Market Overview:
The global plant protein market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plant-based proteins due to their health benefits and rising awareness about veganism and vegetarianism. In addition, the increasing demand for animal-free products is also propelling the growth of this market. The soy protein segment is expected to dominate the global plant protein market during the forecast period owing to its high nutritional value and health benefits. The wheat protein segment is projected to grow at a higher CAGR than other segments during the forecast period, as it has high nutritional value and offers various health benefits such as weight loss, improved digestion, and reduced cholesterol levels. In terms of application, food & beverages accounted for majority of the share in 2017 and is projected to maintain its dominance duringthe forecast period owingtoits growing popularity among consumers across all age groups.
Product Definition:
A plant protein is a type of protein that is found in plants. Plant proteins are generally considered to be incomplete, meaning that they do not contain all of the essential amino acids needed for human health. However, many plant proteins are high in lysine and other important nutrients, making them an important part of a healthy diet.
Soy Protein:
Soy protein is extracted from soybeans and has been used as a meat substitute in the food industry. Soy protein isolates are usually 90% to 95% pure soy protein, with no other ingredients mixed in. It can be consumed alone or added to numerous foods & beverages for nutritional benefits and taste masking purposes.
Wheat Protein:
Wheat protein is extracted from wheat and can be categorized as prolamins and glutelins. Prolamins are the majorly used products in various food & beverage applications such as meat analogues, dairy alternatives, nutritional supplements and bakery items. On the other hand, glutelins are extensively used in animal feed applications owing to their high amino acid content which helps promote livestock health.
Application Insights:
Food & beverage was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product has a rich source of protein which helps in muscle repair and maintenance. It also helps maintain metabolism, control blood sugar levels, reduce cholesterol level, enhance immunity and prevent several other diseases.
The food & beverage industry is growing at a rapid pace across the globe owing to increasing consumer awareness regarding healthy lifestyle practices coupled with rising health concerns regarding high calorie intake from fast foods and regular restaurants. Plant-based proteins help lose weight as well as improve heart health by reducing bad cholesterol level while maintaining good cholesterol levels. This factor is likely to propel demand for plant-based proteins over the forecast period in food & beverages applications globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, with developing countries such as China, India, Indonesia and Bangladesh contributing significantly to overall growth. Increasing disposable income levels coupled with rising consumer awareness regarding protein-rich food products are projected to drive demand from 2018 to 2030.
The Asia Pacific regional market is characterized by high product penetration due to increasing awareness among consumers about health benefits associated with plant-based proteins such as lower calorie level and fewer side effects compared to animal-based proteins. Furthermore, growing consumption of processed foods along with changing lifestyles has resulted in increased demand for dietary supplements which will further fuel industry expansion over the coming years.
North America accounted for a significant share of revenue in 2017 owing their large vegan population that prefers plant-derived sources of protein on account of ethical reasons or religious requirements (veganism).
Growth Factors:
- Increasing awareness about the health benefits of plant protein is driving the demand for plant-based proteins.
- Rising income levels and changing dietary habits are propelling the growth of the plant protein market.
- The increasing popularity of veganism and vegetarianism is boosting the demand for plant-based proteins.
- Growing concerns about food safety and quality are fueling the demand for plant-based proteins.
- The increasing use of plant-based proteins in food products is contributing to the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Protein Market Research Report
By Type
Soy Protein, Wheat Protein, Pea Protein, Others
By Application
Food & Beverages, Pharmaceuticals & Personal Care, Animal Feed, Others
By Companies
ADM, Cargill, DuPont, Kerry Group, Manildra, Roquette, Tereos, Axiom Foods, Cosucra, CHS, Glanbia Nutritionals, Glico Nutrition, Gushen Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Plant Protein Market Report Segments:
The global Plant Protein market is segmented on the basis of:
Types
Soy Protein, Wheat Protein, Pea Protein, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Pharmaceuticals & Personal Care, Animal Feed, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM
- Cargill
- DuPont
- Kerry Group
- Manildra
- Roquette
- Tereos
- Axiom Foods
- Cosucra
- CHS
- Glanbia Nutritionals
- Glico Nutrition
- Gushen Group
Highlights of The Plant Protein Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
- By Application:
- Food & Beverages
- Pharmaceuticals & Personal Care
- Animal Feed
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant Protein Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant protein is a type of protein that comes from plants. Plant proteins are often more affordable and environmentally friendly than animal-based proteins, and they can provide important nutrients for people.
