Plant Based Protein Market Size, Trends and Insights By Product Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Corn Protein, Others (Quinoa, Hemp, Chia, etc.)), By Application (Food & beverages, Meat Alternatives, Dairy Alternatives, Bakery Products, Performance Nutrition, Convenience Foods, Animal Feed, Other), By Form (Isolates, Concentrates, Textured, Others (Flour, Protein Crisps, etc.)), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Specialty Stores, Others (Health Stores, Pharmacies, etc.)), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- ADM
- AGT Food & Ingredients Inc.
- AMCO Proteins
- Aminola
- Archer Daniels Midland Co.
- Australian Plant Proteins Pty Ltd
- Others
Reports Description
Global Plant Based Protein Market was valued at USD 14.84 Billion in 2024 and is expected to reach USD 23.82 Billion by 2033, at a CAGR of 5.4% during the forecast period 2024 – 2033.
Plant-based protein is protein derived from plants, as opposed to animal-based protein which comes from animal sources like meat, dairy, and eggs. There are many different types of plant-based proteins, each with its own unique amino acid profile and nutritional benefits.
Plant-based protein can be a healthy and nutritious part of a balanced diet. It is a good source of essential amino acids, fiber, vitamins, and minerals. Plant-based protein can also help to reduce the risk of chronic diseases such as heart disease, stroke, and type 2 diabetes.
Plant Based Protein Market: Growth Factors
Growing Health Consciousness Among Consumers
One significant driver propelling the global plant-based protein market is the increasing awareness and emphasis on health and wellness among consumers. With rising concerns about chronic diseases such as obesity, diabetes, and heart ailments, individuals are seeking healthier dietary options.
Plant-based proteins offer a compelling solution due to their lower saturated fat content, reduced cholesterol levels, and higher fiber content compared to animal-based proteins. For instance, according to the World Health Organization (WHO), high intake of red meat and processed meat is associated with an increased risk of colorectal cancer, encouraging consumers to shift towards plant-based protein sources.
Furthermore, the American Heart Association recommends plant-based diets for reducing the risk of cardiovascular diseases. Such endorsements and growing consumer awareness are driving the adoption of plant- based proteins globally.
Environmental Sustainability Concerns
Another significant driver for the plant-based protein market is the escalating concerns regarding environmental sustainability. Livestock farming, especially cattle rearing, is a major contributor to greenhouse gas emissions, deforestation, and water pollution.
As per the Food and Agriculture Organization (FAO) of the United Nations, the livestock sector accounts for approximately 14.5% of global greenhouse gas emissions. This environmental impact has led to heightened awareness among consumers, governments, and environmental organizations. Consequently, there is a growing shift towards plant-based diets as a more sustainable alternative.
Plant-based proteins require significantly less land, water, and energy resources compared to animal agriculture. Moreover, initiatives such as the Paris Agreement and the Sustainable Development Goals (SDGs) are driving policymakers to promote sustainable food systems, thereby fostering the growth of the plant-based protein market as a key component of a sustainable future.
Plant Based Protein Market: Restraints
Cost Challenges
One of the primary restraints hindering the widespread adoption of plant-based proteins is the perceived cost barrier. While the demand for plant-based products is increasing, these products often come with a higher price tag compared to their animal based counterparts. This cost differential arises due to various factors such as the production process, economies
of scale, and availability of raw materials. According to the U.S. Department of Agriculture (USDA), plant-based protein sources like legumes, nuts, and seeds can be more expensive to produce and process than conventional meat products.
Additionally, factors such as the limited availability of specialized plant protein ingredients and higher production costs for plant-based meat alternatives contribute to their premium pricing. As a result, price conscious consumers may be deterred from choosing plant-based options, especially in regions with lower purchasing power or where traditional meat products are more affordable.
