Plant-Based Protein Market

Plant-Based Protein Market by Source (Soy, Wheat, Pea, Canola Rice & Potato, Beans & Seeds, Fermented Protein), Type (Concentrates, Isolates, Textured), Form (Dry, Liquid), Nature (Conventional, Organic), Application and Region - Global Forecast to 2028

Report Code: FB 7358 Oct, 2023, by marketsandmarkets.com

[396 Pages Report] The plant-based protein market is estimated to be valued at USD 13.3 billion in 2023 and is projected to reach USD 19.2 billion by 2028, at a CAGR of 7.7% from 2023 to 2028.

In recent years, the global food industry has witnessed a significant shift in consumer preferences, with a growing demand for plant-based protein alternatives. This trend reflects changing consumer attitudes toward health, sustainability, and ethical considerations. Many consumers are becoming more health-conscious, looking for options that align with their dietary preferences and restrictions. Plant-based protein sources, such as tofu, legumes, and pea protein, are often perceived as healthier choices due to their lower saturated fat content and absence of cholesterol. Additionally, they are often rich in fiber and essential nutrients, making them attractive alternatives for those seeking to maintain a balanced diet. Environmental sustainability is another significant factor contributing to the popularity of plant-based protein. With growing concerns about the environmental impact of traditional animal agriculture, many consumers are turning to plant-based options as a more sustainable choice. The production of plant-based protein typically requires fewer natural resources, generates fewer greenhouse gas emissions, and has a lower ecological footprint, aligning with the eco-conscious preferences of modern consumers. Ethical considerations also play a substantial role in the rise of plant-based protein.

An increasing number of consumers are concerned about animal welfare and the ethical treatment of animals in the food industry. Plant-based protein sources provide an ethical alternative for those who wish to reduce or eliminate their consumption of animal products, as they do not involve animal exploitation. Accessibility to a variety of innovative plant-based protein products is another driving force. With advancements in food technology and culinary innovation, there is now a wide range of plant-based protein options available, from plant-based burgers and sausages to meatless chicken and fish alternatives. These products are designed to mimic the taste and texture of traditional meat, making the transition to a plant-based diet more seamless for consumers. The rising demand for plant-based protein alternatives is a multifaceted phenomenon driven by health consciousness, environmental concerns, ethical considerations, and the availability of diverse and appealing products. As this trend continues to gain momentum, the plant based protein market is likely to evolve even further, with increased investment in research and development, more diverse plant-based product offerings, and a broader consumer base. Whether for health, ethical, or environmental reasons, plant-based protein alternatives are transforming the way we think about and consume protein, reflecting a dynamic shift in the global food industry.

Plant Based Protein Market Overview

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Plant Based Protein Market

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Drivers:  Growth in consumer preference for a vegan diet

The surging global demand for plant-based protein products is primarily propelled by a heightened awareness among consumers regarding the benefits of incorporating these sources into their diets. Notably, developed nations like the United States and the United Kingdom have witnessed a pronounced uptick in the acceptance of plant-based protein options. Consumers in these regions are embracing plant-based proteins for their capacity to deliver essential nutrients, improve overall health, facilitate weight management, and enhance the palatability of meals. Environmental organizations emphasize the pivotal role of transitioning to plant-based proteins in mitigating the environmental footprint of food production, especially in terms of carbon emissions.

The global livestock industry bears a significant responsibility for greenhouse gas emissions, contributing approximately 18% to the total emissions across the five key sectors. Within the agricultural sector, farmed animals alone are accountable for almost 80% of these emissions. This alarming environmental impact has prompted conscientious consumers to pivot towards plant-based protein products. Recent years have witnessed a notable proliferation of new plant-based protein offerings, underscoring the mounting consumer interest and market demand. In 2021, for instance, numerous organizations registered a substantial array of plant-based protein products, distinguished by vegan or plant-based certifications or trademarks. This burgeoning product landscape reflects the escalating adoption of plant-based protein alternatives. The market for plant-based protein products is expanding rapidly to cater to a growing consumer base with a strong focus on health, sustainability, and environmental concerns. As the plant-based lifestyle continues to flourish and plant-based protein sources gain greater prominence, manufacturers and food producers are increasingly channeling investments into diversifying their plant-based protein portfolios, which is poised to positively influence the global plant-based protein market.

Restraints: Allergies associated with plant-based protein sources, such as soy & wheat

Plant-based foods and beverages offer various health benefits and essential minerals, but their consumption has been associated with allergies in some cases, which hinders market growth. For instance, soybeans are packed with nutrients like vitamins, minerals, and proteins, but they can trigger allergies due to the presence of anti-nutritional components. Soy is among the "Big Eight" allergens, responsible for 90% of food allergies, along with cow's milk, eggs, peanuts, tree nuts, wheat, fish, and shellfish. A soy allergy occurs when the human immune system mistakenly identifies harmless soy proteins as harmful and produces antibodies to combat them. Furthermore, soy protein contains high levels of phytic acid, which can potentially inhibit the absorption of essential minerals such as calcium, magnesium, copper, iron, and zinc. Soy allergies can also lead to itching, hives, and other symptoms like bloating, diarrhea, nausea, and abdominal pain.

In a 2019 study published by the National Institute of Health (NIH), wheat is recognized as a staple food and a vital nutrient source for millions of people. However, concerns about the adverse effects of wheat on health, particularly in North America and Europe, have grown in recent years. Wheat gluten proteins can trigger various adverse reactions, including allergies, celiac disease, and non-celiac gluten sensitivity in humans. Celiac disease, which often begins in early infancy, can affect genetically predisposed individuals. Allergic reactions to gluten in the diet cause inflammation and damage to the inner lining of the small intestines in celiac disease. Therefore, allergies associated with certain plant-based ingredients are expected to limit the growth of the plant-based protein industry in the forecast period.

Opportunities: Focus on aquatic plants as new & emerging sources of protein

Plant-based foods and beverages offer various health benefits and essential minerals; however, they can cause allergies in some individuals, which presents a challenge to market growth. For example, soybeans, despite their nutrient-rich profile, contain anti-nutritional components that can trigger allergies. Soy is part of the "Big Eight" allergens, alongside cow's milk, eggs, peanuts, tree nuts, wheat, fish, and shellfish, responsible for 90% of food allergies. Soy allergy occurs when the immune system mistakenly identifies harmless soy proteins as harmful, leading to allergic reactions. Additionally, soy protein contains high levels of phytic acid, which may hinder the absorption of vital minerals like calcium, magnesium, copper, iron, and zinc, potentially causing symptoms such as itching, hives, bloating, diarrhea, nausea, and abdominal pain.

Another concern revolves around wheat, which has traditionally been a staple food providing essential nutrients. However, recent years have seen rising apprehensions about its adverse health effects, particularly in North America and Europe. Wheat gluten proteins can lead to various adverse reactions, including allergies, celiac disease, and non-celiac gluten sensitivity. Celiac disease, often beginning in infancy, results from an allergic reaction to gluten in the diet, leading to inflammation and damage to the small intestine's inner lining. These allergies associated with specific plant-based ingredients are expected to limit the growth of the plant-based protein market in the forecast period.

On the other hand, as health-conscious consumers increasingly seek personalized nutrition, there is a growing interest in harnessing aquatic plants as a source of plant-based protein and ingredients tailored to individual physiological and metabolic needs. Aquatic plants utilize natural processes, driven by sunlight and chlorophyll, to synthesize plant-based protein, making them a promising resource. With over 70% of solar energy directed at oceans and freshwater bodies, untapped potential for aquatic proteins suitable for human consumption exists in water bodies worldwide, which can be expanded through advanced aquaculture methods.

