Market Overview:
The global plant-based protein products market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing awareness about the health benefits of plant-based proteins and their rising demand from various application segments such as food, drinks, health care products, and others. On the basis of type, the global plant-based protein products market has been segmented into complete plant protein and incomplete plant protein. Incomplete plant proteins are expected to account for a larger share of the market in terms of value due to their lower price point as compared to complete plant proteins. On the basis of application, food accounted for a major share of the global Plant-Based Protein Products Market in 2017 owing to its high demand from consumers across all regions. Drinks is another key application segment for Plant-Based Protein Products Market with increasing adoption among consumers looking for healthier alternatives beverage options.
Product Definition:
Plant-based protein products are foods that contain significant levels of plant-based proteins. These products are often used as a source of protein for people who follow vegetarian or vegan diets, or those who have allergies to animal-based proteins. Plant-based protein products are also a good source of fiber and other nutrients.
Complete Plant Protein:
Complete plant protein is a food-grade ingredient that contains all the essential amino acids. It has high nutritional value and can be used in various food products such as meat analogues, dairy alternatives, functional foods & beverages and pet foods. Amino acids are considered complete proteins when they contain an adequate amount of the essential amino acid required by the human body for building muscle mass or repairing tissues at a cellular level.
The global market size was valued at USD 1.8 billion in 2016.
Incomplete Plant Protein:
Incomplete plant protein is a product that contains all the essential amino acids. It has high digestibility and bioavailability as compared to animal based proteins. In addition, it is easy to absorb and provides rapid nutrient delivery in human body which makes it highly preferable for use in food & beverage industry.
Application Insights:
Food application dominated the global market with a revenue share of over 40% in 2017. The increasing demand for meat alternatives, which provide essential amino acids and are also rich in proteins, is expected to drive the segment growth. Moreover, rising awareness among consumers about health benefits associated with plant-based protein products is likely to fuel industry expansion over the forecast period.
Drinks accounted for a significant share of 19% in 2017 owing to growing consumer preference for sports nutrition supplements and energy drinks. Growing health concerns coupled with rising disposable income levels have resulted in an increased consumption of these beverages across developing countries such as China and India. This trend is projected to continue over the forecast period thereby driving product demand globally during this timeframe.
Regional Analysis:
North America dominated the global market in 2017, accounting for a share of more than 35.0% owing to high consumer awareness about vegan diet and increasing health consciousness. Moreover, growing concerns over obesity are expected to boost the demand for plant-based protein products in this region during the forecast period. The U.S.
Asia Pacific is anticipated to witness significant growth over the forecast period due to rising disposable income levels coupled with improving living standards among middle class groups in countries such as China.
Growth Factors:
- Increasing awareness about the health benefits of plant-based proteins.
- Rising demand for healthy and sustainable food products.
- Growing popularity of vegan and vegetarian diets.
- Proliferation of meat-free options in restaurants and supermarkets.
- Increased investment in plant-based protein research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-based Protein Products Market Research Report
By Type
Complete Plant Protein, Incomplete Plant Protein
By Application
Food, Drinks, Health Care Products, Other
By Companies
Abbott, Danone, Hain Celestial, Nestle, Reckitt Benckiser Group, Abbott
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Plant-based Protein Products Market Report Segments:
The global Plant-based Protein Products market is segmented on the basis of:
Types
Complete Plant Protein, Incomplete Plant Protein
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, Drinks, Health Care Products, Other
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:
- Abbott
- Danone
- Hain Celestial
- Nestle
- Reckitt Benckiser Group
- Abbott
Highlights of The Plant-based Protein Products 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:
- Complete Plant Protein
- Incomplete Plant Protein
- By Application:
- Food
- Drinks
- Health Care Products
- Other
- 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-based Protein Products 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-based protein products are those that are made from plant-based ingredients, rather than animal-based ingredients. This can include items like tofu, seitan, tempeh, and legumes.
Some of the key players operating in the plant-based protein products market are Abbott, Danone, Hain Celestial, Nestle, Reckitt Benckiser Group, Abbott.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-based Protein Products Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Plant-based Protein Products Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plant-based Protein Products Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Plant-based Protein Products Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Plant-based Protein Products Market Size & Forecast, 2018-2028 4.5.1 Plant-based Protein Products Market Size and Y-o-Y Growth 4.5.2 Plant-based Protein Products Market Absolute $ Opportunity
Chapter 5 Global Plant-based Protein Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plant-based Protein Products Market Size Forecast by Type
5.2.1 Complete Plant Protein
5.2.2 Incomplete Plant Protein
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant-based Protein Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plant-based Protein Products Market Size Forecast by Applications
6.2.1 Food
6.2.2 Drinks
6.2.3 Health Care Products
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-based Protein Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plant-based Protein Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plant-based Protein Products Analysis and Forecast
9.1 Introduction
9.2 North America Plant-based Protein Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plant-based Protein Products Market Size Forecast by Type
9.6.1 Complete Plant Protein
9.6.2 Incomplete Plant Protein
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plant-based Protein Products Market Size Forecast by Applications
9.10.1 Food
9.10.2 Drinks
9.10.3 Health Care Products
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plant-based Protein Products Analysis and Forecast
10.1 Introduction
10.2 Europe Plant-based Protein Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plant-based Protein Products Market Size Forecast by Type
10.6.1 Complete Plant Protein
10.6.2 Incomplete Plant Protein
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plant-based Protein Products Market Size Forecast by Applications
10.10.1 Food
10.10.2 Drinks
10.10.3 Health Care Products
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plant-based Protein Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant-based Protein Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plant-based Protein Products Market Size Forecast by Type
11.6.1 Complete Plant Protein
11.6.2 Incomplete Plant Protein
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plant-based Protein Products Market Size Forecast by Applications
11.10.1 Food
11.10.2 Drinks
11.10.3 Health Care Products
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plant-based Protein Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant-based Protein Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plant-based Protein Products Market Size Forecast by Type
12.6.1 Complete Plant Protein
12.6.2 Incomplete Plant Protein
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plant-based Protein Products Market Size Forecast by Applications
12.10.1 Food
12.10.2 Drinks
12.10.3 Health Care Products
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plant-based Protein Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant-based Protein Products Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plant-based Protein Products Market Size Forecast by Type
13.6.1 Complete Plant Protein
13.6.2 Incomplete Plant Protein
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plant-based Protein Products Market Size Forecast by Applications
13.10.1 Food
13.10.2 Drinks
13.10.3 Health Care Products
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plant-based Protein Products Market: Competitive Dashboard
14.2 Global Plant-based Protein Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Danone
14.3.3 Hain Celestial
14.3.4 Nestle
14.3.5 Reckitt Benckiser Group
14.3.6 Abbott