The global dairy alternative market is expected to grow at a CAGR of 14.17% over the forecast period to reach a total market size of US$39.991 billion by 2025, increasing from US$18.057 billion in 2019.Growing consumer preference for a vegan diet coupled with the rising cases of lactose intolerance is expected to drive the growth of the market during the forecast period. However, the availability of substitute coupled with the raw material price volatility is anticipated to restrain the growt Read more...
The pet food ingredients market is projected to grow at a CAGR of 5.97 % to reach US$17.281 billion by 2025, from US$12.204 billion in 2019. There are quite a few aspects that have led to the comprehension of the importance of pet food which in turn has steered the pet owners to carefully select the same. This cognizance is indirectly leading to a growing demand for the pet food ingredients by pet food manufacturers. Being one of those few categories of products that are not Read more...
The pea protein market is projected to grow at a CAGR of 15,04 % to reach US$840.048 million by 2025, from US$362.375 million in 2019. The Health and wellness aspiration of consumers across the world is increasingly influencing the food and beverage consumption. Further, the growing trend of a perceived need to reduce meat consumption and increase the inclusion of alternatives to meat in the regular diet is another aspect that is contributing to the purchasing proclivities of an informed Read more...
Middle East and Africa plant protein market is projected to grow at a CAGR of 9.95% during the forecast period. In June 2019, DuPont Nutrition & Biosciences announces the debut of naturally sourced GRINDSTED® PLANT-TEX egg white replacement system for plant-based meat alternatives suitable for anyone wanting to reduce their consumption of meat and able to obtain a vegan claim. It is also reported to cater to the ever-growing change in consumer’s mindset toward a health Read more...
Nigeria plant protein market is projected to attain a market size of US$37.695 million in 2025. As per the National Library of Medicine (NLM), approximately 65 percent of the human population has a reduced ability to digest lactose after infancy. Lactose intolerance is also very common in people of West African decent among others. This is one of the aspects that is poised to drive the Nigerian plant protein market growth. It is because the more the health-conscious consumers turn away f Read more...
Kenya plant protein market is estimated to grow at a CAGR of 10.20% till 2025. There is a growing sense of realization among the Kenyan population that the world is stressed by the exponential growth of population when it comes to food and beverage consumption especially with regards to proteins that are derived from meat, poultry, fish, and dairy, despite the fact that it also known that these sources have proved to be an optimal source of development. According to FAO, global meat prod Read more...
South Africa plant protein is estimated to be valued at US$67.472 million in 2019 and aniticpated to show good growth opportunities during the forecast period. Primarily an emerging economy, South Africa is experiencing an excitement in various segments and the plant-based protein market is no is exception. Thus, the disruption of existing players and the growth of new product segment is poised to take place at a much faster pace outranking all the traditional preferences of protein sour Read more...
Egypt plant protein market is projected to grow at a CAGR of 11.12% during the forecast period. Egypt has undergone many changes in the recent years and their consumption patterns are the ones that have brought about a considerable revolution in unprecedented ways that has resulted in gradual upshot in plant-based products which are inclusive of but limited to dietary supplements, food, and beverages, pharmaceuticals as well as animal feed. Moreover, the rising awareness of exigencies th Read more...
Turkey plant protein market is estimated to grow to a market size of US$56.124 million in 2025. The market pertaining to plant-based protein in turkey is poised to be propelled by the growing preference for plant-based dietary patterns and the shift away from the traditional source of protein like meat and dairy. Moreover, the growing consensus among today’s generation is the sustainable consumption and the policymakers are also increasingly eager towards creating an environm Read more...
Israel protein market is valued at US$49.463 million in 2019 and is projected to grow rapidly during the forecast period. In the MEA regions Israel is a nation that has given rise to and are still fueling plethora of innovation development towards bring about a sustainable means of production of food. Further, their increasing young population are also keen on adhering to the good ness of plant when comes to nourishment. To this extent it should be noted that in October 2019, Israel Chem Read more...
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