Duckweeds have garnered attention due to their capacity to remove mineral contaminants from wastewater and are found in various geographic and climatic zones. These small floating aquatic plants are becoming prominent in the fish farming industry, offering protein-rich ingredients. Companies like Hinoman, Plantible Foods, and Parabel are at the forefront of innovation in extracting proteins from aquatic sources. For example, Parabel has developed LENTENIN, derived from water lentils, with a high protein concentration of approximately 68%. In essence, aquatic plants present a significant opportunity for sourcing plant-based proteins in the evolving landscape of personalized nutrition.

Challenges: Economic constraints related to processing capacity of pea protein

The use of pea as a source of plant-based protein has seen a notable uptick, but manufacturers of pea protein face a significant challenge due to a lack of processing capacity. To make production economically viable, it's essential for food developers to find valuable uses for pea starch, which accounts for 60% of the pea volume but typically goes unused in pea protein-based products. The economic feasibility of the process hinges on whether the protein or starch is sold, and selling the protein without incurring losses on the starch could be profitable.

Beyond Meat, a US-based company, has recently entered a three-year contract with Roquette, a French company, with the aim of meeting the growing demand for plant-based food and beverages. Roquette is planning to invest over $500 million to expand its production of high-quality pea protein. While some food manufacturers, especially those producing products like veggie burgers, have relied on soybean protein due to lower costs and a stable supply, premium food product makers have turned to pea protein to meet consumer expectations for a niche ingredient known for its health benefits, hypoallergenic properties, and other functional qualities.

Based on source, the wheat sub segment is estimated to reach at USD 3.1 billion during forecasted period.

Wheat protein is obtained by separating it from other components of wheat flour, including starch, fats, fibers, and simple sugars found in the wheat kernel. There are three main types of wheat proteins: wheat protein isolates, wheat protein concentrates, and textured wheat protein, known for its rich sulfur amino acid content. According to reports from the European Vegetable Protein Association (EUVEPRO), wheat proteins are abundant in sulfur-rich amino acids, making them suitable for creating well-balanced protein supplements when combined with pulse proteins for both human and pet food. Wheat proteins are also valuable for enhancing the texture, softness, and shelf life of low-fat food products, making them a valuable addition to healthy, low-fat food items.

However, the growth of wheat proteins is limited by their gluten content, which can have severe side effects for some individuals and is considered an allergen. As per a report from the Harvard School of Public Health, one out of every 133 people in the US has Celiac disease triggered by consuming gluten-containing foods, with a staggering 83% of them either undiagnosed or misdiagnosed with other conditions. Wheat proteins have gained significant popularity as a plant-based protein choice, especially for improving the texture of meat alternatives, and this has been a key driver for the growth of wheat proteins in recent years. Consequently, companies in the plant-based protein industry are actively expanding their product offerings by introducing both textured and non-textured wheat products while also enhancing their production capabilities for textured wheat protein.

Based on applications, the food & beverages sub segment of the plant-based protein market is anticipated to dominate the market.

The utilization of plant-based proteins in food applications has witnessed substantial growth in recent years, primarily due to the increasing adoption of plant-based meat and dairy products. This shift in consumer preferences has been driven by heightened awareness of meat sourcing practices, their ecological impact, and concerns related to animal-borne diseases. As a result, consumers are transitioning from traditional animal-based proteins to plant-based alternatives, giving rise to a flourishing vegan trend and an influx of manufacturers in this sector.

The growing embrace of plant-based protein in diets has spurred manufacturers to enhance their product offerings. Although soy has historically been a popular choice for plant-based protein, it, along with wheat gluten, has faced criticism due to allergenic concerns. Consequently, protein manufacturers are pivoting towards alternative sources like chickpeas, lentils, and beans, which offer a rich nutritional profile and are anticipated to experience significant growth in the forecast period. For example, Parabel USA Inc. introduced water lentil protein hydrolysate in response to customer demand for plant proteins that provide complete amino acid profiles and high digestibility, with applications spanning plant-based burgers, sausages, and sports nutrition supplements. Additionally, NUTRIS Group launched faba bean protein isolate, aligning with the surging global popularity of faba bean protein, which shares functional characteristics with soy but doesn't pose major allergenic concerns and is viewed favorably by consumers.

The North American market is projected to dominate the plant-based protein market.

The increasing demand for plant-based proteins in North America can be attributed to several factors. First, ethical considerations and growing consumer awareness regarding personal and environmental health have driven many people to adopt veganism and flexitarian diets, emphasizing the importance of sustainable and cruelty-free food choices.

Additionally, a report from the Plant Based Foods Association (PBFA) in March 2022 revealed that plant-based food retail sales in the United States reached USD 7.4 billion, surpassing total food retail sales. This impressive growth of 6.1% in 2021, despite supply chain disruptions and pandemic restrictions, has sparked a continued surge in demand for plant-based foods, offering significant business opportunities for plant-based protein ingredients.

North America serves as a significant production hub for plant-based protein manufacturers. Canada stands out as a leading producer of peas, hosting numerous pea processing units, while the United States plays a crucial role in soybean and wheat production. The U.S. is the world's top soybean producer and the second-largest exporter, with soybeans accounting for a substantial 90% of the country's oilseed production. In contrast, other oilseeds like peanuts, sunflower seeds, canola, and flax make up the remaining share. The highly diverse and multicultural population in Mexico also contributes to the high demand for protein-rich food and beverage products, bolstering the growth of plant-based protein offerings in the region.

Plant Based Protein Market Regional Analysis

Key Market Players

ADM (US), Cargill, Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Roquette Frères (France) are among the key players in the plant-based protein market. To increase their company's revenues and market shares, companies are focusing on launching new services, developing partnerships, and expanding their laboratory facilities. The key strategies used by companies in the dairy alternatives market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new service launches because of extensive research and development (R&D) initiatives.

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Scope of the Report

Report Metric

Details

Market size estimation

2023–2028

Base year considered

2022

Forecast period considered

2023–2028

Units considered

Value (USD)

Segments Covered

By Source, By Type, By Form, By Nature and By Application

Regions covered

North America, Europe, Asia Pacific, South America, and RoW

Companies studied

  • ADM (US)
  • Cargill (US)
  • International Flavors & Fragrances Inc. (US)
  • Ingredion (US)
  • Roquette Frères (France)
  • Wilmar International Ltd. (Singapore)
  • Glanbia plc (Ireland)
  • Kerry Group PLC (Ireland)
  • DSM (Netherlands)
  • AGT Food and Ingredients (Canada)
  • Burcon NutraScience Corporation (Canada)
  • Emsland Group (Germany)
  • PURIS (US)
  • COSUCRA (Belgium)
  • Tate & Lyle (UK)
  • BENEO GmbH (Germany)
  • SOTEXPRO (France)
  • Shandong Jianyuan group (China)
  • AMCO Proteins (US)
  • Axiom Foods, Inc (US)
  • Aminola (Netherlands)
  • The Green Labs LLC. (US)
  • Australian Plant Proteins Pty Ltd (Australia)
  • ETChem (China)
  • PROEON (India)
  • Nutraferma, Inc. (US)
  • MycoTechnology (US)
  • European Protein A/S (Denmark)

Plant-based Protein Market:

By Source
  • Soy
  • Wheat
  • Pea
    • Yellow Split Peas
    • Chickpeas
    • Lentils
  • Canola, Rice, & Potato
  • Beans & Seeds
  • Fermented Protein
    • Soy
    • Pea
    • Rice
    • Others
  • Other Sources
By Type
  • Concentrates
  • Isolates
  • Textured
By Form
  • Dry
  • Liquid
By Nature
  • Conventional
  • Organic
By Application
  • Food & beverages
  • Meat Alternatives
  • Dairy Alternatives
  • Bakery Products
  • Performance Nutrition
  • Convenience Foods
  • Other Food & Beverages Applications
  • Feed
By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)
  • Other sources include jackfruit, legumes, mushrooms, quinoa, tempeh.
  • Other food applications include confectioneries, beverages, baby food products, and dairy & dairy products.
  • RoW includes the Middle East & Africa.

