Market Research Report
Plant Based Ingredients Market Size By Product(Soy, Rice, Pea, Canola, Wheat [ Potato, Corn], Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
|Published by||Global Market Insights Inc.||Product code||801184|
|Published||Content info||380 Pages
Delivery time: 2-3 business days
|Plant Based Ingredients Market Size By Product(Soy, Rice, Pea, Canola, Wheat [ Potato, Corn], Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025|
|Published: February 19, 2019||Content info: 380 Pages||
Plant Based Ingredients Market may exceed USD 13.5 trillion by 2025; according to a new research report.
Growing consumer preferences for vegan diet along with rising inclination towards organic ingredients should stimulate plant based ingredients market. These are low-calorie food with high fiber & protein content and are easily digestible. Rising enviornmental concerns, health awareness and consumer focus on nutritional and healthy diet will stimulate the plant based ingredients market growth.
Soy-based ingredients market surpassed USD 1 trillion in 2018 primarily on account of growing demand of meat substitutes, dairy alternatives and increasing usage in snacks & beverage industry. These plant derived ingredients are replacing animal based protein pertaining to their similar appearance, texture, reduced saturated fat and presence of essential amino acid content. Increasing consumption of soybeans in dietary supplements and energy drinks owing to their high protein content is likely to boost plant based ingredients market demand in the sports & energy nutrition sector.
North America soy based ingredients market from meat substitute applications should exceed USD 75 billion by 2025. These products are suitable for vegetarian consumers and consumers who are allergic to animal based protein. Meat substitutes help in preventing several chronic diseases such as obesity, diabetes, high blood pressure and other cardiovascular diseases. Growing consumer inclination towards weight management has increased the demand for natural food products in the diet which will drive the plant based ingredients market growth.
Europe wheat based ingredients market from bakery & snacks applications may expect gains at above 7.5% by the end of forecast period owing to increasing demand for ready to eat food products. Increasing technological advancements has allowed manufacturers to focus on experimentation of baked goods consisting of whole wheat and gluten-free fiber. Wheat is significantly used as a key ingredient in food & beverage industry which is likely to stimulate the plant based ingredients market growth in the region.
Major industry participants in the plant based ingredients market include: Ingredion, Cargill, Dohler Group, DuPont, Roquette Freres, Axiom Foods and Puris Proteins. Prominent manufacturers are engaged in production capacity development to satisfy growing consumer demand and research & development initiatives to identify better active ingredients which should promote plant based ingredients market.