Plant-Based Protein Powder Market Share Analysis, Business Strategy and Growth Drivers, 2023
Due to the prevailing economies and increase in the demand for healthy food products is expected to increase the growth of the market in the developed as well as developing countries.
(firmenpresse) - Global plant-based protein powder market is anticipated to grow at a significant CAGR in the forthcoming period. The ingredients of plant-based protein powder are widely used in food and beverage products, pharmaceutical applications and sports nutrition products. The infant and adult age groups majorly consume these protein products as it has endless health benefits.
Due to the prevailing economies and increase in the demand for healthy food products is expected to increase the growth of the market in the developed as well as developing countries. The inclination towards plant-based protein powder is increasing due to its high nutritional value, economical & ethical reasons, non-allergic nature, easy to digest and is a sustainable source of protein, which is creating a huge impact on the consumers. Due to its highly efficient dynamics, the plant-based protein powder market will foresee a massive growth and witness lucrative development opportunities in the estimated time span.
Based on region, North America holds the major share of the market owing to the well-established food and beverage industry, increase in the concerns over protein and animal products, rise in the preference for meat substitutes, upsurge in the vegan population, health and wellness trend and surging demand for nutritional and healthy products. Along with this, Asia Pacific is estimated to grow at a faster rate due to the acceleration in protein rich diet awareness, rapid urbanization and growth in the economy. These factors are likely to expand in all the other regions worldwide and this will help the plant-based protein powder to foresee a massive progress.
Some of the significant key players operating in the plant-based protein powder market are Wilmar International Ltd., NOW Foods, Archer Daniels Midland Company, Farbest Brands, Cargill, Incorporated, Glanbia plc., Roquette Freres Le Romarin, Crespel & Deiters GmbH & Co. KG, Ingredion Inc., E.I. Dupont De Nemours and Company, Corbion NV, Axiom Foods Inc., Kerry Group, AMCO Proteins, Tate & Lyle Plc, Burcon Nutrascience Corporation, Sotexpro, Beneo GmbH, CHS Inc., Glico Nutrition Co., Ltd. and Cosucra Groupe Warcoing SA. All the leading companies are looking forward to include mergers and acquisitions, partnerships and joint ventures to improve the growth and demand of the plant-based protein powder.
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Datum: 22.06.2020 - 10:49 Uhr
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