The plant-based proteins market is currently valued at US$ 13.12 billion and is expected to reach US$ 23.84 billion by 2032, growing at a value CAGR of 6.2%. The greatest anticipated CAGRs for market expansion are in South Asia and East Asia. North America and Europe together account for more than 60% of the market’s overall volume.
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At the end of 2021, the Global Plant-based Proteins Market was valued at US$ 12.3 billion, growing at a CAGR of 4.9% from 2017 to 2021. Since they include all the necessary essential amino acids, proteins are the most significant nutrient for humans. Plant and vegetable sources like soy, wheat, and peas, which are high in protein, are the source of plant-based proteins.
Country-wise Insights
What is the Germany Plant-based Proteins Market Outlook?
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- In Europe, Germany is expected to provide great growth opportunities and progress a CAGR of 7.2%, rising from its current market valuation of US$ 484.2 Mn in 2022.
- The vegan population in the country is rapidly increasing. Hence, the consumption of plant-based proteins is expected to rise in the country over the coming years.
Why Does North America Hold the Largest Market Share in the Plant-based Proteins Space?
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- North America is the largest consumer of plant-based ingredients as the vegan population is the largest in the region.
- Demand for plant-based products in the region is projected to increase rapidly as a result of this.
- The North American plant-based proteins market is currently valued at US$ 4.87 Bn and is predicted to surge to US$ 7.52 Bn by 2032.
Companies
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- A&B Ingredients
- Archer Daniels Midland Company
- AGT Food & Ingredients
- Axiom Foods Inc.
- Burcon
- Cargill Incorporated
- CHS Inc.
- Cosucra
- DuPont
- Fuji Oil Holdings Inc.
- Glanbia plc
- Gushen Biotechnology Group Co. Ltd.
- Ingredion
- Kansas Protein Foods LLC
- Kerry
- Roquette Freres
- Tate & Lyle
- Titan Biotech Ltd.
- The Scoular Company
- Wilmar International Ltd.
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Plant-based Proteins Industry Research by Category
Plant-based Proteins Market by Type:
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- Soy Protein
- Wheat Protein
- Pea Protein
- Others
- Pulse Protein
- Rice Protein
- Potato protein
- Flax Protein
- Canola Protein
Plant-based Proteins Market by Form:
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- Isolates
- Concentrates
- Hydrolysates
Plant-based Proteins Market by Nature:
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- Organic Plant-based Proteins
- Conventional Plant-based Proteins
Plant-based Proteins Market by Application:
Nutritional Products
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- Sports Nutrition
- Medical nutrition
- Infant Nutrition
Bakery
Snacks & Cereals
Dairy Alternatives
Confectionery & Desserts
Convenience Food
Beverages
Animal Feed
Others
Plant-based Proteins Market by Region:
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- North America Plant-based Proteins Market
- Latin America Plant-based Proteins Market
- Europe Plant-based Proteins Market
- South Asia Plant-based Proteins Market
- East Asia Plant-based Proteins Market
- Oceania Plant-based Proteins Market
- Middle East & Africa Plant-based Proteins Market
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FAQ’S:
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- How much is the global plant-based proteins market valued at?
- What are the main factors driving demand for plant-based proteins?
- How is the plant-based proteins market faring in Japan and China?
- Which countries are leading market growth in Europe?
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