Plant-based Protein Market by Source (Soy, Wheat & Pea), Type (Isolates, Concentrates, & Textured), Application (Food (Meat Alternatives, Dairy Alternatives, Performance Nutrition & others) and Feed), Form, Nature and Region - Global Forecast to 2027
[253 Pages Report] The plant-based protein market size is projected to grow from USD 12.2 billion in 2022 to 17.4 billion by 2027, at a CAGR of 7.3% between 2022 and 2027. Plant-based proteins are considered a more sustainable alternative for animal sourced proteins, with regards to both personal and environmental health. The significant increase in the demand for plant-based foods due to rise in adoption of veganism and health concerns such as cardiovascular diseases have contributed to the growth of this industry. Plant-based proteins are also becoming increasingly popular among the consumers because of their perceived health benefits of obesity management which is also a prevalent issue globally.
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Market Dynamics
Drivers: Innovation & developments related to plant-based protein to augment vegan trend
According to a study published by the European Vegetarian Union in 2019, the vegan population in Europe contributes to more than 6% of the European population. Moreover, according to The Vegan Society, the vegan population in the UK raised above 600,000 in 2019, an increase of 300% compared to the vegan population in 2014. This formed one of the prime factors driving the food & beverage manufacturers toward innovation and development of meat alternatives, dairy alternatives, and protein nutritional beverages, and a boost to plant-based food & beverages. Manufacturers such as Archer Daniels Midland Company (US), DuPont (US), Roquette Frères (France), Kerry Group (Ireland), Ingredion (US), Beyond Meat (US), and Tyson Foods (US) have been emphasizing the development of plant-based protein food & beverages.
Restraints: Allergies associated with plant-based protein sources, such as soy & wheat
Plant-based food & beverages have functional health benefits and consist of essential minerals; however, humans have been allergic to their consumption in several cases, thus restraining the market growth. For instance, soybeans are rich in nutrient content, such as vitamins, minerals, and proteins; however, anti-nutritional components present in soy could cause allergies. According to the Cleveland Clinic, soy is one of the “Big Eight” allergens, along with cow’s milk, eggs, peanuts, tree nuts, wheat, fish, and shellfish, responsible for 90% of all food allergies. A soy allergy occurs when the human immune system mistakes the harmless proteins found in soy as harmful and produces antibodies to combat them. Moreover, soy protein has large quantities of phytic acid, which has the potential to block the absorption of essential minerals, such as calcium, magnesium, copper, iron, and zinc. Soy allergy could also lead to itching and hives in humans. Other symptoms include bloating, diarrhea, nausea, and abdominal pain.
A study published by the National Institute of Health (NIH) in 2019 recognized wheat as a staple food and an important source of nutrients for many millions of people. However, the last few years have seen increasing concerns about the adverse effects of wheat on health, particularly in the North American and European regions. Wheat gluten proteins cause a range of adverse reactions, including allergies, coeliac disease, and non‐coeliac gluten sensitivity in humans. Celiac disease can affect genetically predisposed human beings of all ages; however, it often begins in the middle infancy stage. The inflammation and destruction of the inner lining of the small intestines in celiac disease are caused by an allergic reaction to gluten in the diet. Therefore, allergies caused due to a few plant-based ingredient sources are projected to restrain the global market during the forecast period.
Opportunities: Focus on aquatic plants as new & emerging sources of protein
With the rise in health awareness among consumers, the shift toward personalized nutrition has been robust. In recent times, consumers have been conscious and specific about the food they consume and its effects on the body. Besides soy, wheat, and pea, as the major sources of plant-based protein, aquatic plants pose a massive opportunity to obtain proteins and ingredients that match the unique physiological and metabolic needs of the consumers.
The natural synthesis of plant-based protein is the result of a series of transformations, in which several chemical elements combine in a specific form, and the energy for the process is obtained from the sunlight. The crucial agent responsible for this unique process is the chlorophyll present in plants. Over 70% of the solar energy is directed at the oceans and freshwater bodies, such as rivers, lakes, and swamps. A largely untapped resource of aquatic proteins, suitable for human consumption, exists in the water bodies present globally and can be increased by advanced aquaculture techniques.
Challenges: Concerns over quality of food & beverages due to adulteration of GM ingredients
Soy, wheat, and pea are among the prominent sources used to obtain plant-based proteins and are highly produced in Brazil, the US, Argentina, China, and India. With the augmenting demand for plant-based food & beverages among the consumers, the demand for soy, wheat, and pea has also increased. However, to meet the growing demand for various plant-based protein sources, adulteration with Genetically Modified (GM) ingredients poses an emerging threat. For instance, non-GMO soybeans are primarily used for human consumption, whereas GM soybeans are found mostly in livestock feed. However, producers need to put extra attention and effort into the production of non-GMO soybeans, resulting in higher cost consumption involved in profits and lower profits.
Most GM soy is industrially produced with hexane, detrimental to human health if consumed in larger quantities. Thus, the consumption of plant-based food products that have been manufactured by GM soybean has resulted in a point of concern for consumers globally.
By source, pea is projected to account for the fastest growing segment during the forecast period.
Based on source, pea is projected to witness the fastest growth among all the sources for plant-based proteins. Unlike other sources of plant-based proteins such as soy and wheat which are considered allergens because of soy and wheat-gluten allergy, pea is not considered as a major allergen and offer a rich nutritional profile. Due to this positive perception of pea as a source of plant-based proteins, it has been gaining significant traction in the market in the recent years and is expected to grow at a significant rate during the forecast period.
By type, the isolates segment is expected to grow at a significant CAGR in the plant-based protein market.
