Increasing Demand for Vegan Diet – Research and Markets

The global plant protein market to grow at a CAGR of 8.29% during the period 2017-2021.

A report out this month covers the present scenario and the growth prospects of the global plant protein market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of plant protein in different product forms: soy protein, wheat protein, pea protein, and others. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increasing strategic alliances and partnerships. Vendors collaborate with raw material suppliers to facilitate uninterrupted supply. They also partner with distributors and food and beverage companies to ensure a steady market for plant proteins. New product launches as well as new investments in plants for production of protein and expansions have also been providing manufacturers growth opportunities in the market.

According to the report, one driver in the market is demand for high protein content products. Plant proteins such as pea protein have 85% of protein content, which is higher than other vegetable proteins. With protein levels similar to that of animal sources, it adequately meets the nutritional needs of the vegetarian and vegan populations. Pea protein and all other plant proteins such as wheat have complementary amino acid profiles, and when combined, offer improved nutritional benefits.

Further, the report states that one challenge in the market is threat associated with contamination during processing. During the processing of plant proteins such as yellow peas into proteins, there is a high risk of contamination by chemical solvents and other ingredients. Improper handling during any stage of processing can lead to food contamination, which, in turn, will affect the safety and quality of products. This can result in end-products being discarded or recalled, which could affect a company’s operation and sales.

Key vendors & brands

  • Amy’s Kitchen
  • Archer Daniels Midland
  • Beyond Meat
  • Cargill
  • Daiya
  • DuPont
  • Engine 2 Diet Foods
  • Field Roast
  • Forks Over Knives
  • Gardein via Garden Protein International
  • Garden of Life
  • Green Chef (an organic food delivery service)
  • Just Food
  • Kerry Group
  • LightLife
  • Shaklee
  • Sun Warrior
  • Turtle Island Foods
  • Vega
  • Veganz

Other prominent vendors

  • A&B Ingredients
  • Agridient
  • Amway
  • Axiom Foods
  • Cosucra
  • Farbest Brands
  • Glanbia
  • Growing Naturals
  • Norben Company
  • NOW Foods
  • Roquette
  • Shandong Jianyuan Foods
  • The Scoular Company
  • Yantai Shuangta Food

Categories: Business, Health

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