The Plant-based Protein Market is expected to reach $23.4 billion by 2028, at a CAGR of 9.7% during the forecast period of 2021 to 2028. Some of the major factors driving the growth of this market include growing demand for a protein-rich diet, growing health and wellness trend, increasing consumer focus on meat alternatives, growing demand from the F&B industry, and advancement in ingredient technologies: microencapsulation.
Additionally, increasing inclination towards a vegan diet, emerging economics such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing intolerance for animal proteins provide significant growth opportunities for plant-based protein manufacturers. However, a significant preference for animal-based proteins and fluctuating raw material prices hinder the growth of this market. On the other hand, increasing soy-free and gluten-free trends pose a great challenge to the global plant-based protein manufacturers.
Plant-based Proteins Industry Predictions in Light of COVID-19
The plant proteins industry has been vibrant at stepping up to the challenge. The shortage of traditional meat options on grocery store shelves presents a unique opportunity to accelerate the adoption of plant protein-based products. For the next couple of years, the meat processing industry is likely to decline as some large meat processing companies, such as Tyson and Smithfield plant closures due to outbreaks of COVID-19. There is a potential meat shortage looming. With the major meat manufacturers being hard hit, consumers are looking towards plant-based foods.
The demand for plant proteins has increased mainly due to the disruption of the traditional protein supply chain; however, which will not significantly reduce animal-based protein. Once the situation begins to normalize, out-of-home consumption will pick up again. The meat processing industry will also continue as before. These things will again reduce the sudden increase in sales to some extent. In such a situation, plant protein manufacturers need to re-enter their sourcing strategies, vindicate their product ranges, and access the flexibility and quickness of their supply chains as well as their route-to-market channels. E-commerce and distribution networks should be optimized and streamlined. Also, companies will be forced to reconsider their pricing and promotion strategies considering the impact of changing commodity prices and other costs-to-serve and increasing demand.
Increasing consumer focus on meat analog drives the growth of the plant-based proteins market
Over the past decade, there has been growing interest in the development and production of plant-based and cell-based alternatives to farmed meat. Meat alternatives are plant-based products that look and taste like meat and could potentially play a key role in stimulating dietary change. On a global basis, plant-based protein is of immense importance. There is growing interest in its ability to meet the rising demand for protein from non-meat sources, as a high level of meat consumption is increasingly being criticized due to ethical, environmental issues, and social reasons.
Processed meat, in general, is continuously being the target of several studies that aim to show the relationship between the consumption of these products and health concerns. The International Agency for Research on Cancer (IARC) has classified processed meat as a carcinogen that causes cancer and has classified red meat as a probable carcinogen, something that probably causes cancer. As a result, the American Cancer Society has recommended a diet limiting processed meat and red meat. The American Cancer Society Guidelines on Nutrition and Physical Activity for Cancer Prevention recommend choosing beans instead of red meat and processed meat. Plant-based meat alternatives are lower in saturated fat than meat (higher saturated fat intake is linked to increased risk of heart disease). They are made from plants and often contain fiber and a host of beneficial nutrients.
Plant-based meat substitutes have been identified as healthy sources of protein that, in comparison to meat, offer several social, environmental, and health benefits and may play a key role in reducing meat consumption.
Increasing soy-free and gluten-free trend challenges market growth
The “free-from” is one of the fastest-growing trends in niche foods. The gluten-free and soy-free diet has quickly become the fastest-growing nutritional movement, gaining popularity for their health and therapeutic benefits. The increase in soy-free and gluten-free food products is mainly attributed to a rise in food sensitivities, regional dietary preferences, an increase in the diagnosis of coeliac disease, and the idea of using food as medicine.
The USFDA issued a regulation that defined gluten-free for food labeling. The definition provided consumers, especially those with celiac disease, assurance that “gluten-free” claims on food products will be consistent and reliable across the food industry. It gave them a standardized tool for managing their health and dietary intake.
Thus, rising consumer preference towards soy-free and gluten-free food products across the globe challenges the soy protein and wheat protein market to some extent.
