Plant Protein Ingredient Market

The global plant protein ingredient market will reach a valuation of US$ 3 Bn during 2019 - 2029, as projected by a new Fact.MR report. Key players in the plant protein ingredient market are eying profitable opportunities generated by increasing production of pea and soy protein sources, particularly in emerging countries.

"Rapid shift towards alternative protein ingredient sources such as plant based protein is expected to decelerate the growth of meat protein sources by almost 50% in the near future," says the Fact.MR report.

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Plant Protein Ingredient Market: Key Findings

Plant Protein Ingredient Market: Introduction:

Protein derived from plant-based sources like Pea, Soybean, Vanilla, Wheat, Cereals and many others are called plant-based ingredients. Plant protein ingredient’s source is vegan with added amino acids to optimally fuel the process of muscle growth and digestive enzymes to increase the overall bio-availability and assimilation. Usually plant protein ingredient diary free, lactose-free and have very low content of fat and cholesterol. There are many health benefits associated with plant protein ingredient and has a wide range of application in food and beverages industry.

Plant Protein Ingredient Market: Segmentation:

The Plant Protein Ingredient Market can be segmented into its source, types, and application

On the basis of source, the Plant Protein Ingredient market can be segmented into organic and conventional sources. Among these sources, an organic segment has been anticipated to have the higher volume share due to the rising demand and the health benefits associated with organic products.

On the basis of types, the Plant Protein Ingredient market can be segmented into Pea, Soybean, Wheat, Bean, Peanut, Legume, Chickpea, Lentil and others (Flax, Meat analog).  Among these types, Soybean and wheat are being expected to have higher volume sales due to its wide range of application in food industry.