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The Russian plant protein market is projected to grow at a CAGR of 12.12%, from US$411.855 million in 2020 to US$917.287 million in 2027. Plant proteins have been heralded as the new popular source of protein, signalling a shift away from traditional protein sources. Thus, various players in the food and beverage segment are marketing their products and simultaneously endeavoring to resonate with the
The North American plant protein market is projected to grow at a CAGR of 8.94%, from US$4,228.408 million in 2020 to US$7,700.240 million in 2027. Recent trends are leading the way towards a vegan society, which is being fueled by the growing trend of veganism in countries such as the US and Canada. Additionally, the risks of excess red meat consumption are slowly dawning upon people and making them more health-
The Peru plant protein market is projected to grow at a CAGR of 8.27%, from US$52.086 million in 2020 to US$90.866 million in 2027. Rapid industrialization and urbanization have led to an improvement in the availability of jobs and the accelerated development of the corporate sector, which has led to an increase in the income of the population and is allowing them to increase their expenditure due to the surge
The Philippines Plant Protein Market is set to reach USD 40.187 million in 2030, growing at a CAGR of 5.59% from a valuation of USD 23.316 million in 2020. Philippines Plant Protein Market Highlights Rising health consciousness fuels demand for plant-based proteins as sustainable alternatives.
The Singapore plant protein market is projected to grow at a CAGR of 4.27%, from US$4.794 million in 2020 to US$6.424 million in 2027. The consumption of premium protein products such as pea and soy-based protein is increasing among the younger population and middle-aged populations, which is being facilitated by the increased propensity to spend among the middle-income and lower-income populations due to the r
The Kenya plant protein market is projected to grow at a CAGR of 7.46%, from US$26.478 million in 2020 to US$43.818 million in 2027. There is a growing sense of realization among the Kenyan population that the world is stressed by the exponential growth of the population when it comes to food and beverage consumption, especially with regard to proteins that are derived from meat, poultry, fish, and dairy, despite
The German plant protein market is projected to grow at a CAGR of 6.57%, from US$368.873 million in 2020 to US$575.963 million in 2027. Plant protein has emerged as an excellent source of protein during the past few decades and is being increasingly integrated into the diet of the global population. Health drinks and fitness supplements, bakery and confectionery products, as well as functional beverages, are a fe
The France plant protein market is projected to grow at a CAGR of 6.26%, from US$276.426 million in 2020 to US$422.759 million in 2027. Plant protein is one of the prominent sources of protein that is increasingly finding its application in a variety of fields. One of the prime drivers of this market is the increasing adoption of a vegan lifestyle and vegetarian dietary patterns. Moreover, the health-conscious
The Mexico plant protein market is projected to grow at a CAGR of 9.79%, from US$367.871 million in 2020 to US$707.354 million in 2027. There is increasing concern among the younger population and adult populations in order to mitigate the threat of serious diseases such as cardiovascular diseases and obesity associated with the excess consumption of meat, which is the major component in Mexican food. This is cau
The Canadian plant protein market is projected to grow at a CAGR of 7.55%, from US$472.525 million in 2020 to US$786.585 million in 2027. The plant protein market in Canada is expected to surge on account of the increasing disposable income among the low-income and middle-income population, which is increasing their propensity to spend and allowing them to shift towards healthier and premium protein products such
Brazil’s plant protein market is projected to grow at a CAGR of 8.96%, from US$290.599 million in 2020 to US$529.978 million in 2027. There is a rising threat of suffering from serious diseases such as diabetes, and obesity due to the consumption of meat such as beef and pork, among others. This is resulting in increased awareness among the younger population and adult population in order to mitigate this
The China plant protein market is projected to grow at a CAGR of 7.44%, from US$555.441 million in 2020 to US$918.068 million in 2027. China holds the third position in life expectancy in the whole world, followed by Japan and the U.S., which is attributable to the decent food and beverage consumption practices and the growing adoption of plant-based protein in order to mitigate the threats associated with livi