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Key Findings in the Global Plant-based Protein Market Study:
In 2021, the soy proteins segment is estimated to account for the largest share of the plant-based proteins market.
Based on type, the global plant-based proteins market is segmented into soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, and other plant-based proteins. In 2021, the soy protein segment is estimated to account for the largest share of the overall plant-based protein market. The leading position of this segment is mainly attributed to higher consumer acceptance level, presence of a large number of manufactures and their high scale of production, low cost than other types of plant proteins, easy availability of raw materials, and a large number of applications in various industries.
The soy proteins market is divided into soy protein isolates, soy protein concentrates, soy protein flour, and others. The soy protein concentrates segment is estimated to account for the largest share of the overall soy proteins market in 2021. This segment's large share is mainly attributed to its low cost than other types of soy protein and growing demand from the meat and animal feed industry.
The wheat proteins market is segmented into vital wheat gluten, wheat protein isolate, textured wheat protein, and hydrolyzed wheat protein. The vital wheat gluten segment is estimated to account for the largest share of the overall wheat proteins market in 2021. This segment's large share is mainly attributed to its increased usage in different products, including confectionery, bakery, dairy, nutritional supplements, and sports foods due to its easy availability, richness in proteins & minerals, and binding properties.
The pea proteins market is divided into pea protein concentrates, pea protein isolates, and others. The pea protein isolates segment is estimated to account for the largest share of the overall pea protein market in 2021. The large share of this segment is mainly attributed to its high protein content and high emulsification and stability properties.
The non-genetically modified crops segment to grow at the highest CAGR during the forecast period.
Based on crop type, the plant-based protein market is segmented into genetically and non-genetically modified organism crops. In 2021, the genetically modified organism crops segment is estimated to account for the largest share of the global plant-based protein market. The leading position of this segment is mainly attributed to the common use of GMO crops, such as soybean and corn, for plant-based protein production due to their huge productivity and cost-effectiveness.
However, non-genetically modified organism crops are expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the recent trend of preference for food products with non-GMO labels, rising demand for eco-friendly, natural, and organic food products, and stringent regulations for GM crops in Europe and Asia-Pacific.
The conventional plant protein segment is estimated to account for the largest share of the plant-based proteins market.
Based on source process, the plant-based protein market is segmented into organic and conventional plant-based protein ingredients. In 2021, the conventional plant-based protein ingredients segment is estimated to account for the largest share of the overall plant-based protein market. The leading position of this segment is mainly attributed to the high availability of crops grown through the traditional harvesting method (with the use of chemical fertilizers), easy accessibility to cost-effective conventional plant-based protein ingredients, their longer shelf life, and availability of substantial crop varieties. However, the organic plant-based protein ingredients segment is expected to grow at the highest CAGR during the forecast period.
The solid segment to witness the highest growth during the forecast period
Based on form, the plant-based protein market is segmented into solid and liquid. In 2021, the solid segment is estimated to account for the largest share of the global plant-based protein market. The large share of this segment is mainly attributed to the growing demand for powder plant-based protein 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.
The nutrition and health supplements segment to grow at the highest CAGR during the forecast period.
Based on application, the plant-based protein market is segmented into food and beverages, animal feed, nutrition & health supplements, pharmaceuticals, and others. In 2021, the food and beverages segment is estimated to account for the largest share of the overall plant-based protein market. However, the nutrition and health supplement segment is also expected to grow at the highest CAGR of 10.7% during the forecast period. The rapid growth of this segment is mainly attributed to changing lifestyles, growing health & wellness trends, and the increasing prevalence of diseases.
Based on application, the plant-based protein market for food and beverages is further segmented into meat, poultry, & seafood; bakery; meat analog; dairy & dairy alternatives; cereals and snacks; beverages; and others. In 2021, the meat, poultry, & seafood segment is estimated to account for the largest share of the overall plant-based protein market for food and beverages.
The large share of this market is mainly attributed to the increasing demand for plant proteins from the meat industry due to their fat & water binding and texturing properties and increasing meat manufacturers’ focus on reducing production costs. However, the meat analog segment is expected to grow at the fastest CAGR during the forecast period, mainly due to increasing health concerns over animal products and ingredients, increasing vegan population, and arising meat prices.
