Increasing Demand for Vegan Food to Drive Plant Protein Ingredients Market Size
Selbyville, Delaware, United States, November 4 2020 (Wiredrelease) Global Market Insights, Inc –:Growing consumer focus towards intake of dietary protein is anticipated to drive plant protein ingredients market trends over the coming years. These products are rich in protein and enhance the flavor, texture and color of various food & beverage products. Rising consumer awareness towards emerging benefits of a vegan lifestyle will foster business growth.
Increasing R&D investments have resulted in clinical studies to validate the efficacy and safety of functional ingredients without compromising flavor, texture or appearance. Plant-based protein are cost effective and are compatible with various other food ingredients, allowing food producers to offer meat-less products with natural ingredients.
Widespread use of soy-based ingredients in the food & beverage sector owing to surging demand for meat substitutes and milk alternatives will favor the segmental growth. Growing consumption of these products in energy drinks and dietary supplements on account of high protein content will further boost plant protein ingredients industry forecast.
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Escalating demand for rice-based proteins owing to easy availability and low costs will foster the industry growth. These products are prominently used in snacks, bars and bakery products to enhance nutritional content, texture and binding capacity. Rice-based plant protein ingredients industry demand from food applications is projected to surpass USD 95 million by 2025.
Growing occurrence of lactose intolerance in infants coupled with rising prevalence of high content of antibiotics, pesticides and hormones which may have negative impact on dairy products is anticipated promote the market demand in the coming years. Plant protein ingredients market share from infant nutrition application will exhibit robust growth at over 6% during the forecast period.
Increasing R&D investments to substitute gluten, cholesterol and high fat ingredients with protein-rich ingredients mainly in baked products will drive the product penetration across European countries. Pea-based protein has widespread use in chocolates, candies and muffins. Shifting focus towards healthy diet will further propel the regional demand. France plant protein ingredients market size from food application is estimated to exceed USD 300 million by 2025.
Burgeoning demand for ready-to-eat foods is anticipated to boost product demand in the future. Increasing advances in technology has encouraged manufacturers to experiment with baked goods consisting of gluten-free fiber and whole wheat. Wheat is widely used as a major ingredient in food & beverage sector which will stimulate wheat-based ingredient consumption across Europe.
Europe plant protein ingredients market size from bakery & snacks application will register a 7.5% CAGR up to 2025.
Plant protein-based substitutes are suitable for vegan and vegetarian consumers as well as those who are allergic to animal-based protein. Meat alternatives and milk substitutes effectively help prevent several chronic disorders such as diabetes, obesity, high blood pressure and other cardiovascular conditions. Increased focus on weight management has led to a higher demand for natural food products in the U.S. North America soy-based plant protein ingredients industry share will exceed USD 75 billion during the analysis timeline.
Surging demand for plant protein as healthier and cost-effective alternative to meat-based products will increase the product adoption across India. Presence of large number of vegetarian consumers in the region coupled with innovations in the food industry to produce meat substitutes will offer substantial business prospects. India plant protein ingredients market size from food application will register prominent gains of about 8.5% between 2019-2025.
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