Based on type, isolates segment is expected to account for the fastest growing segment. Plant-based protein isolates offer a high nutritional content that finds a range of applications in nutritional and functional foods. Another factor contributing to the growth of this segment is that the plant-based protein isolates are more digestible and are widely considered as safest type of plant-based proteins, which even find major applications in infant foods.
By form, the liquid segment is estimated to grow with the highest CAGR during the forecast period.
By form, the liquid form of plant-based protein processing is expected to witness the fastest growth rate over the forecast period. The wet form of protein processing offers higher nutritional content and caters to nutritional supplements and beverages where the protein requirement tends to be higher than other food applications. This segment is expected to witness substantial growth over the forecasted period as the demand for plant-based proteins continue to increase in nutritional supplement products across the globe.
By nature, the organic segment is estimated to grow with a higher CAGR during the forecast period.
By nature, the organic segment is expected to witness the fastest growth rate during the forecast period. As the demand for clean-label food and transparency about food origin continues to gain significance, the organic plant-based protein segment will witness significant growth prospects over the forecast period. The rise in number of environmental and health conscious consumers around the world are contributing to the growth of this segment.
By application, the feed segment is projected to witness significant growth rate during the forecast period.
By application, the feed segment accounts for the second-largest application segment and is projected to grow at a significant CAGR during the forecast period. Plant-based proteins are extensively used in feed products as the demand for clean label and sustainable feed options continue to grow in this industry. Different sources of plant-based proteins such as potato proteins, have been proven to be effective in enhancing the yields of animals. There has also been significant demand for high-grade premixes such as protein-based feeds, which includes isolates, that are driving the market growth for this segment and are likely to provide significant growth prospects over the forecast period.
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Asia Pacific region accounts for the fastest growing market, by region in the plant-based protein market. The growth of the plant-based protein industry in this region is primarily attributed to the religious considerations of people which influences the dietary preferences towards plant-based foods and proteins. The rise of cardiovascular and other forms of heart diseases in the region have also been a significant factor in people shifting towards adopting more plant-based protein in their diets. The ready availability of raw materials and cheap labour in countries like China and India have made them key manufacturing bases for plant-based protein manufacturers due to which they represent a large bulk of the imports and production in the region.
Key Market Players:
Key players in this market include ADM (US), Cargill (US), DuPont (US), Wilmar International Ltd (Singapore), Roquette Frères (France), Glanbia plc (Ireland), Kerry Group PLC (Ireland), DSM (Netherlands), Ingredion (US), Emsland Group (Germany).
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Report Metric |
Details |
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Market size estimation |
2018–2027 |
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Base year considered |
2021 |
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Forecast period considered |
2022–2027 |
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Units considered |
Value (USD Billion) and Volume (KT) |
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Segments covered |
Source, type, form, nature, application, and region |
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Regions covered |
North America, Europe, Asia Pacific, South America, and RoW |
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Companies studied |
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This research report categorizes the plant-based protein market based on source, type, form, nature, and region.
By source
- Soy
- Wheat
- Pea
- Other sources (canola protein, rice protein, potato protein, and beans & seeds)
By type
- Concentrates
- Isolates
- Textured
By form
- Dry
- Liquid
By nature
- Conventional
- Organic
By application
- Food
- Meat alternatives
- Dairy alternatives
- Bakery products
- Performance nutrition
- Convenience foods
- Other food applications (confectioneries, beverages, baby food products, and dairy & dairy products)
- Feed
By Region
- North America
- Europe
- Asia Pacific
- South America
- RoW
- Middle East
- Africa
Recent Developments
- In April 2022, Cargill (US) announced the expansion of its Radipure pea protein product offerings to the Middle East, Turkey, Africa, and Indian markets to meet the rising demand for pea protein as an alternative source of protein from these regions.
- In July 2021, ADM (US) acquired Sojaprotein (Serbia), one of the largest producers of plant-based protein in Southern Europe, to enhance their production capabilities and cater to the rapidly growing global demand for plant-based proteins.
- In September 2020, ADM (US) launched Prolite MeatTEX and Prolite MeatXT, which are a range of textured and non-textured wheat proteins, respectively, that enhance the texture and density of meat alternatives. With this product launch, ADM completed its product portfolio of textured soy, wheat, and pea proteins.
- In September 2020, ADM (US) launched Arcon T, a range of textured pea proteins, to enhance its product portfolio and meet the rising demand for pea proteins. This is expected to enhance the company’s business opportunities.
Frequently Asked Questions (FAQ):
What is the estimated industry size of plant-based protein?
The global plant-based protein market was valued at USD 11,425.1 million in 2021, and is projected to reach USD 17,387.3 million by 2027, registering a CAGR of 7.3% from 2022 to 2027.
Which is the leading application in the plant-based protein market?
The food segment was the highest revenue contributor to the market, with USD 9,235.1 million in 2021, and is expected to reach USD 14,227.67 million by 2027, with a CAGR of 7.6%.
Which is the leading source in the plant-based protein market?
The soy segment was the highest revenue contributor to the market, with USD 7,243.5 million in 2021, and is estimated to reach USD 10,830.2 million by 2027, with a CAGR of 7.0%.
What kind of information is provided in the competitive landscape section?
For the list of below-mentioned players, company profiles provide insights such as a business overview covering information on the company’s business segments, financials, geographic presence, revenue mix, and business revenue mix. The company profiles section also provides information on product offerings, key developments associated with the company, SWOT analysis, and MnM view to elaborate analyst view on the company. Some of the key players in the market are ADM (US), Cargill (US), DuPont (US), Wilmar International Ltd (Singapore), Roquette Frères (France), Glanbia plc (Ireland), Kerry Group PLC (Ireland), DSM (Netherlands), Ingredion (US), Emsland Group (Germany).