Some of the key players operating in the plant protein market are ADM, Cargill, DuPont, Kerry Group, Manildra, Roquette, Tereos, Axiom Foods, Cosucra, CHS, Glanbia Nutritionals, Glico Nutrition, Gushen Group.
The plant protein market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Protein Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plant Protein Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant Protein Market - Supply Chain
4.5. Global Plant Protein Market Forecast
4.5.1. Plant Protein Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant Protein Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plant Protein Market Absolute $ Opportunity
5. Global Plant Protein Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plant Protein Market Size and Volume Forecast by Type
5.3.1. Soy Protein
5.3.2. Wheat Protein
5.3.3. Pea Protein
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plant Protein Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plant Protein Market Size and Volume Forecast by Application
6.3.1. Food & Beverages
6.3.2. Pharmaceuticals & Personal Care
6.3.3. Animal Feed
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plant Protein Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plant Protein Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plant Protein Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plant Protein Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plant Protein Demand Share Forecast, 2019-2026
9. North America Plant Protein Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plant Protein Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plant Protein Market Size and Volume Forecast by Application
9.4.1. Food & Beverages
9.4.2. Pharmaceuticals & Personal Care
9.4.3. Animal Feed
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plant Protein Market Size and Volume Forecast by Type
9.7.1. Soy Protein
9.7.2. Wheat Protein
9.7.3. Pea Protein
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plant Protein Demand Share Forecast, 2019-2026
10. Latin America Plant Protein Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plant Protein Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plant Protein Market Size and Volume Forecast by Application
10.4.1. Food & Beverages
10.4.2. Pharmaceuticals & Personal Care
10.4.3. Animal Feed
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plant Protein Market Size and Volume Forecast by Type
10.7.1. Soy Protein
10.7.2. Wheat Protein
10.7.3. Pea Protein
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plant Protein Demand Share Forecast, 2019-2026
11. Europe Plant Protein Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plant Protein Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plant Protein Market Size and Volume Forecast by Application
11.4.1. Food & Beverages
11.4.2. Pharmaceuticals & Personal Care
11.4.3. Animal Feed
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plant Protein Market Size and Volume Forecast by Type
11.7.1. Soy Protein
11.7.2. Wheat Protein
11.7.3. Pea Protein
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9.Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plant Protein Demand Share, 2019-2026
12. Asia Pacific Plant Protein Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plant Protein Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plant Protein Market Size and Volume Forecast by Application
12.4.1. Food & Beverages
12.4.2. Pharmaceuticals & Personal Care
12.4.3. Animal Feed
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plant Protein Market Size and Volume Forecast by Type
12.7.1. Soy Protein
12.7.2. Wheat Protein
12.7.3. Pea Protein
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plant Protein Demand Share, 2019-2026
13. Middle East & Africa Plant Protein Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plant Protein Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plant Protein Market Size and Volume Forecast by Application
13.4.1. Food & Beverages
13.4.2. Pharmaceuticals & Personal Care
13.4.3. Animal Feed
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plant Protein Market Size and Volume Forecast by Type
13.7.1. Soy Protein
13.7.2. Wheat Protein
13.7.3. Pea Protein
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plant Protein Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plant Protein Market: Market Share Analysis
14.2. Plant Protein Distributors and Customers
14.3. Plant Protein Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cargill
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kerry Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Manildra
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Roquette
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tereos
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Axiom Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cosucra
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CHS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Glanbia Nutritionals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Glico Nutrition
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Gushen Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