Asia-Pacific: Fastest-growing Regional Market
Based on region, North America is estimated to account for the largest share of the overall plant-based protein market. North America’s prominent position in the plant-based protein market is primarily attributed to the well-established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and growing health & wellness trend.
However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to growing protein-rich diet awareness, increasing health consciousness, growing technological advancements in the food & beverages industry, and increasing raw material availability.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the plant-based proteins market during this years. The key players profiled in the global plant-based proteins market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères Le Romain (France), Ingredion Incorporated (U.S.), Kerry Group (Ireland), DuPont de Nemours, Inc. (U.S.), Now Foods (U.S.), Tate & Lyle PCL (U.K.), Axiom Foods Inc. (U.S.), AMCO Protein (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (Germany), Glico Nutrition Co., Ltd (Japan), Glanbia plc (Ireland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International (Singapore), and CHS Inc. (U.S.).
Scope of the report
Plant-based Protein Market, by Type
Plant-based Protein Market, by Crop Type
Plant-based Protein Market, by Source Process
Plant-based Protein Market, by Form
Plant-based Protein Market, by Application
Plant-based Protein Market, by Geography
Key questions answered in the report:
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Currency
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Plant-based Protein Market, by Type
3.2.1.1. Soy Protein
3.2.1.2. Wheat Protein
3.2.1.3. Pea Protein
3.2.2. Plant-based Protein Market, by Crop Type
3.2.3. Plant-based Protein Market, by Source Process
3.2.4. Plant-based Protein Market, by Form
3.2.5. Plant-based Protein Market, by Application
3.2.5.1. Food and Beverages
3.3. Plant-based Protein Market: Regional Analysis
3.3.1. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Demand for a Protein-Rich Diet
