Market Players In Plant-based Protein Market

Business/Investing Health & Fitness

The plant-based protein market is estimated at USD 18.5 billion in 2019 and is projected to reach USD 40.6 billion by 2025, at a CAGR of 14.0% during the forecast period. Consumers are focused toward a better understanding of the provenance of their food and avoid products deemed unnatural or unhealthy. These “clean” eating trends, driven primarily by millennials, favor foods that are healthy, ethically and naturally sourced, and less processed. Increased plant-based protein product consumption is a direct consequence of this shift.

Proteins are essential nutrients for the human body. They are one of the building blocks of body tissue and can also serve as a fuel source. As a fuel, proteins provide as much energy density as carbohydrates: 4 kcal (17 kJ) per gram; in contrast, lipids provide 9 kcal (37 kJ) per gram. The most important aspect and defining characteristic of protein from a nutritional standpoint is its amino acid composition.

Proteins are polymer chains made of amino acids linked together by peptide bonds. During human digestion, proteins are broken down in the stomach to smaller polypeptide chains via hydrochloric acid and protease actions. This is crucial for the absorption of the essential amino acids that cannot be biosynthesized by the body.

There are nine essential amino acids which humans must obtain from their diet in order to prevent protein–energy malnutrition and resulting death. They are phenylalanine, valine, threonine, tryptophan, methionine, leucine, isoleucine, lysine, and histidine. There has been debate as to whether there are 8 or 9 essential amino acids. The consensus seems to lean towards 9 since histidine is not synthesized in adults. There are five amino acids which humans are able to synthesize in the body. These five are alanine, aspartic acid, asparagine, glutamic acid and serine. There are six conditionally essential amino acids whose synthesis can be limited under special pathophysiological conditions, such as prematurity in the infant or individuals in severe catabolic distress. These six are arginine, cysteine, glycine, glutamine, proline and tyrosine. Dietary sources of protein include meats, dairy products, fish, eggs, grains, legumes, nuts and edible insects.

– https://en.wikipedia.org/wiki/Protein_(nutrient)

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Plant-based protein manufacturers are focusing on product launches to expand their consumer base in the market.

Leading players operating in the plant-based protein market include Cargill Inc. (US), ADM (US), DuPont Danisco (US), Glanbia (Ireland), Kerry Group (Ireland), Tate & Lyle (UK), Ingredion Inc. (US), Burcon NutraScience Corporation (Canada), Royal DSM N.V. (Netherlands), Sotexpro S.A (France), Axiom Foods (US), and The Scoular Company (US).

By source, the pea segment is projected to be the fastest-growing segment within the global plant-based protein industry during the forecast period. The pea segment is driven by the rising demand for plant-based meat and healthy food products. A significant increase in the usage of pea as a key ingredient is being noticed in the plant-based meat industry. It is gradually becoming the primary choice for plant-based meat consumers due to its high nutritional profile and rich protein content. Leading players in the global plant-based meat industry are now shifting their interest toward pea and have also started developing pea-based meat products such as patties, sausages, and slides, which are high in protein content.

On the basis of application, the demand for protein beverages was the highest in 2019; as a result, the protein beverages segment is estimated to account for the largest market share, followed by dairy alternatives, meat alternatives, protein bars, nutrition supplements, processed meat, poultry, and seafood, bakery products, sports nutrition, and convenience food. The perception of consumers about beverage products has changed as beverages are no longer just thirst-quenching drinks. Considering these requirements, beverage manufacturers across the world are actively developing and introducing plant-based beverage products. Moreover, in response to this trend, leading plant protein producers are introducing new and high-protein sources in the global market. For instance, DuPont Nutrition & Health expanded its plant-based protein product range with a new pea protein for beverages called TRUPRO 2000 Pea Protein in 2018.

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North America is the fastest-growing market for plant-based protein; it is projected to record the highest CAGR during the forecast period. The presence of leading plant-based protein companies in this region, along with the availability of a variety of plant-based protein products that are manufactured using different sources such as soy, wheat, pea, canola, and rice, is a key factor driving the North American plant-based protein market. Consumers in the region are incorporating plant-based protein products in their daily routine diets, owing to the health concerns related to the consumption of animal protein products.

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