Report Detail

The global plant protein market accounted for US$ 16,653.6 Mn in 2018 and is expected to grow at a CAGR of 6.2% during the forecast period 2019 - 2027, to account US$ 27,965.9 Mn by 2027. Proteins are vital nutrients required by the human body, which are made up of amino acids. Plant proteins are obtained from various plant sources such as soy, wheat, pea, nuts, and seeds, among others. Various plant sources such as lentils, chickpeas, peanuts, almonds, spirulina, quinoa, and chia seed provide a high amount of proteins. Since plant proteins are low in calories, they can be consumed as a substitute for animal protein for weight loss. Growing demand for plant-based food coupled with rising consumer interest in high protein food is the key factors boosting the demand for plant protein globally. Furthermore, the growing adoption of vegan lifestyles among the population in developed countries is expected to play a significant role in the demand for plant protein globally.

Based on the type, the market is segmented into isolates, concentrates, and protein flour. In 2018, the concentrate segment held the largest share in the global plant protein market. Plant protein concentrates are produced by extracting protein from whole food using heat and acid or enzymes. These typically supply 60–80% protein, with the remaining 20–40% composed of fat and carbs. The low prices of concentrated plant protein as compared to plant protein isolates is the key factor leading to high demand for plant protein concentrated globally.
The concentrated plant protein is the least processed type of protein powder. Plant protein in the concentrated form helps the muscles to recover quickly from heavy exercise as it is absorbed quickly by the body. Therefore, easy availability of plant protein concentrates coupled with lower prices compared to plant protein isolates are the key factors boosting the market.


Rising inclination toward vegan diet and plant-based protein is influencing this market. A vegan diet includes consumption of only plants based food such as grains, nuts, vegetables, and fruits. Vegans do not prefer eating food derived from animals, which includes dairy products, meat, and eggs, among others. The vegan population in the developed countries is constantly increasing over the past few years. For instance, according to a study conducted by Vegan bits in 2016, only 0.5% of the USA population was vegan. However, the percentage raised to 6% in 2019. Preventing the exploitation of animals and the environment is the key reason for consumers’ preference towards a vegan diet. Moreover, due to increasing incidences of animal protein allergies, most of the meat consumers are inclined toward meat substitutes made of vegan protein, which ultimately drives the demand for plant protein. This trend is projected to impact the overall growth of the plant protein market in the near future.

Some of the players operating in plant protein market are Archer Daniels Midland Company, Axiom Foods, Inc., Burcon NutraScience Corporation, Cargill, Incorporated, E. I. Du Pont De Nemours and Company, Glanbia plc., Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., and Roquette Frères. These players are influencing the growth of the plant protein market.

The overall global plant protein market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the plant protein market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the plant protein market.


TABLE OF CONTENTS

    1. Introduction

    • 1.1 Scope of the Study
    • 1.2 The Insight Partners Research Report Guidance
    • 1.3 Market Segmentation
      • 1.3.1 Plant Protein Market, by Source
      • 1.3.2 Plant Protein Market, by Type
      • 1.3.3 Plant Protein Market, by Application
      • 1.3.4 Plant Protein Market, by Geography

    2. Key Takeaways

      3. Research Methodology

      • 3.1 Coverage
      • 3.2 Secondary Research
      • 3.3 Primary Research

      4. Plant Protein Market Landscape

      • 4.1 Market Overview
      • 4.2 PEST Analysis
        • 4.2.1 North America PEST Analysis
        • 4.2.2 Europe PEST Analysis
        • 4.2.3 APAC PEST Analysis
        • 4.2.4 Middle East and Africa PEST Analysis
        • 4.2.5 South America PEST Analysis
      • 4.3 Expert Opinion