4.2.2. Growing Health and Wellness Trend
4.2.3. Increasing Focus on Meat Alternatives
4.2.4. Growing Demand from the Food and Beverage Industry
4.2.5. Advancement in Ingredient Technologies: Microencapsulation
4.3. Restraints
4.3.1. Preference for Animal-based Protein
4.3.2. Fluctuating Raw Material Prices
4.4. Opportunities
4.4.1. Increasing Inclination Towards a Vegan Diet
4.4.2. Emerging Economies
4.4.3. Increasing Intolerance for Animal Proteins
4.5. Challenges
4.5.1. Increasing Soy-Free and Gluten-Free Trend
4.6. Trends
4.6.1. Increase in Investments in the Plant-based Food Business
5. Impact of Covid-19 on the Plant-based Protein Market
6. Plant-based Protein Market, by Type
6.1. Introduction
6.2. Soy Protein
6.2.1. Soy Protein Concentrates
6.2.2. Soy Protein Isolates
6.2.3. Textured Soy Proteins
6.2.4. Soy Flour, Grits, and Chunks
6.3. Wheat Protein
6.3.1. Vital Wheat Gluten
6.3.2. Wheat Protein Isolates
6.3.3. Hydrolyzed Wheat Protein
6.3.4. Textured Wheat Protein
6.4. Pea Protein
6.4.1. Pea Protein Isolates
6.4.2. Pea Protein Concentrates
6.4.3. Other Pea Protein
6.5. Canola Protein
6.6. Potato Protein
6.7. Rice Protein
6.8. Corn Protein
6.9. Other Proteins
7. Plant-based Protein Market, by Crop Type
7.1. Introduction
7.2. Genetically Modified Organism Crops
7.3. Non-Genetically Modified Organism Crops
8. Plant-based Protein Market, by Source Process
8.1. Introduction
8.2. Conventional Plant-based Protein Ingredients
8.3. Organic Plant-based Protein Ingredients
9. Plant-based Protein Market, by Form
9.1. Introduction
9.2. Solid (Dry)
9.3. Liquid
10. Plant-based Protein Market, by Application
10.1. Introduction
10.2. Food & Beverage
10.2.1. Meat, Poultry, & Seafood
10.2.2. Bakery
10.2.3. Meat Analogue
10.2.4. Dairy & Dairy Alternatives
10.2.5. Cereals and Snacks
10.2.6. Beverages
10.2.7. Other Food and Beverage Applications
10.3. Animal Feed
10.4. Nutrition and Health Supplements
10.5. Pharmaceuticals
10.6. Other Applications
11. Plant-based Protein Market, by Geography
11.1. Introduction
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.3. Europe
11.3.1. Germany
11.3.2. France
11.3.3. U.K.
11.3.4. Italy
11.3.5. Spain
11.3.6. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. Rest of Asia-Pacific
11.5. Latin America
11.6. Middle East & Africa
12. Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.3. Competitive Benchmarking
12.4. Market Share Analysis
13. Company Profiles
13.1. Archer-Daniels-Midland Company
13.2. Cargill, Incorporated
13.3. Roquette Frères Le Romain
13.4. Ingredion Incorporated
13.5. Kerry Group
13.6. Dupont De Nemours, Inc.
13.7. Now Foods
13.8. Tate & Lyle PLC
13.9. Axiom Foods Inc.
13.10. AMCO Proteins
13.11. Burcon NutraScience Corporation
13.12. Beneo Gmbh (Part of Südzucker Ag)
13.13. Glico Nutrition Co., Ltd.
13.14. Glanbia, Plc
13.15. Cosucra Groupe Warcoing SA
13.16. Sotexpro
13.17. Farbest Brands
13.18. Crespel & Deiters GmbH & Co. KG
13.19. Wilmar International
13.20. CHS Inc.
14. Appendix
14.1. Questionnaire
14.2. Available Customization
List of Tables
Table 1 Global Plant-based Protein Market Drivers: Impact Analysis (2021–2028)
Table 2 Global Plant-based Protein Market Restraints: Impact Analysis (2021–2028)
Table 3 Nominal Prices of Commodity, 2015-2020 (In USD/Tonne)
Table 4 Global Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 5 Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 6 Soy Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 7 Soy Protein Concentrate Market Size, by Country/Region, 2019–2028 (USD Million)
Table 8 Soy Protein Isolates Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9 Textured Soy Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 10 Soy Flour, Grits, and Chunks Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 11 Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 12 Wheat Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 13 Vital Wheat Gluten Market Size, by Country/Region, 2019–2028 (USD Million)
Table 14 Wheat Protein Isolates Market Size, by Country/Region, 2019–2028 (USD Million)
Table 15 Hydrolyzed Wheat Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 16 Textured Wheat Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 17 Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 18 Pea Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 19 Pea Protein Isolates Market Size, by Country/Region, 2019–2028 (USD Million)
Table 20 Pea Protein Concentrates Market Size, by Country/Region, 2019–2028 (USD Million)
Table 21 Others Pea Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 22 Canola Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 23 Potato Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 24 Rice Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 25 Corn Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 26 Other Plant-based Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 27 Global Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 28 Genetically Modified Organism Crops Market Size, by Country/Region, 2019–2028 (USD Million)
Table 29 Non-Genetically Modified Organism Crops Market Size, by Country/Region, 2019–2028 (USD Million)
Table 30 Global Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 31 Conventional Plant-based Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 32 Organic Plant-based Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 33 Global Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 34 Solid Plant-based Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 35 Liquid Plant-based Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 36 Global Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 37 Global Plant-based Protein Market Size for Food and Beverage, by Application, 2019–2028 (USD Million)
Table 38 Plant-based Protein Market Size for Food and Beverage, by Country/Region, 2019–2028 (USD Million)
Table 39 Plant-based Protein Market Size for Meat, Poultry, & Seafood, by Country/Region, 2019–2028 (USD Million)
Table 40 Plant-based Protein Market Size for Bakery, by Country/Region, 2019–2028 (USD Million)
Table 41 Plant-based Protein Market Size for Meat Analogue, by Country/Region, 2019–2028 (USD Million)
Table 42 Plant-based Protein Market Size for Dairy and Dairy Alternatives, by Country/Region, 2019–2028 (USD Million)
Table 43 Plant-based Protein Market Size for Cereals and Snacks, by Country/Region, 2019–2028 (USD Million)
Table 44 Plant-based Protein Market Size for Beverages, by Country/Region, 2019–2028 (USD Million)
Table 45 Plant-based Protein Market Size for Other Food and Beverage Applications, by Country/Region, 2019–2028 (USD Million)
Table 46 Plant-based Protein Market Size for Animal Feed, by Country/Region, 2019–2028 (USD Million)
Table 47 Plant-based Protein Market Size for Nutrition and Health Supplements, by Country/Region, 2019–2028 (USD Million)
Table 48 Plant-based Protein Market Size for Pharmaceuticals, by Country/Region, 2019–2028 (USD Million)
Table 49 Plant-based Protein Market Size for Other Applications, by Country/Region, 2019–2028 (USD Million)