Which are the major plant-based protein sources considered in this study and which segments are projected to have promising growth rates in the future?
All the major plant-based protein sources such as soy, wheat, pea and other sources such as canola, rice, protein, potato and beans & seeds are considered in the scope of the study. Soy is currently accounting for a dominant share in the plant-based protein market and the pea segment is projected to experience the highest growth rate in the next five years, due to its positive perception among consumers about not being a major allergen and its wide applicability across various food products.
I am interested in the Asia Pacific market for concentrates and isolates segment. Is the customization available for the same? What all information would be included in the same?
Yes, customization for the Asia Pacific market for various segments can be provided on various aspects including market size, forecast, market dynamics, company profiles & competitive landscape. Exclusive insights on below Asia Pacific countries will be provided:
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific (Indonesia, Philippines, Vietnam, Thailand, and South Korea)
Also, you can let us know if there are any other countries of your interest
What are some of the drivers fuelling the growth of the plant-based protein market?
Global plant-based protein market is characterized by the following drivers:
Drivers: Rise in demand for wellness-focused organic food & beverages
The changing consumer preferences have shown their inclination toward adapting a nutritional diet for a healthy lifestyle. A huge percentage of the millennium population in the Western countries have been shifting their food habits to the consumption of organic and plant-based food products as an ideal food solution. In recent years, the adaption of organic plant-based food & beverages among consumers has been higher due to its functional benefits-oriented for a healthy digestive system and prevention of obesity and chronic diseases.
According to the Plant-based Foods Association (PBFA), the retail sales of plant-based alternative food & beverages in the US formulated to replace conventional meat, dairy, eggs, and seafood products and reached USD 7.4 billion in 2021, with a surge of 6% in comparison to the previous year. Moreover, the study also showed that during the COVID-19 outbreak, the US retail sales of plant-based food & beverages spiked by 90% in March 2020 compared to the previous year. The retailers in the US are responding by expanding shelf spaces to tackle the rapidly expanding consumer demand seeking more plant-based food & beverages.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 34)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2021
1.5 VOLUME UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 2 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 primaries
2.1.2.3 Key primary insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 APPROACH ONE – BOTTOM-UP (BASED ON SOURCE), BY REGION – DEMAND SIDE
FIGURE 4 APPROACH TWO – TOP-DOWN (SUPPLY SIDE)
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION METHODOLOGY
2.4 ASSUMPTIONS
2.5 LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 49)
TABLE 2 MARKET SNAPSHOT, 2022 VS. 2027
FIGURE 6 MARKET SIZE FOR PLANT-BASED PROTEIN, BY SOURCE, 2022 VS. 2027 (USD MILLION)
FIGURE 7 MARKET SIZE FOR PLANT-BASED PROTEIN, BY TYPE, 2022 VS. 2027 (USD MILLION)
FIGURE 8 MARKET SIZE FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
FIGURE 9 MARKET SIZE FOR PLANT-BASED PROTEIN, BY NATURE, 2022 VS. 2027 (USD MILLION)
FIGURE 10 MARKET SIZE FOR PLANT-BASED PROTEIN, BY FORM, 2022 VS. 2027 (USD MILLION)
FIGURE 11 MARKET SHARE (VALUE), BY REGION, 2021
4 PREMIUM INSIGHTS (Page No. - 55)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET
FIGURE 12 INCREASING ADOPTION OF VEGAN AND FLEXITARIAN DIETS GLOBALLY TO PROPEL GROWTH OF PLANT-BASED PROTEIN MARKET
4.2 NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE AND COUNTRY
FIGURE 13 US REGION AND SOY SEGMENT TO ACCOUNT FOR LARGEST SHARES IN NORTH AMERICAN PLANT-BASED PROTEIN MARKET IN 2021
4.3 MARKET FOR PLANT-BASED PROTEIN, BY TYPE
FIGURE 14 CONCENTRATES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION
FIGURE 15 FOOD SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 PLANT-BASED PROTEIN MARKET, BY FORM
FIGURE 16 DRY FORM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.6 MARKET FOR PLANT-BASED PROTEIN, BY SOURCE AND REGION
FIGURE 17 NORTH AMERICA AND SOY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.7 MARKET FOR PLANT-BASED PROTEIN, BY NATURE
FIGURE 18 CONVENTIONAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 59)
5.1 INTRODUCTION
FIGURE 19 US: ANNUAL SALES OF PLANT-BASED FOOD & BEVERAGES, 2018–2021 (USD BILLION)
5.2 MARKET DYNAMICS
FIGURE 20 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rise in demand for wellness-focused organic food & beverages
5.2.1.2 Innovation & developments related to plant-based protein to augment vegan trend
FIGURE 21 US: FOOD PREFERENCES OF POPULATION, 2018
5.2.1.3 Rise in population with lactose intolerance
TABLE 3 LACTOSE INTOLERANCE RATE, BY ETHNICITY
5.2.1.4 Growth in investment & collaboration in plant-based food business
FIGURE 22 GREENHOUSE GAS EMISSIONS FROM AVERAGE FOOD CONSUMPTION, BY FOOD TYPE, 2018
5.2.1.5 Continual rise in demand for food & beverages with organic ingredients
5.2.1.6 Increase in consumer focus on meat alternatives
5.2.2 RESTRAINTS
5.2.2.1 Allergies associated with plant-based protein sources, such as soy & wheat
5.2.2.2 Possibilities of nutritional & vitamin deficiencies among vegans
5.2.3 OPPORTUNITIES
5.2.3.1 Focus on aquatic plants as new & emerging sources of protein
5.2.4 CHALLENGES
5.2.4.1 Concerns over quality of food & beverages due to adulteration of GM ingredients
5.2.4.2 Economic constraints related to processing capacity of pea protein
5.2.4.3 Concern regarding taste and texture offered by plant-based protein
