Organic Plant Protein Ingredients Market: Current Analysis and Forecast (2022-2028)

Report Description

The global Organic Plant Protein Ingredients market is expected to grow at a significant rate of around 6.9% during the forecast period. Dietary proteins represent a key issue for the future regarding worldwide food security. Besides animal sources, plant proteins represent an opportunity to mainly contribute to protein demand. Recommendations for the general population are even of a greater importance for older subjects. With age, due to anabolic resistance, protein synthesis requires higher levels of circulating amino acids, in particular essential amino acids. Protein needs are also increased, and quality is of importance in athletes and people with intense physical activity. According to FAO, of the world population suffers from hunger and 1 billion people have inadequate protein in-take.

Further, in Europe, consumption of plant-based meat substitutes made up 40% of the world market in 2019 and is forecast to grow by 60% through 2025, mainly due to concerns for health, food security, and animal welfare. In the U.S. during 2019, the retail market for plant-based foods grew eight times faster than the general retail food market.

Archer Daniels Midland Company, Proeon, Cargill, Incorporated, Kerry Group plc, AMCO Proteins, The Scoular Company, A&B Ingredients, Inc., Glanbia plc, Reliance Private Label Supplements, Ingredion, are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst source, pea category to witness robust CAGR during the forecast period.”

Based on source, the market is segmented into soy, wheat, pea, and others. The pea category is to witness a higher CAGR during the forecast period due to their popularity and increasing utilization in various dietary supplements.

Despite it being a plant-based protein, pea protein is considered a “complete” protein and a good source of BCAA’s (leucine, isoleucine, and valine), which promotes muscle growth. Growth in the consumption of pea protein has been mainly triggered by the sports nutrition segment where consumers positively link protein with improved sports performance.

“Amongst form, the liquid category is to witness a fastest CAGR during the forecast period.”

On the basis of form, the market is categorized into dry and liquid. Among these, the liquid category is to witness the fastest CAGR during the forecast period. This form of processing involves the consumption of copious amounts of water and energy. During the extraction of the protein, the source crop is dispersed in water so that other components, such as carbohydrates, are also extracted through ultrafiltration or iso-electric precipitation. The demand for plant-based protein that is obtained through wet processing grow rapidly during the forecasted period due to growing demand for plant-based protein in the food and feed segments.

Organic plant protein ingredientss market Report Coverage

“North America will grow with a significant CAGR during the forecast period”

For a better understanding of the market adoption of the organic plant protein ingredients industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America will grow with a significant CAGR during the forecast period. This is mainly due to several key factors in the United States and Canada which drive the growth of the organic plant protein ingredients market. Plant protein foods contribute 65% of the per capita supply of protein on a worldwide basis and 32% in the North American region. Mixtures of plant proteins can serve as a complete and well-balanced source of amino acids for meeting human physiological requirements. According to Nielsen, 55% of U.S. households state “high protein” is an important attribute considered when buying food. Furthermore, the exploitation of modified high-moisture extrusion processes in the industries is intensifying the growth of the organic plant protein ingredients market.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global organic plant protein ingredients market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Organic Plant Protein Ingredients Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global organic plant protein ingredients market were the three major steps undertaken to create and analyze the adoption of organic plant protein ingredients in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global organic plant protein ingredients market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the organic plant protein ingredients market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the organic plant protein ingredients market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as source, form, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the organic plant protein ingredients market. Further, we conducted factor analysis using dependent and independent variables such as various source, form, and application of organic plant protein ingredients. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the organic plant protein ingredients market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global organic plant protein ingredients market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the organic plant protein ingredients market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global organic plant protein ingredients market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global organic plant protein ingredients market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of source, form, and application in the global organic plant protein ingredients market.

The Main Objective of the Global Organic Plant Protein Ingredients Market Study

The current & future market trends of the global organic plant protein ingredients market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the organic plant protein ingredients market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of source, form, and application.
• Define and analysis of the regulatory framework for the all-terrain vehicle
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the organic plant protein ingredients market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the organic plant protein ingredients market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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