Plant Based Protein Market: Challenges
Another significant restraint for the plant-based protein market is the taste and texture challenges associated with plant-based meat substitutes. While advancements in food technology have led to significant improvements in mimicking the taste and texture of meat, achieving an exact replication remains a challenge.
According to the European Food Safety Authority (EFSA), sensory attributes such as flavor, juiciness, and mouthfeel significantly influence consumer acceptance of meat substitutes. Despite efforts to enhance palatability through ingredient innovation and flavouring techniques, some consumers still perceive plant-based alternatives as inferior in taste and texture compared to conventional meat products.
This taste and texture gap poses a barrier to mainstream adoption, particularly among meat loving consumers who prioritize sensory experience in their food choices. As a result, enhancing the organoleptic properties of plant-based proteins while maintaining their nutritional benefits presents a key challenge for manufacturers and food scientists.
Plant Based Protein Market: Opportunities
Health and Wellness Trends
With an increasing emphasis on health and wellness, consumers are turning towards plant-based protein sources as healthier alternatives to animal products. Concerns about obesity, heart disease, and other health issues related to excessive meat consumption have driven this shift.
According to data from the Food and Agriculture Organization (FAO), global meat consumption is projected to rise by 76% by 2050, indicating a substantial opportunity for plant-based alternatives to capture market share.
Innovation and Product Development
Advances in food technology and innovation have facilitated the creation of a diverse range of plant-based protein products that closely mimic the taste, texture, and nutritional profile of meat and dairy products. Companies are investing in research and development to enhance the sensory attributes and nutritional value of plant-based alternatives.
According to the European Food Information Council (EUFIC), the plant-based protein market is expected to witness substantial growth due to ongoing product innovation and the introduction of new plant-based protein sources such as pea protein, soy protein, and lentil protein.
Retail and Foodservice Expansion
The expanding availability of plant-based protein products in retail stores, supermarkets, and food service outlets has significantly contributed to market growth. Major food retailers and restaurant chains are increasingly incorporating plant-based options into their menus to cater to the rising demand from vegan, vegetarian, and flexitarian consumers.
The International Food Information Council (IFIC) Foundation highlights that plant-based protein products are gaining traction across various food service segments, including fast food chains, casual dining restaurants, and cafeterias, indicating ample opportunities for market expansion in both retail and food service channels.
Plant Based Protein Market: Segmentation Analysis
Based on Product Type, the plant-based Protein Market is segmented into Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Corn Protein and Others (Quinoa, Hemp, Chia, etc.). Among all these segments Soy Protein held the highest market share during 2022.
Soy protein has historically been one of the most popular plant-based protein sources due to its versatility and relatively low cost. It has a well- established market presence and is widely used in various food products.
Further, Pea protein has been experiencing rapid growth in recent years due to factors such as its allergen free nature, sustainability, and rising consumer demand for plant-based protein alternatives. It is increasingly being used in a variety of food and beverage products.
Based on Application, the plant-based Protein Market is segmented into Food & beverages, Meat Alternatives, Dairy Alternatives, Bakery Products, Performance Nutrition, Convenience Foods, Animal Feed and Others. Among all these segments Food & Beverages held the highest market share in 2022. The food and beverage industry represents the largest market for protein ingredients.
It encompasses a wide range of products, including snacks, beverages, dairy alternatives, and meat alternatives, making it a leading subsegment. With the growing trend towards plant-based diets and concerns about environmental sustainability and animal welfare, the market for meat alternatives is experiencing significant growth. Consumers are seeking plant-based protein sources as substitutes for traditional meat products.
Based on Form, plant-based protein market is segmented into Isolates, Concentrates, Textured, and Others (Flour, Protein Crisps, etc.). Among all these segments, Isolates held the highest market share in 2022. Protein isolates are highly concentrated forms of protein with minimal levels of fats and carbohydrates.
They are preferred by manufacturers for their purity and versatility in formulation, making them a leading subsegment. Textured protein products, such as textured vegetable protein (TVP), are gaining popularity as meat substitutes in various food applications. They offer a meat like texture and are used in products like veggie burgers, sausages, and nuggets.
