by The global vegan protein market is experiencing robust growth, driven by a surge in consumer awareness of the health benefits of plant-based protein, particularly in the wake of rising cases of cardiovascular diseases, diabetes, obesity, and other lifestyle disorders. Vegan protein, rich in essential amino acids and free from animal products, is gaining popularity as a staple in peoples diets. Research indicates that eliminating the added hormones often found in animal products can contribute to reducing the risk of diseases like breast and prostate cancer.
One of the key drivers of the vegan protein market is the growing global awareness of the importance of a healthy diet and lifestyle. As more individuals focus on regular exercise and adhere to strict diets, there has been a notable increase in the consumption of vegan protein-based foods. This shift is underpinned by the understanding that plant-based protein is not only healthier but also more easily absorbed by the body than animal-based protein.
Cardiovascular diseases, which continue to rise globally, are a significant factor contributing to the demand for vegan protein. According to the World Health Organization (WHO), cardiovascular diseases account for an estimated 32% of all deaths worldwide, with a substantial portion occurring in low- and middle-income countries. With concerns about the high lipid profile of animal protein, individuals are increasingly turning to plant-based alternatives to support heart health.
Obesity, attributed to sedentary lifestyles and poor dietary choices, is another pressing health issue. According to the WHO, approximately 1.9 billion people worldwide are overweight, with 650 million adults classified as obese. The growing number of obesity-related chronic diseases, including cardiovascular disease and diabetes, is driving the adoption of plant-based proteins, further propelling the expansion of the vegan protein market.
Within the vegan protein market, the isolate segment is poised to dominate due to its high protein concentration and versatile applications in various food products, including beverages, infant foods, and specialized diets. The rising awareness of health issues related to malnutrition and obesity, coupled with increased promotion of natural plant-based proteins, is fueling the growth of this segment.
North America is expected to capture the largest share of the vegan protein market, driven by the presence of significant manufacturers and a burgeoning vegetarian trend. The United States, in particular, is witnessing a remarkable growth in the adoption of vegan protein/plant-based diets, with nearly 10 million Americans embracing these dietary choices.
The Asia Pacific region is projected to experience the fastest growth in the vegan protein market, driven by rising health consciousness, technological advancements in the food and beverage industry, and increased availability of raw materials. China, with its large population and growing awareness of sustainable food choices, is expected to be a key driver of plant protein demand in the coming years.
Several leading players in the vegan protein market, such as Archer Daniels Midland Company (ADM), Cargill, DuPont, and Puris, are investing in research and innovation to meet the rising demand for plant-based protein products.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/vegan-protein-market
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This press release first seen on Brilad
COMTEX_442051253/2840/2023-10-18T00:03:31
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.