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Plant Protein Ingredients Market Size
- Report ID: GMI4289
- Published Date: Dec 2023
- Report Format: PDF
Plant Protein Ingredients Market Size
Plant Protein Ingredients Market is anticipated to record over 7.4% CAGR from 2023 to 2032, due to the surging consumer preference for food healthier options worldwide.
The rapidly expanding vegan population is driving innovations in several meat alternatives, such as plant-based burgers and sausages. To illustrate, in March 2022, California-based plant-based meat company Impossible Foods introduced the Impossible™ plant-based Sausage Links stuffed like pork sausages. The growing regulatory support along with the establishment of several new standards for plant-based products are also contributing to the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.4% |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 390 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The growing government support through investment initiatives may fuel the adoption of plant protein ingredients markets. To cite an instance, in July 2022, the Government of Canada invested over $1.4 million in plant-based food production in British Columbia to meet the evolving global demand for protein. However, the challenges in the supply of raw materials and the adverse effects caused by the consumption of certain plant protein options may hamper the market expansion to some extent.
Frequently Asked Questions (FAQ) :
Plant Protein Ingredients Market Scope