Based on the Distribution Channel, the Plant-based protein market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Specialty Stores, and Others (Health Stores, Pharmacies, etc.). Among all these segments, Hypermarkets/Supermarkets held the highest market share in 2022.
Hypermarkets and supermarkets typically have extensive product offerings and reach a wide consumer base. They are favoured distribution channels for protein ingredients due to their convenience and accessibility. Online retail has been experiencing rapid growth across various industries, including food and beverage.
The convenience of online shopping, coupled with the availability of a wide range of products, makes it an attractive channel for purchasing protein ingredients, especially for niche and specialty products.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 14.84 Billion |
| Projected Market Size in 2033 | USD 23.82 Billion |
| Market Size in 2023 | USD 14.08 Billion |
| CAGR Growth Rate | 5.4% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Application, Form, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Plant Based Protein Market: Regional Analysis
North America held the highest market share of 37.45% in 2022 and is expected to keep its dominance during the forecast period. The United States and Canada have witnessed a surge in demand for plant-based protein products driven by factors such as health consciousness, environmental concerns, and dietary preferences.
North America has a mature market for plant-based protein products, with a well- established infrastructure and consumer base. The region is a hub for food innovation and technology, with numerous startups and established companies continuously introducing new plant-based products to meet consumer demand.
Additionally, initiatives promoting sustainability and animal welfare have further fuelled the growth of the market in this region. The region benefits from robust distribution networks, ensuring widespread availability of plant-based protein products across various retail channels.
The regulatory environment in North America is conducive to the growth of plant-based protein market, with government initiatives promoting sustainability and healthy eating habits. North America is also home to several key players in the plant-based protein industry, contributing to its leadership position.
Plant Based Protein Market: Recent Developments
- In July 2023, Burcon NutraScience Corporation and HPS Food and Ingredients Inc. collaborated to launch the first-ever commercially available high-purity, soluble hempseed protein isolate. This development opens up new possibilities for using hemp protein in various food and beverage applications due to its improved solubility and functionality.
- In December 2022, Royal DSM introduced Vertis™ Textured Pea Canola Protein, the first textured vegetable protein fulfilling the criteria of a complete protein while being dairy, gluten, and soy-free. This innovation offers manufacturers a versatile and allergen-friendly option for creating meat-like texture in plant-based products.
- In January 2022, Nestlé launches plant-based burger in the US. The food giant entered the US market with its Garden Gourmet plant-based burger, expanding its reach in the alternative meat sector. This move signalled the increasing mainstream appeal of plant-based protein options.
List of the prominent players in the Plant Based Protein Market:
- ADM
- AGT Food & Ingredients Inc.
- AMCO Proteins
- Aminola
- Archer Daniels Midland Co.
- Australian Plant Proteins Pty Ltd
- Axiom Foods Inc
- BENEO GmbH
- Burcon Nutrascience Corporation
- Cargill Incorporation
- CHS Inc.
- Corbion Tate & Lyle Plc.
- COSUCRA
- DSM
- I. du Pont de Nemours & Co.
- Emsland Group
- ETChem
- European Protein A/S
- Glanbia Plc.
- Ingredion Inc.
- International Flavors & Fragrances Inc.
- Kerry Group PLC
- MycoTechnology
- Now Food
- Nutraferma Inc.
- PURIS
- ROEON
- Roquette Freres
- Royal Avebe UA
- Shandong Jianyuan group
- SOTEXPRO
- Tate & Lyle
- The Green Labs LLC.
- Wilmar International Ltd.
- Others
These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Plant Based Protein Market is segmented as follows:
By Product Type
- Soy Protein
- Wheat Protein
- Pea Protein
- Rice Protein
- Potato Protein
- Corn Protein
- Others (Quinoa, Hemp, Chia, etc.)