Recent Developments

  • In April 2022, ADM (US) made a investment of USD 300 million to boost the production of alternative proteins at its plant in Decatur, Illinois, which will double the facility’s soy extrusion capacity. ADM, as part of the investment, is also building a Protein Innovation Center, including labs, test kitchens, and pilot-scale production capabilities, which will boost the company’s R&D capabilities.
  • In April 2022, Ingredion expanded its production capacity by setting up a new manufacturing plant at Vanscoy, Canada, through the acquisition of Verdient Foods (Canada). This strategic initiative would vastly increase the company’s production capacity to produce plant-based protein.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 51)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 INCLUSIONS & EXCLUSIONS
           1.3.3 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2018–2022
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 57)
    2.1 RESEARCH DATA 
           FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
                               FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.3 Key primary insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 5 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS 
    2.5 LIMITATIONS AND RISK ASSESSMENT 
    2.6 RECESSION IMPACT ANALYSIS 
           2.6.1 MACROECONOMIC INDICATORS OF RECESSION
                    FIGURE 6 MACROECONOMIC INDICATORS OF RECESSION
                    FIGURE 7 GLOBAL INFLATION RATE, 2011–2022
                    FIGURE 8 GLOBAL GDP, 2011–2022 (USD TRILLION)
                    FIGURE 9 RECESSION INDICATORS AND THEIR IMPACT ON PLANT-BASED PROTEIN MARKET TRENDS
                    FIGURE 10 GLOBAL MARKET: PREVIOUS FORECAST VS. RECESSION IMPACT FORECAST
 
3 EXECUTIVE SUMMARY (Page No. - 71)
    TABLE 2 MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 11 MARKET SNAPSHOT, BY SOURCE, 2023 VS. 2028 
    FIGURE 12 MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 
    FIGURE 13 MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 14 MARKET, BY REGION 
 
4 PREMIUM INSIGHTS (Page No. - 76)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET 
           FIGURE 15 RISING DEMAND DUE TO INCREASING HEALTH AWARENESS AND ENVIRONMENTAL CONCERNS TO DRIVE MARKET
    4.2 NORTH AMERICA: MARKET, BY FORM AND COUNTRY 
           FIGURE 16 DRY SEGMENT AND US TO ACCOUNT FOR SIGNIFICANT SHARE IN 2023
    4.3 MARKET, BY APPLICATION AND REGION 
           FIGURE 17 FOOD & BEVERAGES SEGMENT TO DOMINATE MOST REGIONS DURING FORECAST PERIOD
    4.4 MARKET: KEY COUNTRIES, 2022 
           FIGURE 18 US DOMINATED MARKET IN 2022
 
5 MARKET OVERVIEW (Page No. - 79)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS 
           5.2.1 RISE IN FOOD DEMAND FROM GROWING POPULATION
                    FIGURE 19 POPULATION PROJECTED TO REACH MORE THAN 9.5 BILLION BY 2050
           5.2.2 INCREASE IN SOYBEAN PRODUCTION
                    FIGURE 20 SOYBEAN PRODUCTION, BY KEY COUNTRY, 2016–2020 (MILLION TON)
           5.2.3 CONSUMER SHIFT TOWARD PLANT-BASED NUTRITION
    5.3 MARKET DYNAMICS 
           FIGURE 21 PLANT-BASED PROTEIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Growth in consumer preference for vegan diet
                               5.3.1.1.1 Growing interest in health-centric food and beverages
                               5.3.1.1.2 Awareness regarding meat alternatives’ role in environmental sustainability
                               FIGURE 22 US: SALES OF PLANT-BASED MEAT ALTERNATIVES, 2019–2022
                               5.3.1.1.3 Innovation and developments related to plant-based protein to augment vegan trend
                    5.3.1.2 Prevalence of lactose intolerance
                               TABLE 3 RATE OF LACTOSE INTOLERANCE, BY COUNTRY
           5.3.2 RESTRAINTS
                    5.3.2.1 Allergies associated with plant-based protein sources, such as soy and wheat
                               FIGURE 23 US: POPULATION WITH FOOD ALLERGIES, BY ALLERGEN, 2018–2019 (MILLION)
                    5.3.2.2 Possibility of nutritional deficiencies among vegans
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Emergence of aquatic plants as new sources of protein
                    5.3.3.2 Effective marketing strategies and correct positioning of plant-based proteins
                    5.3.3.3 Changes in consumer lifestyles
           5.3.4 CHALLENGES
                    5.3.4.1 Concerns over quality of food and beverages due to adulteration of GM ingredients
                    5.3.4.2 Economic constraints related to processing capacity of pea protein
                    5.3.4.3 Concerns regarding taste and texture of plant-based protein
 
6 INDUSTRY TRENDS (Page No. - 92)
    6.1 INTRODUCTION 
    6.2 SUPPLY CHAIN ANALYSIS 
           FIGURE 24 SUPPLY CHAIN ANALYSIS
    6.3 VALUE CHAIN ANALYSIS 
           6.3.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.3.2 RAW MATERIAL SOURCING
           6.3.3 PRODUCTION & PROCESSING
           6.3.4 DISTRIBUTION
           6.3.5 MARKETING & SALES
           6.3.6 END USERS
                    FIGURE 25 VALUE CHAIN ANALYSIS
    6.4 TRADE ANALYSIS 
           6.4.1 SOYBEAN
                    TABLE 4 TOP TEN IMPORTERS AND EXPORTERS OF SOYBEAN, 2022 (KT)
           6.4.2 PEA
                    TABLE 5 TOP 10 IMPORTERS AND EXPORTERS OF PEA, 2021 (KT)
           6.4.3 RICE
                    TABLE 6 TOP TEN IMPORTERS AND EXPORTERS OF RICE, 2022 (KT)
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1 EXTRUSION
           6.5.2 HIGH-PRESSURE PROCESSING (HPP)
           6.5.3 TECHNOLOGICAL ADVANCEMENTS WITHIN EXTRUSION PROCESS
    6.6 PRICING ANALYSIS 
           6.6.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOURCE
                    FIGURE 26 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOURCE (USD/KG)
                    TABLE 7 AVERAGE SELLING PRICE TRENDS, BY REGION, 2021–2028 (USD/TON)
                    TABLE 8 AVERAGE SELLING PRICE TRENDS, BY SOURCE, 2021–2028 (USD/TON)
    6.7 ECOSYSTEM ANALYSIS 
           6.7.1 DEMAND SIDE
           6.7.2 SUPPLY SIDE
                    FIGURE 27 PLANT-BASED PROTEIN: MARKET MAP
                    FIGURE 28 ECOSYSTEM MAPPING
                    TABLE 9 ROLE OF PLAYERS IN MARKET ECOSYSTEM
    6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    6.9 PATENT ANALYSIS 
           TABLE 10 LIST OF MAJOR PATENTS PERTAINING TO PLANT-BASED PROTEIN MARKET OVERVIEW, 2013–2023
           FIGURE 30 NUMBER OF PATENTS GRANTED, 2013–2022
           FIGURE 31 REGIONAL ANALYSIS OF PATENTS GRANTED
    6.10 KEY CONFERENCES & EVENTS 
           TABLE 11 LIST OF KEY CONFERENCES & EVENTS, 2023–2025
    6.11 TARIFF & REGULATORY LANDSCAPE 
           6.11.1 REGULATORY LANDSCAPE
                    6.11.1.1 North America
                    6.11.1.2 Europe
                    6.11.1.3 Asia Pacific
           6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.12 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 13 PORTER’S FIVE FORCES ANALYSIS
           6.12.1 THREAT OF NEW ENTRANTS
           6.12.2 THREAT OF SUBSTITUTES
           6.12.3 BARGAINING POWER OF SUPPLIERS
           6.12.4 BARGAINING POWER OF BUYERS
           6.12.5 INTENSITY OF COMPETITIVE RIVALRY
    6.13 KEY STAKEHOLDERS & BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
                    TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
           6.13.2 BUYING CRITERIA
                    TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
                    FIGURE 33 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
    6.14 CASE STUDY ANALYSIS 
           6.14.1 BLUE DIAMOND GROWERS PARTNERED WITH GROUP LALA TO ESTABLISH NETWORK IN MEXICO
           6.14.2 KERRY GROUP PLC REVOLUTIONIZED PLANT-BASED PRODUCTS IN ASIA PACIFIC MARKET
           6.14.3 ADM OFFERED NEW PLANT-BASED PROTEINS TO MEET GROWING CONSUMER DEMAND
           6.14.4 GLANBIA LAUNCHED ITS GRAIN PORTFOLIO TO ADDRESS CONSUMERS’ RISING HEALTH CONCERNS
 
