Plant-Based Protein Market Size, Share, Industry Forecast 2032
Plant-Based Protein Market by Type (Isolates, Protein Flour, and Concentrates), by Source (Soy, Wheat, Pea, and Others), by Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Nutrition Supplements, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 15.77 Billion | USD 32.33 Billion | 8.30% | 2023 |
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, 2024-2032 (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, 2024
- 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
- 4.1. Company market share 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,2024 and 2032
- 5.2. Soy
- 5.2.1. Global Plant-Based Protein Market by Soy, 2024-2032 (USD Billion)
- 5.3. Wheat
- 5.3.1. Global Plant-Based Protein Market by Wheat, 2024-2032 (USD Billion)
- 5.4. Pea
- 5.4.1. Global Plant-Based Protein Market by Pea, 2024-2032 (USD Billion)
- 5.5. Others
- 5.5.1. Global Plant-Based Protein Market by Others, 2024-2032 (USD Billion)
- 5.1. Global Plant-Based Protein Market overview: By Source
- 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, 2024 and 2032
- 6.2. Protein Beverages
- 6.2.1. Global Plant-Based Protein Market By Protein Beverages, 2024-2032 (USD Billion)
- 6.3. Dairy Alternatives
- 6.3.1. Global Plant-Based Protein Market By Dairy Alternatives, 2024-2032 (USD Billion)
- 6.4. Meat Alternatives
- 6.4.1. Global Plant-Based Protein Market By Meat Alternatives, 2024-2032 (USD Billion)
- 6.5. Nutrition Supplements
- 6.5.1. Global Plant-Based Protein Market By Nutrition Supplements, 2024-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Plant-Based Protein Market by Other, 2024-2032 (USD Billion)
- 6.1. Global Plant-Based Protein Market overview: By Application
- 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, 2024 and 2032
- 7.2. Isolates
- 7.2.1. Global Plant-Based Protein Market by Isolates, 2024-2032 (USD Billion)
- 7.3. Concentrates
- 7.3.1. Global Plant-Based Protein Market by Concentrates, 2024-2032 (USD Billion)
- 7.4. Protein Flour
- 7.4.1. Global Plant-Based Protein Market by Protein Flour, 2024-2032 (USD Billion)
- 7.1. Global Plant-Based Protein Market overview: By Type
- 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, 2024 and 2032
- 8.2. North America
- 8.2.1. North America Plant-Based Protein Market, 2024-2032 (USD Billion)
- 8.2.2. North America Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.2.3. North America Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.2.4. North America Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.2.5. U.S.
- 8.2.5.1. U.S. Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.2.5.2. U.S. Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.2.5.3. U.S. Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.2.6.2. Rest of North America Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.2.6.3. Rest of North America Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Plant-Based Protein Market, 2024-2032 (USD Billion)
- 8.3.2. Europe Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.3.3. Europe Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.3.4. Europe Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.3.5. UK
- 8.3.5.1. UK Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.3.5.2. UK Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.3.5.3. UK Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.3.6. France
- 8.3.6.1. France Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.3.6.2. France Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.3.6.3. France Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Germany Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.3.7.2. Germany Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.3.7.3. Germany Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.3.8.2. Rest of Europe Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.3.8.3. Rest of Europe Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Plant-Based Protein Market, 2024-2032 (USD Billion)
- 8.4.2. Asia Pacific Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.4.3. Asia Pacific Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.4.4. Asia Pacific Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.4.5. China
- 8.4.5.1. China Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.4.5.2. China Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.4.5.3. China Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.4.6. Japan
- 8.4.6.1. Japan Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.4.6.2. Japan Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.4.6.3. Japan Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.4.7. India
- 8.4.7.1. India Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.4.7.2. India Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.4.7.3. India Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.4.8.2. Rest of Asia Pacific Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.4.8.3. Rest of Asia Pacific Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Plant-Based Protein Market, 2024-2032 (USD Billion)
- 8.5.2. Latin America Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.5.3. Latin America Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.5.4. Latin America Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.5.5.2. Brazil Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.5.5.3. Brazil Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.5.6.2. Rest of Latin America Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.5.6.3. Rest of Latin America Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa Plant-Based Protein Market, 2024-2032 (USD Billion)
- 8.6.2. The Middle East and Africa Plant-Based Protein Market revenue, By Source,2024-2032 (USD Billion)
- 8.6.3. The Middle East and Africa Plant-Based Protein Market revenue, By Application, 2024-2032 (USD Billion)
- 8.6.4. The Middle East and Africa Plant-Based Protein Market revenue, By Type, 2024-2032 (USD Billion)
- 8.1. Global Plant-Based Protein Market overview: by Region
- 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
- 9.1. Sotexpro S.A