By Application
- Food & beverages
- Meat Alternatives
- Dairy Alternatives
- Bakery Products
- Performance Nutrition
- Convenience Foods
- Animal Feed
- Other
By Form
- Isolates
- Concentrates
- Textured
- Others (Flour, Protein Crisps, etc.)
By Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
- Specialty Stores
- Others (Health Stores, Pharmacies, etc.)
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Plant Based Protein Market, (2024 – 2033) (USD Billion)
- 2.2 Global Plant Based Protein Market: snapshot
- Chapter 3. Global Plant Based Protein Market – Industry Analysis
- 3.1 Plant Based Protein Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing Health Consciousness Among Consumers
- 3.2.2 Environmental Sustainability Concerns
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Form
- 3.7.4 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Plant Based Protein Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Plant Based Protein Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, 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 – Product Type Analysis
- 5.1 Global Plant Based Protein Market Overview: By Product Type
- 5.1.1 Global Plant Based Protein Market Share, By Product Type, 2023 and 2033
- 5.2 Soy Protein
- 5.2.1 Global Plant Based Protein Market by Soy Protein, 2024 – 2033 (USD Billion)
- 5.3 Wheat Protein
- 5.3.1 Global Plant Based Protein Market by Wheat Protein, 2024 – 2033 (USD Billion)
- 5.4 Pea Protein
- 5.4.1 Global Plant Based Protein Market by Pea Protein, 2024 – 2033 (USD Billion)
- 5.5 Rice Protein
- 5.5.1 Global Plant Based Protein Market by Rice Protein, 2024 – 2033 (USD Billion)
- 5.6 Potato Protein
- 5.6.1 Global Plant Based Protein Market by Potato Protein, 2024 – 2033 (USD Billion)
- 5.7 Corn Protein
- 5.7.1 Global Plant Based Protein Market by Corn Protein, 2024 – 2033 (USD Billion)
- 5.8 Others (Quinoa, Hemp, Chia, etc.)
- 5.8.1 Global Plant Based Protein Market by Others (Quinoa, Hemp, Chia, etc.), 2024 – 2033 (USD Billion)
- 5.1 Global Plant Based Protein Market Overview: By Product Type
- 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, 2023 and 2033
- 6.2 Food & beverages
- 6.2.1 Global Plant Based Protein Market by Food & beverages, 2024 – 2033 (USD Billion)
- 6.3 Meat Alternatives
- 6.3.1 Global Plant Based Protein Market by Meat Alternatives, 2024 – 2033 (USD Billion)
- 6.4 Dairy Alternatives
- 6.4.1 Global Plant Based Protein Market by Dairy Alternatives, 2024 – 2033 (USD Billion)
- 6.5 Bakery Products
- 6.5.1 Global Plant Based Protein Market by Bakery Products, 2024 – 2033 (USD Billion)
- 6.6 Performance Nutrition
- 6.6.1 Global Plant Based Protein Market by Performance Nutrition, 2024 – 2033 (USD Billion)
- 6.7 Convenience Foods
- 6.7.1 Global Plant Based Protein Market by Convenience Foods, 2024 – 2033 (USD Billion)
- 6.8 Animal Feed
- 6.8.1 Global Plant Based Protein Market by Animal Feed, 2024 – 2033 (USD Billion)
- 6.9 Other
- 6.9.1 Global Plant Based Protein Market by Other, 2024 – 2033 (USD Billion)
- 6.1 Global Plant Based Protein Market Overview: By Application
- Chapter 7. Global Plant Based Protein Market – Form Analysis
- 7.1 Global Plant Based Protein Market Overview: By Form
- 7.1.1 Global Plant Based Protein Market Share, By Form, 2023 and 2033
- 7.2 Isolates
- 7.2.1 Global Plant Based Protein Market by Isolates, 2024 – 2033 (USD Billion)
- 7.3 Concentrates
- 7.3.1 Global Plant Based Protein Market by Concentrates, 2024 – 2033 (USD Billion)
- 7.4 Textured
- 7.4.1 Global Plant Based Protein Market by Textured, 2024 – 2033 (USD Billion)
- 7.5 Others (Flour, Protein Crisps, etc.)
