North America Plant Proteins Market By Source (Soy, Pea, Wheat and Others), By Type (Isolates, Concentrates, Textured), By Application (Food and Beverage, Animal Feed, Pharmaceuticals and Others), and By Country– North America Forecast to 2030

North America Plant Proteins Market Introduction :

The North America Plant Proteins Market is projected to be US$ 5,220.0 Mn in 2020 to reach US$ 9,687.8 Mn by 2030 at a CAGR of 6.5%.

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Protein derived from plants such as soy, nuts, lentil, pea, wheat, seeds, tofu, peanuts, potato, rice, etc., is mainly referred as plant-based protein. This protein is highly nutritious, which contains vitamins, minerals, and fibre.

Soybean and soy products such as tofu, is the most important plant protein-source, rich in vitamin C, calcium, iron, fibre, 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 benefit of green pea is that they aid in the regulation of blood sugar.

Plant-derived protein aids to maintain an optimal weight to age ratio. Plant protein is lower in calories; allowing it to aid lower blood pressure, cholesterol levels, and reduces the risk of several cardiovascular diseases.

Proteins are an important building block of muscles. Protein concentration in the plant-based derivatives ranges between 50-85%. The demand for healthy food will continue to grow in response to alarming obesity levels among the general populace, as well as the increasing prevalence of chronic diseases as a direct result of the adoption of sedentary lifestyles.

The exponential expansion of the health & wellness sector is being touted by the steady adoption of these types of diet plans that comprise of plant-based proteins, the participation in various health & fitness clubs, improving awareness levels concerning obesity and its ill-effects.

When compared to other sources of protein, plant-based derivatives make the cut for being environment-friendly. Consumers are increasingly becoming aware of beneficial properties that plant-based proteins offer, and are receiving due recognition among consumers seeking natural, environment-friendly goods that are allergen-free. This factors are anticipated to bolster the revenue growth of the North America plant proteins market in the near future.

North America Plant Proteins Market Revenue (US$ Mn), 2020–2030Segmentation of this sector is done on the basis of source, type, application, and countries. With regards to source type, the market is segmented into soy, pea, and wheat, among other sources. On the basis of source, the soy segment is expected to account for the majority revenue share, in comparison to all other segments being taken into consideration/evaluated. Based on type, the market is segmented into - isolates, concentrates, and textured. Among these classifications, the isolates-type segment is expected to account for a significant market share in terms of revenue. On the basis of application, this given market is classified as - food & beverage, animal feed, and pharmaceuticals, among other applications. Among these given categories, the food & beverage segment is slated to account for a significant share in terms of revenue. The US market accounted for the largest share, owing to the significant presence of leading manufacturers.

North America Plant Proteins Market Attractiveness Analysis by Source, 2014–2030

The gradual change in consumer preferences have indicated a growing shift in behavior towards the adoption of a more nutritional diet, centered around sustainable living, and a lower dependency on animal proteins. Moreover, consumers are gradually making the transition towards organic and plant-based food products as an ideal food solution over conventional animal-based products. These aforementioned factors are slated to bolster the revenue growth of the plant proteins market in North America over the forecast period.

However, the high cost associated with plant-based proteins, coupled with the lack of awareness concerning plant-based proteins among end-users could potentially restrain the favorable growth opportunities for the plant-based protein industry in the years to come.

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.

The research report on the North America plant proteins market includes profiles of some of the 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.

North America Plant Proteins Market Segmentation By Source, Type, Application, and Country

By Source:

• Soy
• Pea
• Wheat
• Other Sources

By Type:

• Isolates
• Concentrates
• Textured

By Application:

• Food and Beverage
• Animal Feed
• Pharmaceuticals
• Other Applications