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Plant Protein Ingredients Market Trends

Report ID: GMI4289
Published Date: Dec 2023
Report Format: PDF

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Plant Protein Ingredients Market Trends

The continuous investments in R&D activities for driving innovations in the plant protein sector will complement the market growth trajectory. To cite an instance, in October 2023, ADM re-scoped its investment project for protein modernization in Decatur, Illinois amidst the sluggish demand for meat alternatives. Several companies are also placing efforts on bringing new technologies for improving the texture, taste, as well as nutritional profile of plant-based products, further adding to the product uptake.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of plant protein ingredients is set to expand at 7.4% CAGR from 2023 to 2032, owing to the surging consumer preference for food healthier options worldwide.

The bakery application segment will witness over 5% CAGR through 2032, due to large number of consumers seeking plant-based alternatives to traditional baked goods.

Europe market is poised to grow at 6% CAGR till 2032, attributed to the increasing consumer preference for clean label products with natural and simple ingredients.

Some of the prominent players include Axiom Food, Rouquette, Kerry, sonic Biochem, Prinova Group, and Cargill.