- 7.5.1 Global Plant Based Protein Market by Others (Flour, Protein Crisps, etc.), 2024 – 2033 (USD Billion)
- 7.1 Global Plant Based Protein Market Overview: By Form
- Chapter 8. Global Plant Based Protein Market – Distribution Channel Analysis
- 8.1 Global Plant Based Protein Market Overview: By Distribution Channel
- 8.1.1 Global Plant Based Protein Market Share, By Distribution Channel, 2023 and 2033
- 8.2 Hypermarkets/Supermarkets
- 8.2.1 Global Plant Based Protein Market by Hypermarkets/Supermarkets, 2024 – 2033 (USD Billion)
- 8.3 Convenience Stores
- 8.3.1 Global Plant Based Protein Market by Convenience Stores, 2024 – 2033 (USD Billion)
- 8.4 Online Retail
- 8.4.1 Global Plant Based Protein Market by Online Retail, 2024 – 2033 (USD Billion)
- 8.5 Specialty Stores
- 8.5.1 Global Plant Based Protein Market by Specialty Stores, 2024 – 2033 (USD Billion)
- 8.6 Others (Health Stores, Pharmacies, etc.)
- 8.6.1 Global Plant Based Protein Market by Others (Health Stores, Pharmacies, etc.), 2024 – 2033 (USD Billion)
- 8.1 Global Plant Based Protein Market Overview: By Distribution Channel
- Chapter 9. Plant Based Protein Market – Regional Analysis
- 9.1 Global Plant Based Protein Market Regional Overview
- 9.2 Global Plant Based Protein Market Share, by Region, 2023 & 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Plant Based Protein Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.4 North America Plant Based Protein Market, by Product Type, 2024 – 2033
- 9.4.1 North America Plant Based Protein Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.5 North America Plant Based Protein Market, by Application, 2024 – 2033
- 9.5.1 North America Plant Based Protein Market, by Application, 2024 – 2033 (USD Billion)
- 9.6 North America Plant Based Protein Market, by Form, 2024 – 2033
- 9.6.1 North America Plant Based Protein Market, by Form, 2024 – 2033 (USD Billion)
- 9.7 North America Plant Based Protein Market, by Distribution Channel, 2024 – 2033
- 9.7.1 North America Plant Based Protein Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Plant Based Protein Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Plant Based Protein Market, by Product Type, 2024 – 2033
- 9.9.1 Europe Plant Based Protein Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.10 Europe Plant Based Protein Market, by Application, 2024 – 2033
- 9.10.1 Europe Plant Based Protein Market, by Application, 2024 – 2033 (USD Billion)
- 9.11 Europe Plant Based Protein Market, by Form, 2024 – 2033
- 9.11.1 Europe Plant Based Protein Market, by Form, 2024 – 2033 (USD Billion)
- 9.12 Europe Plant Based Protein Market, by Distribution Channel, 2024 – 2033
- 9.12.1 Europe Plant Based Protein Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Plant Based Protein Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Plant Based Protein Market, by Product Type, 2024 – 2033
- 9.14.1 Asia Pacific Plant Based Protein Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Plant Based Protein Market, by Application, 2024 – 2033
- 9.15.1 Asia Pacific Plant Based Protein Market, by Application, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Plant Based Protein Market, by Form, 2024 – 2033
- 9.16.1 Asia Pacific Plant Based Protein Market, by Form, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Plant Based Protein Market, by Distribution Channel, 2024 – 2033
- 9.17.1 Asia Pacific Plant Based Protein Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Plant Based Protein Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Plant Based Protein Market, by Product Type, 2024 – 2033