      5. Plant Protein Market – Key Industry Dynamics

      • 5.1 Key Market Drivers
        • 5.1.1 Health Benefits Associated with Plant Protein Consumption
        • 5.1.2 Rising Consumer Awareness About Protein-Rich Food
      • 5.2 Key Market Restraints
        • 5.2.1 Volatility in the Prices of Plant Protein Sources
      • 5.3 Key Market Opportunities
        • 5.3.1 Emerging Use of Plant Protein in Sports Nutrition and Cosmetic Application
      • 5.4 Future Trends
        • 5.4.1 Rising Inclination Toward Vegan Diet and Plant-Based Protein
      • 5.5 Impact Analysis

      6. Plant Protein– Global Market Analysis

      • 6.1 Global Plant Protein Market Overview
      • 6.2 Global Plant Protein Market Forecast And Analysis
      • 6.3 Market Positioning

      7. Plant Protein Market Analysis – by Source

      • 7.1 Overview
      • 7.2 Plant Protein Market Breakdown, by Source, 2018 and 2027
      • 7.3 Soy
        • 7.3.1 Overview
        • 7.3.2 Soy Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton, US$ Mn)
      • 7.4 Wheat
        • 7.4.1 Overview
        • 7.4.2 Wheat Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 7.5 Pea
        • 7.5.1 Overview
        • 7.5.2 Pea Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 7.6 Other Sources
        • 7.6.1 Overview
        • 7.6.2 Others Source Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton and US$ Mn)

      8. Plant Protein Market Analysis – by Type

      • 8.1 Overview
      • 8.2 Plant Protein Market Breakdown, by Type, 2018 and 2027
      • 8.3 Isolates
        • 8.3.1 Overview
        • 8.3.2 Plant Protein Isolates Market, In Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 8.4 Concentrates
        • 8.4.1 Overview
        • 8.4.2 Plant Protein Concentrates Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 8.5 Protein Flour
        • 8.5.1 Overview
        • 8.5.2 Protein Flour Type Market, In Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)

      9. Plant Protein Market Analysis – by Application

      • 9.1 Overview
      • 9.2 Plant Protein Market Breakdown, by Application, 2018 and 2027
      • 9.3 Protein Beverages
        • 9.3.1 Overview
        • 9.3.2 Plant Protein Market for Protein Beverages, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 9.4 Dairy Alternatives
        • 9.4.1 Overview
        • 9.4.2 Plant Protein Market for Dairy Alternatives, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 9.5 Meat Alternatives and Meat Extenders
        • 9.5.1 Overview
        • 9.5.2 Plant Protein Market for Meat Alternatives and Meat Extenders, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 9.6 Protein Bars
        • 9.6.1 Overview
        • 9.6.2 Plant Protein Market for Protein Bars, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
      • 9.7 Bakery
        • 9.7.1 Overview
        • 9.7.2 Bakery Application Market, Volume and Revenue Forecasts to 2027 (KILO TONS, US$ Mn)
      • 9.8 Other Applications
        • 9.8.1 Overview
        • 9.8.2 Plant Protein Market for Others Applications, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)

