Plant Protein Ingredients Market may surpass USD 8 billion by 2025; according to a new research report.
Growing demand for functional food products including oats, soy, flaxseed, nutrition bars and fortified baked products & edible oils should propel industry growth. Vegan protein powder is added to oatmeal dishes to enhance protein content and add nutritional benefits. Increased requirements of balanced dietary intake to promote fitness will drive product demand by 2025.
Increasing consumption of vegan diets owing to rising animal welfare concerns will have a positive impact on industry growth. European Vegetarian Union encourages European Commission to promote plant-based food products for animal rights which may positively impact industry growth. The product contains healthy fibers and has applications in infant nutrition, bakery, sports nutrition, and functional food & beverages. Shifting consumer preferences towards healthy diet regimes in order to reduce risk of diseases should accelerate industry growth.
China plant protein ingredients market from clinical nutrition application will observe gains over 5% in the estimated timeline. Plant proteins offers low artery clogging cholesterol in comparison to animal protein which reduces the risk of heart related issues, thereby driving industry growth in forecast timeline.
Fluctuations in raw material prices of different plant ingredients used in product manufacturing along with varying regional weather conditions may hamper crop yields which may lead to supply deficits. These factors may have a negative impact on plant-based protein ingredients industry profitability and market growth. However, rising technological advancements in agricultural sector to maintain crop quality may tackle supply deficit issues, thereby promoting industry growth.
U.S. plant protein ingredients market from sports nutrition application will exceed USD 600 million at the end of 2025. Plant based protein ingredients help in muscle building & strength and supports muscle recovery after exercise. Number of health clubs and fitness centers in the U.S. increased to over 38000 in 2017 from over 36000 in 2016 owing to rising health concerns, thereby stimulating plant protein sports nutrition products demand.
Wheat based plant protein ingredients market may witness significant gains over 6.0% in the estimated time period. Wheat protein owing to its sticky and elastic nature is used for manufacturing breads and noodles which are globally consumed in order to follow specific health regime. Growing adoption of multigrain breads owing to its low-fat content and high dietary fibers will foster product demand owing to its extensive usage as an essential ingredient in production of bakery goods.
Germany plant protein ingredients market from bakery application will exceed USD 20 million by 2025. Soy protein & pea protein ingredients due to their high protein content are used in manufacturing of gluten free & vegan cakes, cookies and breads. Growing demand of nutritional low carbs bakery goods in order to tackle the rising obesity rates will foster industry growth.
Growing adoption of plant-based ingredients over animal-based proteins due to low saturated fat should accelerate product demand. Animal based proteins may lead to cardiovascular diseases due to higher levels of cholesterol posed by unsaturated fats, which may support plant-based protein market.
Plant based protein ingredients market is fragmented with major industry participants includes Kerry, Prinova Group, Axiom Food, Cargill, and sonic Biochem. Producers are investing in capacity expansion, R&D activities, product portfolio expansion for growing product demand in clinical nutrition, bakery, and functional food sectors.