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Global Plant-based Protein Market Size is valued at USD 15.0 Billion in 2024 and is predicted to reach USD 29.8 Billion by the year 2034 at an 7.2% CAGR during the forecast period for 2025-2034.
Protein is a vital nutrient used for maintaining muscles and bones, as well as supporting the immune system, among other things. Plant-based diets offer a diversity of health benefits, including healthy weight, optimal health, and longevity. The amino acids within the protein are used to build and repair tissues necessary for infants and children's normal growth and development. Plant-based dietary patterns feature a widespread range of dietary regimens that are predominantly based on plant foods. Plant-based protein sources include soy, wheat, Pea, and other plant sources. Plant protein is low in saturated fat and cholesterol and is a good source of unsaturated fat, fibers, vitamins, and minerals.
At present times, people have started to pay more attention to their diet and health since the coronavirus outbreak. The Plant-Based Foods Association (PBFA) accounted for all plant-based sales during the third week of March, the beginning of most shutdowns in the U.S., was up 90% compared with the previous year, and still 27% higher a month later.
Growing consumption of plant-based food due to naturally occurring fibers, anti-inflammatory micronutrients, antioxidants, lower calorie counts, and increasing demand for high-protein content products are mainly driving the market growth. The rising consumer awareness about the health benefits of plant-based foods is further accelerating the market's growth. Growing demand for fat-free and low-fat protein sources along with an emerging shift towards food patterns to a more plant-based diet, is anticipated to show significant growth during the forecast period.
The Global Plant-based Protein market is categorized on the basis of Source, Type, Form and Application, and region. On the basis of Source, the market is segmented into Soy, Wheat, Pea, and Others. On the basis of Type, the market is segmented into Isolates, Concentrates, and Textured. Based on Form, the market is categorized into Dry and Liquid. Based on Application, the market is categorized into Foods and Beverage, Animal Feed, Nutrition and Health Supplements, and Pharmaceuticals. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. On the other hand, Asia-Pacific is expected to dominate the market during the analysis of the forecast period.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 15.0 Billion |
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Revenue Forecast In 2034 |
USD 29.8 Billion |
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Growth Rate CAGR |
CAGR of 7.2% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Source, By Type, By Form, By Deployment Mode |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Archer Daniels Midland Company , DSM, E.I. Dupont De Nemours and Company , Kerry Group , Cargill Inc., Glanbia plc., Wilmar International , Emsland Group , Puris , Cosucra Group, AMCO Proteins Company , Batory Foods , Roquette Freres , Ingredion Inc., Burcon Nutracience , Sotexpro, AGT Food & Ingredients , Beneo , Prolupin Gmbh , Aminola , Herblink Biotech Corporation , ET Chem , Shandong Jianyuan Group , The Greenlans LLC , Parabel , Corbion NV, Danone, Farbest Brands, Axiom Foods Inc. , NOW Foods , Tate & Lyle Plc, Crespel & Deiters GmbH & Co. KG, CHS Inc., and Other Prominent Players |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Plant-based Protein Market Snapshot
Chapter 4. Global Plant-based Protein Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Source Estimates & Trend Analysis
5.1. By Source & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Source:
5.2.1. Soy
5.2.2. Wheat
5.2.3. Pea
5.2.4. Others
Chapter 6. Market Segmentation 2: By Type Estimates & Trend Analysis
6.1. By Type & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Type:
6.2.1. Isolates
6.2.2. Concentrates
6.2.3. Textured
Chapter 7. Market Segmentation 3: By Form Estimates & Trend Analysis
