KOS Naturals, an organic plant-based protein powder company, has highlighted the latest market analysis that shows the projected growth of the vegan protein industry for the next decade.
Jan 10, 2019 /prREACH/ -- Goleta, CA: KOS Naturals, an organic plant based protein powder company, has highlighted the latest market analysis that shows the projected growth of the vegan protein industry for the next decade.
According to a report released by Persistence Market Research titled “Plant-Based Proteins Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”, the plant based protein industry is set to see unprecedented growth over the next couple of years. The report is segregated as per different sources of protein including soy protein, wheat protein and pea protein; by form (such as isolate and concentrate); by application (supplements and nutritional powders, beverages, snacks, protein and nutritional bars, ‘dairy and meat’ products, infant neutron and animal feed); and by regions that spans Africa, Asia Pacific and Middle East, Europe , North America and Latin America.
The analysis states that the industry is poised to report a compound growth rate of 5.7% throughout the forecasted period of 2017-2025. In 2017, the global market was viewed at US$ 10.5 Bn and with this growth rate, it is estimated to reach a value of around US$ 16.3 Bn by the end of 2025.
The research paper has attributed these predictions to a number of factors, including “rising consumer awareness towards preventive healthcare, healthy aging, clean labelling… awareness regarding soy proteins that reduce effects of fatty liver disease, increasing use of soy proteins in sports nutrition… rising obesity rate driving high consumption of plant based proteins, plant based proteins being easier to digest than animal proteins can be used by any age group and the trend of on- the-go-healthy foods are driving the growth of the global plant-based proteins market.”