#MeatSubstitutes Market Competitive Dynamics & Global Outlook 2021-2027 The meat substitutes market is estimated to be valued at USD 1.9 billion in 2021 and is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value. The rising health concerns and the changing consumer perception have fuelled the demand for meat substitute products. A healthy lifestyle, supported by the integration of plant-based alternatives, has become a popular notion among consumers who are increasingly open to the idea of plant-based products. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=979 Drivers: Increasing investments in plant-based protein ingredients Innovations in plant-based proteins have had a positive influence on the development of meat substitute products. Manufacturers are infusing plant-based ingredients to produce meat alternatives, which has gained widespread acceptance among consumers. According to the European Regional Development Fund, 22% of UK consumers convey that they consume more protein from other sources rather than meat. For the millennials and iGeneration, the numbers have increased to 25%, indicating the high growth of the protein alternatives market in the country. This factor proves positive for this market and works in its favor due to the changing consumer preferences and the high adaptability rate among consumers. The increasing investments made by ingredient manufacturers are propelling market growth. Opportunities: Emerging markets illustrate the great potential for meat substitutes Developing countries, such as China and India, in the coming years, will experience a strong upsurge in demand for meat substitutes. This demand is driven by an increase in processed and convenience food production. Emerging economies, such as India and China, in Asia Pacific, are exhibiting high growth. Asia Pacific also provides a cost advantage in terms of production and processing. High demand, coupled with the low cost of production, is a key feature that will aid meat substitute suppliers and manufacturers target this market. Developing countries are experiencing busier lifestyles and changing food consumption patterns, leading to an increase in demand for processed, ready-to-cook, and ready-to-eat food, which is expected to push the demand for meat substitutes in these regions. Challenges: Pricing pressure Pea protein is relatively expensive compared to soy protein and wheat protein. Since soy is a well-established product and the availability of raw material is easy, manufacturers have increased their production capacities to reduce costs. However, pea protein, being in its introductory phase, has to overcome these challenges. Its manufacturers are looking to increase production capacities by using advanced technologies for pea protein extraction and processing. However, the less availability of pea protein is forcing food manufacturers to import pea, increasing the price of raw materials and eventually increasing the prices of the final meat substitute products. Due to this, pea protein-based meat substitute is considered a premium product in various countries. Read more: https://www.marketsandmarkets.com/Market-Reports/meat-substitutes-market-979.html Key players in this market include DuPont (US), ADM (US), Kerry Group (Ireland), Ingredion Incorporated (US), Roquette Frères (France), PURIS (US), Cargill (US), Axiom Foods (US), MGP Ingredients (US), The Top Health Ingredients (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar International Limited (Singapore), Sotexpro S.A (France), The Nisshin OilliO Group, Ltd (Japan), and A&B Ingredients (Canada).

Potato #Protein Power: The Unexpected Plant-Based Protein on the Rise The potato protein market is projected to reach USD 144 million by 2028 from USD 105 million by 2022, at a CAGR of 5.4% during the forecast period in terms of value. Potato protein being a type of plant-based protein consists of particularly high content of essential amino acids. It is produced together from potato starch and is available in the form of isolates and concentrates with approximately 78% high protein content. Most potato proteins are soluble in water and in water & salt solutions. Driving manufacturers in the potato protein demand is due to increasing joint and muscle mass-related health issues, especially among women. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117255732 The demand for potato protein in Japan has been increasing due to the rising consumption trend of plant-based and vegan diets. Moreover, the increasing focus on healthy eating habits and the rising awareness of the benefits of protein consumption have also contributed to the growth of the market. Therefore, the rising trend of plant-based and vegan diets, increasing health consciousness, and the growing awareness of the benefits of protein consumption are likely contributing to the growth of the potato protein market in Japan. Read more: https://www.marketsandmarkets.com/Market-Reports/potato-protein-market-117255732.html The key players in this market include Avebe (Netherlands), Tereos (France), Kerry Group PLC (Ireland), Sudzucker AG (US), Roquette Freres (France), Emsland Group (Germany), KMC Ingredients (Denmark), Pepees Group (Poland), AKV Langholt (Denmark), PPZ Niechlow (Poland), The Scoular Company (US), Finnamyl (Finland), Kemin Industries (USA), Bioriginal (Canada), and Duynie (Netherlands).

#Protein Ingredients Market Emerging Trends and Developments by 2028 The global protein ingredients market is estimated to be valued at USD 61.0 billion in 2023. It is projected to reach USD 85.6 billion by 2028, recording a CAGR of 7.0% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global protein ingredients market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for protein alternatives and high-end personal care products, changing lifestyles, and consumption patterns to drive the demand in the protein ingredients market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114688236 A wide variety of protein ingredients are available in the North American market offered by Cargill, Incorporated North America has a significant market share in the protein ingredients market which implies that the consumer awareness and demand is high in the region, making it the most prrofitable region for protein ingredients market players to enter. Other factors such as high disposable income, urbanization, and developed stable economies with attractive opportunities are pulling investments in the industry from various players around the globe. US-based Cargill, Incorporated is a leading and well-established player in the market. It has a dominant share in the region and globally. The knowledge of consumer perception gives it a competitive edge over other players that are not from the fast growing region. The feed segment by application in protein ingredients market is relatively small in comparison to the food & beverages segment by application Protein ingredient-based feed is relatively less commercialized than protein ingredient-based food & beverages for human consumption in the market. This is because the demand for protein ingredients-based products for human consumption is high. The market for animal end-user segment is at a very nascent stage, and the importance of healthy animal diet rich in proteins has just started gaining momentum in the market. However, with the global rise in demand for clean, AGP-free (Antibiotic Growth Promoters), meat products such as beef, pork, and chicken, the significance of animal diet is also rising, and so is the importance for nutrient-rich feed and its production. This is further pushing the players to manufacture products to cater to the interests of the gradually growing market as a result of which players in the market are manufacturing protein ingredients that cater the feed industry. Read more: https://www.marketsandmarkets.com/Market-Reports/protein-ingredients-market-114688236.html During the forecast period, the insect-based protein segment by source is expected to grow at the fastest CAGR of 33.4%. It is being assumed that the animal sources of protein will be insufficient to cater the exponentially rising demand for protein worldwide. Thus, there is a huge space for alternative protein market. One of the alternative sources which is growing at a very fast rate is the insect-based protein source. High protein content, easy availability, and low cost of raw materials is driving the market for insects as a protein source. Moreover, consumer curiosity and high investments in this segment, especially in the developed regions is driving their market. By form, liquid segment is projected to grow at a significant rate in the protein ingredients market during the forecast period According to an article published in Forbes in September 2022, demand for RTD beverages is skyrocketing, fueling the demand for protein ingredients in liquid form. Liquid protein ingredients are easier to mix, blend homogenously, and provide a uniform texture to the products, particularly in the beverages and cosmetics & personal care product applications. With the rising and aging population, the demand for easy consumable products for infants and elderly are in great demand. This is also contributing to drive the liquid form segment in the protein ingredients market. By application, cosmetics and personal care products segment is projected to hold a significant market size in the protein ingredients market by 2028 Proteins find a huge application in cosmetics and personal care industry. They are used in skin-care formulations due to their moisture-imparting properties and in hair-care products due to their conditioning properties. Collagen is one of the most popular sources of protein ingredients used in cosmetics industry due to its benefits for skin. With the rise in disposable incomes, and consumer spending on high-end personal care products, the demand and high growth for protein ingredients in this application industry is inevitable. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp

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