Plant Based Protein Products Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the plant based protein products market and it is expected to grow by $ 6.04 bn, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Plant Based Protein Products Market: Key Trends to impact market growth

The is one of the key plant based protein products market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Plant Based Protein Products Market: Top Drivers to Boost Demand

The Expanding global vegan population base is one of the primary factors driving the growth of the plant based protein products market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Plant Based Protein Products Market Size to Grow by Over $ 6 Billion through 2021-2025  

Vendor Analysis: Archer Daniels Midland Co., Cargill Inc and DuPont de Nemours Inc. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., Cargill Inc, DuPont de Nemours Inc., Glanbia Nutritionals Inc., Kerry Group Plc, Mann Packing Co. Inc., Omega Protein Corp., PepsiCo Inc., Tate & Lyle Plc, and The Kroger Co. are some of the major market participants.

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Plant Based Protein Products Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive plant based protein products market growth during the next five years
  • Precise estimation of the plant based protein products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plant based protein products market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of plant based protein products market vendors

Technavio has been monitoring the Global Plant Based Protein Products Market and it is expected to grow by $ 6.04 billion, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

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Plant Based Protein Products Market: Expanding global vegan population base to drive growth

One of the primary factors that will trigger the growth of the Plant Based Protein Products Market size is the expanding global vegan population base. The number of people adopting vegan lifestyles is increasing owing to the rising awareness about the health benefits of vegan diets. Millennials in the advanced as well as developing economies are opting for vegan diets as they provide more fiber, antioxidants, and beneficial plant compounds. Vegan diets can help in improving kidney function and lowering blood sugar levels.

Plant Based Protein Products Market Size to Grow by Over $ 6 Billion through 2021-2025  

40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for plant-based protein products in North America. Market growth in this region will be faster than the growth of the market in MEA. The expanding vegan population base, increasing awareness about the health benefits of plant-based protein products, and an increasing number of new product launches will facilitate the plant-based protein products market growth in North America over the forecast period. 

Plant Based Protein Products Market Size to Grow by Over $ 6 Billion through 2021-2025  

Plant Based Protein Products Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., Cargill Inc, DuPont de Nemours Inc., Glanbia Nutritionals Inc., Kerry Group Plc, Mann Packing Co. Inc., Omega Protein Corp., PepsiCo Inc., Tate & Lyle Plc, and The Kroger Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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