Global Plant Protein Market 2017-2021

Overview of the global plant protein market

According to Technavio’s market research report, the global plant protein market will grow steadily at a CAGR of more than 8% during the forecast period. The increasing demand for sports nutrition products will drive the growth prospects for the market during the projected period. The growing trend of joining gyms and bodybuilding centers compels individulas to consume sports nutrition products to boost their immunity and strengthen and build muscles. Additionally, trainers in gyms and bodybuilding centers are also encouraging the consumption of sports nutrition products. This will in turn, drive the growth of this global market since plant protein ingredients such as soy proteins and pea proteins are the essential raw materials for sports and nutrition products.

The hectic lifestyle of consumers in the Americas compel them to look for more nutritious substitutes such as plant-based protein products that promote and maintain health conditions. Consumers in this region readily spend on baking products, sports nutrition products, and water-soluble protein powder made from plant proteins. The growing awareness on the health issues such as schaemic heart diseases, cerebrovascular diseases, and diabetes that are related with the consumption of animal protein and the application of plant protein as a meat analog, will be the major factors augmenting the growth of the plant protein market in this region during the next four years.

Competitive landscape and key vendors