Plant protein is essentially a meaningful food source of protein from plants. This category can include pulses, tofu, soy, tempeh, seitan, nuts, seeds, grains, and even peas. Pulses are a wide group of plants, including chickpeas, lentils, beans (such as yellow, kidney, and adzuki beans), and split peas. Plant proteins are extremely nutritious - not only as healthy protein sources but also because they provide other nutrients such as fiber, vitamins, and minerals.
MARKET DYNAMICS
The global plant protein-based food & beverages market is witnesing a notable growth rate and is expected to constinue to do during the forecats period. The growth of the market can be attributed to the consumers' perceptions of food products with fruit and vegetable ingredients help improve health. The plant-based protein beverage market's optimistic growth prospects are expected to promote a tectonic change from animal-based protein to plant-based protein sources, such as pea protein and soy protein. Owing to this, a growing number of stakeholders from the vegan food industry are entering the market for plant-based protein beverages. Stakeholders note an impressive rise in the consumption of vegan food products in developing regions, which is expected to boost the growth prospects of the plant-based protein beverage industry in the U.S. and other developed European countries.
MARKET SCOPE
The "Global Plant Protein-based Food & Beverages Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plant protein-based food & beverages market with detailed market segmentation by source, product type, distribution channel, and geography. The global plant protein-based food & beverages market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading plant protein-based food & beverages market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant protein-based food & beverages market is segmented on the basis of source, product type, and distribution channel. Based on source, the global plant protein-based food & beverages market is segmented into soy, wheat, pea, canola, and others. On the basis of product type, the market is bifurcated into meat substitutes, milk and milk derivatives, baked products, sweet and savory snacks, beverages, and others. By distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenince stores, online retial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global plant protein-based food & beverages market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The plant protein-based food & beverages market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the plant protein-based food & beverages market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plant protein-based food & beverages market in these regions.
MARKET PLAYERS
The reports cover key developments in the plant protein-based food & beverages market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Plant protein-based food & beverages market are anticipated to lucrative growth opportunities in the future with the rising demand for Plant protein-based food & beverages in the global market. Below mentioned is the list of few companies engaged in the Plant protein-based food & beverages market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Plant protein-based food & beverages market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Pinnacle Foods
- Beyond Meat
- Amy's Kitchen
- Turtle Island Foods
- The Hain Celestial Group
- ADM (Archer Daniels Midland Company)
- Monde Nissin Corporation
- Impossible Foods
- Atlantic Natural Foods
- Pacific Foods of Oregon
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.