Report Detail
Asia Pacific Plant Protein Market to 2027 - Regional Analysis and Forecasts by Source (Soy, Wheat, Pea, and Others); Type (Isolates, Concentrates, and Protein Flour); Application (Protein Beverages, Dairy Alternatives, Meat Alternatives and Meat Extenders, Protein Bars, Bakery, and Others), and Countries
- RnM3926443 |
- 13 March, 2020 |
- Global |
- 149 Pages |
- The Insight Partners |
- Food & Beverages
The Asia Pacific plant protein market is accounted to US$ 3,445.9 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019 – 2027, to account to US$ 6,292.3 Mn by 2027.
Plant protein is a natural protein derived from plant sources such as soy, wheat, pea, and others. Plant protein provides building blocks for healthy muscles and tissues in the human body and is also beneficial for weight loss. Plant-based proteins tend to be lower in calories and fat as compared to animal proteins but higher in fiber and essential nutrients.
The Asia Pacific plant protein market is segmented on the basis of source as soy, wheat, pea, and others. The soy segment held the largest share of the Asia Pacific plant protein market in 2018. Soy protein is prepared from soybean meal that has been defatted and dehulled. It contains all nine essential amino acids. Soy is also a rich source of fibers, vitamins, and minerals, including folate, selenium, potassium, and magnesium. They also contain antioxidants and phytochemicals, including phenolic acids, isoflavones, and omega-3 fatty acids. For vegetarians and vegans as well as those who avoid or are allergic to dairy food, soy proteins often serve as a prominent source of important nutrients. Soy protein products are used in various food preparations, which include salad dressings, soups, beverage powders, meat analogs, cheeses, nondairy creamers, whipped toppings, frozen desserts, infant formulas, breads, breakfast cereals, pastas, and pet foods, among others. It is available in three major forms—isolates, concentrates, and flours.
The Asia Pacific plant protein market is segmented based on application as protein beverages, dairy alternatives, meat alternatives and meat extenders, protein bars, bakery and other applications. The growing demand for functional food and beverages is propelling the demand for plant protein in the food & beverages industry. Moreover, the increasing preference for natural ingredients in the functional food & beverages industry is projected to propel the demand for plant proteins over the forecast period. Additionally, plant proteins are increasingly being used in health supplements as they contain amino acids that aid in muscle growth and repair. The proteins also play a major part in sports nutrition as it has applications in protein bars and shakes. All these factors are expected to boost the demand for plant protein products. The meat alternatives and meat extenders application segment accounted for considerable share of the Asia Pacific plant proteins market in 2018, whereas the protein beverages segment is expected to register an exceptional CAGR during the forecast period.
Asia Pacific plant protein market is segmented on the country as Australia, China, India, Japan, South Korea, and rest of APAC. China has a major share in the Asia Pacific plant protein market, which is followed by rest of APAC region. China has the largest population in APAC, and this leads to the growing demands for food and beverages, cosmetics and personal care products, which, in turn, will lead to the growth of the plant protein market in China. The low manufacturing and capital costs in China attract new investment and better opportunities for food and beverage businesses in the region. It is considered to be the second-largest economy in the world and exhibits potential growth for the market in the forthcoming years. According to the China Cuisine Association, the food & beverages industry of China was valued at ~US$ 636 billion in 2018. Thus, growing food & beverages industry is expected to boost the plant protein market in the upcoming years. The majority of pea protein is produced in far-flung countries such as Canada and China. In China, many consumers like to try protein drinks made from oat, red bean, and black bean. These factors are likely to boost the demand for plant-based protein in this country in the upcoming years.
Some of the players present in Asia Pacific plant protein market are Archer Daniels Midland Company, Axiom Foods, Inc., Cargill, Incorporated, E. I. Du Pont De Nemours and Company, Glanbia plc, Ingredion Incorporated, Kerry Group, Koninklijke, Roquette Frères and DSM N.V.
