According to the research report titled ‘Global Plant Based Protein Market Analysis, 2020’, available with Market Study Report, global plant based protein market is projected to accrue massive returns, registering a CAGR of 13.82% during 2020-2025.
 

Reduction in consumption of meat, innovations by companies in segments like snacks and beverages, and rising per capita income are the key factors stimulating global plant based protein market growth.
 

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Notably, increasing number of animal welfare groups and societies, along with rising cognizance regarding environmental sustainability are driving end users to opt for plant-based proteins in order to meet the daily nutrient intake, hence impelling the market remuneration.
 

The global plant based protein market research report emphasizes on the predominant trends and the factors stimulating industry expansion. It also predicts the market growth rate based on the past and present market scenario, while highlighting the regional outlook, and competitive arena.
 

Moving ahead, the research literature assesses this business domain by elaborating on the various market segments such as type, application scope, and source type. It further elucidates the business profile different industry partakers, and entails growth strategies that can help businesses sustain the fierce competition and gain edge in the industry.
 

Based on type, global plant based protein market is split into protein flour, concentrates, and isolates. Among these, isolates segment held larger market share as compared to protein flour and concentrates in 2019, creditable to advantages it offers such as high amount of protein and easy digestibility.
 

Speaking of application spectrum, the industry is divided into sports nutrition, convince food, bakery products, processed meat, poultry & seafood, nutrition supplements, protein bars, meat alternatives, dairy alternatives, and protein beverages.
 

As per source type, the market is categorized into pea, wheat, soy, and others (including beans, oats, quinoa, nuts and seeds). Out of these, soy segment led the global plant based protein market in 2019, owing to availability at low price. Moreover, soy protein helps in weight loss, and has no effect on muscle mass, which is responsible for its popularity among sports enthusiast and bodybuilders.
 

Considering the regional scope, Europe and North America accounted for considerable share of global plant based protein industry in 2019, on account of presence of established food & beverage contenders in the region.
 

Renowned companies in global plant based protein market sphere are Axiom Foods, Royal DSM N.V., Burcon NutraScience Corporation, Ingredion Incorporated, Tate & Lyle plc, Kerry Group, Glanbia Plc, DuPont de Nemours Inc., Archer Daniels Midland Company, and Cargill Inc.