Allied Market Research published a new report, titled, “Protein alternatives Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Protein alternatives are the substitutes for animal-based protein. Based on the source, the protein alternatives market is broadly classified into plant protein, mycoprotein, algal protein, and insect protein. The increasing awareness about the consumption of health benefits offered by vegan food is stimulating the demand of protein alternatives. One can expect that the protein alternatives market will grow at a substantial rate during the forecast period.
Covid-19 Scenario Analysis
Export-import is at halt.
The closure of industries due to lockdown has not only hampered the scale of production but also the growth rate.
Online sales have started to provide convenience to the consumers.
The outbreak had given opportunity to the companies to opt for certain strategies and plan their business accordingly.
Companies covered
Cargill Incorporated, Archer Daniels Midland Company, DuPont Danisco, Kerry Group, Ingredion Incorporated, Roquette Foods , Proti-Farm Holding NV , Glanbia PLC , Corbion Biotech Inc., and Agriprotein Holdings Ltd.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The increasing concern of people toward a healthy lifestyle is boosting the growth of protein alternatives market. The increasing awareness about the vegan products is shifting the preference of people from animal protein to plant-based protein. The plant-based proteins are a healthy option for protein and provide similar benefits as the animal protein. Hence, they are widely used in the food & beverages industry. Along with this, increasing awareness about animal nutrition and rising number of pet grooming services have enabled the usage in animal feed. Alternative proteins like soy and pea protein are widely used in meat-free burgers and sausages. Also, plant-based proteins meet the standards of various food authorities. They have less chance of food-borne bacteria.
Also, increase in the number of e-commerce websites and the expansion of distribution channels has helped in creating transparency about the product.
New Product Launches to Flourish the Market
Key market players are introducing new products in the product line of alternative proteins so that the consumers get easily accustomed to. They are focusing on consumer satisfaction and brand loyalty and using this as a viable methodology to extend their global footprint. They are expanding their business through mergers & acquisitions, collaborations, and joint ventures. The investments in innovation & technology, continuous research & development, and product standardization are creating ample opportunities for the protein alternatives market.
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Key Benefits of the Report
This study presents the analytical depiction of the global protein alternatives market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global protein alternatives market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global protein alternatives market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global protein alternatives market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Protein Alternatives Market Research Report:
Which are the leading players active in the protein alternatives market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?
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Protein Alternatives Market. Research Report Provides:-
• Overview and analysis of market drivers, opportunities, restraints, threats, and challenges
• Overview and analysis of market segmentation
• Business strategies and expansion
• Market growth, share, distribution, and status on the regional and global platform
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According to a new report published by Allied Market Research, titled, “Fitness Equipment Market by Type, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global fitness equipment market size was $11.5 billion in 2019, and is projected reach $15.2 billion by 2026, registering a CAGR of 3.5% from 2020 to 2027Fitness equipment are widely used for physical fitness, weight management, and improving body stamina & muscular strength.
The commonly used fitness equipment are treadmills, stationary bicycles, stair climbers, and weightlifting machines.
However, counterfeiting of fitness equipment is a key restraining factor of the market.
On the contrary, upsurge in youth population, improved lifestyle, and rise in disposable income of individual in developing countries are anticipated to offer immense opportunities for the market players.
Ask for sample copy of this report@: https://www.alliedmarketresearch.com/request-sample/644An alarming rise in global obesity, especially in urban areas, supplements the growth of the fitness equipment market.
In 2016, world’s 39% of adults aged 18 years and above were overweight and 13% were obese.
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