According to the research report titled ‘Plant Protein Ingredients Market for Food Application By Product By Product, By Application (Sports Nutrition, Clinical Nutrition, Infant Nutrition, Bakery, Fortified Food & Beverages, Functional Food & Beverages), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global plant protein ingredients market is projected to accumulate USD 8 billion by the year 2025.
 

Increasing demand for functional food products, growing consumption of vegan diets, along with inclination towards balanced diet intake are spurring the growth of plant protein ingredients market. Additionally, shifting consumer preference to healthy diet regimens for reducing risk of diseases is another factor augmenting the market outlook.
 

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However, variation in the prices of raw materials, coupled with fluctuating regional weather conditions are acting as restraints for global plant protein ingredients market.
 

Based on product, the market sphere is segmented into soy, wheat, rice, and pea including others which are available in different forms like protein isolate, protein concentrate, textured protein, and protein hydrolysate. Speaking of application range, worldwide plant protein ingredients marketplace is divided into sports nutrition, infant nutrition, clinical nutrition, bakery, functional food & beverages, and fortified food & beverages among others.
 

As per regional framework, China plant protein ingredients market share from clinical nutrition application is anticipated to grow by 5% during the forecast period. While the U.S. market revenues from sports nutrition application is projected to surpass USD 600 million by the year 2025. Lastly, Germany market is expected to accrue USD 20 million from bakery application by the end of analysis timeframe.
 

Established firms in worldwide plant protein ingredients market sphere are YT Biochem Co. Ltd., Bioway Biological Technology Co. Ltd., Chaitanya Chemicals, Sonic Biochem Extraction Pvt. Ltd., Prinova Group LLC, Roquette Frères, Medix Laboratoires, Kerry Group plc, Pevesa Biotech S.A., Axiom Foods Inc., A & B Ingredients Inc., Glanbia Nutritionals Inc., Greenleaf Foods SPC, and Cargill Inc.