7.1. By Form & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Form:
7.2.1. Dry
7.2.2. Liquid
Chapter 8. Market Segmentation 4: By Deployment Mode Estimates & Trend Analysis
8.1. By Deployment Mode & Market Share, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Deployment Mode:
8.2.1. Foods and Beverage
8.2.2. Animal Feed
8.2.3. Nutrition and Health Supplements
8.2.4. Pharmaceuticals
Chapter 10. Plant-based Protein Market Segmentation : Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Source, 2021 - 2034
10.1.2. North America Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Type, 2021 - 2034
10.1.3. North America Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Form, 2021 - 2034
10.1.4. North America Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2021 - 2034
10.1.5. North America Plant-based Protein Market revenue (US$ Million) estimates and forecasts by country, 2021 - 2034
10.2. Europe
10.2.1. Europe Plant-based Protein Market revenue (US$ Million) By Source, 2021 - 2034
10.2.2. Europe Plant-based Protein Market revenue (US$ Million) By Type, 2021 - 2034
10.2.3. Europe Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Form, 2021 - 2034
10.2.4. Europe Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2021 - 2034
10.2.5. Europe Plant-based Protein Market revenue (US$ Million) by country, 2021 - 2034
10.3. Asia Pacific
10.3.1. Asia Pacific Plant-based Protein Market revenue (US$ Million) By Source, 2021 - 2034
10.3.2. Asia Pacific Plant-based Protein Market revenue (US$ Million) By Type, 2021 - 2034
10.3.3. Asia Pacific Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Form, 2021 - 2034
10.3.4. Asia Pacific Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2021 - 2034
10.3.5. Asia Pacific Plant-based Protein Market revenue (US$ Million) by country, 2021 - 2034
10.4. Latin America
10.4.1. Latin America Plant-based Protein Market revenue (US$ Million) By Source, (US$ Million) 2021 - 2034
10.4.2. Latin America Plant-based Protein Market revenue (US$ Million) By Type, (US$ Million) 2021 - 2034
10.4.3. Latin America Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Form, 2021 - 2034
10.4.4. Latin America Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2021 - 2034
10.4.5. Latin America Plant-based Protein Market revenue (US$ Million) by country, (US$ Million) 2021 - 2034
10.5. Middle East & Africa
10.5.1. Middle East & Africa Plant-based Protein Market revenue (US$ Million) By Source, (US$ Million) 2021 - 2034
10.5.2. Middle East & Africa Plant-based Protein Market revenue (US$ Million) By Type, (US$ Million) 2021 - 2034
10.5.3. Middle East & Africa Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Form, 2021 - 2034
10.5.4. Middle East & Africa Plant-based Protein Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2021 - 2034
10.5.5. Middle East & Africa Plant-based Protein Market revenue (US$ Million) by country, (US$ Million) 2021 - 2034
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Archer Daniels Midland Company
11.2.2. DSM
11.2.3. E.I. Dupont De Nemours and Company
11.2.4. Kerry Group
11.2.5. Cargill Inc.
11.2.6. Glanbia plc.
11.2.7. Wilmar International
11.2.8. Emsland Group
11.2.9. Puris
11.2.10. Cosucra Group
11.2.11. AMCO Proteins Company
11.2.12. Batory Foods
11.2.13. Roquette Freres
11.2.14. Ingredion Inc.
11.2.15. Burcon Nutracience
11.2.16. Sotexpro
11.2.17. AGT Food & Ingredients
11.2.18. Beneo
11.2.19. Prolupin Gmbh
11.2.20. Aminola
11.2.21. Herblink Biotech Corporation
11.2.22. ET Chem
11.2.23. Shandong Jianyuan Group
11.2.24. The Greenlans LLC
11.2.25. Parabel
11.2.26. Corbion NV
11.2.27. Danone
11.2.28. Farbest Brands
11.2.29. Axiom Foods Inc.
11.2.30. NOW Foods
11.2.31. Tate & Lyle Plc
11.2.32. Crespel & Deiters GmbH & Co. KG
11.2.33. CHS Inc.
11.2.34. Other Prominent Players
Global Plant-based Protein Market by Source
Global Plant-based Protein Market by Type
Global Plant-based Protein Market by Form
Global Plant-based Protein Market by Deployment Mode
Global Plant-based Protein Market Based on Region
Europe
North America
Asia Pacific
Latin America
Middle East & Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