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Plant-Based Protein Market, 2024–2032 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Plant-Based Protein Market attractiveness, By Source
6. Global Plant-Based Protein Market attractiveness, By Application
7. Global Plant-Based Protein Market attractiveness, By Type
8. Global Plant-Based Protein Market share, By Source, 2024 and 2032
9. Global Plant-Based Protein Market by Soy, 2024–2032 (USD Billion)
10. Global Plant-Based Protein Market by Wheat,2024–2032 (USD Billion)
11. Global Plant-Based Protein Market by Pea,2024–2032 (USD Billion)
12. Global Plant-Based Protein Market by Others,2024–2032 (USD Billion)
13. Global Plant-Based Protein Market share, By Application, 2024 and 2032
14. Global Plant-Based Protein Market By Protein Beverages, 2024–2032 (USD Billion)
15. Global Plant-Based Protein Market By Dairy Alternatives, 2024–2032 (USD Billion)
16. Global Plant-Based Protein Market By Meat Alternatives, 2024–2032 (USD Billion)
17. Global Plant-Based Protein Market By Nutrition Supplements, 2024–2032 (USD Billion)
18. Global Plant-Based Protein Market By Others, 2024–2032 (USD Billion)
19. Global Plant-Based Protein Market share, By Type, 2024 and 2032
20. Global Plant-Based Protein Market by Isolates, 2024–2032 (USD Billion)
21. Global Plant-Based Protein Market by Concentrates, 2024–2032 (USD Billion)
22. Global Plant-Based Protein Market by Protein Flour, 2024–2032 (USD Billion)
23. Global Plant-Based Protein Market share, by Region, 2024and 2032
24. North America Plant-Based Protein Market, 2024–2032 (USD Billion)
25. Europe Plant-Based Protein Market, 2024–2032 (USD Billion)
26. Asia Pacific Plant-Based Protein Market, 2024–2032 (USD Billion)
27. Latin America Plant-Based Protein Market, 2024–2032 (USD Billion)
28. The Middle East and Africa Plant-Based Protein Market, 2024–2032 (USD Billion)
Table Of Tables
List of Tables
1. Global Plant-Based Protein Market: snapshot
2. Drivers of the Plant-Based Protein Market: impact analysis
3. Restraints of the Plant-Based Protein Market: impact analysis
4. North America Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
5. North America Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
6. North America Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
7. U.S. Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
8. U.S. Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
9. U.S. Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
10. Rest of North America Plant-Based Protein Market revenue, By Source, 2024–2032 (USD Billion)
11. Rest of North America Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
12. Rest of North America Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
13. Europe Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
14. Europe Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
15. Europe Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
16. UK Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
17. UK Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
18. UK Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
19. France Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
20. France Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
21. France Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
22. Germany Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
23. Germany Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
24. Germany Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
25. Rest of Europe Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
26. Rest of Europe Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
27. Rest of Europe Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
28. Asia Pacific Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
29. Asia Pacific Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
30. Asia Pacific Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
31. China Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
32. China Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
33. China Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
34. Japan Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
35. Japan Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
36. Japan Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
37. India Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
38. India Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
39. India Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
40. Rest of Asia Pacific Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
41. Rest of Asia Pacific Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
42. Rest of Asia Pacific Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
43. Latin America Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
44. Latin America Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
45. Latin America Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
46. Brazil Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
47. Brazil Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
48. Brazil Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
49. Rest of Latin America Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
50. Rest of Latin America Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
51. Rest of Latin America Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
52. The Middle East and Africa Plant-Based Protein Market revenue, By Source,2024–2032 (USD Billion)
53. The Middle East and Africa Plant-Based Protein Market revenue, By Application, 2024–2032 (USD Billion)
54. The Middle East and Africa Plant-Based Protein Market revenue, By Type, 2024–2032 (USD Billion)
Methodology
FrequentlyAsked Questions
According to a study, the global plant-based protein market size was worth around USD 15.77 billion in 2023 and is expected to reach USD 32.33 billion by 2032.
North America is expected to dominate the plant-based protein market over the forecast period.
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.
The global plant-based protein market is expected to grow at a CAGR of 8.30% during the forecast period.
HappyClients
