Plant-Based Protein Market: By Source, By Forms, By Application, By End User, and Region Forecast 2019-2030

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Plant-Based Protein Market Size, Share, Growth, Trends, and Global Industry Analysis: By Source (Soya, Wheat, Pea, and Others), By Forms (Isolate, Concentrates, and Hydrolysates), By Application (Nutritional products, Bakery, Supplement, Cereals, Diary, Deserts, and other), By End User (Animal feed, Food and Beverages, Personal care, and Others), and Region Forecast 2019-2030

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Plant-Based Protein Market size was valued at US$ 12,568.5 million in 2023 and is expected to grow to US$ 14563.6 million in 2030, growing at a 5.6% CAGR from 2024 to 2030. The plant-based protein is segmented by the source which is soya, wheatgrass products, peas, and others, these products help different nutraceuticals to provide plant-based raw materials to manufacture supplements. With the increase in health awareness, people are shifting towards various other supplements which drive the market across the world. The increase in promotional health leads to create new opportunities in the market which makes key players expand their business in the market. While taking plant-based protein people are getting some allergies with the protein which is the major restraint in the market.  

Plant-Based Protein Market Key Developments

  • In April 2022, Cargill announced the expansion of its “Radipure Pea Protein” product offering to the Middle East, Turkey, Africa and Indian market to meet the demand for pea protein as an alternative source of animal-based protein.
  • In July 2021, Israel-based ChickP Ltd. announced its protein isolates can work as 1:1 plant-based alternatives for egg yolk in mayonnaise and salad dressings.

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Plant-Based Protein Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Plant-based Protein Market Dynamics

The increasing health awareness across the world is the major market driver in the Plant-based Protein Market during the forecast period. plant-based protein provides basic nutritional necessity of the body and improves health of the people which leads to increase in the demand for new supplement in the market as increase in the demand increases nutraceutical looking for innovation in the sector. Hence, this will drive the global market growth at a significant rate.

Plant-Based Protein Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 12,568.5 million

Market Size in 2030

US$ 14563.6 million

Market CAGR

5.6%

By Source

  • Soya
  • Wheat
  • Pea
  • Others

By Forms

  • Isolate
  • Concentrates
  • Hydrolysates

By Application

  • Nutritional products
  • Bakery
  • Supplement
  • Cereals
  • Diary
  • Deserts
  • Other

By End User

  • Animal feed
  • Food and Beverages
  • Personal care
  • Others

Key Features of the Report

  • The plant-based protein market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The plant-based protein market size was valued at $US 12,568.5 million in 2023 and is expected to grow $US 14,563.6 million in 2030, growing at a 5.6% CAGR from 2024 to 2030.

The leading players in the Plant-based Protein Market are; ADM, Cargill, DuPont, Wilmar International Ltd, Roquette Frères, Glanbia plc, Kerry Group PLC, DSM, Ingredion, Emsland Group

Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023 – 2029.

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1. Executive Summary
2. Global Plant-Based Protein Market Introduction 
2.1.Global Plant-Based Protein Market  - Taxonomy
2.2.Global Plant-Based Protein Market  - Definitions
2.2.1.Source 
2.2.2.Forms
2.2.3.Application
2.2.4.Region
3. Global Plant-Based Protein Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Plant-Based Protein Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Plant-Based Protein Market  By Source , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Soya
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Wheat
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Pea
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6. Global Plant-Based Protein Market  By Forms, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Isolate
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Concentrates
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Hydrolysates
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Other
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7. Global Plant-Based Protein Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Nutritional products
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Bakery
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Supplement
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Cereals
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Diary
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Deserts
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Other
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
8. Global Plant-Based Protein Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Plant-Based Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Source  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Soya
9.1.2.Wheat
9.1.3.Pea
9.1.4.Others
9.2.  Forms Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Isolate
9.2.2.Concentrates
9.2.3.Hydrolysates
9.2.4.Other
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Nutritional products
9.3.2.Bakery
9.3.3.Supplement
9.3.4.Cereals
9.3.5.Diary
9.3.6.Deserts
9.3.7.Other
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Plant-Based Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Source  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Soya
10.1.2.Wheat
10.1.3.Pea
10.1.4.Others
10.2.  Forms Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Isolate
10.2.2.Concentrates
10.2.3.Hydrolysates
10.2.4.Other
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Nutritional products
10.3.2.Bakery
10.3.3.Supplement
10.3.4.Cereals
10.3.5.Diary
10.3.6.Deserts
10.3.7.Other
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Plant-Based Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Source  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Soya
11.1.2.Wheat
11.1.3.Pea
11.1.4.Others
11.2.  Forms Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Isolate
11.2.2.Concentrates
11.2.3.Hydrolysates
11.2.4.Other
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Nutritional products
11.3.2.Bakery
11.3.3.Supplement
11.3.4.Cereals
11.3.5.Diary
11.3.6.Deserts
11.3.7.Other
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Plant-Based Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Source  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Soya
12.1.2.Wheat
12.1.3.Pea
12.1.4.Others
12.2.  Forms Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Isolate
12.2.2.Concentrates
12.2.3.Hydrolysates
12.2.4.Other
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Nutritional products
12.3.2.Bakery
12.3.3.Supplement
12.3.4.Cereals
12.3.5.Diary
12.3.6.Deserts
12.3.7.Other
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Plant-Based Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Source  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Soya
13.1.2.Wheat
13.1.3.Pea
13.1.4.Others
13.2.  Forms Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Isolate
13.2.2.Concentrates
13.2.3.Hydrolysates
13.2.4.Other
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Nutritional products
13.3.2.Bakery
13.3.3.Supplement
13.3.4.Cereals
13.3.5.Diary
13.3.6.Deserts
13.3.7.Other
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.ADM
14.2.2.Cargill
14.2.3.DuPont
14.2.4.Wilmar International Ltd
14.2.5.Roquette Frères
14.2.6.Glanbia plc
14.2.7.Kerry Group PLC
14.2.8.DSM
14.2.9.Ingredion
14.2.10.Emsland Group
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • ADM
  • Cargill
  • DuPont
  • Wilmar International Ltd
  • Roquette Frères
  • Glanbia plc
  • Kerry Group PLC
  • DSM
  • Ingredion
  • Emsland Group

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