6 INDUSTRY TRENDS (Page No. - 68)
6.1 INTRODUCTION
6.2 VALUE CHAIN
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
6.2.2 RAW MATERIAL SOURCING
6.2.3 PRODUCTION & PROCESSING
6.2.4 DISTRIBUTION
6.2.5 MARKETING & SALES
FIGURE 23 VALUE CHAIN ANALYSIS OF PLANT-BASED PROTEIN MARKET
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 PLANT-BASED PROTEIN MARKET: SUPPLY CHAIN
6.4 TECHNOLOGY ANALYSIS
6.4.1 EXTRUSION
6.5 PRICING ANALYSIS: PLANT-BASED PROTEIN MARKET
6.5.1 AVERAGE SELLING PRICE, BY SOURCE
FIGURE 1 GLOBAL: AVERAGE SELLING PRICE, BY SOURCE
TABLE 4 SOY: AVERAGE SELLING PRICE (ASP), BY REGION, 2020-2022 (USD/TONS)
TABLE 5 WHEAT: AVERAGE SELLING PRICE (ASP), BY REGION, 2020-2022 (USD/TONS)
TABLE 6 PEA: AVERAGE SELLING PRICE (ASP), BY REGION, 2020-2022 (USD/TONS)
6.6 MARKET MAPPING AND ECOSYSTEM OF PLANT-BASED PROTEIN
6.6.1 DEMAND SIDE
6.6.2 SUPPLY SIDE
FIGURE 2 PLANT-BASED PROTEIN: MARKET MAP
FIGURE 3 PLANT-BASED PROTEIN: ECOSYSTEM MAPPING
TABLE 7 PLANT-BASED PROTEIN MARKET: SUPPLY CHAIN (ECOSYSTEM)
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.8 PLANT-BASED PROTEIN MARKET: PATENT ANALYSIS
FIGURE 5 NUMBER OF PATENTS GRANTED BETWEEN 2012 AND 2021
FIGURE 6 TOP 10 INVESTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
FIGURE 7 TOP 10 APPLICANTS WITH HIGHEST NO. OF PATENT DOCUMENTS
TABLE 8 PATENTS PERTAINING TO PLANT-BASED PROTEIN, 2021–2022
6.9 TRADE DATA: MARKET FOR PLANT-BASED PROTEIN
6.9.1 TRADE DATA: PLANT-BASED PROTEIN SOURCES
TABLE 9 TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG)
TABLE 10 TOP 10 IMPORTERS AND EXPORTERS OF WHEAT, 2021 (KG)
TABLE 11 TOP 10 IMPORTERS AND EXPORTERS OF PEA, 2021 (KG)
6.10 CASE STUDIES
TABLE 12 ADM: SPICED APPLE DRINKABLE YOGURT
TABLE 13 GLANBIA PLC: PLANT SOLUTIONS
6.11 PORTER’S FIVE FORCES ANALYSIS
TABLE 14 MARKET FOR PLANT-BASED PROTEIN: PORTER’S FIVE FORCES ANALYSIS
6.11.1 DEGREE OF COMPETITION
6.11.2 BARGAINING POWER OF SUPPLIERS
6.11.3 BARGAINING POWER OF BUYERS
6.11.4 THREAT OF SUBSTITUTES
6.11.5 THREAT OF NEW ENTRANTS
6.12 KEY CONFERENCES & EVENTS IN 2022-2023
TABLE 15 KEY CONFERENCES & EVENTS IN PLANT-BASED PROTEIN MARKET
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 8 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOURCES
TABLE 16 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOURCES (%)
6.13.2 BUYING CRITERIA
TABLE 17 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
FIGURE 9 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
7 REGULATORY FRAMEWORK (Page No. - 86)
7.1 NORTH AMERICA
7.2 EUROPE
7.3 ASIA PACIFIC
7.4 TARIFF & REGULATORY LANDSCAPE
TABLE 18 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
8 PLANT-BASED PROTEIN MARKET, BY SOURCE (Page No. - 92)
8.1 INTRODUCTION
FIGURE 10 PLANT-BASED PROTEIN MARKET (VALUE), BY SOURCE, 2022 VS. 2027
TABLE 19 MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 20 MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 21 MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (KT)
TABLE 22 MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (KT)
8.2 SOY
8.2.1 SURGE IN DEMAND FOR PLANT-BASED PROTEIN ALTERNATIVES AND INCREASING SOY EXPORTS TO ACCOUNT FOR SOY PROTEIN GROWTH
TABLE 23 SOY: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 24 SOY: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 25 SOY: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (KT)
TABLE 26 SOY: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (KT)
8.3 WHEAT
8.3.1 EXCELLENT BINDING CHARACTERISTICS COUPLED WITH INCREASED USAGE IN ALTERNATIVE MEAT PRODUCTS TO DRIVE GROWTH DURING FORECAST PERIOD
TABLE 27 WHEAT: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 28 WHEAT: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 29 WHEAT: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (KT)
TABLE 30 WHEAT: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (KT)
8.4 PEA
8.4.1 INCREASING SHIFT OF CONSUMERS FROM TRADITIONAL SOURCES OF PLANT PROTEIN TO DRIVE GROWTH OF PEA PROTEIN
TABLE 31 PEA: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 32 PEA: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 33 PEA: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (KT)
TABLE 34 PEA: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (KT)
8.5 OTHER SOURCES
TABLE 35 OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 36 OTHER SOURCES: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 37 OTHER SOURCES: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (KT)
TABLE 38 OTHER SOURCES: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (KT)
9 PLANT-BASED PROTEIN MARKET, BY TYPE (Page No. - 103)
9.1 INTRODUCTION
FIGURE 11 PLANT-BASED PROTEIN MARKET (VALUE), BY TYPE, 2022 VS. 2027
TABLE 39 MARKET FOR PLANT-BASED PROTEIN, BY TYPE, 2018–2021 (USD MILLION)
TABLE 40 MARKET FOR PLANT-BASED PROTEIN, BY TYPE, 2022–2027 (USD MILLION)
TABLE 41 SOY: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 42 SOY: MARKET FOR PLANT-BASED PROTEIN, BY TYPE, 2022–2027 (USD MILLION)
TABLE 43 WHEAT: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 44 WHEAT: MARKET FOR PLANT-BASED PROTEIN, BY TYPE, 2022–2027 (USD MILLION)
TABLE 45 PEA: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 46 PEA: MARKET FOR PLANT-BASED PROTEIN, BY TYPE, 2022–2027 (USD MILLION)
TABLE 47 OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 48 OTHER SOURCES:MARKET FOR PLANT-BASED PROTEIN, BY TYPE, 2022–2027 (USD MILLION)
9.2 CONCENTRATES
9.2.1 PRODUCT INNOVATION AND APPLICATIONS ACROSS FOOD AND NUTRITION SUPPLEMENTS TO DRIVE DEMAND FOR PLANT PROTEIN CONCENTRATES
TABLE 49 CONCENTRATES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 50 CONCENTRATES: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
9.3 ISOLATES
9.3.1 APPLICATION OF PLANT-PROTEIN ISOLATES IN INFANT FOODS AND STRONG DEMAND DUE TO HIGH PROTEIN CONTENT TO DRIVE GROWTH
TABLE 51 ISOLATES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 52 ISOLATES: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
9.4 TEXTURED