      10. Plant Protein Market : Geographic Analysis

      • 10.1 Overview
      • 10.2 North America Plant Protein Market, Revenue and Forecast to 2027
        • 10.2.1 North America Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
        • 10.2.2 North America Plant Protein Market Breakdown, by Source-by Value
        • 10.2.3 North America Plant Protein Market Breakdown, by Type
        • 10.2.4 North America Plant Protein Market Breakdown, by Application
        • 10.2.5 North America Plant Protein Market Breakdown, by Country
          • 10.2.5.1 US Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
          • 10.2.5.1.1 US Plant Protein Market Breakdown, by Source
          • 10.2.5.1.2 US Plant Protein Market Breakdown, by Type
          • 10.2.5.1.3 US Plant Protein Market Breakdown, by Application
          • 10.2.5.2 Canada Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
          • 10.2.5.2.1 Canada Plant Protein Market Breakdown, by Source
          • 10.2.5.2.2 Canada Plant Protein Market Breakdown, by Type
          • 10.2.5.2.3 Canada Plant Protein Market Breakdown, by Application
          • 10.2.5.3 Mexico Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
          • 10.2.5.3.1 Mexico Plant Protein Market Breakdown, by Source
          • 10.2.5.3.2 Mexico Plant Protein Market Breakdown, by Type
          • 10.2.5.3.3 Mexico Plant Protein Market Breakdown, by Application
          • 10.3 Europe Plant Protein Market, Revenue and Forecast to 2027
            • 10.3.1 Europe Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
            • 10.3.2 Europe Plant Protein Market Breakdown, by Source
            • 10.3.3 Europe Plant Protein Market Breakdown, by Type
            • 10.3.4 Europe Plant Protein Market Breakdown, by Application
            • 10.3.5 Europe Plant Protein Market Breakdown, by Country
              • 10.3.5.1 Germany Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
              • 10.3.5.1.1 Germany Plant Protein Market Breakdown, by Source
              • 10.3.5.1.2 Germany Plant Protein Market Breakdown, by Type
              • 10.3.5.1.3 Germany Plant Protein Market Breakdown, by Application
              • 10.3.5.2 France Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
              • 10.3.5.2.1 France Plant Protein Market Breakdown, by Source
              • 10.3.5.2.2 France Plant Protein Market Breakdown, by Type
              • 10.3.5.2.3 France Plant Protein Market Breakdown, by Application
              • 10.3.5.3 Italy Plant Protein Market, in Terms of Volume and Value, Revenue and Forecast to 2027 (Kiloton and US$ Mn)
              • 10.3.5.3.1 Italy Plant Protein Market Breakdown, by Source
              • 10.3.5.3.2 Italy Plant Protein Market Breakdown, by Type
              • 10.3.5.3.3 Italy Plant Protein Market Breakdown, by Application
              • 10.3.5.4 UK Plant Protein Market, in Terms of Volume, Revenue and Forecast to 2027 (Kiloton, US$ Mn)
              • 10.3.5.4.1 UK Plant Protein Market Breakdown, by Source
              • 10.3.5.4.2 UK Plant Protein Market Breakdown, by Type
              • 10.3.5.4.3 UK Plant Protein Market Breakdown, by Application
              • 10.3.5.5 Russia Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
              • 10.3.5.5.1 Russia Plant Protein Market Breakdown, by Source
              • 10.3.5.5.2 Russia Plant Protein Market Breakdown, by Type
              • 10.3.5.5.3 Russia Plant Protein Market Breakdown, by Application
              • 10.3.5.6 Rest of Europe Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
              • 10.3.5.6.1 Rest of Europe Plant Protein Market Breakdown, by Source
              • 10.3.5.6.2 Rest of Europe Plant Protein Market Breakdown, by Type
              • 10.3.5.6.3 Rest of Europe Plant Protein Market Breakdown, by Application
              • 10.4 APAC Plant Protein Market, Revenue and Forecast to 2027
                • 10.4.1 APAC Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                • 10.4.2 APAC Plant Protein Market Breakdown, by Source
                • 10.4.3 APAC Plant Protein Market Breakdown, by Type
                • 10.4.4 APAC Plant Protein Market Breakdown, by Application
                • 10.4.5 APAC Plant Protein Market Breakdown, by Country
                  • 10.4.5.1 Australia Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                  • 10.4.5.1.1 Australia Plant Protein Market Breakdown, by Source
                  • 10.4.5.1.2 Australia Plant Protein Market Breakdown, by Type
                  • 10.4.5.1.3 Australia Plant Protein Market Breakdown, by Application
                  • 10.4.5.2 China Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                  • 10.4.5.2.1 China Plant Protein Market Breakdown, by Source
                  • 10.4.5.2.2 China Plant Protein Market Breakdown, by Type
