Plant-Based Food Ingredients Market Value Share, Supply Demand and Value Chain 2030

تبصرے · 95 مناظر

Plant-Based Food Ingredients Market will grow at a CAGR of 9.88% and reach a value of USD 21,351.90 million by 2030 due to the rising prevalence of lactose intolerance and increasing adoption of vegetarian and vegan diets.

Plant-Based Food Ingredients Market Overview:

Food ingredients derived from plants are referred to as Plant-based food ingredients. These ingredients are utilized as the main raw material in foods and beverages promoted as plant-based. Almond, soy, oats, coconut, cashew, and rice are some plant-based food sources. For various food businesses, these ingredients are used in their raw form or processed into flour, milk and oil. The basic ingredients in plant-based foods include proteins isolated from plant sources. The use of these ingredients is rapidly growing due to the growing consumer demand for plant-based foods.

The Plant-Based Food Ingredients Market Share is predicted to reach a CAGR of 9.88% in the forecast period and a market price of USD 21,351.90 million by 2030.

The global Plant-Based Food Ingredients Market is rapidly increasing due to their health concern and following healthy eating habits. There is a rising demand for non-dairy products due to the increase in the lactose-intolerant population. In addition, people prefer for vegan diet drives the growth of plant-based food ingredients. However, allergic reactions from plant sources might limit the market's growth.

The COVID-19 outbreak caused a global crisis which has affected more than 195 countries. The increasing number of cases has impacted the global plant-based food ingredient market in many different ways. People have become more aware of the virus's spread by consuming red meat, which makes them inclined toward plant-based foods, which led to an increase in demand for plant-based ingredients globally, and the growth is exponential.

Market Segments:

The Plant-based food ingredients market segments include market category, source and application.

Based on category, the Plant-based food ingredients market is divided into conventional and organic. In 2020, the conventional segment held the biggest market share of 73.55% and was predicted to expand at a CAGR of 9.73% in the next few years.

Based on source, the Plant-based food ingredients market is divided into almond, soy, oats, coconut, cashew, rice and pea. In 2020, the soy sector held a market share of 19.56%, while the pea segment is expected to grow at a CAGR of 10.43% in the forecast period.

Based on application, the Plant-based food ingredients market is divided into sweet and savoury snacks, plant-based milk derivatives, meat substitutes and bakery confectionary. In 2020, plant-based milk derivatives held the largest market share of 44.11%. The meat substitute category is expected to grow at a CAGR of 10.27% in the forecast period.

Top Key Player:

Prominent players in the Global Plant-Based Food Ingredients Market include Ingredion Inc. (US), Archer-Daniels-Midland Company (US), DuPont de Nemours, Inc.  (US), Cargill Inc.  (US), Puris Proteins, LLC (US), BI Nutraceuticals, Inc. (US), Olam International (Singapore), SunOpta Inc.  (Canada), Döhler GmbH (Germany), and The Scoular Company (US).

Industry News:

In January 2022 – Puratos, service and food ingredients supplier for a bakery, partnered with Shiru, a functional ingredients producer, to analyze and produce a new generation of egg replacement.

Regional Analysis:

According to the geographical distribution and global growth analysis, Plant-Based Food Ingredients Market Trends shows growth in regions such as Europe, Asia-pacific, North America, and the rest of the world.

Among the above geographical regions, the Plant-based food ingredients market is noticing significant growth in Europe. The market is predicted to rise at a CAGR of 9.97% in the forecast period. The demand for plant-based food ingredients is predicted to increase in Europe due to the rise in organic and genetically modified free supply chains with an increase in vegan and vegetarian diets.

Related Reports:

Egg Powder Food Market Research Report: By Type (Egg White Powder, Egg Yolk Powder, Egg Yolk Powder and others), Application (Food Beverages, Personal Care and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

Rapport d'étude mondial sur le marché des levures et des extraits de levure par type (levure de boulangerie, levure de bière, levure de vin, levure fourragère et autres), application (aliments et boissons (boulangerie et confiserie, boissons et autres), alimentation animale et autres)) et région (Amérique du Nord, Europe, Asie-Pacifique et reste du monde) ) - Prévisions jusqu'en 2030

Marktforschungsbericht für Eierpulver-Lebensmittel: Nach Typ (Eiweißpulver, Eigelbpulver, Eigelbpulver und andere), Anwendung (Lebensmittel und Getränke, Körperpflege und andere) und Region (Nordamerika, Europa, Asien-Pazifik und Rest der Welt) - Prognose bis 2030

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

تبصرے