7 PLANT-BASED PROTEIN MARKET, BY SOURCE (Page No. - 120)
    7.1 INTRODUCTION 
           FIGURE 34 MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION)
           TABLE 16 MARKET, BY SOURCE, 2018–2022 (USD MILLION)
           TABLE 17 MARKET, BY SOURCE, 2023–2028 (USD MILLION)
           TABLE 18 MARKET, BY SOURCE, 2018–2022 (KT)
           TABLE 19 MARKET, BY SOURCE, 2023–2028 (KT)
    7.2 SOY 
           7.2.1 SURGE IN DEMAND FOR PLANT-BASED PROTEIN ALTERNATIVES AND INCREASING SOY EXPORTS TO LEAD TO MARKET GROWTH
                    TABLE 20 SOY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 21 SOY: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 22 SOY: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 23 SOY: MARKET, BY REGION, 2023–2028 (KT)
    7.3 WHEAT 
           7.3.1 EXCELLENT BINDING CHARACTERISTICS OF WHEAT COUPLED WITH ITS INCREASED USAGE IN ALTERNATIVE MEAT PRODUCTS TO DRIVE GROWTH
                    TABLE 24 WHEAT: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 25 WHEAT: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 26 WHEAT: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 27 WHEAT: MARKET, BY REGION, 2023–2028 (KT)
    7.4 PEA 
           7.4.1 RAPID SHIFT OF CONSUMERS FROM TRADITIONAL SOURCES OF PLANT PROTEIN TO DRIVE POPULARITY OF PEA PROTEIN
                    TABLE 28 PEA: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 29 PEA: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 30 PEA: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 31 PEA: MARKET, BY REGION, 2023–2028 (KT)
                    TABLE 32 PEA: MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)
                    TABLE 33 PEA: MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)
           7.4.2 YELLOW SPLIT PEAS
                    TABLE 34 YELLOW SPLIT PEAS: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 35 YELLOW SPLIT PEAS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.4.3 CHICKPEAS
                    TABLE 36 CHICKPEAS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 37 CHICKPEAS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.4.4 LENTILS
                    TABLE 38 LENTILS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 39 LENTILS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 CANOLA, RICE, AND POTATO 
           7.5.1 GROWING CONSUMER INTEREST IN TRADITIONAL PLANT-BASED PROTEIN PRODUCTS TO SPUR MARKET
                    TABLE 40 CANOLA, RICE, AND POTATO: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 41 CANOLA, RICE, AND POTATO: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 42 CANOLA, RICE, AND POTATO: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 43 CANOLA, RICE, AND POTATO: MARKET, BY REGION, 2023–2028 (KT)
    7.6 BEANS & SEEDS 
           7.6.1 RISING DEMAND FOR HEMP PROTEIN AND SUNFLOWER SEED PROTEIN AS EFFECTIVE TOOLS AGAINST CARDIOVASCULAR DISEASES TO DRIVE GROWTH
                    TABLE 44 BEANS & SEEDS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 45 BEANS & SEEDS: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 46 BEANS & SEEDS: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 47 BEANS & SEEDS: MARKET, BY REGION, 2023–2028 (KT)
    7.7 FERMENTED PROTEIN 
           7.7.1 FLAVOR AND MOUTHFEEL OF FERMENTED PLANT-BASED PROTEIN TO SURGE DEMAND
                    TABLE 48 FERMENTED PROTEIN: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 49 FERMENTED PROTEIN: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 50 FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 51 FERMENTED PROTEIN: MARKET, BY REGION, 2023–2028 (KT)
                    TABLE 52 FERMENTED PROTEIN: MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)
                    TABLE 53 FERMENTED PROTEIN: MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)
           7.7.2 SOY
                    TABLE 54 FERMENTED SOY PROTEIN: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 55 FERMENTED SOY PROTEIN: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.7.3 PEA
                    TABLE 56 FERMENTED PEA PROTEIN: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 57 FERMENTED PEA PROTEIN: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.7.4 RICE
                    TABLE 58 FERMENTED RICE PROTEIN: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 59 FERMENTED RICE PROTEIN: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.7.5 OTHER FERMENTED PROTEIN SUBTYPES
                    TABLE 60 OTHER FERMENTED PROTEIN SUBTYPES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 61 OTHER FERMENTED PROTEIN SUBTYPES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.8 OTHER SOURCES 
           TABLE 62 OTHER SOURCES: MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 63 OTHER SOURCES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 64 OTHER SOURCES: MARKET, BY REGION, 2018–2022 (KT)
           TABLE 65 OTHER SOURCES: MARKET, BY REGION, 2023–2028 (KT)
 
8 MARKET, BY TYPE (Page No. - 145)
    8.1 INTRODUCTION 
           FIGURE 35 MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)
           TABLE 66 MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 67 PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 68 SOY: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 69 SOY: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 70 WHEAT: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 71 WHEAT: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 72 PEA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 73 PEA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 74 CANOLA, RICE, AND POTATO: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 75 CANOLA, RICE, AND POTATO: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 76 BEANS & SEEDS: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 77 BEANS & SEEDS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 78 FERMENTED PROTEIN: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 79 FERMENTED PROTEIN: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 80 OTHER SOURCES: MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 81 OTHER SOURCES: MARKET, BY TYPE, 2023–2028 (USD MILLION)
    8.2 CONCENTRATES 
           8.2.1 APPLICATION OF PROTEIN CONCENTRATES ACROSS FOOD AND NUTRITION SUPPLEMENTS TO DRIVE DEMAND
                    TABLE 82 CONCENTRATES: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                    TABLE 83 CONCENTRATES: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
    8.3 ISOLATES 
           8.3.1 APPLICATION OF PLANT-PROTEIN ISOLATES IN INFANT FOODS AND THEIR STRONG DEMAND DUE TO THEIR HIGH PROTEIN CONTENT TO DRIVE GROWTH
                    TABLE 84 ISOLATES: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                    TABLE 85 ISOLATES: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
    8.4 TEXTURED 
           8.4.1 GROWING HEALTH CONCERNS TO DRIVE PREFERENCE FOR PLANT-BASED MEAT, LEADING TO RISING DEMAND FOR TEXTURED PLANT PROTEIN
                    TABLE 86 TEXTURED: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                    TABLE 87 TEXTURED: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)
 
