Plant-based Protein Market to Gain Valuation of US$ 22.7 Bn by 2031, Finds TMR Study

Plant-based Protein Market to Gain Valuation of US$ 22.7 Bn by 2031, Finds TMR Study

PR Newswire

ALBANY, N.Y., Jan. 12, 2022

Growing awareness on importance of a strong immune system amid COVID-19 pandemic is driving people to healthy and protein-rich diet. This factor is boosting sales growth in the market

Rise in trend of consuming vegetarian food and veganism is projected to work in favor of the plant-based protein market

ALBANY, N.Y., Jan. 12, 2022 /PRNewswire/ -- The global plant-based protein market is expected to attract growth at a CAGR of 5.7% during the forecast period of 2021 to 2031, states a study by Transparency Market Research (TMR).

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The emergence of the COVID-19 outbreak has highlighted the importance of a good immune system. Thus, health-conscious population across the globe is adopting healthy and protein-rich diet. This factor is fueling the demand for plant-based protein. Hence, players in the plant-based protein market are increasing their focus on strengthening their online and offline distribution channels in order to cater to the rising demand for products such as pea proteins, wheat proteins, and soy proteins during the coronavirus pandemic.

The plant-based protein market is estimated to be driven by the expansion of the eCommerce industry. Furthermore, several industry leaders are strengthening their online presence in order to attract a high number of consumers. Such efforts are leading to revenue-generation opportunities in the global plant-based protein market. 

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Plant-based Protein Market: Key Findings

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Plant-based Protein Market: Growth Boosters

Plant-based Protein Market: Regional Analysis

Plant-based Protein Market: Competition Landscape

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Plant-based Protein Market: Key Players

Some of the key players profiled in the report include:

Plant-based Protein Market Segmentation

Product Type

Form

Application

Regions

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