Share on

North America Plant-Based Protein Market segmentation by Source (Soy, Wheat, Pea, and Others), by Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Dietary Supplements, and Others), and by Type (Isolates, Concentrates, and Protein Flour), and By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, And Forecasts (2023 to 2028)

Published: March, 2023
ID: 9316
Pages: 125
Formats: report pdf report excel report power bi report ppt

North America plant-based Protein Market Growth and Forecast (2023 - 2028):

North America plant-based protein market size is foreseen to register a CAGR of 7.11%, during the conjecture time frame (2023 - 2028). Plant protein gives building squares to healthy muscles and tissues in the human body and is likewise valuable for weight reduction.

Market Overview:

The new compositional research and adjusted high-dampness expulsion process are helping the development of the plant protein market. For example, plant protein-based chocolates that are liberated from creature protein compensate for a decent interest in the market, for shoppers who don't expend dairy.

Also, Plant-based milk has watched a massive development as of late, with an expanding number of individuals going to sans dairy alternatives. This inventive product offering of the prepared to-eat item with no trade-off in taste and surface has, thus, supported the general plant protein market in the region.

Market Trends

Expanding Demand for Soy Protein-based Products

The Soy Protein portion of the North American Plant Protein Market is urged by the interest for sports and sustenance items by competitors, muscle heads, and recovering patients. Furthermore, the weight of the executive class is likewise developing where protein is the primary constituent ingredient. A gigantic lactose intolerance populace that drives interest for exchange dairy substitutes, for example, soy protein describes North America. Further, there is considerable undiscovered potential for the without GMO and clean-mark based soy protein ingredients. Makers are looking for eco-accommodating methods for developing as well as sourcing soybeans so as to process into the high calibre and safe soy proteins.

The US Holds the Largest Market Share

The interest for plant proteins is developing at a quick rate, attributable to change in the way of life, absence of adjusted dietary admission, and improved R&D, so as to grow new sorts of plant-protein advanced items. The United States keeps on catching the most significant piece of the pie for plant protein, trailed by Canada and Mexico. The interest for prepared and low cholesterol foods has made ready for the plant-based protein market, in the area. These days, customers are changing to other elective items, for example, green food items, combined with bringing issues to light of substantial and plant-based items, because of an expansion in the accessibility of fake items in the market.

Recent Developments in North America plant-based Protein Industry:

  • In October 2018, DuPont Nutrition and Health extended its scope of plant-based protein items with another pea protein for drinks called TRUPRO 2000 Pea Protein.
  • Walgreens, an organization, situated in the United States, has a significant store with a different games sustenance segment for the nutraceutical corridor.

Drivers:

New arrangement studies and high moistness expulsion forms help in the development of the North American Plant-based protein showcase. For instance, chocolate dependent on plant-based protein without animal protein is a decent interest in the market for shoppers who don't expend dairy items. The veggie lover advancement battle through the media stage is foreseen to develop fundamentally in the North America plant-based protein market throughout the following eight years as the number of inhabitants in Plexian grows in the United States and Canada. Among twenty to thirty-year-olds in created nations, including Mexico and the United States, worries about glutamine issue and lactose intolerance are relied upon to increase, and the utilization of soy and soy protein supplements is attempted to quicken. As of late, a few kinds of retail chains, including mass retailers, drug stores and markets, have concentrated on expanding the prominence of sports food among customers. Drug stores or medication stores, which speak to a massive piece of customer wellbeing spending, have become a fundamental retail segment. The imaginative product offering, prepared to eat without trading off taste and surface, has improved the whole North America plant-based protein market value.

Restraints:

The significant inclination for meat products is hampering the ongoing business sector development. What's more, unstable item costs are relied upon to slow market development during the estimated time frame.

North America plant-based Protein Market Segmentation Analysis:

Based on the source, the soy section is foreseen to rule the North America market over the prediction period. This is due to the augmenting fame and increasing need for a high-protein diet among consumers. Soy protein helps to decrease the cholesterol level, enhance metabolism, improve the density of bone mineral,and also reduce the risks associated with different cancers. Soy protein isolates are majorly found in nutritional bars, bakery products, sports nutrition items, meat alternatives, and various drinks.

Based on the type, the isolates segment is anticipated to account for the highest share in the North America plant-based protein market during the prediction period. Protein isolates have an enormousdemand for nutrition-related applications like sports and clinicalnutrition, protein drinks, and dietary supplements. In the previous years, athletes, bodybuilders, and vegetarians have risen, supporting the use of these isolates, along with extensive usage in various drinks and dairy products on the verge of different functional characteristics.

Based on the application, food and beverage division is supposed to hold the substantial portion of the North American plant-basedprotein market, which is attributed to the expanding consumer demand for healthy products, spreading awareness about the advantages of these proteins, a rush in health concerns for animal products, ascending vegan population, and booming meat prices. However, the nutrition and health supplement section is presumed to witness meaningful growth due to the changing consumer lifestyle, developing health & wellness trend, and risingprevalence of ailments.

Regional Analysis:

North America plant-based protein market accounted for 50.7% of the revenue share. As a result of new brand campaigns for social networks and television channels, vegetarianism awareness is supposed to expand demand for protein supplements in the immediate vicinity. Due to the increase in the consumption of sports nutrition supplements, demand from the United States is presumed to increase steadily over the outlook period. In addition, growing concerns about weight control increased consumer awareness of nutritional intake, and maintaining a healthy lifestyle are foreseen to drive growth in the local market during the prediction period.

Competitive Landscape:

Organizations like Roquette and Manitoba are extending their product portfolio and distribution channel to improve their customer base in different parts of the area. Archer Daniels Midland, Cargill Incorporated, Kerry Group, Dupont and others are among the leading players in the North American plant-based protein market.

Key Players in the Market:

Major Key Players in the NA Plant-based Protein Market are

  • Cargill Inc
  • Archer Daniels Midland (ADM)
  • DuPont
  • Kerry Group
  • Glanbia PLC
  • Tate & Lyle PLC
  • IngredionInc
  • BurconNutraScience Corp
  • Axiom Foods
  • Royal DSM N.V.
  • Sotexpro S.A.

 

 

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]