The overall Asia Pacific plant protein market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific plant protein market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific plant protein market.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Asia Pacific Plant Protein Market – By Source
- 1.3.2 Asia Pacific Plant Protein Market – By Type
- 1.3.3 Asia Pacific Plant Protein Market – By Application
- 1.3.4 Asia Pacific Plant Protein Market – By Country
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Plant Protein Market Landscape
- 4.1 Market Overview
- 4.1.1 Asia Pacific PEST Analysis
5. Plant Protein Market – Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Health Benefits Associated with Plant Protein Consumption
- 5.1.2 Rising Consumer Awareness About Protein-Rich Food
- 5.2 Key Market Restraints
- 5.2.1 Volatility in the Prices of Plant Protein Sources
- 5.3 Key Market Opportunities
- 5.3.1 Emerging Use of Plant Protein in Sports Nutrition and Cosmetic Application
- 5.4 Future Trends
- 5.4.1 Rising Inclination Toward Vegan Diet and Plant-Based Protein
6. Plant Protein – Asia Pacific Market Analysis
- 6.1 Asia Pacific Plant Protein Market Overview
- 6.2 Asia Pacific Plant Protein Market Analysis, in Terms of Volume and Value, Forecast to 2027 (kiloton and US$)
7. Asia Pacific Plant Protein Market Analysis – By Source
- 7.1 Overview
- 7.2 Asia Pacific Plant Protein Market Breakdown, By Source, 2018 & 2027
- 7.3 Soy
- 7.3.1 Overview
- 7.3.2 Asia Pacific Soy Protein Market, in terms of Volume and Value, Forecasts To 2027 (Kiloton and US$ Mn)
- 7.4 Wheat
- 7.4.1 Asia Pacific Wheat Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 7.5 Pea
- 7.5.1 Overview
- 7.5.2 Asia Pacific Pea Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 7.6 Other Sources
- 7.6.1 Overview
- 7.6.2 Asia Pacific Others Source Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton and US$ Mn)
8. Asia Pacific Plant Protein Market Analysis – By Type
- 8.1 Overview
- 8.2 Asia Pacific Plant Protein Market Breakdown, By Type, 2018 & 2027
- 8.3 Isolates
- 8.3.1 Overview
- 8.3.2 Asia Pacific Plant Protein Isolates Market, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
- 8.4 Concentrates
- 8.4.1 Overview
- 8.4.2 Asia Pacific Plant Protein Concentrates Market, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
- 8.5 Protein Flour
- 8.5.1 Overview
- 8.5.2 Asia Pacific Protein Flour Type Market, In Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
9. Asia Pacific Plant Protein Market Analysis – By Application
- 9.1 Overview
- 9.2 Asia Pacific Plant Protein Market Breakdown, By Application, 2018 & 2027
- 9.3 Protein Beverages
- 9.3.1 Overview
- 9.3.2 Asia Pacific Plant Protein Market for Protein Beverages, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
- 9.4 Dairy Alternatives
- 9.4.1 Overview
- 9.4.2 Asia Pacific Plant Protein Market for Dairy Alternatives, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
- 9.5 Meat Alternatives and Meat Extenders
- 9.5.1 Overview
- 9.5.2 Asia Pacific Plant Protein Market for Meat Alternatives and Meat Extenders, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
- 9.6 Protein Bars
- 9.6.1 Overview
- 9.6.2 Asia Pacific Plant Protein Market for Protein Bars, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
- 9.7 Bakery
- 9.7.1 Overview
- 9.7.2 Asia Pacific Bakery Application Market, Volume and Revenue Forecasts To 2027 (kiloton and US$ Mn)
- 9.8 Other Applications
- 9.8.1 Overview
- 9.8.2 Asia Pacific Plant Protein Market for Other Applications, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
10. Plant Protein Market – Country Analysis
- 10.1 Overview
- 10.1.1 Asia Pacific Plant Protein Market Breakdown, by Country
- 10.1.1.1 Australia Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 10.1.1.1.1 Australia Plant Protein Market Breakdown, by Source
- 10.1.1.1.2 Australia Plant Protein Market Breakdown, by Type
- 10.1.1.1.3 Australia Plant Protein Market Breakdown, by Application
- 10.1.1.2 China Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 10.1.1.2.1 China Plant Protein Market Breakdown, by Source
- 10.1.1.2.2 China Plant Protein Market Breakdown, by Type
- 10.1.1.2.3 China Plant Protein Market Breakdown, by Application
- 10.1.1.3 India Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 10.1.1.3.1 India Plant Protein Market Breakdown, by Source
- 10.1.1.3.2 India Plant Protein Market Breakdown, by Type
- 10.1.1.3.3 India Plant Protein Market Breakdown, by Application
- 10.1.1.4 Japan Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 10.1.1.4.1 Japan Plant Protein Market Breakdown, by Source
- 10.1.1.4.2 Japan Plant Protein Market Breakdown, by Type
- 10.1.1.4.3 Japan Plant Protein Market Breakdown, by Application
- 10.1.1.5 South Korea Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 10.1.1.5.1 South Korea Plant Protein Market Breakdown, by Source
- 10.1.1.5.2 South Korea Plant Protein Market Breakdown, by Type
- 10.1.1.5.3 South Korea Plant Protein Market Breakdown, by Application
- 10.1.1.6 Rest of APAC Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
- 10.1.1.6.1 Rest of APAC Plant Protein Market Breakdown, by Source
- 10.1.1.6.2 Rest of APAC Plant Protein Market Breakdown, by Type
- 10.1.1.6.3 Rest of APAC Plant Protein Market Breakdown, by Application
11. Company Profiles
- 11.1 E. I. Du Pont De Nemours and Company
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Archer Daniels Midland Company
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Kerry Group
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Koninklijke DSM N.V.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Axiom Foods, Inc.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Cargill, Incorporated
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Roquette Frères
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Ingredion Incorporated
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Glanbia plc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 10.1.1 Asia Pacific Plant Protein Market Breakdown, by Country
Summary:
Get latest Market Research Reports on Asia Pacific Plant Protein . Industry analysis & Market Report on Asia Pacific Plant Protein is a syndicated market report, published as Asia Pacific Plant Protein Market to 2027 - Regional Analysis and Forecasts by Source (Soy, Wheat, Pea, and Others); Type (Isolates, Concentrates, and Protein Flour); Application (Protein Beverages, Dairy Alternatives, Meat Alternatives and Meat Extenders, Protein Bars, Bakery, and Others), and Countries . It is complete Research Study and Industry Analysis of Asia Pacific Plant Protein market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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