Global Plant-based Protein Market Size, Share & Trends Analysis Report By Source, By Type, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2031
- Published Date : 2024-10-01
- Pages : 100
- Report Id : 40483
- Categories : Healthcare
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
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TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Parent/Associated Market Overview
3.1.1.Plant-based Protein Market Outlook
3.1.2.Plant-based Protein Market Overview
3.2. Effect of Covid-19 Impact
3.3. Macro-Economic Overview
3.3.1. GDP Growth
3.3.2. Retail Industry Growth
3.4. Pricing Analysis
3.5. Challenges related to adoption of Plant-based Protein Market
3.6. Regulations of Plant-based Protein Market
3.7. Forecast Factors: Relevance and Impact
3.8. Market Dynamics
3.8.1. Drivers
3.8.2. Restraints
3.8.3. Opportunity
3.8.4. Trends
3.8.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Plant-based Protein Market Value Chain Analysis
5.1.Plant-based Protein Market Value Chain
5.1.1. List of Raw Type Suppliers
5.1.2. List of Plant-based Protein Market Manufacturer
5.1.3. List of Segment
6. Global Plant-based Protein Market Analysis by Source
6.1. Introduction
6.1.1. Market Value Share Analysis By Source
6.1.2. Y-o-Y Growth Analysis By Source
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Source
6.3. Market Attractiveness Analysis by Source
7. GlobalPlant-based Protein Market Analysis By Type
7.1. Introduction
7.1.1. Market Value Share Analysis By Type
7.1.2. Y-o-Y Growth Analysis By Type
7.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
7.3. Market Attractiveness Analysis By Type
8. Market Structure Analysis
8.1. Market Analysis by Tier of Companies
8.1.1. By Large, Medium, and Small
8.2. Market Concentration
8.2.1. By Top 5 and by Top 10
8.3. Source ion Capacity Share Analysis
8.3.1. By Large, Medium, and Small
8.3.2. By Top 5 and Top 10
8.4. Source Roadmap
9. Competition Analysis
9.1. Competition Dashboard
9.2. Company Profiles (15 Companies)
9.2.1.Glanbia Plc.
9.2.1.1. Overview
9.2.1.2. Source Portfolio
9.2.1.3. Financial Overview
9.2.2.Archer-Daniels-Midland Co.
9.2.2.1. Overview
9.2.2.2. Source Portfolio
9.2.2.3. Financial Overview
9.2.3.Cargill Incorporation
9.2.3.1. Overview
9.2.3.2. Source Portfolio
9.2.3.3. Financial Overview
9.2.4. Kerry Inc.
9.2.4.1. Overview
9.2.4.2. Source Portfolio
9.2.4.3. Financial Overview
9.2.5. Burcon Nutrascience Corporation
9.2.5.1. Overview
9.2.5.2. Source Portfolio
9.2.5.3. Financial Overview
9.2.6.E.I. du Pont de Nemours & Co.
9.2.6.1. Overview
9.2.6.2. Source Portfolio
9.2.6.3. Financial Overview
9.2.7.Royal Avebe UA
9.2.7.1. Overview
9.2.7.2. Source Portfolio
9.2.7.3. Financial Overview
9.2.8.Cosucra Groupe Warcoing
9.2.8.1. Overview
9.2.8.2. Source Portfolio
9.2.8.3. Financial Overview
9.2.9. Ingredion Inc.
9.2.9.1. Overview
9.2.9.2. Source Portfolio
9.2.9.3. Financial Overview
9.2.10.Corbion, Tate & Lyle Plc.
9.2.10.1. Overview
9.2.10.2. Source Portfolio
9.2.10.3. Financial Overview
9.2.11.COMPANY 11
9.2.11.1. Overview
9.2.11.2. Source Portfolio
9.2.11.3. Financial Overview
9.2.12. COMPANY 12
9.2.12.1. Overview
9.2.12.2. Source Portfolio
9.2.12.3. Financial Overview
9.2.13. COMPANY 13
9.2.13.1. Overview
9.2.13.2. Source Portfolio
9.2.13.3. Financial Overview
9.2.14. COMPANY 14
9.2.14.1. Overview
9.2.14.2. Source Portfolio
9.2.14.3. Financial Overview
9.2.15. COMPANY 15
9.2.15.1. Overview
9.2.15.2. Source Portfolio
9.2.15.3. Financial Overview
10. Global Plant-based Protein Market Analysis By Region
10.1. Introduction
10.1.1. Market Value Share Analysis By Region
10.1.2. Y-o-Y Growth Analysis By Region
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
10.2.1. North America
10.2.2. Middle East and Africa
10.2.3. South America
10.2.4. Asia-Pacific
10.2.5. Others
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
10.3.1. North America
10.3.2. Middle East and Africa
10.3.3. South America
10.3.4. Asia-Pacific
10.3.5. Others
10.4. Market Attractiveness Analysis By Region
11. North America Plant-based Protein Market Analysis
11.1. Introduction
11.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.2.4. Rest of North America
11.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.3.1. U.S.
