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Plant-Based Protein Market - Global Industry Analysis

Plant-Based Protein Market - by Source (Soy, Wheat, Pea, and Others), by Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Nutrition Supplements, and Others), and by Type (Isolates, Concentrates, and Protein Flour): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Published Date: 09-Dec-2019 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-5162 Status : Published

Plant-based Protein Market valued US$ 16.1 Billion in 2018 and is anticipated to be valued at US$ 45.29 Billion in 2026 at a CAGR of 13.8%.

Description

The plant-based protein market valued US$ 16.1 Billion in 2018 and is anticipated to be valued at US$ 45.29 Billion in 2026 at a CAGR of 13.8%. The report covers forecast and analysis for the plant-based protein market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion).

Plant-based protein is extracted from plant sources such as wheat, soy, pea, and others. Plant-based proteins find various applications in nutritional supplements, dairy alternatives, protein bars, meat alternatives, poultry & seafood, bakery foods, and others. The major factors that are expected to drive the global plant-based protein market are consumer preference towards a vegan diet and nutritional benefits offered by plant-based food. Moreover, the “clean-eating” trends among the geriatric population are the factors that are expected to bolster the market growth over the forecast years.

Global Plant Based Protein Market

Based on the source, the global plant-based protein market has been classified into soy, wheat, pea, and others. The soy segment in the global plant-based protein market has been accounted for the largest market share in terms of revenue. The increasing popularity of soy foods and the rising demand for high protein foods among individuals have paved the way for the market. Moreover, soy food in the diet helps in reducing cholesterol levels, bone mineral density, improve metabolism, and may help in decreasing the risk of cancer.  

On the basis of application, the global plant-based protein market is categorized into protein beverages, dairy alternatives, meat alternatives, nutrition supplements, and others. In the global plant-based protein market nutritional supplements segment accredited for the maximum market share in 2018. Growing health concerns, along with the rising fitness industry across the world promoting the protein supplements are expected to fuel the demand for plant-based protein products in the forecast timeline.

Based on the type, the global plant-based protein market has been classified into isolates, concentrates, and protein flour. The isolate segment has been accounted for substantial growth in a couple of years. As the protein in isolate form has more bioavailability with greater digestibility and is in huge demand in nutrition-oriented applications such as sports protein and nutritional supplements, the segment is anticipated to witness high demand over the forecast period.

Based on the region, currently, North America dominates the market share. The remarkable growth in the fitness industry in this region, coupled with increasing health concerns among the geriatric population regarding plant-based protein foods is expected to propel the market growth in the forecast timeline. The increasing demand for nutritional supplements in the Asia-Pacific region owing to the growing fitness industry along with rising trends of healthy eating expected to fuel the market demand over the forecast years.

