MarketResearch.biz announces publication of its most recently generated research report titled, “North America Plant Proteins Market by Source (Soy, Pea, Wheat, and Other Sources), Type (Isolates, Concentrates, and Textured), Application (Food and Beverage, Animal Feed, Pharmaceuticals, and Other Applications), and Country – North America Forecast to 2030.”, which offers a holistic view of the North America plant proteins market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2025) is projected to be over US$ 27,641.0 Mn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Proteins derived from plants such as nuts, pea, soy, wheat, lentil, seeds, peanuts, tofu, potato, rice, etc., is normally referred as plant-based protein. This protein is highly nutritious and contains vitamins, fibre, and minerals. Soybean and soy products such as tofu, is the most important plant protein-source, rich in vitamin C, calcium, fibre, iron, and folates. It is made up of all essential nine amino acids. Green pea is a good source of fiber, iron, vitamin A, vitamin C, and minerals. The benefits of green pea are, that they aid in the regulation of blood sugar. Plant-derived protein helps to maintain an optimal weight to age ratio. Plant protein is lower in calories; allowing it to help lower blood pressure, cholesterol levels, and reduces the risk-factor of various cardiovascular diseases.
North America Plant Proteins Market: Market Dynamics
The changing consumer preferences have indicated a rising shift in behavior pertaining to the adoption of a nutritional diet, centered around sustainable living, and a lower dependency on animal proteins. In addition, consumers are gradually shifting towards conventional animal-based products, to organic and plant-based food products as an ideal food solution. This factors are anticipated to propel the financial development of the plant proteins market in North America in the foreseeable future.
However, the high cost of plant-based proteins, paired with the lack of awareness pertaining to plant-based proteins among end-users, are expected to hamper the revenue growth of plant proteins market to a certain extent in North America.
Influential industry players are now channeling increasing investments towards strategies related to business expansion such as, partnership & agreements, mergers & acquisitions, new product launches, etc. A noticeable trend being observed across the plant proteins market of North America.
North America Plant Proteins Market: Market Forecast
The comprehensive research report comprises a complete forecast of the North America plant proteins market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the North America plant proteins market is estimated to expand at a moderate CAGR of 6.5% during the forecast period.
North America Plant Proteins Market: Segmental Snapshot
The market report has been segmented on the basis of source, type, application, and country. The source segment includes soy, pea, wheat, and other sources. The type segment includes isolates, concentrates, and textured. The application segment includes food and beverage, animal feed, pharmaceuticals, and other applications. The countries covered in the analysis are The US, Canada, and Mexico.
By Source: The pea segment is expected to register a CAGR of over 7.0%, but soy segment is accounting for highest revenue share among the source segments.
By type: The isolates segment is expected to register a CAGR of over 6.9% over the forecast period, thereby accounting for highest revenue share among the type segments.
By application: The food and beverage segment is expected to register a CAGR of over 6.8% over the forecast period, thereby accounting for highest revenue share among the application segments.
By country: The market in the United States accounted for highest revenue share in the North America plant proteins market in 2020, and is estimated to register a CAGR of over 6.5% between 2020 and 2030.
North America Plant Proteins Market: Competitive Analysis
The research report on the North America plant proteins market includes profiles of major companies such as Cargill, Inc., Archer-Daniels-Midland Co., DuPont de Nemours, Inc., Ingredion, Inc., AGT Food and Ingredients Inc., Batory Foods, Puris Proteins, LLC, Burcon NutraScience Corp., AMCO Proteins, and Parabel Inc.
The North America Plant Proteins Market: North America Industry, Size, Share, Growth, Trends, and Forecast, 2019–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the North America Bakery Ingredients Market for 2020–2030.
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