9 MARKET, BY APPLICATION (Page No. - 156)
    9.1 INTRODUCTION 
           FIGURE 36 MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
           TABLE 88 MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
           TABLE 89 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 FOOD & BEVERAGES 
           9.2.1 INCREASED CONSUMPTION OF PLANT-BASED MEAT AND DAIRY ALTERNATIVES TO DRIVE GROWTH
                    TABLE 90 FOOD & BEVERAGES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 91 FOOD & BEVERAGES: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 92 FOOD & BEVERAGES: MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)
                    TABLE 93 FOOD & BEVERAGES: MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)
           9.2.2 MEAT ALTERNATIVES
           9.2.3 DAIRY ALTERNATIVES
                    FIGURE 37 GLOBAL PLANT-BASED MILK SALES: HISTORICAL GROWTH, 2016–2022 (USD MILLION)
           9.2.4 BAKERY PRODUCTS
           9.2.5 PERFORMANCE NUTRITION
           9.2.6 CONVENIENCE FOODS
           9.2.7 OTHER FOOD & BEVERAGE APPLICATIONS
    9.3 FEED 
           9.3.1 INCREASED DEMAND FOR CLEAN-LABEL AND SUSTAINABLE FEED PRODUCTS TO DRIVE DEMAND FOR PLANT-BASED PROTEIN
                    TABLE 94 FEED: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 95 FEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 PLANT-BASED PROTEIN MARKET, BY NATURE (Page No. - 165)
     10.1 INTRODUCTION 
               FIGURE 38 MARKET, BY NATURE, 2023 VS. 2028 (USD MILLION)
               TABLE 96 MARKET, BY NATURE, 2018–2022 (USD MILLION)
               TABLE 97 MARKET, BY NATURE, 2023–2028 (USD MILLION)
     10.2 CONVENTIONAL 
             10.2.1 GROWING UTILIZATION OF PLANT-BASED FOOD PRODUCTS IN FOOD AND FEED INDUSTRIES TO STIMULATE EXPANSION OF CONVENTIONAL PROTEIN SOURCES
                       TABLE 98 CONVENTIONAL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 99 CONVENTIONAL: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 ORGANIC 
             10.3.1 GROWTH OF ORGANIC PLANT-BASED PROTEIN PRODUCTS TO BE FUELED BY RISING DEMAND FOR CLEAN-LABEL INGREDIENTS
                       TABLE 100 ORGANIC: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 101 ORGANIC: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 MARKET, BY FORM (Page No. - 170)
     11.1 INTRODUCTION 
               FIGURE 39 MARKET, BY FORM, 2023 VS. 2028 (USD MILLION)
               TABLE 102 MARKET, BY FORM, 2018–2022 (USD MILLION)
               TABLE 103 MARKET, BY FORM, 2023–2028 (USD MILLION)
     11.2 DRY 
             11.2.1 INCREASING APPLICATIONS OF DRY PROTEIN PRODUCTS IN PLANT-BASED FOOD & BEVERAGE INDUSTRY TO DRIVE MARKET GROWTH
                       TABLE 104 DRY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 105 DRY: MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.3 LIQUID 
             11.3.1 HIGHER PROTEIN ENRICHMENT REQUIREMENTS IN NUTRITIONAL SUPPLEMENTS TO DRIVE GROWTH OF LIQUID PLANT PROTEIN
                       TABLE 106 LIQUID: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 107 LIQUID: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
12 PLANT-BASED PROTEIN MARKET, BY REGION (Page No. - 175)
     12.1 INTRODUCTION 
               FIGURE 40 JAPAN TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
               TABLE 108 MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 109 MARKET, BY REGION, 2023–2028 (USD MILLION)
               TABLE 110 MARKET, BY REGION, 2018–2022 (KT)
               TABLE 111 MARKET, BY REGION, 2023–2028 (KT)
     12.2 NORTH AMERICA 
               FIGURE 41 NORTH AMERICA: REGIONAL SNAPSHOT
             12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 42 NORTH AMERICA: INFLATION RATES, BY COUNTRY, 2017–2022
                       FIGURE 43 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       TABLE 112 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 113 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 114 NORTH AMERICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 115 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 116 NORTH AMERICA: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 117 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 118 NORTH AMERICA: MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 119 NORTH AMERICA: MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 120 NORTH AMERICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 121 NORTH AMERICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 122 NORTH AMERICA: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 123 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 124 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 125 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 126 NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)
                       TABLE 127 NORTH AMERICA: MARKET, BY NATURE, 2023–2028 (USD MILLION)
             12.2.2 US
                       12.2.2.1 Rise in awareness regarding environmental and personal health benefits to drive preference for plant-based ingredients
                                   TABLE 128 US: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 129 US: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 130 US: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 131 US: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.2.3 CANADA
                       12.2.3.1 Capitalization on large-scale shift toward flexitarian diets by prominent players to drive production
                                   TABLE 132 CANADA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 133 CANADA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 134 CANADA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 135 CANADA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.2.4 MEXICO
                       12.2.4.1 Evolving consumer preferences and increasing demand for nutritious pet foods to stimulate market growth
                                   TABLE 136 MEXICO: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 137 MEXICO: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 138 MEXICO: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 139 MEXICO: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
     12.3 EUROPE 
             12.3.1 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 44 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2022
                       FIGURE 45 EUROPE: RECESSION IMPACT ANALYSIS
                       TABLE 140 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 141 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 142 EUROPE: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 143 EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 144 EUROPE: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 145 EUROPE: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 146 EUROPE: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 147 EUROPE: MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 148 EUROPE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 149 EUROPE: MARKET FOR FERMENTED PROTEIN, 2023–2028 (USD MILLION)
                       TABLE 150 EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 151 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 152 EUROPE: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 153 EUROPE: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 154 EUROPE: MARKET, BY NATURE, 2018–2022 (USD MILLION)
                       TABLE 155 EUROPE: MARKET, BY NATURE, 2023–2028 (USD MILLION)
             12.3.2 UK
                       12.3.2.1 Increasing vegan population to drive market
                                   TABLE 156 UK: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 157 UK: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 158 UK: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 159 UK: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.3 GERMANY
                       12.3.3.1 Increasing dependence on plant-based foods and high adoption rate of flexitarian diets to boost growth of plant-based protein
                                   TABLE 160 GERMANY: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 161 GERMANY: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 162 GERMANY: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 163 GERMANY: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.4 ITALY
                       12.3.4.1 Rapidly changing consumer preferences from conventional to plant-based protein to drive market
                                   TABLE 164 ITALY: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 165 ITALY: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 166 ITALY: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 167 ITALY: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.5 FRANCE
                       12.3.5.1 Government support to develop domestic plant-based protein production and reduce imports to drive growth
                                   TABLE 168 FRANCE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 169 FRANCE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 170 FRANCE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 171 FRANCE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.6 NETHERLANDS
                       12.3.6.1 Increasing popularity of plant-based foods due to their health and environmental benefits to drive demand for plant protein
                                   TABLE 172 NETHERLANDS: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 173 NETHERLANDS: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 174 NETHERLANDS: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 175 NETHERLANDS: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.7 SPAIN
                       12.3.7.1 Product innovation and increased consumption of plant-based convenience foods to drive market
                                   TABLE 176 SPAIN: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 177 SPAIN: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 178 SPAIN: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 179 SPAIN: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.8 TURKEY
                       12.3.8.1 Health advantages linked to plant-centered diets to bolster demand for plant-based protein
                                   TABLE 180 TURKEY: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 181 TURKEY: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 182 TURKEY: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 183 TURKEY: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.3.9 POLAND
                       12.3.9.1 Evolving consumer preferences and health awareness to spur market growth
                                   TABLE 184 POLAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 185 POLAND: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 186 POLAND: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 187 POLAND: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
               12.3.10 REST OF EUROPE
                                   TABLE 188 REST OF EUROPE: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 189 REST OF EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 190 REST OF EUROPE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 191 REST OF EUROPE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
     12.4 ASIA PACIFIC 
               FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT
             12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 47 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2022
                       FIGURE 48 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       TABLE 192 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 193 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 194 ASIA PACIFIC: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 195 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 196 ASIA PACIFIC: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 197 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 198 ASIA PACIFIC: MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 199 ASIA PACIFIC: MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 200 ASIA PACIFIC: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 201 ASIA PACIFIC: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 202 ASIA PACIFIC: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 203 ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 204 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 205 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 206 ASIA PACIFIC: MARKET, BY NATURE, 2018–2022 (USD MILLION)
                       TABLE 207 ASIA PACIFIC: MARKET, BY NATURE, 2023–2028 (USD MILLION)
             12.4.2 CHINA
                       12.4.2.1 Demand for products with health benefits to drive market growth
                                   TABLE 208 CHINA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 209 CHINA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 210 CHINA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 211 CHINA: MARKET FOR FERMENTED PROTEIN, 2023–2028 (USD MILLION)
             12.4.3 JAPAN
                       12.4.3.1 Ageing population and rising consumption of plant-based convenience foods to drive market growth
                                   TABLE 212 JAPAN: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 213 JAPAN: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 214 JAPAN: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 215 JAPAN: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.4.4 AUSTRALIA & NEW ZEALAND
                       12.4.4.1 Investments from key players and rising vegan population to drive growth of plant-based protein
                                   TABLE 216 AUSTRALIA & NEW ZEALAND: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 217 AUSTRALIA & NEW ZEALAND: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 218 AUSTRALIA & NEW ZEALAND: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 219 AUSTRALIA & NEW ZEALAND: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.4.5 INDIA
                       12.4.5.1 Evolving dietary preferences and increasing coronary heart diseases to drive demand for plant-based protein
