Global Plant Protein Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Plant Protein Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein, and Other Plant Protein), End User (Animal Feed, Food and Beverages (By Sub End User (Bakery, Beverages, Breakfast Cereals, Condiments/Sauces, Confectionery, Dairy and Dairy Alternative Products, Meat/Poultry/Seafood and Meat Alternative Products, RTE/RTC Food Products, and Snacks), Personal Care and Cosmetics, Supplements (By Sub End User (Baby Food and Infant Formula, Elderly Nutrition and Medical Nutrition, and Sport/Performance Nutrition)), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Plant Protein Market was valued at USD 14,164.5 million in 2023 and is expected to reach USD 25,640.5 million by 2031 while growing at a CAGR of 7.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global plant protein market growth. Plant protein, derived from plant sources rather than animals, is a vital component of a balanced diet found in various plant-based foods. The increasing popularity of plant-based diets, environmental concerns, and a growing awareness of health and sustainability have brought significant attention to plant proteins in recent years.
Increasing demand for plant-based diets and health and wellness trends is propelling the growth of the plant protein market. Nevertheless, obstacles such as cost challenges and taste and texture issues may impede market expansion.
Furthermore, the global plant protein industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Protein Type Analysis
The Global Plant Protein Market is segmented among Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein, and Other Plant Protein, based on Protein Type. In 2023, Wheat Protein accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End User Analysis
The Global Plant Protein Market is segmented among Animal Feed, Food and Beverages, Personal Care and Cosmetics, and Supplements, based on End User. In 2023, Food and Beverages accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Plant Protein Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Archer Daniels Midland Company, Bunge Limited, CHS Inc., Fuji Oil Group, International Flavors & Fragrances Inc., Kerry Group PLC, Lantmännen, Roquette Frère, Südzucker AG, Tereos SCA, and Wilmar International Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Plant Protein Market Dynamics
Drivers
Restraints
Opportunity
4. Global Plant Protein Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Plant Protein Market Segmentation, By Protein Type
Global Plant Protein Market Share Analysis, By Protein Type
Global Plant Protein Market Growth Analysis, By Protein Type
Global Plant Protein Market Trends, By Protein Type
o Hemp Protein
o Pea Protein
o Potato Protein
o Rice Protein
o Soy Protein
o Wheat Protein
o Other Plant Protein
6. Global Plant Protein Market Segmentation, By End User
Global Plant Protein Market Share Analysis, By End User
Global Plant Protein Market Growth Analysis, By End User
Global Plant Protein Market Trends, By End User
o Animal Feed
o Food and Beverages
Ø Sub End User
§ Bakery
§ Beverages
§ Breakfast Cereals
§ Condiments/Sauces
§ Confectionery
§ Dairy and Dairy Alternative Products
§ Meat/Poultry/Seafood and Meat Alternative Products
§ RTE/RTC Food Products
§ Snacks
o Personal Care and Cosmetics
o Supplements
Ø By Sub End User
§ Baby Food and Infant Formula
§ Elderly Nutrition and Medical Nutrition
§ Sport/Performance Nutrition
7. Global Plant Protein Market Segmentation, By Region
Global Plant Protein Market Share Analysis, By Region
Global Plant Protein Market Growth Analysis, By Region
Global Plant Protein Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Archer Daniels Midland Company*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Bunge Limited, CHS Inc.
Fuji Oil Group
International Flavors & Fragrances Inc.
Kerry Group PLC
Lantmännen
Roquette Frère
Südzucker AG
Tereos SCA
Wilmar International Ltd
*Similar analysis will be provided for each company listed above.