                  • 10.4.5.2.3 China Plant Protein Market Breakdown, by Application
                  • 10.4.5.3 India Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                  • 10.4.5.3.1 India Plant Protein Market Breakdown, by Source
                  • 10.4.5.3.2 India Plant Protein Market Breakdown, by Type
                  • 10.4.5.3.3 India Plant Protein Market Breakdown, by Application
                  • 10.4.5.4 Japan Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                  • 10.4.5.4.1 Japan Plant Protein Market Breakdown, by Source
                  • 10.4.5.4.2 Japan Plant Protein Market Breakdown, by Type
                  • 10.4.5.4.3 Japan Plant Protein Market Breakdown, by Application
                  • 10.4.5.5 South Korea Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                  • 10.4.5.5.1 South Korea Plant Protein Market Breakdown, by Source
                  • 10.4.5.5.2 South Korea Plant Protein Market Breakdown, by Type
                  • 10.4.5.5.3 South Korea Plant Protein Market Breakdown, by Application
                  • 10.4.5.6 Rest of APAC Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                  • 10.4.5.6.1 Rest of APAC Plant Protein Market Breakdown, by Source
                  • 10.4.5.6.2 Rest of APAC Plant Protein Market Breakdown, by Type
                  • 10.4.5.6.3 Rest of APAC Plant Protein Market Breakdown, by Application
                  • 10.5 MEA Plant Protein Market, Revenue and Forecast to 2027
                    • 10.5.1 MEA Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                    • 10.5.2 MEA Plant Protein Market Breakdown, by Source
                    • 10.5.3 MEA Plant Protein Market Breakdown, by Type
                    • 10.5.4 MEA Plant Protein Market Breakdown, by Application
                    • 10.5.5 MEA Plant Protein Market Breakdown, by Country
                      • 10.5.5.1 South Africa Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                      • 10.5.5.1.1 South Africa Plant Protein Market Breakdown, by Source
                      • 10.5.5.1.2 South Africa Plant Protein Market Breakdown, by Type
                      • 10.5.5.1.3 South Africa Plant Protein Market Breakdown, by Application
                      • 10.5.5.2 Saudi Arabia Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                      • 10.5.5.2.1 Saudi Arabia Plant Protein Market Breakdown, by Source
                      • 10.5.5.2.2 Saudi Arabia Plant Protein Market Breakdown, by Type
                      • 10.5.5.2.3 Saudi Arabia Plant Protein Market Breakdown, by Application
                      • 10.5.5.3 UAE Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                      • 10.5.5.3.1 UAE Plant Protein Market Breakdown, by Source
                      • 10.5.5.3.2 UAE Plant Protein Market Breakdown, by Type
                      • 10.5.5.3.3 UAE Plant Protein Market Breakdown, by Application
                      • 10.5.5.4 Rest of MEA Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                      • 10.5.5.4.1 Rest of MEA Plant Protein Market Breakdown, by Source
                      • 10.5.5.4.2 Rest of MEA Plant Protein Market Breakdown, by Type
                      • 10.5.5.4.3 Rest of MEA Plant Protein Market Breakdown, by Application
                      • 10.6 SAM Plant Protein Market, Revenue and Forecast to 2027
                        • 10.6.1 SAM Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                        • 10.6.2 SAM Plant Protein Market Breakdown, by Source
                        • 10.6.3 SAM Plant Protein Market Breakdown, by Type
                        • 10.6.4 SAM Plant Protein Market Breakdown, by Application
                        • 10.6.5 SAM Plant Protein Market Breakdown, by Country
                          • 10.6.5.1 Brazil Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                          • 10.6.5.1.1 Brazil Plant Protein Market Breakdown, by Source
                          • 10.6.5.1.2 Brazil Plant Protein Market Breakdown, by Type
                          • 10.6.5.1.3 Brazil Plant Protein Market Breakdown, by Application
                          • 10.6.5.2 Argentina Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                          • 10.6.5.2.1 Argentina Plant Protein Market Breakdown, by Source
                          • 10.6.5.2.2 Argentina Plant Protein Market Breakdown, by Type
                          • 10.6.5.2.3 Argentina Plant Protein Market Breakdown, by Application
                          • 10.6.5.3 Rest of SAM Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
                          • 10.6.5.3.1 Rest of SAM Plant Protein Market Breakdown, by Source
                          • 10.6.5.3.2 Rest of SAM Plant Protein Market Breakdown, by Type
                          • 10.6.5.3.3 Rest of SAM Plant Protein Market Breakdown, by Application

