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Plant Based Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plant based protein market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Plant based protein is derived from pulses, tofu, soy, tempeh, seitan, nuts, seeds, grains, and peas. It is a rich source of nutrients, such as fiber, vitamins, and minerals. It is low in saturated fats and hormones, which help reduce cardiovascular ailments and prevent cancer, type 2 diabetes, osteoarthritis, osteoporosis, and Alzheimer’s disease. In addition, due to the presence of phytochemicals, plant based protein assists in reducing weight, promoting gut health, and preventing obesity. It also assists in keeping the genetic material and blood and nerve cells of the body healthy.

Plant Based Protein Market Trends:

At present, the growing awareness among the masses about the nutritional value of plant based proteins represents one of the key factors driving the market. In addition, due to the increasing focus on living a sustainable life and minimizing reliance on animal proteins, there is a rise in the sales of plant based proteins across the globe. This, along with the growing number of flexitarian or vegan consumers, is positively influencing the market. Besides this, there is an increase in the adoption of plant-based food products and beverages among the masses on account of a broader range of product availability, enhanced product development, and innovation in the production process. This, coupled with the expanding food and beverage (F&B) industry, is propelling the growth of the market. Moreover, the rising need for clean label products and avoiding allergens is catalyzing the demand for plant based proteins worldwide. Apart from this, the increasing consumption of pea protein around the world due to its allergen-free, gluten-free, and lactose-free properties is contributing to the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plant based protein market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, type, nature and application.

Breakup by Source:

  • Soy
  • Wheat
  • Pea
  • Others
     

Breakup by Type:

  • Concentrates
  • Isolates
  • Textured
     

Breakup by Nature:

  • Conventional
  • Organic
     

Breakup by Application:

  • Food
    • Meat Alternatives
    • Dairy Alternatives
    • Bakery Products
    • Performance Nutrition
    • Convenience Foods
    • Others
  • Feed
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AGT Food and Ingredients, Archer-Daniels-Midland Company, Axiom Foods Inc., Cargill Incorporated, Dupont De Nemours Inc., Glanbia plc, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Roquette Frères, Tate & Lyle PLC, The Scoular Company and Wilmar International Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Source, Type, Nature, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AGT Food and Ingredients, Archer-Daniels-Midland Company, Axiom Foods Inc., Cargill Incorporated, Dupont De Nemours Inc., Glanbia plc, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Roquette Frères, Tate & Lyle PLC, The Scoular Company and Wilmar International Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global plant based protein market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global plant based protein market?
  • What are the key regional markets?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the nature?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global plant based protein market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Plant Based Protein Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Source
    6.1    Soy
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Wheat
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Pea
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Type
    7.1    Concentrates
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Isolates
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Textured
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Nature
    8.1    Conventional
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Organic
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Food
        9.1.1 Market Trends
        9.1.2 Key Segments
           9.1.2.1 Meat Alternatives
           9.1.2.2 Dairy Alternatives
           9.1.2.3 Bakery Products
           9.1.2.4 Performance Nutrition
           9.1.2.5 Convenience Foods
           9.1.2.6 Others
        9.1.3 Market Forecast
    9.2    Feed
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AGT Food and Ingredients
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Archer-Daniels-Midland Company
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Axiom Foods Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Cargill Incorporated
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 SWOT Analysis
        15.3.5    Dupont De Nemours Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Glanbia plc
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Ingredion Incorporated
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Kerry Group plc
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Koninklijke DSM N.V.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Roquette Frères
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 SWOT Analysis
        15.3.11    Tate & Lyle PLC
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    The Scoular Company
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 SWOT Analysis
        15.3.13    Wilmar International Limited
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Plant Based Protein Market: Major Drivers and Challenges
Figure 2: Global: Plant Based Protein Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Plant Based Protein Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Plant Based Protein Market: Breakup by Source (in %), 2021
Figure 5: Global: Plant Based Protein Market: Breakup by Type (in %), 2021
Figure 6: Global: Plant Based Protein Market: Breakup by Nature (in %), 2021
Figure 7: Global: Plant Based Protein Market: Breakup by Application (in %), 2021
Figure 8: Global: Plant Based Protein Market: Breakup by Region (in %), 2021
Figure 9: Global: Plant Based Protein (Soy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Plant Based Protein (Soy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Plant Based Protein (Wheat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Plant Based Protein (Wheat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Plant Based Protein (Pea) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Plant Based Protein (Pea) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Plant Based Protein (Other Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Plant Based Protein (Other Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Plant Based Protein (Concentrates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Plant Based Protein (Concentrates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Plant Based Protein (Isolates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Plant Based Protein (Isolates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Plant Based Protein (Textured) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Plant Based Protein (Textured) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Plant Based Protein (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Plant Based Protein (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Plant Based Protein (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Plant Based Protein (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Plant Based Protein (Food) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Plant Based Protein (Food) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Plant Based Protein (Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Plant Based Protein (Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Plant Based Protein Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Plant Based Protein Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Plant Based Protein Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Plant Based Protein Industry: SWOT Analysis
Figure 81: Global: Plant Based Protein Industry: Value Chain Analysis
Figure 82: Global: Plant Based Protein Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Plant Based Protein Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Plant Based Protein Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Plant Based Protein Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Plant Based Protein Market Forecast: Breakup by Nature (in Million US$), 2022-2027
Table 5: Global: Plant Based Protein Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Plant Based Protein Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Plant Based Protein Market: Competitive Structure
Table 8: Global: Plant Based Protein Market: Key Players


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