Global Plant Protein Market, By Product (Wheat Protein, Soy Protein, Pea Protein, and Others), Form (Protein Isolates, Protein Concentrates, and Textured Proteins), Application (Bakery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, Snacks, and Others), and Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
The plant protein market is expected to witness market growth at a rate of 6.40% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the plant protein market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the popularity of veganism is escalating the growth of the plant protein market.
Plant protein is known to be purely a food source of protein derived from plants. This group is comprised of tofu, pulses, tempeh, soy, seeds, nuts, certain grains, and even peas. Proteins are vital nutrients that the human body requires, containing amino acids. The proteins are recognized as plant proteins when acquired from plant-based foods like soy, wheat, and others.
Major factors that are expected to boost the growth of the plant protein market in the forecast period are the increase in the need for health-enriching organic food and beverages and the inventions and advancements regarding plant-based protein to encourage the vegan trend. Furthermore, the increase in the population with lactose intolerance is further anticipated to propel the growth of the plant protein market. Moreover, the rise in investments and collaborations in the plant-based food business is further estimated to cushion the growth of the plant protein market. On the other hand, the
allergies regarding plant-based protein sources such as soy and wheat are further projected to impede the growth of the plant protein market in the timeline period.
In addition, the growing need for food and beverages with organic ingredients will further provide potential opportunities for the growth of the plant protein market in the coming years. However, the issues regarding the quality of food and beverages because of GM ingredient adulteration might further challenge the growth of the plant protein market in the near future.
This plant protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plant protein market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Plant Protein Market Scope and Market Size
The plant protein market is segmented on the basis of product, form, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the plant protein market is segmented into wheat protein, soy protein, pea protein, and others.
- On the basis of form, the plant protein market is segmented into protein isolates, protein concentrates, and textured proteins.
- On the basis of application, the plant protein market is segmented into bakery, meat extenders and substitutes, nutritional supplements, beverages, snacks, and others.
Plant Protein Market Country Level Analysis
The plant protein market is analysed, and market size, volume information is provided by country, product, form, and application as referenced above.
The countries covered in the plant protein market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the plant protein market due to the rise in demand because of the growing trend of veganism. Furthermore, being the highest number of plant-based protein manufacturers around the world will further boost the growth of the plant protein market in the region during the forecast period. Asia-Pacific is projected to observe a significant amount of growth in the plant protein market due to the rise in the popularity of being vegan. Moreover, the rising of the aging population and growing interest in dietary supplements to enhance overall health are further anticipated to propel the growth of the plant protein market in the region in the coming years.
The country section of the plant protein market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Protein Market Share Analysis
The plant protein market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the plant protein market.
The major players covered in the plant protein market report are Cargill, Incorporated, ADM, EZAKI GLICO CO., LTD., AJINOMOTO CO., INC., Axiom Materials, Inc., DuPont, Glanbia plc, Growing Naturals, LLC., Kerry., Conagra Brands., CP Kelco U.S., Inc., Corbion N.V., FMC Corporation., Acadian Seaplants Ltd., Gelymar, Harvest Technology Limited, Groupe Roullier among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.