- 9.19.1 Latin America Plant Based Protein Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.20 Latin America Plant Based Protein Market, by Application, 2024 – 2033
- 9.20.1 Latin America Plant Based Protein Market, by Application, 2024 – 2033 (USD Billion)
- 9.21 Latin America Plant Based Protein Market, by Form, 2024 – 2033
- 9.21.1 Latin America Plant Based Protein Market, by Form, 2024 – 2033 (USD Billion)
- 9.22 Latin America Plant Based Protein Market, by Distribution Channel, 2024 – 2033
- 9.22.1 Latin America Plant Based Protein Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Plant Based Protein Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Plant Based Protein Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Plant Based Protein Market, by Product Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Plant Based Protein Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Plant Based Protein Market, by Application, 2024 – 2033
- 9.25.1 The Middle-East and Africa Plant Based Protein Market, by Application, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Plant Based Protein Market, by Form, 2024 – 2033
- 9.26.1 The Middle-East and Africa Plant Based Protein Market, by Form, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Plant Based Protein Market, by Distribution Channel, 2024 – 2033
- 9.27.1 The Middle-East and Africa Plant Based Protein Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 ADM
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 AGT Food & Ingredients Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 AMCO Proteins
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Aminola
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Archer Daniels Midland Co.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Australian Plant Proteins Pty Ltd
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Axiom Foods Inc
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 BENEO GmbH
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Burcon Nutrascience Corporation
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Cargill Incorporation
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 CHS Inc.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Corbion Tate & Lyle Plc.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 COSUCRA
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 DSM
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 E.I. du Pont de Nemours & Co.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Emsland Group
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 ETChem
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.18 European Protein A/S
- 10.18.1 Overview
- 10.18.2 Financials
- 10.18.3 Product Portfolio
- 10.18.4 Business Strategy
- 10.18.5 Recent Developments
- 10.19 Glanbia Plc.
- 10.19.1 Overview
- 10.19.2 Financials
- 10.19.3 Product Portfolio
- 10.19.4 Business Strategy
- 10.19.5 Recent Developments
- 10.20 Ingredion Inc.
- 10.20.1 Overview
- 10.20.2 Financials
- 10.20.3 Product Portfolio
- 10.20.4 Business Strategy
- 10.20.5 Recent Developments
- 10.21 International Flavors & Fragrances Inc.
- 10.21.1 Overview
- 10.21.2 Financials
- 10.21.3 Product Portfolio
- 10.21.4 Business Strategy
- 10.21.5 Recent Developments
- 10.22 Kerry Group PLC
- 10.22.1 Overview
- 10.22.2 Financials
- 10.22.3 Product Portfolio
- 10.22.4 Business Strategy
- 10.22.5 Recent Developments
- 10.23 MycoTechnology
- 10.23.1 Overview
- 10.23.2 Financials
- 10.23.3 Product Portfolio
- 10.23.4 Business Strategy
- 10.23.5 Recent Developments
- 10.24 Now Food
- 10.24.1 Overview
- 10.24.2 Financials
- 10.24.3 Product Portfolio
- 10.24.4 Business Strategy
- 10.24.5 Recent Developments
- 10.25 Nutraferma Inc.