9.4.1 INCREASING SHIFT TOWARD PLANT-BASED MEAT DUE TO RISE IN HEALTH CONCERNS TO GROW DEMAND FOR TEXTURED PLANT PROTEINS
TABLE 53 TEXTURED: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 54 TEXTURED: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
10 PLANT-BASED PROTEIN MARKET, BY APPLICATION (Page No. - 111)
10.1 INTRODUCTION
FIGURE 12 PLANT-BASED PROTEIN MARKET (VALUE), BY APPLICATION, 2022 VS. 2027
TABLE 55 MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 56 MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
10.2 FOOD
10.2.1 INCREASED CONSUMPTION OF PLANT-BASED MEAT AND DAIRY ALTERNATIVES TO DRIVE GROWTH DURING FORECAST PERIOD
TABLE 57 FOOD: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (USD MILLION)
TABLE 58 FOOD: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 59 FOOD: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 60 FOOD: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
10.2.2 MEAT ALTERNATIVES
10.2.3 DAIRY ALTERNATIVES
10.2.4 BAKERY PRODUCTS
10.2.5 PERFORMANCE NUTRITION
10.2.6 CONVENIENCE FOODS
10.2.7 OTHER FOOD APPLICATIONS
10.3 FEED
10.3.1 INCREASED DEMAND FOR CLEAN LABEL AND SUSTAINABLE FEED PRODUCTS TO DRIVE DEMAND FOR PLANT-BASED PROTEIN IN FEED APPLICATIONS
TABLE 61 FEED: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 62 FEED: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
11 PLANT-BASED PROTEIN MARKET, BY NATURE (Page No. - 119)
11.1 INTRODUCTION
FIGURE 13 PLANT-BASED PROTEIN MARKET (VALUE), BY NATURE, 2022 VS. 2027
TABLE 63 MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2018–2021 (USD MILLION)
TABLE 64 MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2022–2027 (USD MILLION)
11.2 CONVENTIONAL
11.2.1 INCREASED APPLICATION OF PLANT-BASED FOODS IN FOOD AND FEED INDUSTRIES TO BOOST GROWTH OF CONVENTIONAL PROTEINS
TABLE 65 CONVENTIONAL NATURE: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (USD MILLION)
TABLE 66 CONVENTIONAL NATURE: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
11.3 ORGANIC
11.3.1 DEMAND FOR CLEAN LABEL INGREDIENTS AND TRANSPARENCY ABOUT FOOD ORIGIN TO DRIVE GROWTH FOR ORGANIC PLANT-BASED PROTEIN
TABLE 67 ORGANIC NATURE: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 68 ORGANIC NATURE: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
12 PLANT-BASED PROTEIN MARKET, BY FORM (Page No. - 124)
12.1 INTRODUCTION
FIGURE 14 PLANT-BASED PROTEIN MARKET (VALUE), BY FORM, 2022 VS. 2027
TABLE 69 MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2018–2021 (USD MILLION)
TABLE 70 MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2022–2027 (USD MILLION)
12.2 DRY
12.2.1 INCREASING APPLICATIONS OF DRY PROTEIN PRODUCTS IN PLANT-BASED FOOD AND BEVERAGES INDUSTRY TO DRIVE MARKET GROWTH
TABLE 71 DRY FORM: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (USD MILLION)
TABLE 72 DRY FORM: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
12.3 LIQUID
12.3.1 HIGHER PROTEIN ENRICHMENT REQUIREMENTS IN NUTRITIONAL SUPPLEMENTS TO DRIVE GROWTH FOR LIQUID PLANT PROTEIN
TABLE 73 LIQUID FORM: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 74 LIQUID FORM: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
13 PLANT-BASED PROTEIN MARKET, BY REGION (Page No. - 129)
13.1 INTRODUCTION
FIGURE 15 INDIA AND JAPAN TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
TABLE 75 MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (USD MILLION)
TABLE 76 MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 77 MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2018–2021 (KT)
TABLE 78 MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (KT)
13.2 NORTH AMERICA
FIGURE 16 NORTH AMERICA: REGIONAL SNAPSHOT, 2021
TABLE 79 NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 80 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 81 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 82 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 83 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (KT)
TABLE 84 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (KT)
TABLE 85 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 86 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 87 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2018–2021 (USD MILLION)
TABLE 88 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2022–2027 (USD MILLION)
TABLE 89 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2018–2021 (USD MILLION)
TABLE 90 NORTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2022–2027 (USD MILLION)
13.2.1 US
13.2.1.1 Rising awareness of environmental and personal health to drive growth and demand for plant-based protein ingredients
TABLE 91 US: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 92 US: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.2.2 CANADA
13.2.2.1 Shift to plant-based foods from conventional animal source products to contribute to growth of plant-based protein
TABLE 93 CANADA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 94 CANADA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.2.3 MEXICO
13.2.3.1 Changing consumer preferences and companies entering plant-based food industry to boost market growth
TABLE 95 MEXICO: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 96 MEXICO: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3 EUROPE
TABLE 97 EUROPE: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 98 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 99 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 100 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 101 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (KT)
TABLE 102 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (KT)
TABLE 103 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 104 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 105 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2018–2021 (USD MILLION)
TABLE 106 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2022–2027 (USD MILLION)
TABLE 107 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2018–2021 (USD MILLION)
TABLE 108 EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2022–2027 (USD MILLION)
