
8.8.1. Saudi Arabia Plant Protein Ingredient Market
8.8.2. South Africa Plant Protein Ingredient Market
8.8.3. Rest of Middle East & Africa Plant Protein Ingredient Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Kerry Group Plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. AMCO Proteins
9.3.3. The Scoular Company
9.3.4. A&B Ingredients, Inc.
9.3.5. Glanbia PLC
9.3.6. Axiom Foods Inc
9.3.7. Batory Foods, Inc.
9.3.8. Arla Food Ingredients Group P/S
9.3.9. Archer Daneil Midland Company
9.3.10. Sun Brothers, LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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