Israel Plant Protein Market Size Study, by Source (Pea, Rapeseed, Soy, Hempseed, Others), by Form (Protein Concentrates, Protein Isolates, Protein Hydrolysate), by Application (Dietary Supplement, Food and Beverages, Pharmaceuticals, Animal Feed), by Dist

Israel Plant Protein Market Size Study, by Source (Pea, Rapeseed, Soy, Hempseed, Others), by Form (Protein Concentrates, Protein Isolates, Protein Hydrolysate), by Application (Dietary Supplement, Food and Beverages, Pharmaceuticals, Animal Feed), by Distribution Channel (Online, Offline), and Forecasts 2022-2032

Israel Plant Protein Market is valued at approximately USD 48.91 million in 2023 and is anticipated to grow with a healthy growth rate of more than 9.89% over the forecast period 2024-2032. Plant protein, derived from various sources such as legumes, grains, nuts, seeds, and vegetables, offers essential amino acids necessary for the body's growth and repair processes. As a sustainable and environmentally friendly alternative to animal protein, plant protein is gaining popularity for its numerous health benefits, including lower cholesterol and a reduced risk of heart disease. This segment is a crucial component in vegan and vegetarian diets and is increasingly utilized in various food products, supplements, and beverages to meet the growing demand for healthy, plant-based options.

The Israeli plant protein market is expected to flourish due to significant investments, active participation in research and development of plant-based protein alternatives, and supportive government regulations promoting plant-based diets. The growing demand for sustainable and environmentally friendly food sources, coupled with increasing consumer awareness of the health benefits associated with plant-based diets, is driving market growth. Moreover, the rising incidences of lactose intolerance and dairy allergies are further propelling the demand for plant-based protein products. Moreover, the market presents lucrative opportunities. Technological advancements in plant protein extraction and processing are paving the way for new and innovative products. The expansion into new markets and regions, along with the development of novel plant protein sources such as algae and insects, offers significant growth potential. However, the plant protein market faces certain challenges. The high cost of plant-based protein products compared to animal-based proteins and limited consumer acceptance and taste preferences pose significant hurdles. Additionally, achieving similar texture and flavor to animal-based proteins remains challenging. Supply chain issues and the availability of raw materials also affect market growth.

Key market players included in this report are:

InnovoPro

ChickP

Equinom

Givaudan

Stratasys

Yofix Probiotics

Vgarden

SimpliiGood

Phibro Animal Health Corporation

AlgaHealth

Aleph Farms

Rilbite

The detailed segments and sub-segment of the market are explained below:

By Source:
• Pea
• Rapeseed
• Soy
• Hempseed
• Others

By Form:
• Protein Concentrates
• Protein Isolates
• Protein Hydrolysate

By Application:
• Dietary Supplement
• Food and Beverages
• Pharmaceuticals
• Animal Feed

By Distribution Channel:
• Online
• Offline

Years considered for the study are as follows:
• Historical year: 2022
• Base year: 2023
• Forecast period: 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market

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