Global Plant-Based Protein Market Trends, Opportunities, Forecasts to 2027

World News: . []

Dublin, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The report has been added to offering. The Global Plant-Based Protein Market accounted for $16.23 billion in 2018 and is expected to reach $57.09 billion by 2027 growing at a CAGR of 15%.Increase in trend of health and sustainability and increase in investments in plant-based food businesses are likely to boost the growth of the market. However, Allergies associated with plant-based protein sources such as soy and wheat are likely to hamper the profit boundaries.Based on the product, the soy segment is projected to dominate the market during the forecast period. This segment is driven by the increasing popularity and rising demand for a high-protein diet among individuals. Soy protein helps to reduce the cholesterol level, improve metabolism, bone mineral density, and also decrease the risk of cancer. Soy protein isolates are used in applications such as nutritional bars, meat alternatives, bakery products, sports nutrition products, and beverages.By geography, North American region is mainly attributed to the well established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend.Some of the key players in the Plant-Based Protein Market include Tate & Lyle Plc, Roquette Freres Le Romarin, NOW Foods, Kerry Group, Ingredion Inc, Glico Nutrition Co Ltd, Glanbia Plc, E I Dupont De Nemours and Company, Corbion NV, Cargill Incorporated, Burcon Nutrascience Corporation, Beneo Gmbh, Axiom Foods Inc , Archer Daniels Midland Company and Amco Proteins.

Research and Markets also offers services providing focused, comprehensive and tailored research.

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

More news and information about Research and Markets

Published By:

Globe Newswire: 08:23 GMT Tuesday 14th January 2020

Published: .

Search for other references to "global" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2020. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
Privacy Policy | Terms and Conditions | Contact Us