The increasing instances of lactose intolerance and milk protein allergies will drive the adoption of plant based ingredients. The consciousness levels of consumers to incorporate nutritional components in their diets has stirred the need for sustainable and alternative options over dairy products.
Plant based ingredients are generally derived from vegetables, fruits, legumes, grains, nuts, as well as seeds and comprise numerous antioxidants and vitamins. They are also rich in calcium and are extensively consumed across the developed countries. The ingredients attract a lot of demand from the food, dietary supplements, infant foods, bakery, meat substitutes, and the animal feed sectors.
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As per a recent report compiled by Global Market Insights, Inc., global plant based ingredients market size will register a value beyond USD 13 trillion by 2025.
Health advantages of soy based components
The preference for soy based ingredients will garner remarkable prominence in the next few years owing to their higher content of protein. Apart from this, they lower the level of plasma cholesterol and assist in preventing cancer, diabetes, and obesity, as well as bowel and kidney diseases. Soy is one of the widely consumed plant-based ingredients and marks its presence in food components like cheese, miso, tempeh, drinks, tofu, salami, and vegetarian meat substitutes. It is also versatilely consumed in the form of infant formulas, flours, protein isolates and concentrates, and textured fibers.
Potential in the food & beverage sector
The application of plant based ingredients across the food & beverage industry will record prominent gains. This can be attributed to their excellent foaming properties as well as smooth and mild textures. The ingredients, such as oat, rice, coconut, soy, and almond are organic in nature, hence possess a mild and pleasant taste.
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They have a fortified or pure base and are suitable for use in pH-neutral and pH-acidic applications. Owing to these trends, plant based ingredients are used in the production of consumables like dairy-free fruity and functional drinks, desserts, coffee, tea, plain and flavored beverages, as well as ice-creams.
Major Reasons to buy Plant based ingredients Market Report:
– It Save time carrying out entry-level research by identifying the market size, growth rate, and top players in the Plant based ingredients market.
– Report provides porter’s Five Forces analysis to determine the competitive intensity and therefore attractiveness of the Plant based ingredients Industry.
– Provides Leading company profiles, contact information, financial status, reveal details of key market players five operations and financial performance.
– Report provides historical forecasts, current market status, and upcoming years Forecast till 2026
– Compares data from different regions like North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
Some of the important questions answered report provides:
– What will the market growth rate and future growth of the market?
– Which are the key factors driving the Plant based ingredients market?
– What was the size of the Plant based ingredients market by 2020?
– What will be the size of the Plant based ingredients market in 2026?
– Which segment will drive the overall Plant based ingredients market?
– Who are the Top 5 Players of market? What strategies they adopted to grow their business?
– Which region is expected to hold the highest market share in the Plant based ingredients market?
– What trends, challenges and risks will impact the development and sizing of the Plant based ingredients market?
– What is sales volume, revenue, and price analysis of top players of Plant based ingredients market?
– What are the Plant based ingredients market opportunities and threats faced by the vendors in the Plant based ingredients Industry?
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They are also coming up with new product developments to achieve a competitive advantage, even through the COVID-19 pandemic. For instance, in June 2020, Kerry Group launched 13 new and allergen-free plant-based options derived from pea, rice as well as sunflower protein sources.
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Related Report from Other Source: Plant-based Ingredients Market Will Cross $13 tn by 2025: Global Market Insights, Inc.
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