San Francisco, California, 25th October 2018: Plant protein ingredients are commercially used in the food and beverages products, sports nutrition products and pharmaceutical applications. Protein products are majorly consumed by infant age groups and adult age groups. A recent intelligence study, titled as “Plant Protein Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028,” talks about the general market scenario, its drivers, trends, and possible restraints. The report additionally delves into the competitive landscape of the global plant protein market, elucidating on the strategies to be adopted by vendors in order to gain market traction over the forecast period of 2018 to 2028.
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The substantial percentage of plant proteins are typically derived or extracted from legumes and cereals. Depending on the quality as well as quantity of the plant protein, its value is determined based on the nutritional profile. Most plant proteins lack one or more of the necessary amino acids required by the human body for optimal growth and repair.
Growing awareness regarding the benefits of protein and growing demand for protein rich diet, growing trend of health and wellness, growing consumer inclination towards meat alternatives, growing demand from food & beverage industry, and advancement in ingredient technologies are expected to drive the global plant protein market in the coming years.
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Geographically, North America is expected to emerge dominant in the global plant-based protein market. The growing consumer awareness of different benefits offered by plant-based protein is expected to augment demand in the market in North America.
Leading vendors operating in the global plant protein market include Kerry Group PLC, Axiom’s Foods, Cargill Incorporated, Ajinomoto Co., Inc., and Azaki Gulico Co.