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North America Plant-based Protein Market (2025-2032)

The North America Plant-based Protein Market is expected to reach $11.32 billion by 2032, at a CAGR of 9.7% during the forecast period of 2025 to 2032.

Published
Jan 2025
Pages
130
Format
PDF + Excel
Report ID
MRFB - 104954
Base year
2024
Market size · USD billion · 2024–2032Forecast 2025–2032 · 9.7% CAGR
2032 · FORECAST
$11.32B
2032
$11.32B
CAGR 2025–2032
9.7%
$15B$11.25B$7.5B$3.75B0
2024
2025
'26
'27
'28
'29
'30
'31
'32

2024 baseline · 2025–2032 forecast at 9.7% CAGR · hover a bar for the value

Key highlights

01

In 2025, the Soy Proteins Segment is Expected to Account for the Largest Share of the North America Plant-based Protein Market

02

In 2025, the Organic Plant-based Protein Ingredients Segment to Witness the Highest Growth during the Forecast Period

03

In 2025, the Solid Form Segment is Expected to Account for the Largest Share of the North America Plant-based Protein Market

04

In 2025, the Nutrition & Health Supplement Segment to Witness Significant Growth during the Forecast Period

Report summary

ParticularsDetails
Base Year2024
Estimated Year2025
Forecast Period2025–2032
Market Size (2032)USD 11.32 billion
CAGR (2025–2032)9.7%
FormatPDF, Excel & Cloud Portal · 130 pages
Segments CoveredBy Type: Soy Protein Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Proteins, Other Types of Soy Protein, Vital Wheat Gluten, Wheat Protein Isolates, Hydrolyzed Wheat Protein, Textured Wheat Protein, Pea Protein Isolate, Pea Protein Concentrate, Textured Pea Protein, Pea Protein Hydrolysate, Pea Flour, Other Types of Pea Protein · By Crop Type: Non- Genetically Modified Organism (GMO) Crops, GMO Crops · By Source Process: Conventional Plant-Based Protein Ingredients, Organic Plant-Based Protein Ingredients · By Form: Solid (Dry), Liquid · By Application: Bakery & Confectionery, Dairy & Dairy Alternatives, Cereals and Snacks, Soups & Sauces and Savory & Prepared Food Products, Beverages, Other Products
Countries CoveredNorth America (U.S., Canada)
Key CompaniesFragrances Inc., Lyle PLC, Axiom Foods Inc., Burcon NutraScience Corporation, CHS Inc.

Report overview

Scope note

Segments covered: type, crop type, source process, form, application. Regions: North America.

The growth of this market is attributed to the growing demand for a protein-rich diet, rising consumer awareness regarding nutritional benefits offered by plant-based proteins, growing demand from food & beverage manufacturers, and advancement in ingredient technologies: microencapsulation. Additionally, increasing inclination towards a vegan diet and increasing intolerance for animal proteins offer significant growth opportunities for North America plant-based protein vendors. However, a significant preference for animal-based proteins and fluctuating raw material prices restrain the plant-based protein market growth.

Report infographic

North America Plant-based Protein Market
North America Plant-based Protein Market · Report infographic

Market dynamics

1 factors across 1 force
01

Growing Demand from Food & Beverage Manufacturers Boost the Demand for Plant-based Proteins in North America

Proteins are used in the food industry for both nutritional and functional reasons. Human uptake of proteins can be accomplished by consuming plant-based proteins. In recent years, a growing trend towards health and fitness has arisen due to increasing health awareness. This growing health awareness increases demand for food products that support better health, especially low-calorie, nutritious, and weight-control products. There is an increasing demand for functional food primarily due to the increasing prevalence of diseases, health awareness, nutritional requirements, and willingness to experiment with new products. As a result, the number of foodstuffs containing nutritional ingredients has grown distinctly in recent years. These consumer trends in North America are driving the growth of the functional food ingredients market, such as plant-based protein.

Protein is a key ingredient to enhance nutritional content in food and improve functionality. A protein's most important functional properties are its water solubility, water & fat binding capacity, gel-forming & rheological behaviors, and emulsifying & foaming ability. Also, plant-based protein is used in food applications to form gels, absorb juices during cooking, and for their whipping and binding properties. They form a key ingredient in creating food with consumer-winning claims like protein-rich and natural ingredients with an appealing sensory aspect of food, shelf life, and stability in many food applications.

In addition, due to health concerns, ethics, and sustainability, diets are changing among North American consumers. Around 10% of Americans over the age of 18 are vegetarian, 3% are vegan, and almost 40% are shifting toward eating more plant-based foods, according to Vegetarian Resource Group (2022). In the U.S. plant-based food market, some of the key players are focusing on researching and introducing next-generation protein-rich products, as consumers’ concern is shifting from regular to plant-based food. For instance, leading meat processors Tyson, Smithfield, Perdue, and Hormel have rolled out meat alternatives with plant-based burgers, meatballs, and chicken nuggets. Moreover, as of 2020, flexitarians in the U.S. are reducing their animal product consumption, which comprises about one-third of the U.S. population (Source: Danone North America).

Thus, increasing applications in a range of food products owing to its functional & nutritional properties, there is an increasing demand for plant-based protein from the food and beverages industry in North America.