13.3.1 GERMANY
13.3.1.1 Increasing dependence on plant-based foods and high adoption rate of flexitarian diets to boost growth of plant-based protein
TABLE 109 GERMANY: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 110 GERMANY: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.2 FRANCE
13.3.2.1 Government support to develop domestic plant-based protein production and reduce imports to drive growth
TABLE 111 FRANCE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 112 FRANCE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.3 UK
13.3.3.1 Rising vegan population and increasing interest from companies to help grow plant-based protein market
TABLE 113 UK: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 114 UK: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.4 ITALY
13.3.4.1 Rapidly changing consumer preferences from conventional to plant-based protein to drive market
TABLE 115 ITALY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 116 ITALY: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.5 SPAIN
13.3.5.1 Product innovation and increased consumption of plant-based convenience foods to drive market
TABLE 117 SPAIN: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 118 SPAIN: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.6 NETHERLANDS
13.3.6.1 Increasing popularity of plant-based foods due to health and environmental benefits to drive demand for plant proteins
TABLE 119 NETHERLANDS: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 120 NETHERLANDS: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.7 BELGIUM
13.3.7.1 New product launches coupled with export access and growing processing capabilities to boost growth of plant-based protein
TABLE 121 BELGIUM: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 122 BELGIUM: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.3.8 REST OF EUROPE
TABLE 123 REST OF EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 124 REST OF EUROPE: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.4 ASIA PACIFIC
FIGURE 17 ASIA PACIFIC: REGIONAL SNAPSHOT, 2021
TABLE 125 ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 126 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 127 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 128 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 129 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (KT)
TABLE 130 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (KT)
TABLE 131 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 132 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 133 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2018–2021 (USD MILLION)
TABLE 134 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2022–2027 (USD MILLION)
TABLE 135 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2018–2021 (USD MILLION)
TABLE 136 ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2022–2027 (USD MILLION)
13.4.1 CHINA
13.4.1.1 Demand for products with health benefits to drive market growth during forecast period
TABLE 137 CHINA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 138 CHINA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.4.2 JAPAN
13.4.2.1 Ageing population and rising consumption of plant-based convenience foods to drive market growth
TABLE 139 JAPAN: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 140 JAPAN: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.4.3 AUSTRALIA & NEW ZEALAND
13.4.3.1 Investments from key players and rising vegan population to drive growth of plant-based protein
TABLE 141 AUSTRALIA & NEW ZEALAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 142 AUSTRALIA & NEW ZEALAND: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.4.4 INDIA
13.4.4.1 Evolving dietary preferences and increasing coronary heart diseases to drive market growth for plant-based protein
TABLE 143 INDIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 144 INDIA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.4.5 REST OF ASIA PACIFIC
TABLE 145 REST OF ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 146 REST OF ASIA PACIFIC: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.5 SOUTH AMERICA
TABLE 147 SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 148 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 149 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 150 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 151 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (KT)
TABLE 152 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (KT)
TABLE 153 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 154 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 155 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2018–2021 (USD MILLION)
TABLE 156 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2022–2027 (USD MILLION)
TABLE 157 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2018–2021 (USD MILLION)
TABLE 158 SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2022–2027 (USD MILLION)
13.5.1 BRAZIL
13.5.1.1 High processing and export capabilities coupled with increased adoption of plant-based foods to drive growth of plant-based protein
TABLE 159 BRAZIL: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 160 BRAZIL: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.5.2 ARGENTINA
13.5.2.1 Environmental, nutritional, and animal welfare concerns from younger generations to drive demand for plant-based protein
TABLE 161 ARGENTINA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 162 ARGENTINA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.5.3 REST OF SOUTH AMERICA
TABLE 163 REST OF SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 164 REST OF SOUTH AMERICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.6 REST OF THE WORLD
TABLE 165 REST OF THE WORLD: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 166 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY REGION, 2022–2027 (USD MILLION)
