Home > Pressrelease > Plant Protein Ingredients Market size for Food Application to exceed $8bn by 2025
Plant Protein Ingredients Market size for Food Application to exceed $8bn by 2025
- Published Date: August 14, 2019
Plant Protein Ingredients Market size for food application is set to surpass USD 8 billion by 2025, according to a new research report by Global Market Insights Inc.
Growing R&D expenditure has led to clinical studies and research to validate the safety and efficacy of functional ingredients without compromising texture, taste and appearance is likely to promote these products demand. Plant based protein are low-cost protein which are compatible with other food ingredients in fortified products will accelerate industry outlook.
Emerging health benefits supported by vegan lifestyle, versatility and affordability in product development may drive the plant protein ingredients market for food application. Increasing consumer awareness along with demand for dietary protein should drive industry outlook. Plant protein ingredients are available in the form of isolates and concentrates and as whole food ingredients high in protein that contribute color, texture, and flavor to various food & beverage products.
France plant protein ingredients market for food application is anticipated to surpass USD 300 million by 2025. High investments in research to substitute high fat, gluten, and cholesterol ingredients with protein fortification mainly in baked goods will favor regional product demand. Pea protein has wide application in candies, muffins and chocolates owing to increased shift towards healthy diet is likely to further promote industry landscape.
Infant nutrition application segment is set to register over 6% CAGR up to 2025. Growing incidences of lactose intolerance and rising occurrence of high content of hormones, antibiotics, pesticides which may have harmful effects and sensitivity towards dairy products will boost plant-based proteins demand.
Excessive utilization of plant derived proteins may lead to bloating, intestine damage, fatigue osteoporosis and low blood count which may hamper industry expansion. In addition, increasing raw material procurement and storage cost may limit industry profitability, thus affecting plant protein ingredients market price trends.
Browse key industry insights spread across 250 pages with 350 market data tables & 40 figures & charts from the report, “Plant Proteins Ingredients Market for Food Application By Product [Wheat, Soy {Soy Protein Concentrate, Soy Protein Isolate, Textured Soy Protein}, Pea {Pea Protein Concentrate, Pea Protein Isolate, Textured Pea Protein}, Rice {Rice Protein Concentrate, Rice Protein Isolate, Rice Protein Hydrolysate}, Others]), By Application (Sports Nutrition, Clinical Nutrition, Infant Nutrition, Bakery, Fortified Food & Beverages, Functional Food & Beverages), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/plant-protein-ingredients-market
Rice based plant protein ingredients market for food application may exceed USD 95 million by 2025. Growing product demand as easily available and less expensive protein sources mainly in fortified food including snakes, bars, bakery products to improve texture, binding capacity and nutritional content will have positive impact on industry statistics.
Plant protein ingredients market for food application is competitive and fragmented industry with key players in the market includes, Archer-Daniels-Midland, Jungbunzlauer Suisse AG, Cargill, A & B ingredients, Prinova, Medix, PEVESA, Axiom, and Chaitanya Chemicals. Manufacturers are involved in strategic partnerships and capacity expansion to develop novel products.