Global Plant-based Protein Market: Snapshot
In recent few years, there is remarkable rise in awareness about importance of healthy lifestyle and eating habits. As a result, the world is witnessing rising trend of consuming protein-based food products. This factor is predicted to boost demand opportunities in the global plant-based protein market during the forecast period of 2020 to 2030.
An upcoming research report by TMR aims to provide complete synopsis of the plant-based protein market for the forecast period 2020–2030. Thus, the study presents reliable analysis on key factors including competitive landscape, growth dynamics, restraints, trends, and challenges in the market for plant-based protein. Apart from this, the report delivers data on product development and technological development activities in the plant-based protein market.
The study performs segmentation of the global plant-based protein market based on many important parameters such as type, source, application, form, and region. Based on source, the market for plant-based protein is classified into wheat, soy, pea, and others.
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Global Plant-based Protein Market: Growth Dynamics
Growing focus of major population across the world toward adopting more nutritional diet plans is foreseen to generate promising sales opportunities in the global plant-based protein market in the assessment period of 2020 to 2030. In many developed as well as developing countries, major millennial population is growing its shift toward consuming organic and plant-based food products instead of animal-based products. Key reasons behind this shift are possibility of animal-borne diseases due to animal-based food products, increased awareness about meat-sourcing practices, and its environmental impact. These factors are predicted to generate extensive demand opportunities in the global plant-based protein market in the forthcoming years.
To capitalize the growing trend of consuming plant-based food products, major companies engaged in the food and beverages sector are focused on incorporating plant-based proteins in their products. Owing to this factor, the global plant-based protein market is likely to experience prodigious demand opportunities from food and beverages sector in the forthcoming years.
Global Plant-based Protein Market: Competitive Analysis
The global plant-based protein market is reasonably fragmented in nature. Presence of many active enterprises is indication of the highly intense competitive landscape of the market for plant-based protein. To stay ahead in this competitive atmosphere, vendors working in this market are employing diverse strategies.
Many players working in the global plant-based protein market are focused on advancing their production capabilities. This strategy is helping enterprises to fulfill the increased demand for plant-based protein. Moving forward, many enterprises in the global market for plant-based protein are growing interest in boosting their distribution channels and expanding their regional presence. Owing to all these activities, the global plant-based protein market is slated to expand at decent pace in the forthcoming years.
The list of key players in the global plant-based protein market includes:
- Kerry Group
- Wilmar International
- Emsland Group
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Global Plant-based Protein Market: Regional Assessment
In terms of region, the global plant-based protein market shows existence in many regions including North America, Europe, South America, Asia Pacific, and rest of the world. Of all regions, North America is one of the dominant regions of the market for plant-based protein. Important factor driving this market growth is rising trend of veganism among major population in the region. This aside, the region is experiencing increased cases of many health issues such as cardiovascular diseases, diabetes, and obesity. As a result, the North America plant-based protein market is predicted to witness lucrative avenues in the forthcoming years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.