Increased Consumer Health Consciousness
One of the driving forces for the plant protein market is the surging consumer interest in health and wellness. People are becoming highly aware of the connection between their eating habits & chronic disease, prompting a shift toward plant-based alternatives. For example, as per the U.S. Centers for Disease Control & Prevention (CDC), heart disease is a top cause of death, and dietary modifications, such as decreased use of red meat, are a frequent prescription. This increased awareness is driving demand for plant proteins, which are perceived as being associated with lower levels of saturated fat and cholesterol.
Sustainability & Environmental Issues
The growing global awareness of the environmental impact of animal farming is driving the growth of the plant-based protein market. Livestock rearing is a significant contributor to greenhouse gas emissions and imposes substantial pressures on land & water resources. Statistics from the Food & Agriculture Organization of the United Nations (FAO) consistently highlight the environmental footprint of traditional protein production. Customers, motivated by ethical and environmental concerns, are increasingly choosing plant-based protein sources, which tend to be more resource-efficient and have a smaller carbon footprint, thereby promoting market development.
Innovation in Product Formulations and Applications
The ongoing innovation of plant protein formulations to enhance flavor, texture, and nutritional value is expected to create new market opportunities. This involves creating new ingredients and processes that can easily blend plant proteins into broader categories of food and beverages beyond historic meat and dairy substitutes. For instance, advances in fermentation technology are facilitating the development of more natural and appetizing cultured meats and plant-based cheeses, thereby expanding consumer attraction and market share.
Growing Markets and Alternative Protein Sources
Emerging economies, where rising disposable incomes and dietary trends are creating new bases of consumers, are generating new growth opportunities for the market. Expanding into new conventional soy & pea proteins and identifying innovative sources such as fava beans, chickpeas, and algae offers tremendous opportunities. The Food and Agriculture Organization of the United Nations (FAO) estimates that population expansion will continue, especially in developing countries, which opens up a massive future market for diversified, sustainable protein options. Diversification also addresses allergen concerns and offers unique nutritional benefits, thereby further expanding the market.
Plant-based Protein Market Segment Analysis
Based on Product Type, the market is segmented into Soy Protein, Wheat Protein, Pea Protein, and Others. The Soy Protein is the largest product segment in the market. It holds a dominant market share due to its well-established presence, affordability, and functional versatility in various food applications, including meat alternatives, dairy substitutes, and nutritional supplements. Its leadership is also due to its balanced, complete amino acid profile, making it a highly valued protein source among manufacturers as well as consumers seeking a wholesome, plant-based alternative. The Pea Protein segment is the fastest-growing in the market and is expected to expand at a CAGR of 13.5% through the forecast period. Its speedy growth is attributed to its allergen-free profile (free from key allergens such as soy and gluten), bland flavor, and superior nutritional advantages, including a balanced amino acid profile comparable to that of soy. This makes it a top choice for the dietary sensitive and an attractive ingredient for food companies formulating clean-label and health-focused products.
The following Key Market Indicators present a comprehensive overview of the social and economic landscape of the selected region, offering critical insights into market-specific trends and developments. These indicators, combined with data from government statistics, industry associations, and corporate sources, form the analytical foundation of NextGen Intelligence Stats' market models.
| Aspects | Details |
Base Year
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2024 |
Historic Data
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2021-2023 |
Forecast Period
|
2025-2035 |
Regions & Countries Covered
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North America (United States, Canada), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), Asia Pacific (China, Japan, South Korea, India, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East& |
Companies Profile
|
|
Segmentation Level Customization
|
|
Company Level Customization
|
|
Country level Data Customization
|
Segmental volume analysis Pricing Analysis of Product Company Market Share |
October 2024: Ingredion Inc. made a more than $100 million investment in its Indianapolis flagship plant. The investment will enhance the reliability and operating efficiency of the facility, serving the company's global Texture & Healthful Solutions business unit, which produces a range of plant-based protein ingredients.
September 2024: Cargill Incorporation launched a new corn milling plant. This addition enhances Cargill's capacity to meet the growing demand for safe and high-quality food solutions, including ingredients derived from corn that can be utilized in plant-based protein products.
August 2024: Archer-Daniels-Midland Co. (ADM) announced the expansion of soy protein concentrate production capacity. The growth stems from increased demand for alternatives to meat and other plant-based food ingredients, reinforcing ADM's leadership position as a supplier of plant-based protein ingredients.
The Plant-based Protein market is highly competitive, with numerous major players consistently working to capture a larger market share. Companies such as Archer-Daniels-Midland Co. (ADM), Cargill Inc., Glanbia Plc., and Kerry Inc. are utilizing their deep R&D strengths and international distribution networks to bring to market a variety of plant-based protein ingredients and finished foods. Strategic alliances, mergers, and acquisitions significantly contribute to the competitive environment as companies strive to expand their product offerings and geographic reach. For instance, collaborations between food companies and ingredient suppliers are typical for creating new uses for plant protein. Focus continues to be placed on enhancing the sensory qualities of plant-based proteins, such as texture and flavor, to appeal to a broader range of consumers, while also achieving scalability and cost-effectiveness that match those of traditional animal proteins. This keeps the environment in a state of ongoing innovation and market growth.
• 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.
• CHS Inc.