Table 50 Global Plant-based Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 51 North America: Plant-based Protein Market Size, by Country, 2019–2028 (USD Million)
Table 52 North America: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 53 North America: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 54 North America: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 55 North America: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 56 North America: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 57 North America: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 58 North America: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 59 North America: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 60 North America: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 61 U.S.: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 62 U.S.: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 63 U.S.: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 64 U.S.: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 65 U.S.: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 66 U.S.: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 67 U.S.: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 68 U.S.: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 69 U.S.: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 70 Canada: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 71 Canada: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 72 Canada: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 73 Canada: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 74 Canada: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 75 Canada: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 76 Canada: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 77 Canada: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 78 Canada: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 79 Europe: Plant-based Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 80 Europe: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 81 Europe: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 82 Europe: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 83 Europe: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 84 Europe: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 85 Europe: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 86 Europe: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 87 Europe: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 88 Europe: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 89 Germany: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 90 Germany: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 91 Germany: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 92 Germany: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 93 Germany: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 94 Germany: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 95 Germany: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 96 Germany: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 97 Germany: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 98 France: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 99 France: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 100 France: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 101 France: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 102 France: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 103 France: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 104 France: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 105 France: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 106 France: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 107 U.K.: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 108 U.K.: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 109 U.K.: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 110 U.K.: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 111 U.K.: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 112 U.K.: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 113 U.K.: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 114 U.K.: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 115 U.K.: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 116 Italy: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 117 Italy: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 118 Italy: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 119 Italy: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 120 Italy: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 121 Italy: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 122 Italy: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 123 Italy: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 124 Italy: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 125 Spain: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 126 Spain: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 127 Spain: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 128 Spain: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 129 Spain: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 130 Spain: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 131 Spain: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 132 Spain: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 133 Spain: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 134 Rest of Europe: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 135 Rest of Europe: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 136 Rest of Europe: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 137 Rest of Europe: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 138 Rest of Europe: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 139 Rest of Europe: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 140 Rest of Europe: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 141 Rest of Europe: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 142 Rest of Europe: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 143 Asia-Pacific: Plant-based Protein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 144 Asia-Pacific: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 145 Asia-Pacific: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 146 Asia-Pacific: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 147 Asia-Pacific: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 148 Asia-Pacific: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 149 Asia-Pacific: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 150 Asia-Pacific: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 151 Asia-Pacific: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 152 Asia-Pacific: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 153 China: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 154 China: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 155 