                                   TABLE 220 INDIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 221 INDIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 222 INDIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 223 INDIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.4.6 SOUTH KOREA
                       12.4.6.1 Significant shift toward alternative proteins and rising food safety concerns to spur growth
                                   TABLE 224 SOUTH KOREA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 225 SOUTH KOREA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 226 SOUTH KOREA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 227 SOUTH KOREA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.4.7 INDONESIA
                       12.4.7.1 Growing demand for soy protein in food products and animal feed to boost market expansion
                                   TABLE 228 INDONESIA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 229 INDONESIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 230 INDONESIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 231 INDONESIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.4.8 MALAYSIA
                       12.4.8.1 Influence of Buddhism and Hinduism to contribute to popularity of vegetarianism
                                   TABLE 232 MALAYSIA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 233 MALAYSIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 234 MALAYSIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 235 MALAYSIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.4.9 PHILIPPINES
                       12.4.9.1 Surge in health and wellness trends to persuade people to prefer protein-based food products
                                   TABLE 236 PHILIPPINES: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 237 PHILIPPINES: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 238 PHILIPPINES: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 239 PHILIPPINES: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
               12.4.10 VIETNAM
            12.4.10.1 Environmental issues and concerns related to carbon footprint of animal agriculture to drive growth
                                   TABLE 240 VIETNAM: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 241 VIETNAM: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 242 VIETNAM: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 243 VIETNAM: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
               12.4.11 THAILAND
            12.4.11.1 Rising awareness regarding environmental impact of meat industry to encourage market growth
                                   TABLE 244 THAILAND: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 245 THAILAND: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 246 THAILAND: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 247 THAILAND: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
               12.4.12 REST OF ASIA PACIFIC
                                   TABLE 248 REST OF ASIA PACIFIC: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 249 REST OF ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 250 REST OF ASIA PACIFIC: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 251 REST OF ASIA PACIFIC: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
     12.5 SOUTH AMERICA 
             12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 49 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022
                       FIGURE 50 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       TABLE 252 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 253 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 254 SOUTH AMERICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 255 SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 256 SOUTH AMERICA: MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 257 SOUTH AMERICA: MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 258 SOUTH AMERICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 259 SOUTH AMERICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 260 SOUTH AMERICA: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 261 SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 262 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 263 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 264 SOUTH AMERICA: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 265 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 266 SOUTH AMERICA: MARKET, BY NATURE, 2018–2022 (USD MILLION)
                       TABLE 267 SOUTH AMERICA: MARKET, BY NATURE, 2023–2028 (USD MILLION)
             12.5.2 BRAZIL
                       12.5.2.1 High processing and export capabilities coupled with increased adoption of plant-based foods to drive growth
                                   TABLE 268 BRAZIL: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 269 BRAZIL: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 270 BRAZIL: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 271 BRAZIL: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.5.3 ARGENTINA
                       12.5.3.1 Environmental, nutritional, and animal welfare concerns among youth to drive demand for plant-based protein
                                   TABLE 272 ARGENTINA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 273 ARGENTINA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 274 ARGENTINA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 275 ARGENTINA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.5.4 COLUMBIA
                       12.5.4.1 Rapid surge in vegan population to encourage popularity of plant-based protein
                                   TABLE 276 COLUMBIA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 277 COLUMBIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 278 COLUMBIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 279 COLUMBIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.5.5 PERU
                       12.5.5.1 Environmental considerations, nutritional awareness, and concerns about animal welfare to spur market
                                   TABLE 280 PERU: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 281 PERU: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 282 PERU: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 283 PERU: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.5.6 CHILE
                       12.5.6.1 Focus on promoting a vegan-friendly lifestyle to boost growth
                                   TABLE 284 CHILE: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 285 CHILE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 286 CHILE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 287 CHILE: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.5.7 REST OF SOUTH AMERICA
                       TABLE 288 REST OF SOUTH AMERICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 289 REST OF SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 290 REST OF SOUTH AMERICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 291 REST OF SOUTH AMERICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
     12.6 REST OF THE WORLD (ROW) 
             12.6.1 ROW: RECESSION IMPACT ANALYSIS
                       FIGURE 51 ROW: RECESSION IMPACT ANALYSIS
                       TABLE 292 ROW: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 293 ROW: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 294 ROW: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                       TABLE 295 ROW: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 296 ROW: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 297 ROW: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 298 ROW: MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 299 ROW: MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 300 ROW: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                       TABLE 301 ROW: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       TABLE 302 ROW: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 303 ROW: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 304 ROW: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 305 ROW: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       TABLE 306 ROW: MARKET, BY NATURE, 2018–2022 (USD MILLION)
                       TABLE 307 ROW: MARKET, BY NATURE, 2023–2028 (USD MILLION)
             12.6.2 AFRICA
                       12.6.2.1 Favorable processing conditions coupled with rising consumer awareness about health issues to boost market growth
                                   TABLE 308 AFRICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                                   TABLE 309 AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                                   TABLE 310 AFRICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 311 AFRICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 312 AFRICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 313 AFRICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.2.2 South Africa
                                   TABLE 314 SOUTH AFRICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 315 SOUTH AFRICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 316 SOUTH AFRICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 317 SOUTH AFRICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.2.3 Morocco
                                   TABLE 318 MOROCCO: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 319 MOROCCO: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 320 MOROCCO: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 321 MOROCCO: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.2.4 Algeria
                                   TABLE 322 ALGERIA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 323 ALGERIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 324 ALGERIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 325 ALGERIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.2.5 Kenya
                                   TABLE 326 KENYA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 327 KENYA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 328 KENYA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 329 KENYA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.2.6 Rest of Africa
                                   TABLE 330 REST OF AFRICA: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 331 REST OF AFRICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 332 REST OF AFRICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 333 REST OF AFRICA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
             12.6.3 MIDDLE EAST
                       12.6.3.1 Demand for plant-based convenience foods to drive growth of plant-based protein industry
                                   TABLE 334 MIDDLE EAST: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                                   TABLE 335 MIDDLE EAST: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                                   TABLE 336 MIDDLE EAST: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 337 MIDDLE EAST: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 338 MIDDLE EAST: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 339 MIDDLE EAST: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.3.2 Saudi Arabia
                                   TABLE 340 SAUDI ARABIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 341 SAUDI ARABIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 342 SAUDI ARABIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 343 SAUDI ARABIA: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
                       12.6.3.3 Rest of Middle East
                                   TABLE 344 REST OF MIDDLE EAST: MARKET, BY SOURCE, 2018–2022 (USD MILLION)
                                   TABLE 345 REST OF MIDDLE EAST: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 346 REST OF MIDDLE EAST: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)
                                   TABLE 347 REST OF MIDDLE EAST: MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 289)
     13.1 OVERVIEW 
     13.2 MARKET SHARE ANALYSIS 
               TABLE 348 MARKET FORECAST: INTENSITY OF COMPETITIVE RIVALRY
     13.3 STRATEGIES ADOPTED BY KEY PLAYERS 
               TABLE 349 STRATEGIES ADOPTED BY KEY PLAYERS
     13.4 HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS 
               FIGURE 52 HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS, 2018–2022 (USD BILLION)
     13.5 ANNUAL REVENUE VS. GROWTH (KEY PLAYERS) 
               FIGURE 53 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022
     13.6 EBITDA OF KEY PLAYERS 
               FIGURE 54 EBITDA OF KEY PLAYERS, 2022 (USD BILLION)
     13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 55 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS, 2022
     13.8 COMPANY EVALUATION MATRIX FOR KEY PLAYERS 
             13.8.1 STARS
             13.8.2 EMERGING LEADERS
             13.8.3 PERVASIVE PLAYERS
             13.8.4 PARTICIPANTS
                       FIGURE 56 COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022
             13.8.5 COMPANY FOOTPRINT
                       TABLE 350 COMPANY FOOTPRINT, PLANT-BASED PROTEIN MARKET BY SOURCE
                       TABLE 351 COMPANY FOOTPRINT, BY TYPE
                       TABLE 352 COMPANY FOOTPRINT, BY APPLICATION
                       TABLE 353 COMPANY FOOTPRINT, BY REGION
                       TABLE 354 OVERALL COMPANY FOOTPRINT
     13.9 START-UP/SME EVALUATION MATRIX 
             13.9.1 PROGRESSIVE COMPANIES
             13.9.2 RESPONSIVE COMPANIES
             13.9.3 DYNAMIC COMPANIES
             13.9.4 STARTING BLOCKS
                       FIGURE 57 START-UP/SME EVALUATION MATRIX, 2022
             13.9.5 COMPETITIVE BENCHMARKING
                       TABLE 355 DETAILED LIST OF KEY START-UPS/SMES
                       TABLE 356 COMPETITIVE BENCHMARKING OF START-UPS/SMES
     13.10 COMPETITIVE SCENARIO 
               13.10.1 PRODUCT LAUNCHES
                       TABLE 357 MARKET: PRODUCT LAUNCHES, 2019–2021
               13.10.2 DEALS
                       TABLE 358 MARKET: DEALS, 2019–2022
               13.10.3 OTHERS
                       TABLE 359 PLANT BASED PROTEIN MARKET: OTHERS, 2019–2022
 