• Roquette Freres
• AGT Food & Ingredients Inc.
• Now Food
• Others
The Plant-based Protein market was worth USD 14.11 billion in 2024 and is anticipated to grow to USD 31.38 billion by 2035, with a CAGR of 7.2%.
The Plant-based Protein market is poised to grow at a CAGR of 7.2% from 2025 to 2035.
Increased Consumer Health Consciousness, Sustainability & Environmental Issues, Innovation in Product Formulations and Applications, Growing Markets and Alternative Protein Sources, Plant-based Protein Market Segment Analysis
North America held largest share accounting for approximately 7.0% of the revenues in 2024
Glanbia Plc., Archer-Daniels-Midland Co., Cargill Incorporation, Kerry Inc., Burcon Nutrascience Corporation
North America is the largest market region.
1.1. Introduction
1.2. Report Description & Objective
1.3. Years Considered For Study
1.4. Assumption And Limitation
2.1. Data Collection
2.2. Primary Research & Secondary Research
2.3. Bottom-Up Approach & Top-Down Approach
2.4. Market Analysis & Size Estimation
2.5. Quality Check & Final Review
3.1. Report Scope
3.2. Executive Summary
4.1. Top Trends To Watch
4.2. Top Strategies Followed By Key Players
4.3. Top Investment Pockets
4.4. Strategic Recommendations
5.1. Market Definition
5.2. Market Drivers
5.3. Market Restraints & Challenges
5.4. Market Opportunities
6.1. Porter’s Five Forces’ Analysis
6.2. Value Chain Analysis / Supply Chain Analysis
6.3. PESTLE Analysis
6.4. Regulatory Landscape
6.5. Pricing Analysis
6.6. Go to Market Strategy
7.1. Global Plant-based Protein Market, By Source
7.2. Global Plant-based Protein Market Attractiveness, By Source
7.2.1. Soy Protein
7.2.2. Wheat Protein
7.2.3. Pea Protein
7.2.4. Others
8.1. Global Plant-based Protein Market, By Product
8.2. Global Plant-based Protein Market Attractiveness, By Product
8.2.1. Isolate
8.2.2. Concentrate
8.2.3. Others
9.1. Global Plant-based Protein Market, By Nature
9.2. Global Plant-based Protein Market Attractiveness, By Nature
9.2.1. Supplement & Nutritional Powder
9.2.2. Beverages
9.2.3. Protein & Nutritional Bars
9.2.4. Bakery & Snacks
9.2.5. Breakfast Cereals
9.2.6. Meat Products
9.2.7. Dairy Products
9.2.8. Infant Nutrition
9.2.9. Animal Feed
9.2.10. Others
10.1. Global Plant-based Protein Market, By Geography
10.2. Global Plant-based Protein Market Attractiveness, By Geography
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East & Africa
10.2.5. Latin America
11.1. North America Market Overview, By Countries
11.2. Market Overview, By Type
11.3. Market Overview, By Application
11.3.1. United States
11.3.2. Canada
12.1. Europe Market Overview, By Countries
12.2. Market Overview, By Type
12.3. Market Overview, By Application
12.3.1. Germany
12.3.2. France
12.3.3. UK
12.3.4. Italy
12.3.5. Spain
12.3.6. Rest of Europe
13.1. Asia Pacific Market Overview, By Countries
13.2. Market Overview, By Type
13.3. Market Overview, By Application
13.3.1. India
13.3.2. China
13.3.3. Japan
13.3.4. Latin Korea
13.3.5. Rest of Asia Pacific
14.1. Middle East & Africa Market Overview, By Countries
14.2. Market Overview, By Type
14.3. Market Overview, By Application
14.3.1. GCC
14.3.2. Latin Africa
14.3.3. Rest of Middle East & Africa
15.1. Latin America Market Overview, By Countries
15.2. Market Overview, By Type
15.3. Market Overview, By Application
15.3.1. Brazil
15.3.2. Argentina
15.3.3. Rest of Latin America
16.1. Key Developments
16.1.1. Partnerships, Collaborations, Agreements
16.1.2. Mergers & Acquisitions
16.1.3. New Product Developments
16.1.4. Other Developments
16.2. Company Share Analysis
16.3. Company Profiles
16.3.1. Glanbia Plc.
16.3.1.1. Company Overview
16.3.1.2. Product Overview
16.3.1.3. Financial Insights
16.3.1.4. Recent Developments
16.3.1.5. SWOT Analysis
16.3.2. Archer-Daniels-Midland Co.
16.3.3. Cargill Incorporation
16.3.4. Kerry Inc.
16.3.5. Burcon Nutrascience Corporation
16.3.6. E.I. du Pont de Nemours & Co.
16.3.7. Royal Avebe UA
16.3.8. Cosucra Groupe Warcoing
16.3.9. Ingredion Inc.
16.3.10. Corbion
16.3.11. Tate & Lyle Plc.
16.3.12. CHS Inc.
16.3.13. Roquette Freres
16.3.14. AGT Food & Ingredients Inc.
16.3.15. Now Food
Data Collection
Primary Research & Secondary Research
Bottom-Up Approach & Top-Down Approach
Market Analysis & Size Estimation
Quality Check & Final Review
By Product Type
By Form
By Application
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