China: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 156 China: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 157 China: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 158 China: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 159 China: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 160 China: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 161 China: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 162 Japan: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 163 Japan: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 164 Japan: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 165 Japan: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 166 Japan: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 167 Japan: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 168 Japan: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 169 Japan: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 170 Japan: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 171 India: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 172 India: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 173 India: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 174 India: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 175 India: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 176 India: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 177 India: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 178 India: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 179 India: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 180 Australia: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 181 Australia: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 182 Australia: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 183 Australia: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 184 Australia: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 185 Australia: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 186 Australia: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 187 Australia: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 188 Australia: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 189 Rest of Asia-Pacific: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 190 Rest of Asia-Pacific: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 191 Rest of Asia-Pacific: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 192 Rest of Asia-Pacific: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 193 Rest of Asia-Pacific: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 194 Rest of Asia-Pacific: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 195 Rest of Asia-Pacific: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 196 Rest of Asia-Pacific: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 197 Rest of Asia-Pacific: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 198 Latin America: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 199 Latin America: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 200 Latin America: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 201 Latin America: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 202 Latin America: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 203 Latin America: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 204 Latin America: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 205 Latin America: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 206 Latin America: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 207 Middle East & Africa: Plant-based Protein Market Size, by Type, 2019–2028 (USD Million)
Table 208 Middle East & Africa: Soy Protein Market Size, by Type, 2019–2028 (USD Million)
Table 209 Middle East & Africa: Wheat Protein Market Size, by Type, 2019–2028 (USD Million)
Table 210 Middle East & Africa: Pea Protein Market Size, by Type, 2019–2028 (USD Million)
Table 211 Middle East & Africa: Plant-based Protein Market Size, by Crop Type, 2019–2028 (USD Million)
Table 212 Middle East & Africa: Plant-based Protein Market Size, by Source Process, 2019–2028 (USD Million)
Table 213 Middle East & Africa: Plant-based Protein Market Size, by Form, 2019–2028 (USD Million)
Table 214 Middle East & Africa: Plant-based Protein Market Size, by Application, 2019–2028 (USD Million)
Table 215 Middle East & Africa: Plant-based Protein Market Size for Food and Beverages, by Application, 2019–2028 (USD Million)
Table 216 Total Number of Recent Developments, by Company (2018–2021)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 In 2021, the Soy Protein Segment to Dominate the Market
Figure 8 Non-Genetically Modified Crops Segment to Grow at the Highest CAGR During the Forecast Period
Figure 9 In 2021, the Conventional Plant Proteins Segment to Account for the Largest Share of the Market
Figure 10 The Solid Segment to Witness the Highest Growth During the Forecast Period
Figure 11 Food and Beverage Segment Is Estimated to Account for the Largest Market Share in 2021
Figure 12 Global Plant-based Protein Market Scenario, by Geography, 2021
Figure 13 Market Dynamics
Figure 14 Global Plant-based Protein Market Size, by Type, 2021–2028 (USD Million)
Figure 15 Soy Protein Market Size, by Type, 2021–2028 (USD Million)
Figure 16 Wheat Protein Market Size, by Type, 2021–2028 (USD Million)
Figure 17 Pea Protein Market Size, by Type, 2021–2028 (USD Million)
Figure 18 Global Plant-based Protein Market Size, by Crop Type, 2021–2028 (USD Million)
Figure 19 Global Plant-based Protein Market Size, by Source Process, 2021–2028 (USD Million)
Figure 20 Global Plant-based Protein Market Size, by Form, 2021–2028 (USD Million)
Figure 21 Global Plant-based Protein Market Size, by Application, 2021–2028 (USD Million)
Figure 22 Global Plant-based Protein Market Size for Food and Beverage, by Application, 2021–2028 (USD Million)
Figure 23 Global Plant-based Protein Market Size, by Region, 2021–2028 (USD Million)
Figure 24 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 25 Plant-based Protein Market: Competitive Benchmarking, by Type
Figure 26 Global Plant-based Protein Market Share Analysis, by Key Players (2021)
Figure 27 Archer-Daniels-Midland Company: Financial Overview (2020)
Figure 28 Cargill, Incorporated: Financial Overview (2020)
Figure 29 Roquette Frères Le Romarin: Financial Overview (2020)
Figure 30 Ingredion Incorporated: Financial Overview (2020)
Figure 31 Kerry Group: Financial Overview (2020)
Figure 32 Dupont De Nemours, Inc.: Financial Overview (2020)
Figure 33 Tate & Lyle PLC: Financial Overview (2021)
Figure 34 Burcon NutraScience Corporation: Financial Overview (2020)
Figure 35 Südzucker AG: Financial Overview (2020)
Figure 36 Ezaki Glico Co., Ltd.: Financial Overview (2020)
Figure 37 Glanbia, Plc: Financial Overview (2020)
Figure 38 Wilmar International: Financial Overview (2020)
Figure 39 CHS Inc.: Financial Overview (2020)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Sep-2023
Published Date: Sep-2023
Published Date: Aug-2023
Published Date: Aug-2023
