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2019 Plant Based Ingredients Market Overview, Industry Trends, Statistics, Analysis and Forecast

Author : Rahul Sankrityayan | Published Date : 2019-06-14 

Global Market Insights, Inc. has launched a report on Plant Based Ingredients Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

An increase in awareness about animal health among animal feed manufacturers and farmers will surge the demand for plant based ingredients since these help to improve the livestock growth efficiency. There has also been a surge in the demand for dietary and sports supplements owing to their high nutritional specifications in contrast with other synthetic proteins. Additionally, the demand graph incorporates the rising requirement from various health and fitness centers, creating commendable growth opportunities, which will drive the expansion of plant based ingredients market in the years to come.

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The plant based ingredients market has recently been growing at a remarkable pace, characterized by the rising preference towards non-meat diets, along with the robust demand for nutritional content. A rise in the consumer consciousness on high fiber and allergen-free food products has pushed them towards milk substitutes for delivering essential protein requirement, which in turn will propel the plant based ingredients market.

Escalating demand for chemical-free products has raised the usage of plant based ingredients in the cosmetic industry, pertaining to the anti-aging properties of these ingredients. There has also been a spurt of requirement for natural skincare products owing to a rise in health concerns due to synthetic chemicals. The rising demand for nutrient rich feed as well as increasing awareness about healthy eating among consumers will steer the growth map of the overall plant based ingredients market.

Consumers in recent times have also been paying more attention to the label claims while buying food products. This has led to an increase in the demand for natural ingredient based product due to their high level of protein, thereby augmenting the growth of plant based ingredients market.

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The dietary supplements sector is expected to emerge as one of the most profitable application avenues for plant based ingredients market. Undeniably, this growth could be credited toward the escalating health awareness and the aging population across the globe. An increase in the awareness about the multitude of benefits of minimally-processed, natural supplements over synthetic supplements will also help impel the plant based ingredients market size from dietary supplements in the years ahead.

U.S. potato-based ingredients market demand from animal feed application may witness significant gains at over 5% during the forecast period. Increasing awareness about animal health eating and rising demand for nutrient rich feed for consumers & animals may drive the overall market. Consumers are paying more attention towards label claims while purchasing food products which has led to increasing natural ingredients product demand owing to their high protein level thereby boosting plant-based ingredients market growth.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/plant-based-ingredients-market

China soy-based ingredients market demand is expected to witness growth rate at over 6.5% by the end of forecast period. High processed meat and dairy have increased the risk of developing diabetes and cancer which has enhanced the demand of natural and less processed products diets. Changing public preference towards meat substitutes is likely to drive the plant based ingredients market growth.

Cargill, ProVeg International, BI Nutraceuticals and PURIS are major industrial participants in plant-based ingredients market. Companies are focusing to focusing to increase their business by collaborating and partnerships with strong focus on R&D to increase product portfolio.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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