                          11. Industry Landscape

                          • 11.1 Merger and Acquisition
                          • 11.2 Product News
                          • 11.3 Strategy and Business Planning

                          12. Company Profiles

                          • 12.1 E. I. Du Pont De Nemours and Company
                            • 12.1.1 Key Facts
                            • 12.1.2 Business Description
                            • 12.1.3 Products and Services
                            • 12.1.4 Financial Overview
                            • 12.1.5 SWOT Analysis
                            • 12.1.6 Key Developments
                          • 12.2 Archer Daniels Midland Company
                            • 12.2.1 Key Facts
                            • 12.2.2 Business Description
                            • 12.2.3 Products and Services
                            • 12.2.4 Financial Overview
                            • 12.2.5 SWOT Analysis
                            • 12.2.6 Key Developments
                          • 12.3 Kerry Group
                            • 12.3.1 Key Facts
                            • 12.3.2 Business Description
                            • 12.3.3 Products and Services
                            • 12.3.4 Financial Overview
                            • 12.3.5 SWOT Analysis
                            • 12.3.6 Key Developments
                          • 12.4 Koninklijke DSM N.V.
                            • 12.4.1 Key Facts
                            • 12.4.2 Business Description
                            • 12.4.3 Products and Services
                            • 12.4.4 Financial Overview
                            • 12.4.5 SWOT Analysis
                            • 12.4.6 Key Developments
                          • 12.5 Axiom Foods, Inc.
                            • 12.5.1 Key Facts
                            • 12.5.2 Business Description
                            • 12.5.3 Products and Services
                            • 12.5.4 Financial Overview
                            • 12.5.5 SWOT Analysis
                            • 12.5.6 Key Developments
                          • 12.6 Cargill, Incorporated
                            • 12.6.1 Key Facts
                            • 12.6.2 Business Description
                            • 12.6.3 Products and Services
                            • 12.6.4 Financial Overview
                            • 12.6.5 SWOT Analysis
                            • 12.6.6 Key Developments
                          • 12.7 Roquette Frères
                            • 12.7.1 Key Facts
                            • 12.7.2 Business Description
                            • 12.7.3 Products and Services
                            • 12.7.4 Financial Overview
                            • 12.7.5 SWOT Analysis
                            • 12.7.6 Key Developments
                          • 12.8 Ingredion Incorporated
                            • 12.8.1 Key Facts
                            • 12.8.2 Business Description
                            • 12.8.3 Products and Services
                            • 12.8.4 Financial Overview
                            • 12.8.5 SWOT Analysis
                            • 12.8.6 Key Developments
                          • 12.9 Glanbia plc.
                            • 12.9.1 Key Facts
                            • 12.9.2 Business Description
                            • 12.9.3 Products and Services
                            • 12.9.4 Financial Overview
                            • 12.9.5 SWOT Analysis
                            • 12.9.6 Key Developments
                          • 12.10 Burcon NutraScience Corporation
                            • 12.10.1 Key Facts
                            • 12.10.2 Business Description
                            • 12.10.3 Products and Services
                            • 12.10.4 Financial Overview
                            • 12.10.5 SWOT Analysis
                            • 12.10.6 Key Developments

                          13. Appendix

                          • 13.1 About The Insight Partners
                          • 13.2 Glossary

      Summary:
      Get latest Market Research Reports on Plant Protein . Industry analysis & Market Report on Plant Protein is a syndicated market report, published as Plant Protein Market to 2027 - Global Analysis and Forecast by Source (Soy, Wheat, Pea, and Others); Type (Isolates, Concentrates, and Protein Flour); Application (Protein Beverages, Dairy Alternatives, Meat Alternatives and Meat Extenders, Protein Bars, Bakery, and Others), and Geography. It is complete Research Study and Industry Analysis of Plant Protein market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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