Plant-Based Protein Market Size, Share, Trends, Growth Outlook

Plant-Based Protein Market is estimated to increase at a growth rate of 7.1% CAGR over the forecast period from 2024 to 2030.

The Plant-Based Protein Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Form (Isolates Protein, Concentrates Protein, Protein Flour), Source (Soy, Wheat, Pea, Others), Application (Beverages, Nutrition Supplements, Food Industry, Sports Nutrition, Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, Others).

An Introduction to Plant-Based Protein Market, 2024

Plant-Based Protein: The market for plant-based protein is driven by the increasing popularity of vegetarian, vegan, and flexitarian diets, along with the demand for sustainable protein sources. Drivers include the adoption of plant-based protein sources like pea, soy, hemp, or quinoa to meet the protein requirements of consumers seeking meat alternatives or protein supplements. The growth of the plant protein market is influenced by the shift towards environmentally friendly and ethically sourced protein options.

Plant-Based Protein Market Trend: Surging Demand for Plant-Based Protein in Various Food Products

The plant-based protein market is experiencing a prominent trend with the surging demand for plant-based protein across various food products. As consumers increasingly adopt plant-based diets for health, sustainability, and ethical reasons, there is a notable rise in the inclusion of plant-based protein in a wide range of food items beyond traditional meat substitutes. This trend is reshaping the market landscape, prompting food manufacturers to incorporate plant-based protein into diverse products such as snacks, beverages, cereals, and baked goods, reflecting a significant shift in consumer preferences towards plant-centric protein sources.

Plant-Based Protein Market Driver: Health-Conscious Consumers Seeking Sustainable and Ethical Protein Alternatives

A significant driver in the plant-based protein market is the growing number of health-conscious consumers seeking sustainable and ethical protein alternatives. With an increasing awareness of the health benefits associated with plant-based diets, coupled with concerns about the environmental impact and ethical considerations related to conventional animal agriculture, consumers are actively seeking plant-based protein sources. This driver propels market growth as individuals adopt plant-based protein for various reasons, including personal health goals, environmental sustainability, and animal welfare, driving manufacturers to expand and innovate their plant-based protein product offerings to meet the evolving preferences of health-conscious and socially aware consumers.

Plant Based Protein Market Opportunity: Expansion into Convenient and Ready-to-Eat Plant-Based Protein Products

An opportunity within the plant-based protein market lies in the expansion into convenient and ready-to-eat plant-based protein products. Manufacturers can capitalize on this opportunity by developing a range of convenient options, such as plant-based protein bars, snacks, and ready-to-eat meals. Meeting the demand for convenient and plant-based protein-rich foods aligns with the busy lifestyles of consumers seeking quick and nutritious alternatives. This opportunity allows companies to tap into a broader consumer base, attracting those looking for convenient and plant-based options without compromising on taste, nutrition, or sustainability.

Plant-Based Protein Market Segmentation

Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
 

Plant-Based Protein Companies Profiled in the Study-

Cargill Incorporated
Archer Daniels Midland Company (ADM)
DuPont de Nemours, Inc.
Glanbia plc
Kerry Group plc
Tate and Lyle PLC
Ingredion Incorporated
Burcon NutraScience Corporation
Koninklijke DSM N.V.
Sotexpro S.A.
Axiom Foods, Inc.
The Scoular Company LLC
Victoria Group
Halcyon Proteins Pty. Ltd.
Roquette Frères S.A.
PlantFusion Inc.
Bühler Group
Koyo Mercantile Co., Ltd.
Griffith Foods Inc.
Garden of Life LLC

Reasons to Buy the Plant-Based Protein Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Plant-Based Protein Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Plant-Based Protein Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction To 2024 Plant Based Protein Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Plant Based Protein Market Size Outlook, $ Million, 2021 to 2030
3.2 Plant Based Protein Market Outlook by Type, $ Million, 2021 to 2030
3.3 Plant Based Protein Market Outlook by Product, $ Million, 2021 to 2030
3.4 Plant Based Protein Market Outlook by Application, $ Million, 2021 to 2030
3.5 Plant Based Protein Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Plant Based Protein Industry
4.2 Key Market Trends in Plant Based Protein Industry
4.3 Potential Opportunities in Plant Based Protein Industry
4.4 Key Challenges in Plant Based Protein Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Plant Based Protein Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Plant Based Protein Market Outlook by Segments
7.1 Plant Based Protein Market Outlook by Segments
Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

8 North America Plant Based Protein Market Analysis and Outlook To 2030
8.1 Introduction to North America Plant Based Protein Markets in 2024
8.2 North America Plant Based Protein Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Plant Based Protein Market size Outlook by Segments, 2021-2030
Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

9 Europe Plant Based Protein Market Analysis and Outlook To 2030
9.1 Introduction to Europe Plant Based Protein Markets in 2024
9.2 Europe Plant Based Protein Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Plant Based Protein Market size Outlook by Segments, 2021-2030
Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

10 Asia Pacific Plant Based Protein Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Plant Based Protein Markets in 2024
10.2 Asia Pacific Plant Based Protein Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Plant Based Protein Market size Outlook by Segments, 2021-2030
Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

11 South America Plant Based Protein Market Analysis and Outlook To 2030
11.1 Introduction to South America Plant Based Protein Markets in 2024
11.2 South America Plant Based Protein Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Plant Based Protein Market size Outlook by Segments, 2021-2030
Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

12 Middle East and Africa Plant Based Protein Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Plant Based Protein Markets in 2024
12.2 Middle East and Africa Plant Based Protein Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Plant Based Protein Market size Outlook by Segments, 2021-2030
Form
Isolates Protein
Concentrates Protein
Protein Flour

Source
Soy
Wheat
Pea
Others

Application
Beverages
Nutrition Supplements
Food Industry
Sports Nutrition
Others

Distribution Channel
Supermarkets and Hypermarkets
Convenience Store
Online
Others

List of Companies
Cargill Incorporated
Archer Daniels Midland Company (ADM)
DuPont de Nemours, Inc.
Glanbia plc
Kerry Group plc
Tate and Lyle PLC
Ingredion Incorporated
Burcon NutraScience Corporation
Koninklijke DSM N.V.
Sotexpro S.A.
Axiom Foods, Inc.
The Scoular Company LLC
Victoria Group
Halcyon Proteins Pty. Ltd.
Roquette Frères S.A.
PlantFusion Inc.
Bühler Group
Koyo Mercantile Co., Ltd.
Griffith Foods Inc.
Garden of Life LLC

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Form/brIsolates Protein /brConcentrates Protein /brProtein Flour/br/brSource/brSoy /brWheat /brPea /brOthers/br/brApplication/brBeverages /brNutrition Supplements /brFood Industry /brSports Nutrition /brOthers /br/brDistribution Channel/brSupermarkets and Hypermarkets /brConvenience Store /brOnline /brOthers