- 10.25.1 Overview
- 10.25.2 Financials
- 10.25.3 Product Portfolio
- 10.25.4 Business Strategy
- 10.25.5 Recent Developments
- 10.26 PURIS
- 10.26.1 Overview
- 10.26.2 Financials
- 10.26.3 Product Portfolio
- 10.26.4 Business Strategy
- 10.26.5 Recent Developments
- 10.27 ROEON
- 10.27.1 Overview
- 10.27.2 Financials
- 10.27.3 Product Portfolio
- 10.27.4 Business Strategy
- 10.27.5 Recent Developments
- 10.28 Roquette Freres
- 10.28.1 Overview
- 10.28.2 Financials
- 10.28.3 Product Portfolio
- 10.28.4 Business Strategy
- 10.28.5 Recent Developments
- 10.29 Royal Avebe UA
- 10.29.1 Overview
- 10.29.2 Financials
- 10.29.3 Product Portfolio
- 10.29.4 Business Strategy
- 10.29.5 Recent Developments
- 10.30 Shandong Jianyuan group
- 10.30.1 Overview
- 10.30.2 Financials
- 10.30.3 Product Portfolio
- 10.30.4 Business Strategy
- 10.30.5 Recent Developments
- 10.31 SOTEXPRO
- 10.31.1 Overview
- 10.31.2 Financials
- 10.31.3 Product Portfolio
- 10.31.4 Business Strategy
- 10.31.5 Recent Developments
- 10.32 Tate & Lyle
- 10.32.1 Overview
- 10.32.2 Financials
- 10.32.3 Product Portfolio
- 10.32.4 Business Strategy
- 10.32.5 Recent Developments
- 10.33 The Green Labs LLC.
- 10.33.1 Overview
- 10.33.2 Financials
- 10.33.3 Product Portfolio
- 10.33.4 Business Strategy
- 10.33.5 Recent Developments
- 10.34 Wilmar International Ltd.
- 10.34.1 Overview
- 10.34.2 Financials
- 10.34.3 Product Portfolio
- 10.34.4 Business Strategy
- 10.34.5 Recent Developments
- 10.35 Others.
- 10.35.1 Overview
- 10.35.2 Financials
- 10.35.3 Product Portfolio
- 10.35.4 Business Strategy
- 10.35.5 Recent Developments
- 10.1 ADM
List Of Figures
Figures No 1 to 42
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- ADM
- AGT Food & Ingredients Inc.
- AMCO Proteins
- Aminola
- Archer Daniels Midland Co.
- Australian Plant Proteins Pty Ltd
- Axiom Foods Inc
- BENEO GmbH
- Burcon Nutrascience Corporation
- Cargill Incorporation
- CHS Inc.
- Corbion Tate & Lyle Plc.
- COSUCRA
- DSM
- I. du Pont de Nemours & Co.
- Emsland Group
- ETChem
- European Protein A/S
- Glanbia Plc.
- Ingredion Inc.
- International Flavors & Fragrances Inc.
- Kerry Group PLC
- MycoTechnology
- Now Food
- Nutraferma Inc.
- PURIS
- ROEON
- Roquette Freres
- Royal Avebe UA
- Shandong Jianyuan group
- SOTEXPRO
- Tate & Lyle
- The Green Labs LLC.
- Wilmar International Ltd.
- Others
FAQs
The Taste and Texture Challenges is major restraint in global Plant Based Protein market.
The Growing Health Consciousness Among Consumers is major driver in global Plant Based Protein market.
The “Soy Protein” category dominated the market in 2023.
The key players in the market are ADM, AGT Food & Ingredients Inc., AMCO Proteins, Aminola , Archer Daniels Midland Co., Australian Plant Proteins Pty Ltd, Axiom Foods Inc , BENEO GmbH , Burcon Nutrascience Corporation, Cargill Incorporation, CHS Inc., Corbion Tate & Lyle Plc., COSUCRA, DSM , E.I. du Pont de Nemours & Co., Emsland Group, ETChem , European Protein A/S, Glanbia Plc., Ingredion Inc., International Flavors & Fragrances Inc. , Kerry Group PLC, MycoTechnology , Now Food, Nutraferma Inc. , PURIS, ROEON , Roquette Freres, Royal Avebe UA, Shandong Jianyuan group, SOTEXPRO, Tate & Lyle , The Green Labs LLC., Wilmar International Ltd., Others.
“North America” had the largest share in the Plant Based Protein Market.
The global market is projected to grow at a CAGR of 5.4% during the forecast period, 2024-2033.
The Plant Based Protein Market size was valued at USD 14.84 Billion in 2024.