According to the business intelligence report,’ Ingredients Market for Plant Based Food & Beverages Size By Product (Probiotics [Lactobacilli, Bifidobacterium, Streptococcus, Bacillus] Proteins & Amino Acids [Proteins, L-Glutamate, Lysine, Methionine, Threonine, Tryptophan] Phytochemicals & plant extracts [Carotenoids, Flavonoids, Phytosterols] Prebiotics [FOS, Inulin, GOS, MOS] Specialty carbohydrates, Fatty acids [Omega 3, Omega 6, Omega 7, Omega 9] Vitamin [Vitamin A, Vitamin D, Vitamin K, Vitamin E, Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B7, Vitamin B12, Vitamin C] Minerals [Zinc, Magnesium, Calcium, Iron] Enzymes [Proteases, Lipases, Carbohydrases {Amylases, Xylanases, Cellulases, Pectinases, Lactases} Polymerases & Nucleases, Phytases, Catalyses] Fibers [Soluble and Insoluble] Food texturants[ Hydrocolloids, Emulsifiers, Stabilizers), By Application (Plant-based Milk & Derivatives, Bakery & Confectionery, Sweet & Savory Snacks, Plant-based juices, RTD Tea & Coffee, RTE & RTC Meals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2021- 2027’, available with MarketStudyReport, the ingredients market for plant based food and beverages is slated to register a robust growth rate through 2027.

Decisive findings by experts cite that mounting demand for healthy nutritional foods is a primary factor augmenting the growth of ingredients market for plant-based food and beverages.

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Notably, a plant-based diet is known to reduce the risk of diabetes, cardiovascular diseases, and aid weight management. Rapid increase in consumers opting for a vegan lifestyle is likely to improve product uptake in the forthcoming years.

Despite the positive industry outlook, standardization issues and stringent regulations with respect to omega 3 claims in nutritional foods may hamper the progress over the forecast period.

Moving on to probiotics segmentation, the bacillus sub-segment is expected to garner a substantial valuation of around USD 2.5 million by 2027.

In terms of proteins and amino acids, the lysine sub-segment of global plant based food and beverages ingredients market is slated to amass a renumeration of USD 6.5 million by 2027. Meanwhile, the methionine sub-segment is anticipated to accumulate a valuation of USD 12.5 million by the end of 2027.

Speaking of prebiotics, the others segment, which includes chicory fructons, xylo-oligosaccharides (XOS) and oligosaccharides, is expected to record a stable growth rate of over 19.3% during the analysis timeframe.

Considering fatty acids, the omega 7 segment is expected achieve a sizable value of USD 610 million by 2027.

The vitamins product segment is expected to garner a valuation of USD 22.5 million by 2027. Under vitamins, the vitamin D sub-segment is expected to reach a valuation of USD 6.5 million by 2027.

From the perspective of application, the bakery & confectionary segment is expected to capture a revenue share of around USD 340 million by the end of the study period owing to a surge in demand for cookies, chocolates, breads, sugar confectionary, gums and others.

Geographically, Latin America ingredients market for plant based food and beverages is slated to amass a valuation of USD 260 million by the end of 2027, attributable to high demand for nutritional food products in the area.

Meanwhile, Middle East and Africa is likely to record a substantial growth rate of more than 19.5% during the forecast timeline due to mounting cases of lactose intolerance as well as surging popularity of veganism in the region.

Ajinomoto Co. Inc., Tate & Lyle PLC, Sugarlogix, A&B Ingredients Inc., Stratum Nutrition, Cargill Inc., Nutra Food Ingredients LLC, Foodchem International Corporation, Prinova Group LLC, Roquette Freres, Ingredion Inc., Koninklijke DSM NV, BASF SE, DuPont Nutrition & Biosciences, Archer Daniels Midland Company, and Beneo GmbH are the major players in ingredients market for plant based food and beverages.