Food & Beverage Market Research News

Discover the olant based protein market worth USD 10,892.3 million by 2022

Food & Beverage Market Research

The plant based protein market is driven by increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumers’ focus on meat alternatives, growing demand from food & beverage industry, and various advancements in ingredient technologies such as microencapsulation.


However, significant preference for animal based protein and fluctuating raw material prices restricts the growth of plant based proteins market to some extent.

In addition, growing demand for soy free and gluten free products is expected to pose a serious challenge to the growth of this market.

The global plant based protein market is mainly segmented by type (soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, and others), by application (food & beverages, animal feed, nutrition & health supplements, pharmaceuticals, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).