The major players operating in the plant-based protein market are Sotexpro S.A, Axiom Foods, The Scoular Company, Burcon Nutrascience Corporation, Royal DSM, Tate & Lyle, Ingredion, Kerry, DowDuPont, ADM, Cargill, and Glanbia. The major schemes implemented by these leading companies in the market are new product launches, mergers & acquisitions, and partnerships. These companies are more focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Plant-Based Protein Market, 2016-2026 (USD Billion)
    • 2.2. Plant-Based Protein Market: Snapshot
  • Chapter 3. Plant-Based Protein Market - Industry Analysis
    • 3.1. Plant-Based Protein Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rise in trend of health and sustainability
      • 3.2.2. Innovations in terms of integrating plant-based proteins with meat and poultry sources
    • 3.3. Restraints
      • 3.3.1. Allergies associated with plant-based protein sources such as soy and wheat
    • 3.4. Opportunity
      • 3.4.1. Steady rise in demand for food with organic ingredients
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis By Source
      • 3.6.2. Market attractiveness analysis By Application
      • 3.6.3. Market attractiveness analysis By Type
      • 3.6.4. Market attractiveness analysis by Region
  • Chapter 4. Plant-Based Protein Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Plant-Based Protein Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Source launches
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Plant-Based Protein Market -Source Analysis
    • 5.1. Global Plant-Based Protein Market overview: By Source
      • 5.1.1. Global Plant-Based Protein Market share, By Source,2018 and 2025
    • 5.2. Soy
      • 5.2.1. Global Plant-Based Protein Market by Soy, 2016-2026 (USD Billion)
    • 5.3. Wheat
      • 5.3.1. Global Plant-Based Protein Market by Wheat, 2016-2026 (USD Billion)
    • 5.4. Pea
      • 5.4.1. Global Plant-Based Protein Market by Pea, 2016-2026 (USD Billion)
    • 5.5. Others
      • 5.5.1. Global Plant-Based Protein Market by Others, 2016-2026 (USD Billion)
  • Chapter 6. Global Plant-Based Protein Market -Application Analysis
    • 6.1. Global Plant-Based Protein Market overview: By Application
      • 6.1.1. Global Plant-Based Protein Market share, By Application, 2018 and 2025
    • 6.2. Protein Beverages
      • 6.2.1. Global Plant-Based Protein Market By Protein Beverages, 2016-2026 (USD Billion)
    • 6.3. Dairy Alternatives
      • 6.3.1. Global Plant-Based Protein Market By Dairy Alternatives, 2016-2026 (USD Billion)
    • 6.4. Meat Alternatives
      • 6.4.1. Global Plant-Based Protein Market By Meat Alternatives, 2016-2026 (USD Billion)
    • 6.5. Nutrition Supplements
      • 6.5.1. Global Plant-Based Protein Market By Nutrition Supplements, 2016-2026 (USD Billion)
    • 6.6. Others
      • 6.6.1. Global Plant-Based Protein Market by Other, 2016-2026 (USD Billion)
  • Chapter 7. Global Plant-Based Protein Market -Type Analysis
    • 7.1. Global Plant-Based Protein Market overview: By Type
      • 7.1.1. Global Plant-Based Protein Market share, By Type, 2018 and 2025
    • 7.2. Isolates
      • 7.2.1. Global Plant-Based Protein Market by Isolates, 2016-2026 (USD Billion)
    • 7.3. Concentrates
      • 7.3.1. Global Plant-Based Protein Market by Concentrates, 2016-2026 (USD Billion)
    • 7.4. Protein Flour
      • 7.4.1. Global Plant-Based Protein Market by Protein Flour, 2016-2026 (USD Billion)
  • Chapter 8. Global Plant-Based Protein Market - Regional Analysis
    • 8.1. Global Plant-Based Protein Market overview: by Region
      • 8.1.1. Global Plant-Based Protein Market share, by Region, 2018 and 2025
    • 8.2. North America
      • 8.2.1. North America Plant-Based Protein Market, 2016-2026 (USD Billion)
      • 8.2.2. North America Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
      • 8.2.3. North America Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
      • 8.2.4. North America Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.2.5.2. U.S. Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.2.5.3. U.S. Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.2.6. Rest of North America
        • 8.2.6.1. Rest of North America Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.2.6.2. Rest of North America Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.2.6.3. Rest of North America Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Plant-Based Protein Market, 2016-2026 (USD Billion)
      • 8.3.2. Europe Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
      • 8.3.3. Europe Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
      • 8.3.4. Europe Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. UK Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.3.5.2. UK Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.3.5.3. UK Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.3.6.2. France Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.3.6.3. France Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.3.7.2. Germany Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.3.7.3. Germany Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of Europe Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.3.8.2. Rest of Europe Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.3.8.3. Rest of Europe Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Plant-Based Protein Market, 2016-2026 (USD Billion)
      • 8.4.2. Asia Pacific Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
      • 8.4.3. Asia Pacific Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
      • 8.4.4. Asia Pacific Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.4.5. China
        • 8.4.5.1. China Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.4.5.2. China Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.4.5.3. China Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.4.6.2. Japan Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.4.6.3. Japan Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.4.7. India
        • 8.4.7.1. India Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.4.7.2. India Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.4.7.3. India Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.4.8.2. Rest of Asia Pacific Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.4.8.3. Rest of Asia Pacific Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Plant-Based Protein Market, 2016-2026 (USD Billion)
      • 8.5.2. Latin America Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
      • 8.5.3. Latin America Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
      • 8.5.4. Latin America Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.5.5.2. Brazil Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.5.5.3. Brazil Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
        • 8.5.6.2. Rest of Latin America Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
        • 8.5.6.3. Rest of Latin America Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Plant-Based Protein Market, 2016-2026 (USD Billion)
      • 8.6.2. The Middle East and Africa Plant-Based Protein Market revenue, By Source,2016-2026 (USD Billion)
      • 8.6.3. The Middle East and Africa Plant-Based Protein Market revenue, By Application, 2016-2026 (USD Billion)
      • 8.6.4. The Middle East and Africa Plant-Based Protein Market revenue, By Type, 2016-2026 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Sotexpro S.A
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Source Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Axiom Foods
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Source Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. The Scoular Company
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Source Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Burcon Nutrascience Corporation
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Source Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. Royal DSM
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Source Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Tate & Lyle
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Source Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. Ingredion
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Source Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Kerry
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Source Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. DowDuPont
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Source Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development
    • 9.10. ADM
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Source Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Development

Methodology


Frequently Asked Questions

Plant-based Protein Market valued US$ 16.1 Billion in 2018 and is anticipated to be valued at US$ 45.29 Billion in 2026 at a CAGR of 13.8%.

Based on the region, currently, North America dominates the market share. The remarkable growth in the fitness industry in this region, coupled with increasing health concerns among the geriatric population regarding plant-based protein foods is expected to propel the market growth in the forecast timeline. The increasing demand for nutritional supplements in the Asia-Pacific region owing to the growing fitness industry along with rising trends of healthy eating expected to fuel the market demand over the forecast years.

The major players operating in the plant-based protein market are Sotexpro S.A, Axiom Foods, The Scoular Company, Burcon Nutrascience Corporation, Royal DSM, Tate & Lyle, Ingredion, Kerry, DowDuPont, ADM, Cargill, and Glanbia.

The major factors that are expected to drive the global plant-based protein market are consumer preference towards a vegan diet and nutritional benefits offered by plant-based food. Moreover, the “clean-eating” trends among the geriatric population are the factors that are expected to bolster the market growth over the forecast years.

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