The Europe plant protein market accounted for US$ 5,808.5 Mn in 2018 and is predicted to grow at a CAGR of 5.9% during the forecast period 2019 – 2027, to account for US$ 9,452.5 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.
In 2018, rest of Europe dominated the Europe plant protein market, followed by Germany. The Rest of Europe include Spain, Austria, Poland, Portugal, and Turkey. These regions have registered a slow yet remarkable growth in the production and consumption of plant protein. The demand for plant protein in the Rest of Europe is forecasted to rise due to growing investment in research and development by manufacturers along with the growing number of applications such as food and beverages, cosmetic and personal care, and others. Also, robust growth in product offerings is impacting the market growth in the Rest of Europe.
While, in Germany, the high-protein trend is gaining a strong foothold. The most important driver of the plant protein market in Germany is changing trends in the wellness lifestyle of consumers. The consumption of nutritional supplements and its related products has shown significant growth over the past few years. Other drivers that lead the plant protein market are increasing preference for vegan and vegetarian food products over meat products.
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Europe Plant Protein Strategic Insights
Strategic insights for the Europe Plant Protein provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
- E. I. Du Pont De Nemours and Company
- Archer Daniels Midland Company
- Kerry Group
- Koninklijke DSM N.V.
- Axiom Foods, Inc
- Cargill, Incorporated
- Roquette Frères
- Ingredion Incorporated
- Glanbia plc
Europe Plant Protein Regional Insights
The geographic scope of the Europe Plant Protein refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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