and The Scoular Company (US) – CRI Report https://www.cri-report.com market research vender! Sat, 10 Jul 2021 11:29:00 +0000 en-US hourly 1 https://www.cri-report.com/wp-content/uploads/2021/01/cropped-shcrilogo-c.jpg and The Scoular Company (US) – CRI Report https://www.cri-report.com 32 32 Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026 https://www.cri-report.com/global-plant-based-food-ingredients-market-research-report-forecast-till-2026/ Tue, 09 Feb 2021 06:05:37 +0000 https://www.cri-report.com/product/import-placeholder-for-mrfr210079/ According to statistics, the Global Plant-Based Food Ingredients Market is forecasted to exhibit a CAGR of 9.88% to reach USD 21,351.9 Million during the review period.

The post Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026 first appeared on CRI Report.

]]> Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026
Market Overview
According to statistics, the Global Plant-Based Food Ingredients Market is forecasted to exhibit a CAGR of 9.88% to reach USD 21,351.9 Million during the review period. The food ingredients obtained from plants are known as plant-based food ingredients. The ingredients are derived from fruits, vegetables, legumes, grains, nuts, and seeds such as pieces of bread, pasta, breakfast cereals, cooked and fermented vegetables and legumes, and fruit purées, juices, and jams. The rising popularity of vegetarian and vegan food is expected to fuel the growth of the global plant-based food ingredients in the future. However, the Covid-19 outbreak has impacted positively on the global plant-based ingredients market.
The global plant-based ingredients market is expected to witness healthy growth during the forecast period owing to the rising adoption of a healthy lifestyle among consumers. Today’s consumers are very health conscious and have realized the benefits of a healthy and plant-based diet. Moreover, the rising concerns of protecting animals, preserving the environment, general health issues, and changing taste preferences are fuelling the market growth during the review period. However, lack of sensory properties and allergic reactions associated with some plant protein sources are expected to hinder the market growth during the study period. Additionally, the rising trend of veganism due to increasing concerns regarding animal welfare, human health, and the environment are expected to propel the market over the forecast period.

Market Segmentation
The global plant-based food ingredients market has been classified into Source, Category, and Application.
Based on source, the global plant-based food ingredients market has been segmented into soy, pea, rice, almond, cashew, oats, coconut, and others. In terms of the Category segment, the global market has been divided into Organic and Conventional.
Based on Application Type, Global Plant-Based Food Ingredients Market has been classified into Plant-Based Milk & Derivatives, Bakery & Confectionery. In terms of Plant-Based Milk & Derivatives, the market is further categorized into Plant-Based Milk, Plant-Based Cheese, Plant-Based Ice Cream, Plant-Based Yogurt, Plant-Based Butter, and Others. The Bakery & Confectionery segment is further divided into Sweet & Savory Snacks, Meat Substitutes, RTE & RTC Meals, and Others.

Regional Analysis

Geographically, the Global Plant-Based Food Ingredients Market has been spread across North America, Europe, Asia Pacific, and the Rest of the world.
Europe accounted for a 35.37% share of the market in 2019 and it is projected to exhibit a CAGR of 9.97% during the review period. The regional market is driven by the growing demand for plant-based food ingredients. Additionally, the rising consumer preference towards organic and genetically modified (GM) free supply chains combined with a rising prevalence of vegetarian and vegan communities are expected to surge the market during the review period.
Key Players
Prominent Players in the Global Plant-Based Food Ingredients Market include Ingredion Inc. (US), Archer-Daniels-Midland Company (US), DuPont de Nemours, Inc. (US), Cargill Inc. (US), Puris Proteins, LLC (US), BI Nutraceuticals, Inc. (US), Olam International (Singapore), SunOpta Inc. (Canada), Döhler GmbH (Germany), and The Scoular Company (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026 first appeared on CRI Report.

]]>