This report describes the global market size of the Plant-based Protein Market from 2019 to 2022 and its CAGR from 2019 to 2023, and also forecasts its market size to the end of 2031 and is expected to grow with a CAGR of 8.6% from 2024 to 2031.
Due to the COVID-19 pandemic and the Russia-Ukraine War Influence, the global market for Plant-based Protein Market estimated at US $15.25 Billion in the year 2022, is projected to reach a revised size of US $ 29.41 Billion by 2031, growing at a CAGR of 8.6% during the forecast period 2024-2031.
The plant-based protein market refers to the production and distribution of proteins derived from plant sources, such as legumes (peas, lentils), grains (quinoa, rice), seeds (hemp, chia), and nuts. These proteins serve as alternatives to animal-based proteins, meeting the rising consumer demand for sustainable, ethical, and health-conscious food options. As more people adopt vegan, vegetarian, or flexitarian diets, driven by concerns about environmental sustainability, animal welfare, and personal health, the plant-based protein market has experienced significant growth. Plant-based proteins are used in a wide variety of products, including meat substitutes, dairy alternatives, protein bars, and beverages. Innovations in food technology have enhanced the texture, taste, and nutritional profile of plant-based proteins, making them more appealing to mainstream consumers. In addition to food applications, plant-based proteins are also gaining popularity in sports nutrition, where they serve as protein powders and supplements for athletes. This market is further propelled by increasing awareness of the health benefits of plant proteins, such as lower cholesterol, reduced risk of heart disease, and better digestion. Companies in this space are continuously innovating to produce high-quality, protein-rich products to meet diverse consumer preferences.
For the geography segment, regional supply, demand, major players, and price is presented from 2019 to 2031. This report covers the following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as the United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For the competitor segment, the report include global key players of Plant-based Protein Market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Source
Soy
Pea
Wheat
Rice
Hemp
Potato
Chia
Oats
Quinoa
Others
The plant-based protein market is driven by a variety of sources, each offering unique nutritional benefits and applications. Soy is one of the most popular plant-based protein sources due to its high protein content, versatility, and widespread availability. It is commonly used in products like tofu, tempeh, and meat substitutes. Pea protein has gained traction as a hypoallergenic alternative to soy, often used in protein powders, dairy alternatives, and meat substitutes, thanks to its neutral taste and texture-enhancing properties. Wheat protein, particularly in the form of seitan, is valued for its meat-like texture and is frequently used in vegan meat products. Rice protein is favored for its easy digestibility and is often combined with other plant proteins to create a more complete amino acid profile, making it a popular choice in protein powders and snacks. Hemp protein is rich in omega-3 fatty acids and fiber, making it a nutritious addition to smoothies and health foods. Potato protein, though less common, is recognized for its high digestibility and is increasingly being used in specialized food products. Chia seeds offer a plant-based protein source rich in omega-3s and are often used in health foods like puddings and energy bars.
Oats are another versatile source of plant-based protein, frequently incorporated into plant-based milk and snack products. Quinoa, a complete protein with all essential amino acids, is prized for its high nutritional value and is used in a variety of health-focused foods. Other sources like chickpeas, lentils, and fava beans also contribute to the expanding range of plant-based protein options, providing diverse nutritional profiles for various dietary needs.
By Type
Isolates
Concentrates
Textured Vegetable Protein (TVP)
Protein Hydrolysates
Flours
Blends
The plant-based protein market is categorized by different types, each with unique properties and uses in food production. Isolates are the purest form of plant protein, containing around 90-95% protein, and are commonly used in protein powders, meat substitutes, and fortified foods due to their high protein content and neutral flavor. Concentrates, on the other hand, contain slightly lower protein levels (70-85%) and retain more of the original plant's fiber, making them suitable for a variety of processed foods like beverages and snacks. Textured Vegetable Protein (TVP) is a highly processed form of plant protein, often derived from soy, that mimics the texture of meat when hydrated. It is widely used in meat substitutes like veggie burgers and sausages due to its chewy, fibrous texture. Protein hydrolysates are proteins broken down into smaller peptides, which enhances digestibility and absorption. They are commonly used in sports nutrition products and infant formulas where quick protein assimilation is important. Flours made from plant-based proteins such as pea, rice, or chickpea are used in baking, pasta, and snack foods, providing both protein content and structural support. Blends combine multiple plant proteins (e.g., pea and rice or soy and hemp) to achieve a more balanced amino acid profile and improve texture, taste, or functionality in food products. These different types allow manufacturers to tailor plant-based proteins to various consumer needs, from high-protein supplements to meat and dairy alternatives, driving the growth of the plant-based protein market.
By Distribution Channel
Supermarkets & Hypermarkets
Online Stores
Health Food Stores
Pharmacies & Drug Stores
Specialty Retail Stores
Vegan and vegetarian specialty shops
Direct-to-consumer Platforms
The distribution of plant-based proteins spans various channels, each serving different consumer preferences and accessibility needs. Supermarkets and hypermarkets play a major role in making plant-based proteins widely available to the mass market. They offer a range of products, from meat substitutes to plant-based snacks and protein powders, giving consumers easy access during their regular grocery shopping.
Online stores are rapidly growing as a key distribution channel, driven by the convenience of home delivery and a wider variety of niche products. Many consumers prefer purchasing plant-based protein products online due to the availability of product reviews, detailed nutritional information, and subscription services for regular deliveries. Health food stores cater to health-conscious consumers, offering a wide selection of plant-based proteins with a focus on organic, non-GMO, and high-nutrient options. Pharmacies and drug stores are increasingly stocking plant-based protein products, particularly supplements, protein powders, and bars, to meet the rising demand for health and fitness-oriented products. Specialty retail stores, which focus on organic and natural products, provide a curated selection of plant-based proteins. Vegan and vegetarian specialty shops cater specifically to plant-based consumers, offering a more extensive range of meat alternatives, dairy substitutes, and protein-rich products targeted at those following vegan or vegetarian diets. Finally, direct-to-consumer platforms have emerged as a popular channel, allowing brands to sell their products directly to customers through websites or apps. This enables companies to build stronger customer relationships, offer personalized recommendations, and create subscription models, further expanding the reach of plant-based proteins.
Key Players
Glanbia Plc.
Archer-Daniels-Midland Co.
Cargill Incorporation
Kerry Inc.
Burcon Nutrascience Corporation
E.I. du Pont de Nemours & Co.
Royal Avebe UA
Cosucra Groupe Warcoing
Ingredion Inc.
Corbion, Tate & Lyle Plc.
Please ask for sample pages for the full companies list
Base Year: 2023
Historical Data: from 2019 to 2023
Forecast Data: from 2024 to 2031
Any special requirements about this report, please let us know and we can provide custom report.
Global Cellular Products Market
Global Blue Light Therapy Device Market
Global Artificial Intelligence Based Blood Test Market
Global Digital Pills Market
Global POC Ultrasound Market
Global Needle-Free Blood Testing Market
Global Medical Tourism Market
Gummy Supplements Market
Software As a Medical Device (SaMD) Market
Canada Consumer Healthcare Market
Your phrase has been sent to nick's email. Once he takes action. you will be notified!
Stats And Research ™ Copyright © 2025 .