TABLE 167 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 168 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 169 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2018–2021 (KT)
TABLE 170 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (KT)
TABLE 171 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 172 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 173 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2018–2021 (USD MILLION)
TABLE 174 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY FORM, 2022–2027 (USD MILLION)
TABLE 175 REST OF THE WORLD: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2021 (USD MILLION)
TABLE 176 REST OF THE WORLD: MARKET FOR PLANT-BASED PROTEIN, BY NATURE, 2022–2027 (USD MILLION)
13.6.1 AFRICA
13.6.1.1 Favorable processing conditions coupled with rising consumer awareness about health issues to drive growth of plant-based protein
TABLE 177 AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 178 AFRICA: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
13.6.2 MIDDLE EAST
13.6.2.1 Demand for plant-based convenience foods to drive growth of plant-based protein industry
TABLE 179 MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
TABLE 180 MIDDLE EAST: MARKET FOR PLANT-BASED PROTEIN, BY SOURCE, 2022–2027 (USD MILLION)
14 COMPETITIVE LANDSCAPE (Page No. - 174)
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES
TABLE 181 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
14.3 MARKET SHARE ANALYSIS, 2021
TABLE 182 PLANT-BASED PROTEIN MARKET SHARE ANALYSIS, 2021
14.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 18 FIVE-YEAR TOTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2017–2021 (USD BILLION)
14.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
14.5.1 STARS
14.5.2 PERVASIVE PLAYERS
14.5.3 EMERGING LEADERS
14.5.4 PARTICIPANTS
FIGURE 19 MARKET FOR PLANT-BASED PROTEIN: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
14.5.5 PLANT-BASED PROTEIN MARKET PRODUCT FOOTPRINT (KEY PLAYERS)
TABLE 183 COMPANY FOOTPRINT, BY SOURCE (KEY PLAYERS)
TABLE 184 COMPANY FOOTPRINT, BY TYPE (KEY PLAYERS)
TABLE 185 COMPANY FOOTPRINT, BY APPLICATION (KEY PLAYERS)
TABLE 186 COMPANY FOOTPRINT, BY NATURE (KEY PLAYERS)
TABLE 187 COMPANY FOOTPRINT, BY FORM (KEY PLAYERS)
TABLE 188 COMPANY FOOTPRINT, BY REGION (KEY PLAYERS)
TABLE 189 OVERALL COMPANY FOOTPRINT (KEY PLAYERS)
14.6 MARKET FOR PLANT-BASED PROTEIN: OTHER PLAYERS EVALUATION QUADRANT, 2021
14.6.1 PROGRESSIVE COMPANIES
14.6.2 STARTING BLOCKS
14.6.3 RESPONSIVE COMPANIES
14.6.4 DYNAMIC COMPANIES
FIGURE 20 MARKET FOR PLANT-BASED PROTEIN: COMPANY EVALUATION QUADRANT, 2021 (OTHER PLAYERS)
TABLE 190 PLANT-BASED PROTEIN: COMPETITIVE BENCHMARKING OF OTHER PLAYERS
14.7 COMPETITIVE SCENARIO
14.7.1 NEW PRODUCT LAUNCHES
TABLE 191 MARKET FOR PLANT-BASED PROTEIN: NEW PRODUCT LAUNCHES, 2020
14.7.2 DEALS
TABLE 192 PLANT-BASED PROTEIN MARKET: DEALS, 2021
14.7.3 OTHERS
TABLE 193 PLANT-BASED PROTEIN MARKET: OTHERS, 2022
15 COMPANY PROFILES (Page No. - 188)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
15.1 KEY PLAYERS
15.1.1 ADM
TABLE 194 ADM: BUSINESS OVERVIEW
FIGURE 21 ADM: COMPANY SNAPSHOT
TABLE 195 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 196 ADM: DEALS
TABLE 197 ADM: NEW PRODUCT LAUNCHES
TABLE 198 ADM: OTHERS
15.1.2 CARGILL
TABLE 199 CARGILL: BUSINESS OVERVIEW
FIGURE 22 CARGILL: COMPANY SNAPSHOT
TABLE 200 CARGILL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 201 CARGILL: OTHERS
15.1.3 DUPONT
TABLE 202 DUPONT: BUSINESS OVERVIEW
FIGURE 23 DUPONT: COMPANY SNAPSHOT
TABLE 203 DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 204 DUPONT: NEW PRODUCT LAUNCHES
TABLE 205 DUPONT: DEALS
15.1.4 WILMAR INTERNATIONAL LTD.
TABLE 206 WILMAR INTERNATIONAL LTD.: BUSINESS OVERVIEW
FIGURE 24 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT
TABLE 207 WILMAR INTERNATIONAL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
15.1.5 ROQUETTE FRÈRES
TABLE 208 ROQUETTE FRÈRES: BUSINESS OVERVIEW
TABLE 209 ROQUETTE FRÈRES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 210 ROQUETTE FRÈRES: DEALS
TABLE 211 ROQUETTE FRÈRES: OTHERS
15.1.6 GLANBIA PLC
TABLE 212 GLANBIA PLC: BUSINESS OVERVIEW
FIGURE 25 GLANBIA PLC: COMPANY SNAPSHOT
TABLE 213 GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 214 GLANBIA PLC: NEW PRODUCT LAUNCHES
TABLE 215 GLANBIA PLC: DEALS
15.1.7 KERRY GROUP PLC
TABLE 216 KERRY GROUP PLC: BUSINESS OVERVIEW
FIGURE 26 KERRY GROUP PLC: COMPANY SNAPSHOT
TABLE 217 KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 218 KERRY GROUP PLC: DEALS
TABLE 219 KERRY GROUP PLC: OTHERS
15.1.8 DSM
TABLE 220 DSM: BUSINESS OVERVIEW
FIGURE 27 DSM: COMPANY SNAPSHOT
TABLE 221 DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 222 DSM: DEALS
15.1.9 INGREDION
TABLE 223 INGREDION: BUSINESS OVERVIEW
FIGURE 28 INGREDION: COMPANY SNAPSHOT
TABLE 224 INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 225 INGREDION: DEALS
TABLE 226 INGREDION: NEW PRODUCT LAUNCHES
TABLE 227 INGREDION: OTHERS
15.1.10 EMSLAND GROUP
TABLE 228 EMSLAND GROUP: BUSINESS OVERVIEW
TABLE 229 EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 230 EMSLAND GROUP: DEALS
15.2 OTHER PLAYERS
15.2.1 PURIS
TABLE 231 PURIS: BUSINESS OVERVIEW
TABLE 232 PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 233 PURIS: OTHERS
15.2.2 COSUCRA
TABLE 234 COSUCRA: BUSINESS OVERVIEW
TABLE 235 COSUCRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 236 COSUCRA: NEW PRODUCT LAUNCHES
TABLE 237 COSUCRA: OTHERS
15.2.3 BURCON NUTRASCIENCE CORPORATION
TABLE 238 BURCON NUTRASCIENCE CORPORATION: BUSINESS OVERVIEW
TABLE 239 BURCON NUTRASCIENCE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 240 BURCON NUTRASCIENCE CORPORATION: DEALS
TABLE 241 BURCON NUTRASCIENCE CORPORATION: OTHERS
15.2.4 SOTEXPRO
TABLE 242 SOTEXPRO: BUSINESS OVERVIEW
TABLE 243 SOTEXPRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
15.2.5 AGT FOOD AND INGREDIENTS
TABLE 244 AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW
TABLE 245 AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 246 AGT FOOD AND INGREDIENTS: DEALS