Table of contents

13 chapters · 112 sections · 130 pages · click to expand
Review the full research scope before you buy. Chapters can also be purchased individually.

1.1Market Definition & Scope
1.2Market Ecosystem
1.3Currency & Limitations
1.4Key Stakeholders

Segmental analysis

SegmentLargest share (2025)Fastest growth (2025–2032)
By TypeSoy ProteinsPea protein
By Source ProcessConventional plant-based protein ingredientsOrganic plant-based protein ingredients
By FormSolid FormLiquid
By ApplicationFood and beveragesNutrition & health supplements
01

By Type

  • The Soy Proteins Segment is Expected to Account for the Largest Share of the North America Plant-based Protein Market
  • The soy protein segment is expected to account for the largest share of the North America plant-based protein market.
  • The large market share of this segment is attributed to increased demand from food and beverage manufacturers, higher consumer acceptance levels, lower cost than other types of proteins, and immense availability and functionality.
  • However, the pea protein segment is expected to register the highest CAGR during the forecast period due to its nutritional benefits and allergen-free, gluten-free, and lactose-free properties.
  • The Non-genetically Modified Organism Crops Segment is Expected to Account for the Largest Share of the North America Plant-based Protein Market
  • The non-genetically modified organism crops segment is expected to account for the largest share of the North America plant-based protein market.
  • The large market share of this segment is attributed to increased awareness about the harmful effects of genetically modified crops and the increased trend of clean-label products.
  • Moreover, this segment is also expected to grow at the fastest CAGR during the forecast period.
  • The rapid growth of this segment is mainly attributed to rising demand for eco-friendly, natural, and organic food products as well as stringent regulations for GM crops in North America.
CoversSoy Protein Soy Protein ConcentratesSoy Protein IsolatesTextured Soy ProteinsOther Types of Soy ProteinVital Wheat GlutenWheat Protein IsolatesHydrolyzed Wheat ProteinTextured Wheat ProteinPea Protein IsolatePea Protein ConcentrateTextured Pea ProteinPea Protein HydrolysatePea FlourOther Types of Pea Protein
02

By Source Process

  • The Organic Plant-based Protein Ingredients Segment to Witness the Highest Growth during the Forecast Period
  • The conventional plant-based protein ingredients segment is expected to account for the largest share of the North America plant-based protein market.
  • The large market share of this segment is attributed to lower prices than organic protein ingredients, longer shelf life, and availability of substantial crop varieties.
  • However, the organic plant-based protein ingredients segment is expected to grow at the fastest CAGR during the forecast period.
  • The rapid growth of this segment is mainly attributed to growing awareness regarding the health benefits of organic food products.
CoversConventional Plant-Based Protein IngredientsOrganic Plant-Based Protein Ingredients
03

By Form

  • The Solid Form Segment is Expected to Account for the Largest Share of the North America Plant-based Protein Market
  • The solid (dry) segment is expected to account for the largest share of the North America plant-based protein market.
  • The large market share of this segment is attributed to the growing demand for powdered plant-based proteins coupled with their rising preference considering ease of handling and transport, comparatively lower costs, low chance of formulation mistakes, and their capacity to maintain ingredient stability.
  • However, the liquid segment is expected to register the highest CAGR during the forecast period due to its improved shelf life, natural and fresh appeal, and versatility for various applications.
CoversSolid (Dry)Liquid
04

By Application

  • The Nutrition & Health Supplement Segment to Witness Significant Growth during the Forecast Period
  • The food and beverages segment is expected to account for the largest share of the North America plant-based protein market.
  • The large market share of this segment is attributed to high consumer demand for sustainable food products, growing awareness about the health benefits of plant proteins, increased health concerns over animal products and ingredients, increasing new product launches of plant-based products, increasing vegan population, rising meat prices, and clean label trend.
  • However, the nutrition & health supplements segment is expected to grow at the highest CAGR during the forecast period.
  • The rapid growth of this segment is mainly attributed to changing lifestyles, growing health & wellness trends, increasing demand for sports nutrition, and increasing prevalence of diseases.
CoversBakery & ConfectioneryDairy & Dairy AlternativesCereals and SnacksSoups & Sauces and Savory & Prepared Food ProductsBeveragesOther Products

Geographic analysis

01

North America

Fastest growth
U.S., Canada

Based on country, in 2025, the U.S. is expected to account for the largest share of the North America plant-based protein market. This country’s major market share is attributed to the well-established food and beverage sector, strong economic growth, increased consumption of meat products, increasing vegan population, growing demand for plant-based food, high focus on health & wellness, and improved research and development within the food sector. Moreover, this country is projected to register the highest CAGR during the forecast period. U.S.: Fastest-growing Market

Competitive landscape

Companies profiled (5)
  • Fragrances Inc.
  • Lyle PLC
  • Axiom Foods Inc.
  • Burcon NutraScience Corporation
  • CHS Inc.

Frequently asked questions

The North America plant-based protein market is projected to reach $11.32 billion by 2032, at a CAGR of 9.7% during the forecast period.

Cite this report

Meticulous Research. (2025). North America Plant-based Protein Market - Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRFB - 104954). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/north-america-plant-based-protein-market-5637

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