Top Plant-based Protein Companies

The plant-based protein market is estimated at USD 23.89 billion in 2025 and is projected to reach USD 34.97 billion by 2030, at a CAGR of 7.9%. It will witness substantial growth in the coming years. The increasing interest in plant-based protein can be attributed to rising health concerns, ethical considerations, environmental consciousness, and dietary preferences. Many individuals opt for alternative protein food products due to allergies, dietary restrictions, or a desire for a healthier lifestyle. Additionally, the demand for low-calorie and low-fat options led to the prominence of plain and unsweetened formulations within the plant-based protein industry.

Top 10 Companies in the Plant-based Protein Market

• Cargill, Incorporated (US)
• ADM (US)
• Kerry Group PLC (Ireland)
• International Flavors & Fragrances Inc. (US)
• Ingredion Incorporated (US)
• Wilmar International Ltd. (Singapore)
• Roquette Frères (France)
• Glanbia PLC (Ireland)
• DSM-Firmenich (Switzerland)
• AGT Food and Ingredients (Canada)

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

Market growth is driven by several factors, including an increasing interest in health-focused food and beverages, a growing consumer preference for veganism, a rise in cases of lactose intolerance, a greater demand for meat alternatives, and ongoing innovations and developments in plant-based proteins that support the vegan trend. Due to the nutritional benefits of plant-based protein and the increasing demand for vegan food products and plant-based beverages, there is a notable growth in the plant-based protein market.

Companies embrace science-driven innovation and digital accessibility to meet the growing demand for plant-based protein products. They also focus on expanding their production facilities by entering into partnerships & agreements and launching products to grow their businesses and market share.

Cargill has become one of the largest privately held companies in the US, with a strong presence worldwide. The company is involved in manufacturing and distributing products for multiple sectors, such as agriculture, animal nutrition, food & beverages, pharmaceuticals, bioindustrial, and food service. The company comprises multiple businesses classified into four key segments: Agricultural solutions, Food, ingredients, and Industrial Products. The company offers plant-based protein solutions through its food & beverage protein segment. It includes a range of plant-based protein products to enhance the taste, mouthfeel, functionality, and nutrition profiles of various food & beverage products.

In September 2024, Cargill introduced five health-focused product prototypes, such as postbiotic gummies with EpiCor, plant-based high-protein and fiber bars with choline, performance powders with pea protein, and functional gummies and capsules with algae DHA designed to support food companies in meeting rising demand for preventive care and personalized nutrition.

Associated Archer Daniels Midland Company, or ADM, produces and distributes food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. ADM maintains a diverse portfolio of businesses that covers the entire value chain of agriculture. The company operates through four major segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other Business. Its Nutrition segment offers plant protein products used in bakery, snacks, confectionery, and cooking. ADM produces plant-based protein from various sources, such as pea, soy, and wheat, which find many applications in dairy and meat-alternative products and feed products.

The ability of ADM to source, process, and distribute agricultural commodities, including grains, oilseeds, and other raw materials, is one of its key competitive advantages. ADM effectively links farmers and producers with customers around the globe through its vast network of origination facilities, processing plants, and logistics capabilities. The company has been a leader in plant protein innovation for over 75 years and is one of the largest soybean processors in the world. In 2024, ADM was recognized as a leader in plant-based solutions by winning two awards and being named a finalist in a third category at FoodBev’s 2024 Plant-Based Taste Awards. Additionally, ADM won the health innovation category at FoodBev’s 2024 World Plant-Based Innovation Awards. These honors highlight ADM’s technical expertise and integrated ingredient approach, featuring advanced plant proteins, science-backed biotics, and natural flavors and colors.

Market Ranking

The market for plant-based proteins is highly competitive, driven by surging consumer demand for sustainable and health-conscious dietary options. Key players, such as Cargill, Incorporated (US), ADM (US), Kerry Group PLC (Ireland), International Flavors & Fragrances Inc. (US), and Ingredion Incorporated (US), compete by continuously innovating and expanding their product lines. These companies are leveraging advancements in food technology and forming strategic partnerships with major food chains to enhance their market presence. Cargill leads the market with its extensive global operations and significant revenue from plant-based protein products. ADM is a major player with substantial revenue generated from its plant-based protein segment, supported by its broad agricultural operations. Kerry Group PLC is known for its innovation and expertise in taste and nutrition, making it a trusted supplier in the industry. IFF’s plant-based protein products are used in various applications, such as meat and dairy alternatives, nutritional beverages, and health-focused foods. Ingredion’s plant-based protein segment contributes significantly to its overall revenue, driven by its strategic focus on sustainable and health-conscious ingredients. Additionally, these companies cater to multiple end-user segments while gaining a competitive edge through innovation and global market expansion.

Mid-tier companies play a significant role by providing specialized or niche applications and extending their geographic reach, meeting penetration needs in specific markets. Their differentiation strategies include product customization, targeted marketing, and efficient supply chain operations. Smaller players gradually establish themselves but remain limited by a narrow product range or regional focus. Although they are minor contributors to the market, they influence market dynamics, and their growth depends on strategic partnerships, technology investments, and focused market entry.

Related Reports:

Plant-based Protein Market by Source (Soy, Wheat, Pea, Canola, Rice, Oats, Potato, Faba Bean), Type (Concentrates, Isolates, Textured, Milled Protein Flours, Starch-rich Protein Flours), Application, Nature, Form, Function, and Region - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com