15.2.6 AXIOM FOODS, INC
15.2.7 AMINOLA
15.2.8 THE GREEN LABS LLC.
15.2.9 ETCHEM
15.2.10 BENEO GMBH
15.2.11 TATE & LYLE
15.2.12 SHANDONG JIANYUAN GROUP
15.2.13 AMCO PROTEINS
15.2.14 PROEON
15.2.15 AUSTRALIAN PLANT PROTEINS PTY LTD
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
16 ADJACENT AND RELATED MARKETS (Page No. - 241)
16.1 INTRODUCTION
TABLE 247 ADJACENT MARKETS TO MARKET FOR PLANT-BASED PROTEIN
16.2 LIMITATIONS
16.3 PEA PROTEIN MARKET
16.3.1 MARKET DEFINITION
16.3.2 MARKET OVERVIEW
TABLE 248 PEA PROTEIN MARKET SIZE, BY FORM, 2021–2027 (USD MILLION)
16.4 TEXTURED VEGETABLE PROTEIN MARKET
16.4.1 MARKET DEFINITION
16.4.2 MARKET OVERVIEW
TABLE 249 TEXTURED VEGETABLE PROTEIN MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
17 APPENDIX (Page No. - 244)
17.1 DISCUSSION GUIDE
17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.3 AVAILABLE CUSTOMIZATION
17.4 RELATED REPORTS
17.5 AUTHOR DETAILS
The study involved four major activities in estimating plant-based protein market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources, such as Food and Agriculture Organization (FAO), United States Department of Agriculture (USDA), European Food Safety Authority (EFSA), Good Food Institute (GFI), Plant Based Foods Association (PBFA) and European Vegetable Protein Association (EUVEPRO) and academic references pertaining to plant-based protein were referred. These secondary sources included annual reports, press releases & investor presentations of companies, plant-based food journals white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
The market comprises several stakeholders in the supply chain, including plant-based food manufacturers; raw material suppliers and manufacturers of plant-based protein ingredients; manufacturers and traders of food products, including dairy alternatives, meat alternatives, bakery products, nutritional products, and convenience foods; feed and pet-food manufacturers; importers and exporters; and intermediary suppliers, such as traders and distributors of plant-based protein. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the supply side include plant-based protein manufacturers. The primary sources from the demand-side include distributors, importers, exporters, and end-use sectors.
Given below is the breakdown of the primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the market, in terms of value and volume, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market 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 included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
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. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall plant-based protein market and arrive at the exact statistics for all segments and subsegments. 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 the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—the top-down approach, the bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.
Report Objectives
- To describe and forecast the plant-based protein market, in terms of source, type, form, nature, application, and region.
- To describe and forecast the plant-based protein market, in terms of value, by region–North America, Europe, Asia Pacific, South America, and the Rest of the World—along with their respective countries.
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market.
- To study the complete value chain of the market.
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the plant-based protein market.
- To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders.
- To analyze strategic approaches, such as expansions & investments, product launches & approvals, mergers & acquisitions, and agreements in the plant-based protein market.
Target Audience:
- Raw material suppliers of plant-based proteins
- Intermediate stakeholders, including distributors, retailers, associations, regulatory bodies, and others
- Manufacturers and traders of plant-based protein ingredients, such as soy, wheat, pea, canola, rice, and potato
- Manufacturers and traders of food products, including dairy alternatives, meat alternatives, bakery products, nutritional products, convenience foods, and other food applications
- Manufacturers and traders of non-food applications, such as feed and pet food
- Government organizations, institutes, and research organizations
- Associations and industry bodies:
- Food and Agriculture Organization (FAO)
- United States Department of Agriculture (USDA)
- European Food Safety Authority (EFSA)
- European Association of Specialty Feed Ingredients and their Mixtures (FEFANA)
- Organization for Economic Co-operation and Development (OECD)
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:
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 European plant-based protein market into key EU and non-EU countries
- Further breakdown of the Rest of Asia Pacific plant-based protein market into Indonesia, Philippines, Vietnam, and South Korea
Company Information
- Detailed analyses and profiling of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Plant-based Protein Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Plant-based Protein Market
Interested in plant-based protein market growth estimates and growth opportunities in North American region along with APAC as well.
Great information! Thank you!