Plant-Based Protein Market: By Source (Soya, Wheat, Pea, and Others), By Forms (Isolate, Concentrates, and Hydrolysates), By Application (Nutritional products, Bakery, Supplement, Cereals, Diary, Deserts, and other), By End User (Animal feed, Food and Beverages, Personal care, and Others), and Geography

Plant-Based Protein Market size was valued at USD 12,568.5 million in 2022 and expected to grow USD 14563.6 million in 2029, growing at an 5.6% CAGR from 2023 to 2029. The plant-based protein segmented by the source which is soya, wheatgrass products , pea and other, these products help to different nutraceutical to provide plant based raw material to manufacture supplement. As increase in the health awareness, people are shifting towards various other supplement which drive the market across the world. The increase in the promotional health leads to create new opportunity in market which makes key players to expand their business in the market. While taking plant-based protein people are getting some allergies with the protein which is the major restraints in the market.  

Plant-Based Protein Market Key Developments:
In April 2022, Cargill announced the expansion of its “Radipure Pea Protein” product offering to the Middle East, Turkey, Africa and Indian market to meet the demand for pea protein as an alternative source of animal-based protein.
In July 2021, Israel-based ChickP Ltd. announced its protein isolates can work as 1:1 plant-based alternatives for egg yolk in mayonnaise and salad dressings.