Global Plant Protein Market 2017-2021
About Plant Protein
Plant protein is derived from sources such as soy, wheat, and other plant sources. Its application is in food and beverages products, sports nutrition products, and pharmaceutical and personal care products. The majority of plant proteins are extracted from cereals and legumes. The quality of the plant protein, as well as its quantity, is determined based on the nutritional profile. Most plant proteins lack one or more of the necessary amino acids required by the human body for optimal growth and repair.
Technavio’s analysts forecast the global plant protein market to grow at a CAGR of 8.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global plant protein market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of plant protein in different product forms: soy protein, wheat protein, pea protein, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Plant Protein Market 2017-2021
Technavio recognizes the following companies as the key players in the global plant protein market: Archer Daniels Midland, Cargill, DuPont, and Kerry Group.
Other Prominent Vendors in the market are: A&B Ingredients, Agridient, Amway, Axiom Foods, Cosucra, Farbest Brands, Glanbia, GLICO NUTRITION, Growing Naturals, Norben Company, NOW Foods, Roquette, Shandong Jianyuan Foods, The Scoular Company, and Yantai Shuangta Food.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in strategic alliances and partnerships. Vendors collaborate with raw material suppliers to facilitate uninterrupted supply. They also partner with distributors and food and beverage companies to ensure a steady market for plant proteins. New product launches as well as new investments in plants for production of protein and expansions have also been providing manufacturers growth opportunities in the market.”
According to the report, one driver in the market is demand for high protein content products. Plant proteins such as pea protein have 85% of protein content, which is higher than other vegetable proteins. With protein levels similar to that of animal sources, it adequately meets the nutritional needs of the vegetarian and vegan populations. Pea protein and all other plant proteins such as wheat have complementary amino acid profiles, and when combined, offer improved nutritional benefits.
Further, the report states that one challenge in the market is threat associated with contamination during processing. During the processing of plant proteins such as yellow peas into proteins, there is a high risk of contamination by chemical solvents and other ingredients. Improper handling during any stage of processing can lead to food contamination, which, in turn, will affect the safety and quality of products. This can result in end-products being discarded or recalled, which could affect a company's operation and sales.
Archer Daniels Midland, Cargill, DuPont, Kerry Group, A&B Ingredients, Agridient, Amway, Axiom Foods, Cosucra, Farbest Brands, Glanbia, GLICO NUTRITION, Growing Naturals, Norben Company, NOW Foods, Roquette, Shandong Jianyuan Foods, The Scoular Company, and Yantai Shuangta Food.
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