According to the research report titled ‘Plant Protein Ingredients Market for Food Application By Product By Product [Wheat, Soy {Soy Protein Concentrate, Soy Protein Isolate, Textured Soy Protein}, Pea {Pea Protein Concentrate, Pea Protein Isolate, Textured Pea Protein}, Rice {Rice Protein Concentrate, Rice Protein Isolate, Rice Protein Hydrolysate}, Others]), By Application (Sports Nutrition, Clinical Nutrition, Infant Nutrition, Bakery, Fortified Food & Beverages, Functional Food & Beverages), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Netherland, Belgium, China, India, Japan, South Korea, Malaysia, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global plant protein ingredients market is expected to surpass USD 8 billion by the year 2025.
 

According to the report, increasing concerns regarding animal welfare has led to rising consumption of vegan diets which in turn is driving the plant protein ingredients market growth. Excessive consumption of animal-based proteins can result in high cholesterol levels which can further cause cardiovascular diseases. Plant-based ingredients comprise of low saturated fats which can help reduce the risk of chronic diseases, thereby aiding the market expansion.
 

There has been an upsurge in consumption of functional food products such as fortified baked products, edible oils, nutrition bars, flaxseed, soy, and oats which is fueling plant protein ingredients market size. Moreover, favorable government regulations which encourage plant-based food products and shifting preferences towards balanced diet regimes are stimulating the industry outlook. However, fluctuating prices of raw materials of various plant ingredients coupled with varying regional weather conditions may hinder the output of crop yields which may negatively impact product supply. Advancements in technology in agricultural sector in order to maintain crop quality may help in addressing the supply deficit issues, thereby favoring the market outlook.
 

As per product type, the report cites that wheat-based plant protein ingredients market segment is expected to grow by 6% during the forecast period. Growing demand for multi-grain breads, shifting preferences towards healthy food, and increasing awareness pertaining to healthy lifestyle are fueling the segmental growth.
 

Based on the application spectrum, nutrition application segment in China is presumed to expand by 5% through 2025, primarily driven by rising adoption of the product to reduce the risk of heart disorders.

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On the other hand, the report states that the sports nutrition application in U.S. is expected to surpass USD 600 million by the year 2025. Increasing healthcare concerns has surged the number of fitness centers and health clubs across U.S. which in turn is propelling the segmental growth.
 

Meanwhile, bakery application of plant protein ingredients in Germany will cross USD 20 million by the year 2025. Increased pervasiveness of obesity has led to rising adoption of nutritional low carbs bakery goods which in turn is driving the growth of the market.
 

The prominent companies operating in the plant protein ingredients market are YT Biochem, Bioway Chaitanya Chemicals, Sonic Biochem, Prinova Group, Roquette, Medix Laboratories, Kerry Inc., PEVESA, Axiom food Inc., A&B Ingredients, Glanbia Nutritionals, Green Leaf Foods, and Cargill.