11.3.2. Canada
11.3.3. Mexico
11.3.4. Rest of North America
11.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Source
11.5. Current Market Size (USD Mn) Forecast 2023-2030 By Source
11.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
11.7. Current Market Size (USD Mn) Forecast 2023-2030 By Type
12. South America Plant-based Protein Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Brazil
12.3.2. Argentina
12.3.3. Rest of South America
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of South America
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Source
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Source
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Type
13. Europe Plant-based Protein Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Germany
13.3.2. Italy
13.3.3. France
13.3.4. Spain
13.3.5. U.K.
13.3.6. Rest of Europe
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Germany
13.4.2. Italy
13.4.3. France
13.4.4. Spain
13.4.5. U.K.
13.4.6. Rest of Europe
13.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Source
13.6. Current Market Size (USD Mn) Forecast 2023-2030 By Source
13.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
13.8. Current Market Size (USD Mn) Forecast 2023-2030 By Type
14. Middle East and Africa Plant-based Protein Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. Saudi Arabia
14.3.2. U.A.E.
14.3.3. South Africa
14.3.4. Turkey
14.3.5. Rest of Middle East and Africa
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. Saudi Arabia
14.4.2. U.A.E.
14.4.3. South Africa
14.4.4. Turkey
14.4.5. Rest of Middle East and Africa
15. Asia-Pacific Plant-based Protein Market Analysis
15.1. Introduction
15.2. Regional Pricing Analysis
15.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Singapore
15.3.6. Australia and New Zealand
15.3.7. Rest of Asia-Pacific
15.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
15.4.1. China
15.4.2. India
15.4.3. Japan
15.4.4. South Korea
15.4.5. Singapore
15.4.6. Australia and New Zealand
15.4.7. Rest of Asia-Pacific
i. Research Methodology
ii. Assumptions & Acronyms
LIST OF FIGURES
Figure 01: Global Plant-based Protein Market, BPS Analysis,By Source , 2018(H), 2023(E) & 2030(F)
Figure 02: Global Plant-based Protein Market, Y-O-Y Growth,By Source , 2020(A) - 2030(F)
Figure 03: Global Plant-based Protein Market Attractiveness Analysis,By Source (2020)
Figure 04: Global Plant-based Protein Market, BPS Analysis, By Type, 2018(H), 2023(E) & 2030(F)
Figure 05: Global Plant-based Protein Market, Y-O-Y Growth, By Type, 2018(H) - 2030(F)
Figure 06: Global Plant-based Protein Market Attractiveness Analysis, By Type
Figure 07: Global Plant-based Protein Market, Value Analysis,By Source , 2018(H)-2030(F)
Figure 08: Global Plant-based Protein Market, Value Analysis, by Type , 2018(H)-2030(F)
Figure 09: Global Plant-based Protein Market, BPS Analysis, by Region, 2018(H), 2023(E) & 2030(F)
Figure 10: Global Plant-based Protein Market, Y-O-Y Growth, by Region, 2018(H) - 2030(F)
Figure 11: Global Plant-based Protein Market Attractiveness Analysis, by Region
Figure 12: North America Plant-based Protein Market Value (USD Mn Forecast, 2018 – 2022
Figure 13: North America Plant-based Protein Market Value (USD Mn Forecast, 2023 – 2030
Figure 14: South America Plant-based Protein Market Value (USD Mn) Forecast, 2018 – 2022
Figure 15: South America Plant-based Protein Market Value (USD Mn) Forecast, 2023 – 2030
Figure 16: Europe Plant-based Protein Market Value (USD Mn) Forecast, 2018 – 2022
Figure 17: Europe Plant-based Protein Market Value (USD Mn) Forecast, 2023 – 2030
Figure 18: Middle East and Africa Plant-based Protein Market Value (USD Mn) Forecast, 2018 – 2022
LIST OF TABLES
Table 01: Global Plant-based Protein Market Value (USD Mn) Forecast, By Source , 2018(H) – 2030(F)
Table 02: Global Plant-based Protein Market Value (USD Mn) Forecast, By Type, 2018(H) – 2030(F)
Table 03: Global Plant-based Protein Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 04: North America Plant-based Protein Market Value (USD Mn) Forecast, by Country, 2018(H) – 2030(F)
Table 05: North America Plant-based Protein Market Value (USD Mn) Forecast,By Source , 2018(H) – 2030(F)
Table 06: North America Plant-based Protein Market Value (USD Mn) Forecast, By Type, 2018(H) – 2030(F)
Table 07: South America Plant-based Protein Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 08: South America Plant-based Protein Market Value (USD Mn) Forecast,By Source , 2018(H) – 2030(F)
Table 09: South America Plant-based Protein Market Value (USD Mn) Forecast, By Type, 2018(H) – 2030(F)
Table 10: Europe Plant-based Protein Market Value (USD Mn) and Forecast, by Country, 2018(H) – 2030(F)
Table 11: Europe Plant-based Protein Market Value (USD Mn) Forecast, By Source , 2018(H) – 2030(F)
Table 12: Europe Plant-based Protein Market Value (USD Mn) Forecast, By Type EndUser, 2018(H) – 2030(F)
Table 13: Middle East and Africa Plant-based Protein Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 14: Middle East and Africa Plant-based Protein Market Value (USD Mn) Forecast, By Source , 2018(H) – 2030(F)
Table 15: Middle East and Africa Plant-based Protein Market Value (USD Mn) Forecast, By Type, 2018(H) – 2030(F)
Table 16: Asia-Pacific Plant-based Protein Market Value (USD Mn) Forecast, by Country, 2018(H) – 2030(F)
Table 17: Asia-Pacific Plant-based Protein Market Value (USD Mn) Forecast, By Source , 2018(H) – 2030(F)
Table 18: Asia-Pacific Plant-based Protein Market Value (USD Mn) Forecast, By Type, 2018(H) – 2030(F)
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