The Worldwide Plant-based Protein Industry is Expected to Reach $23.4 Billion by 2028

19-Jan-2022 - Ireland

The "Plant-based Protein Market by Type (soy protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein), Crop Type (GMO), Source Process (Organic), Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

This report provides in-depth analysis of plant-based protein market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2027.

The Global Plant-Based Protein Market is expected to reach $23.4 billion by 2028, growing at a CAGR of 9.7% during the forecast period of 2021 to 2028.

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The growth of this market is mainly attributed to the growing demand for protein-rich diet, growing health & wellness trend, increasing consumers' focus on meat alternatives, growing demand from the food & beverage industry, and various advancements in ingredient technologies such as microencapsulation are the key factors driving the growth of the plant-based protein market.

The study offers a comprehensive analysis of the global plant-based protein market with respect to type (soy protein {soy protein concentrates, soy protein isolate, textured soy protein, and soy flour, grits, chunks}, wheat protein {vital wheat gluten, wheat protein isolate, hydrolyzed wheat protein, and textured wheat protein}, pea protein {pea protein isolate, pea protein concentrate, and others}, canola protein, potato protein, rice protein, corn protein, and others), crop type (genetically modified organism crops and non-genetically modified organism crops), source process (conventional plant-based protein ingredients and organic plant-based protein ingredients), application (food and beverages {meat, poultry, & seafood; bakery; meat analog; dairy & dairy alternatives; cereals & snacks; beverages; and others}, animal feed, nutrition and health supplements, pharmaceuticals, and others), and geography. The study also evaluates industry competitors and analyses the market at a country level.

Key questions answered in the report-

Which are the high growth market segments in terms of the type, crop type, source process, form, application, and countries?
What is the historical market for plant-based protein across the globe?
What are the market forecasts and estimates for the period of 2021-2028?
What are the major drivers, restraints, challenges, trends, and opportunities in the global plant-based protein market?
Who are the major players in the global market, and what share of the market do they hold?
Who are the major players in various countries, and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global plant-based protein market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global plant-based protein market, and how do they compete with the other players?