14 COMPANY PROFILES (Page No. - 314)
     14.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
             14.1.1 ADM
                       TABLE 360 ADM: BUSINESS OVERVIEW
                       FIGURE 58 ADM: COMPANY SNAPSHOT
                       TABLE 361 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 362 ADM: PRODUCT LAUNCHES
                       TABLE 363 ADM: DEALS
                       TABLE 364 ADM: OTHERS
             14.1.2 CARGILL, INCORPORATED
                       TABLE 365 CARGILL, INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 59 CARGILL, INCORPORATED: COMPANY SNAPSHOT
                       TABLE 366 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 367 CARGILL, INCORPORATED: OTHERS
             14.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       TABLE 368 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
                       FIGURE 60 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
                       TABLE 369 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.4 INGREDION
                       TABLE 370 INGREDION: BUSINESS OVERVIEW
                       FIGURE 61 INGREDION: COMPANY SNAPSHOT
                       TABLE 371 INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 372 INGREDION: PRODUCT LAUNCHES
                       TABLE 373 INGREDION: DEALS
                       TABLE 374 INGREDION: OTHERS
             14.1.5 ROQUETTE FRÈRES
                       TABLE 375 ROQUETTE FRÈRES: BUSINESS OVERVIEW
                       TABLE 376 ROQUETTE FRÈRES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 377 ROQUETTE FRÈRES: DEALS
                       TABLE 378 ROQUETTE FRÈRES: OTHERS
             14.1.6 WILMAR INTERNATIONAL LTD.
                       TABLE 379 WILMAR INTERNATIONAL LTD.: PLANT-BASED PROTEIN MARKET BUSINESS OVERVIEW
                       FIGURE 62 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT
                       TABLE 380 WILMAR INTERNATIONAL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.7 GLANBIA PLC
                       TABLE 381 GLANBIA PLC: BUSINESS OVERVIEW
                       FIGURE 63 GLANBIA PLC: COMPANY SNAPSHOT
                       TABLE 382 GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 383 GLANBIA PLC: PRODUCT LAUNCHES
                       TABLE 384 GLANBIA PLC: DEALS
             14.1.8 KERRY GROUP PLC
                       TABLE 385 KERRY GROUP PLC: BUSINESS OVERVIEW
                       FIGURE 64 KERRY GROUP PLC: COMPANY SNAPSHOT
                       TABLE 386 KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 387 KERRY GROUP PLC: DEALS
                       TABLE 388 KERRY GROUP PLC: OTHERS
             14.1.9 DSM
                       TABLE 389 DSM: BUSINESS OVERVIEW
                       FIGURE 65 DSM: COMPANY SNAPSHOT
                       TABLE 390 DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 391 DSM: DEALS
             14.1.10 AGT FOOD AND INGREDIENTS
                       TABLE 392 AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW
                       TABLE 393 AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 394 AGT FOOD AND INGREDIENTS: DEALS
             14.1.11 BURCON NUTRASCIENCE CORPORATION
                       TABLE 395 BURCON NUTRASCIENCE CORPORATION: BUSINESS OVERVIEW
                       FIGURE 66 BURCON NUTRASCIENCE CORPORATION: COMPANY SNAPSHOT
                       TABLE 396 BURCON NUTRASCIENCE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 397 BURCON NUTRASCIENCE CORPORATION: DEALS
                       TABLE 398 BURCON NUTRASCIENCE CORPORATION: OTHERS
             14.1.12 EMSLAND GROUP
                       TABLE 399 EMSLAND GROUP: PLANT BASED PROTEIN MARKET BUSINESS OVERVIEW
                       TABLE 400 EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 401 EMSLAND GROUP: DEALS
             14.1.13 PURIS
                       TABLE 402 PURIS: BUSINESS OVERVIEW
                       TABLE 403 PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 404 PURIS: OTHERS
             14.1.14 COSUCRA
                       TABLE 405 COSUCRA: BUSINESS OVERVIEW
                       TABLE 406 COSUCRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 407 COSUCRA: PRODUCT LAUNCHES
                       TABLE 408 COSUCRA: OTHERS
             14.1.15 TATE & LYLE
                       TABLE 409 TATE & LYLE: BUSINESS OVERVIEW
                       FIGURE 67 TATE & LYLE: COMPANY SNAPSHOT
                       TABLE 410 TATE & LYLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 411 TATE & LYLE: DEALS
     14.2 OTHER PLAYERS/START-UPS/SMES 
             14.2.1 BENEO GMBH
                       TABLE 412 BENEO GMBH: BUSINESS OVERVIEW
                       TABLE 413 BENEO GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 414 BENEO GMBH: DEALS
                       TABLE 415 BENEO GMBH: OTHERS
             14.2.2 SOTEXPRO
                       TABLE 416 SOTEXPRO: BUSINESS OVERVIEW
                       TABLE 417 SOTEXPRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.2.3 SHANDONG JIANYUAN GROUP
                       TABLE 418 SHANDONG JIANYUAN GROUP: BUSINESS OVERVIEW
                       TABLE 419 SHANDONG JIANYUAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.2.4 AMCO PROTEINS
                       TABLE 420 AMCO PROTEINS: BUSINESS OVERVIEW
                       TABLE 421 AMCO PROTEINS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 422 AMCO PROTEINS: OTHERS
             14.2.5 AUSTRALIAN PLANT PROTEINS PTY LTD.
                       TABLE 423 AUSTRALIAN PLANT PROTEINS PTY LTD.: BUSINESS OVERVIEW
                       TABLE 424 AUSTRALIAN PLANT PROTEINS PTY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.2.6 NUTRAFERMA, INC.
                       TABLE 425 NUTRAFERMA, INC.: BUSINESS OVERVIEW
                       TABLE 426 NUTRAFERMA, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.2.7 MYCOTECHNOLOGY, INC.
                       TABLE 427 MYCOTECHNOLOGY, INC.: BUSINESS OVERVIEW
                       TABLE 428 MYCOTECHNOLOGY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 429 MYCOTECHNOLOGY, INC.: PRODUCT LAUNCHES
                       TABLE 430 MYCOTECHNOLOGY, INC.: DEALS
                       TABLE 431 MYCOTECHNOLOGY, INC.: OTHERS
             14.2.8 EUROPEAN PROTEIN A/S
                       TABLE 432 EUROPEAN PROTEIN A/S: BUSINESS OVERVIEW
                       TABLE 433 EUROPEAN PROTEIN A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.2.9 AXIOM FOODS, INC.
             14.2.10 AMINOLA
             14.2.11 THE GREEN LABS LLC.
             14.2.12 ETCHEM
             14.2.13 PROEON
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
15 ADJACENT AND RELATED MARKETS (Page No. - 378)
     15.1 INTRODUCTION 
               TABLE 434 MARKETS ADJACENT TO PLANT-BASED PROTEIN MARKET GROWTH
     15.2 LIMITATIONS 
     15.3 PEA PROTEIN MARKET 
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
             15.3.3 PEA PROTEIN MARKET, BY FORM
                       TABLE 435 PEA PROTEIN MARKET, BY FORM, 2017–2020 (USD MILLION)
                       TABLE 436 PEA PROTEIN MARKET, BY FORM, 2021–2027 (USD MILLION)
             15.3.4 PEA PROTEIN MARKET, BY REGION
                       TABLE 437 PEA PROTEIN MARKET, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 438 PEA PROTEIN MARKET, BY REGION, 2021–2027 (USD MILLION)
     15.4 SOY PROTEIN INGREDIENTS MARKET 
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
             15.4.3 SOY PROTEIN INGREDIENTS MARKET, BY TYPE
                       TABLE 439 SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                       TABLE 440 SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
             15.4.4 SOY PROTEIN INGREDIENTS MARKET, BY REGION
                       TABLE 441 SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 442 SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)
     15.5 PROTEIN INGREDIENTS MARKET 
             15.5.1 MARKET DEFINITION
             15.5.2 MARKET OVERVIEW
             15.5.3 PROTEIN INGREDIENTS MARKET, BY SOURCE
                       TABLE 443 PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 444 PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION)
             15.5.4 PROTEIN INGREDIENTS MARKET, BY REGION
                       TABLE 445 PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 446 PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
16 APPENDIX (Page No. - 387)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 

