Plant-Based Protein Market: Current Analysis and Forecast (2021-2027)

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. Recommendations for the general population are even of a greater importance for older subjects. With age, due to anabolic resistance, protein synthesis requires higher levels of circulating amino acids, in particular essential

amino acids. Consequently, the balance between protein synthesis and protein degradation (to maintain body protein mass) becomes more difficult to maintain. Therefore, the recommended daily intake increased to about 1 g/kg body weight/day, promoting proteins called as fast digestible proteins, i.e. rapidly absorbed and able to rapidly increase the amino acidemia. Protein needs are also increased, and

quality is of importance in athletes and people with intense physical activity. According to FAO, of the world population suffers from hunger and 1 billion people have inadequate protein in-take.

The global food system provides billions of people with energy, protein and other nutrients to support daily life. Yet it is also a major source of greenhouse gas emissions, it is depleting natural resources and fails to secure healthy diets for all communities around the world. Consensus is increasing on the best pathways to transform the global food system to ensure a sustainable and healthy future. Scientific community and civil society highlight the opportunity to improve health and promote global sustainability by shifting to plant-based diets In Europe, consumption of plant-based meat substitutes made up 40% of the world market in 2019 and is forecast to grow by 60% through 2025, mainly due to concerns for health, food security, and animal welfare. In the U.S. during 2019, the retail market for plant-based foods grew eight times faster than the general retail food market.

Based on source, the market is fragmented into soy, wheat, pea. The soy segment generated revenue of USD XX million in 2020. The market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F owing to the growing trend of fiber rich diet.

Based on the application, the market is fragmented into food (dairy alternatives, meat alternatives, performance nutrition), feed. The food segment grabbed the major market and dominated the market. The beverages segment generated revenue of USD XX million in 2020.

For a better understanding of the market adoption of the plant-based protein, the market is analyzed based on its worldwide demand in the countries such as North America (United States, Canada, Mexico, and Rest of North America), Europe (France, United Kingdom, Germany, Spain, Netherlands, Italy, Belgium, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, and Rest of

Asia-Pacific), South America (Brazil, Argentina, Rest of South America), and Rest of World (Middle East, Africa). North America constitutes a major market for the plant-based protein industry and generated revenue of USD XX million in 2020 owing to increasing awareness about the health benefits of plant-based protein, etc. However, the Asia Pacific region would grow at the highest CAGR during the forecast period.

Some of the major players operating in the market include Archer Daniels Midland Company, Cargill, Dupont, Wilmar International, Roquette Freres, Glanbia, Kerry Group, DSM. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions

The plant-based protein market was valued at USD XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F. The plant-based protein market is expected to grow witnessing the increasing demand for plant-based diets, along with health and nutritional concerns with respect to processed products, and increased players products portfolio to cater middle-income group which

also helps to boost the growth of the plant-based protein market over the forecast period.