The North America plant protein market is expected to rise at a robust CAGR during the forecast period, 2021-2028. Growth of the market is attributed to increasing preference of organic ingredients to be used in food & beverages industry, increasingly used in health supplements, and majority of the population switching towards vegan.
Plant protein is extracted naturally from plant sources such as wheat, soy, pea, and others, it is greatly efficient in building up healthy muscles and tissues in the human body and is also beneficial in weight-loss. Although plant based protein are low in calories and fat but are rich in fiber and essential nutrients.
Soy protein contains all nine essential amino acids, also rich source of fibers, minerals, vitamins, potassium, foliate, selenium, and magnesium. Poor diet, lack of physical movements, and consumption of junk food is considered one of the major factors to cause high obesity in this region.
Plant based protein not only involves in high nutritional values but offer several health benefits such as lowers the blood sugar level, reduces the risk of heart problems, ideal weight loss, and reduces cholesterol level & LDL.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing fitness activities and body building trend is expected to boost the market in the coming years.
- Growing awareness towards the health concern such as stoutness and abnormal weigh gain is estimated to drive the market during the forecast period.
- Increasing number of populations is turning vegetarian or vegan which is anticipated to drive the market in the coming years.
- Rising demand for the soy protein owing to its rich nutritional value and various health benefits is one of the factors that fuel the market.
- Lack of proper diet, work outs, and consumption of junk food is estimated to propel the market in the coming years.
- Growing demand of organic protein among population is estimated to create lucrative opportunities for the key players in the market.
Scope of Plant Protein Market Market
The report on the North America plant protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Plant Protein Market – North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Wheat Protein, Soy Protein, Pea Protein, Others), Forms (Protein Isolates, Protein Concentrates, and Textured Protein), Applications (Beverages, Nutrition Supplements, Bakery, Meat Extenders & Substitutes, Snacks, and Others)
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Geographical Scope
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United States, Canada, Mexico, Rest of North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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DuPoint; Kerry Group; Cargill, Inc; Archer Daniel Midland; and Roquette Foods.
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Plant Protein Market Segment Insights
The soy protein holds a significant market share
On the basis of types, the market is segregated into wheat protein, soy protein, pea protein, and others. The soy protein segment holds a significant market share during the forecast period owing to its nutritional factors and health benefits, caters the entire group even to the lactose intolerants.
The protein concentration is expected to constitute key share of the market
In terms of forms, the market is categorized into protein isolates, protein concentrates, and textured protein. The protein concentration segment is expected to constitute key share of the market in the coming years due to easy digestible, improves performance, increase muscle mass, and reduces the tissue damage. However the protein isolation segment is anticipated to expand at a significant pace during the forecast period owing to easy digestible, efficiency in processing and can be used in wide variety of application.
The nutrition supplements segment is estimated to account for a key share of the market
Based on applications, the market is segregated into beverages, nutrition supplements, bakery, meat extenders & substitutes, snacks, and others. The nutrition supplements segment is estimated to account for key share in the market owing to growing health related concerns and bodybuilding activities.
The United States is projected to dominate the market
In the term of geographies, the market is fragmented into the United States, Canada, Mexico, and rest of North America. The United States holds a major share of the market owing to increasing concern towards abnormal weight gain, increasing demand for low cholesterol & processed food, and growing awareness about organic and healthy products.
Segments
The plant protein market has been segregated on the basis of
Types
- Wheat Protein
- Soy Protein
- Pea Protein
- Others
Forms
- Protein Isolates
- Protein Concentrates
- Textured Protein
Applications
- Beverages
- Nutrition Supplements
- Bakery
- Meat Extenders and Substitutes
- Snacks
- Others
Geographies
- United States
- Canada
- Mexico
- Rest of North America
Key players
Competitive Landscape
Key players competing in the North America plant protein market include DuPoint; Kerry Group, Cargill, Inc; Archer Daniel Midland; Roquette Foods.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance In October 2021, Cargill, Inc. and BASF expanded partnership to develop and market innovative enzyme-based solutions for animal feed industry.
In October 2021, Archer Daniel Midland, Gevo sign MoU to produce upto 500m gallon of sustainable aviation fuel.
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