Plant Protein Ingredient Market Spurred by Advanced Technologies to Prevent Lactose Intolerance in Infants, Opines Fact.MR

Market players are focusing on research & development activities and employing advanced technologies to formulate nutritional formulas for infants that are rich in protein.

ROCKVILLE, MD / ACCESSWIRE / November 24, 2020 / The global plant protein ingredient market is anticipated to reflect an impressive growth rate over the forecast period of 2019-2027. The surging problem of lactose intolerance in infants in the past few years has attained traction in the plant protein ingredients market.

"Rising shift from meat-based protein sources to a plant-based protein have propelled the demand for plant-based protein ingredients market." says the Fact.MR report.

Plant Protein Ingredient Market- Key Takeaways

East Asia to reflect impressive growth pace throughout the forecast period.
Pea protein has attained noteworthy momentum in the market as a result of its high fiber attributes
The sports category is anticipated to record sales by over US$ 1.0 Billion towards the end of the assessment period.
Wheat plant protein ingredient type remains preferred among end-users.

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Plant Protein Ingredient Market – Driving Factors

Growing demand from sports nutrition and weight management segments likely to propel growth.
Standardization and protein fortification will support market in long run
Growing interest in veganism continues to create substantial opportunities.

Plant Protein Ingredient Market – Constraints

Instabilities in crop production, and subsequent deficits of supplies is creating bottle neck for market growth.
Higher costs for sourcing sufficient raw material for plant protein ingredients is a significant challenge for producers.

Anticipated Market Impact by COVID-19 Outbreak

The COVID-19 pandemic is offering an unexpected surge to the plant-based protein market, all over the world. As studies reflect that COVID-19 has a devastating impact on individuals with underlying health disorders such as heart disease, hypertension, and diabetes. The plant protein-based diet could assist in reducing the virus effects on people at-risk due to the presence of an abundance amount of antioxidants, micronutrients, and macronutrients.

Explore the global plant protein ingredients market with 96 figures, 126 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/4507/plant-protein-ingredient-market

Competition Landscape

Key market players identified in the global plant protein ingredient market include Roquette Freres S.A, Arla Foods, CHS Inc., Archer Daniels Midland Company, Axiom Foods, Inc., Glanbia plc, Sterling Biotech Ltd., Solae LLC, Cargill, Inc., A & B Ingredients Inc., and Prinova Group LLC.

A majority of players are focusing on launching innovative products and boosting their presence on social media to gain the benefits of influencer marketing. Considering the nature of the product, influencer marketing continues to be one of the key strategies for reaching the target audience.

More on the Report

The Fact.MR's market research report provides in-depth insights into the Plant Protein Ingredient market. The market is scrutinized based on product type i.e. soy protein, wheat protein, pea protein, rice protein, potato protein others; form (isolates, concentrate, other form), application (sports nutrition, clinical nutrition, infant nutrition, bakery & confectionary, fortified food & beverages and others), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).

Explore Wide-ranging Coverage of Fact.MR's Food & Beverage Landscape

Wheat Protein Concentrates Market: Find insights on the wheat protein concentrates market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a 10-year forecast period.

Rice Protein Market: Fact.MR's report on the rice protein market offers insights on the market during 2020-2030, including restraints, revenue sources, market leaders, and market strategies.

Yellow Pea Protein Market: Read an analysis of the yellow pea protein market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.

About Fact.MR

Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

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SOURCE: Fact.MR

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