This research study involved the extensive use of secondary sources directories and databases such as Bloomberg Businessweek and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the plant-based protein market report. In-depth interviews were conducted with various primary respondents such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess prospects.

Secondary Research

The secondary sources referred for this research study include government sources, the EU Commission, the European Food Safety Authority, the German Federal Institute of Risk Assessment, the Food Safety and Standards Authority of India (FSSAI), and the Japanese Ministry of Health, Labor and Welfare have referred to, to identify and collect information for this study. The secondary sources also included plant-based proteins annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and paid databases.

Secondary research was used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research. It was also used to obtain information on the key developments from a market-oriented perspective.

Primary Research

The plant-based protein market comprises multiple stakeholders, including raw material suppliers, processed food suppliers, and regulatory organizations in the supply chain. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce to the manufacturers, and importers & exporters of plant-based protein products, from the demand side include distributors, wholesalers, and key opinion leaders through questionnaires, emails, and telephonic interviews.

 

Plant Based Protein Market Primary Participants

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • Both top-down and bottom-up approaches were used to estimate and validate the total size of the plant based protein market. These approaches were also used extensively to estimate the size of various dependent submarkets. The research methodology used to estimate the market size includes the following:
  • Key players were identified through extensive secondary research.
  • The industry’s supply chain and market size were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of top market players, along with extensive interviews for key opinions from industry experts (such as CEOs, vice presidents, directors, and marketing executives).

The following sections (bottom-up & top-down) (supply-demand) depict the overall market size estimation process employed for this study.

Plant-Based Protein Market Size Estimation (Bottom-Up Approach)

Through the bottom-up approach, the data extracted from secondary research was utilized to validate the market segment sizes obtained. The approach was employed to arrive at the overall size of the plant-based protein market in particular regions, and its share in the market was validated through primary interviews conducted with product manufacturers, suppliers, dealers, and distributors.

With the data triangulation procedure and validation of data through primaries, the overall size of the parent market and each segmental market were determined.

Plant Based Protein Market Bottom-Up Approach

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Plant-Based Protein Market Size Estimation (Top-Down Approach)

For the estimation of the plant-based protein market, the size of the most appropriate immediate parent market was considered to implement the top-down approach. For the plant based protein market, the plant-based food market was considered as the parent market to arrive at the market size, which was again used to estimate the size of individual markets (mentioned in the market segmentation) through percentage shares arrived from secondary and primary research.

Plant Based Protein Market Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To estimate the overall plant-based protein market and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Plant protein refers to the derivation of protein from plant-based sources, such as pulses, grains, and seeds. Different sources of plant-based protein include soy, wheat, pea, canola, rice, and potato. Proteins are polymers of amino acids, which are used in various applications for their nutritional and functional properties. Their potential to increase the nutritional level and the resultant healthy diet makes them one of the key ingredients in both the food and feed industries.

According to the US Agency for International Development (USAID), “Soy protein concentrates (SPC), and soy protein isolates (SPI) are processed food ingredients produced from wholly defatted soy meal through a water extraction process. The resulting concentrates and isolates contain 65%-90% protein, respectively, and are used as ingredients to enrich other food products.”.

Stakeholders

  • Food & beverage manufacturers, suppliers, and processors
  • Research & development institutions
  • Traders & retailers
  • Distributors, importers, and exporters
  • Regulatory bodies
    • Organizations such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Agency (EFSA), EUROPA, and Food Safety Australia and New Zealand (FSANZ)
    • Government agencies
  • Intermediary suppliers
  • Universities and industry bodies
  • End users

Report Objectives

Market Intelligence

  • Determining and projecting the size of the plant-based protein market with respect to source, application, formulation, distribution channel, and region over a five-year period ranging from 2023 to 2028.
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions and analyzing the demand-side factors based on the following:
    • Impact of macro- and micro-economic factors on the market
    • Shifts in demand patterns across different subsegments and regions

Competitive Intelligence

  • Identifying and profiling the key market players in the plant-based protein market
  • Determining the market share of key players operating in the plant based protein market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by key players across the key regions
  • Providing insights on the trade scenario

Available Customizations:

MarketsandMarkets offers customizations according to client-specific scientific needs with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • Further breakdown of the rest of the Asia Pacific’s plant-based protein market into Singapore, Cambodia, Sri Lanka, Taiwan, Myanmar, Nepal, Tonga.
  • Further breakdown of the rest of Europe's plant based protein market into Denmark, Russia, and other EU and non-EU countries.
  • Further breakdown of the Rest of South America includes Ecuador, Paraguay, Uruguay, Venezuela.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
FB 7358
Published ON
Oct, 2023
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