Plant-Based Proteins Market Size and Market Trends: Complete Industry Overview (2024 to 2031

The "Plant-Based Proteins Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Plant-Based Proteins market is expected to grow annually by 8.5% (CAGR 2024 - 2031).

This entire report is of 150 pages.

Plant-Based Proteins Introduction and its Market Analysis

The Plant-Based Proteins market research report highlights the increasing demand for plant-based proteins due to growing health consciousness and environmental concerns. The target market includes health-conscious consumers, vegetarians, and athletes seeking alternative protein sources. Major factors driving revenue growth include the rising popularity of plant-based diets, innovative product offerings, and increasing investments in research and development. Companies such as Glanbia, DowDuPont, and Cargill are leading players in the market, with a focus on product diversification and expanding their global reach. The report recommends that companies focus on product innovation, marketing strategies, and strategic collaborations to capitalize on the growing demand for plant-based proteins.

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The plant-based proteins market is rapidly growing, with key players including Soy Protein, Wheat Protein, Pea Protein, and others. These proteins are commonly used in Supplements & Nutritional Powders, Beverages, Protein & Nutritional Bars, Bakery & Snacks, Breakfast Cereals, Meat Products, Dairy Products, Infant Nutrition, and Animal Feed. The market is segmented based on the application of these proteins, catering to diverse consumer needs.

Regulatory and legal factors play a significant role in shaping the plant-based proteins market. As the demand for plant-based products continues to rise, industry regulations are becoming increasingly stringent. Companies must ensure compliance with labeling, health claims, quality standards, and food safety regulations in order to maintain consumer trust. Additionally, companies must navigate complex regulations related to genetically modified organisms (GMOs), organic certifications, and allergen labeling.

In this dynamic market environment, companies must stay informed about the latest regulatory requirements and market conditions to remain competitive. By understanding and adapting to the regulatory landscape, companies can capitalize on the growing demand for plant-based proteins and drive innovation in the industry.

Top Featured Companies Dominating the Global Plant-Based Proteins Market

The plant-based proteins market is highly competitive and rapidly growing, with key players such as Glanbia, DowDuPont, Roquette Freres, Archer-Daniels Midland, Cargill, Burcon Nutrascience, Cosucra Groupe Warcoing, Agt Food & Ingredients, Ingredion, CHS, The Scoular, Fuji Oil, Wilmar, Ag Processing, Batory Foods, Devansoy, Crown Soya Protein, Shandong Yuwang Ecological Food Industry, Gushen, Biopress actively operating in the industry.

These companies are utilizing various strategies to grow their presence in the plant-based proteins market. For instance, Glanbia recently expanded its product portfolio by acquiring Watson Inc., a leading supplier of innovative custom nutrient premix, bakery ingredient, and edible film products. DowDuPont has been focusing on research and development to introduce new plant-based protein ingredients.

Companies like Roquette Freres and Archer-Daniels Midland are investing in expanding their production capacity to meet the growing demand for plant-based proteins globally. Cargill has been actively collaborating with other companies and investing in plant-based protein startups to drive innovation in the industry.

Some of the key players in the plant-based proteins market have reported significant sales revenue in recent years. For example, Cargill reported sales revenue of $ billion in 2020, while Archer-Daniels Midland reported sales revenue of $64.36 billion in the same year. These companies are expected to further drive growth in the plant-based proteins market through product innovation, strategic partnerships, and expansions.

• Glanbia
• DowDuPont
• Roquette Freres
• Archer-Daniels Midland
• Cargill
• Burcon Nutrascience
• Cosucra Groupe Warcoing
• Agt Food & Ingredients
• Ingredion
• CHS
• The Scoular
• Fuji Oil
• Wilmar
• Ag Processing
• Batory Foods
• Devansoy
• Crown Soya Protein
• Shandong Yuwang Ecological Food Industry
• Gushen
• Biopress

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Plant-Based Proteins Market Analysis, by Type:

• Soy Protein
• Wheat Protein
• Pea Protein
• Others

Plant-based proteins come in various forms, including soy protein, wheat protein, pea protein, and others like rice, hemp, and chickpea protein. These proteins are rich in essential amino acids, vitamins, and minerals, making them an excellent alternative to animal-based proteins. The demand for plant-based proteins is increasing as consumers are seeking healthier and more sustainable food options. Additionally, concerns about animal welfare, environmental impact, and health benefits are driving the growth of the plant-based protein market. Companies are also innovating and introducing new plant-based protein products to meet the needs of the growing consumer base.

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Plant-Based Proteins Market Analysis, by Application:

• Supplements & Nutritional Powders
• Beverages
• Protein & Nutritional Bars
• Bakery & Snacks
• Breakfast Cereals
• Meat Products
• Dairy Products
• Infant Nutrition
• Animal Feed

Plant-based proteins are commonly used in various applications including supplements & nutritional powders, beverages, protein & nutritional bars, bakery & snacks, breakfast cereals, meat products, dairy products, infant nutrition, and animal feed. These proteins are derived from sources like soy, peas, rice, and hemp, providing essential amino acids and nutrients. The fastest growing application segment in terms of revenue is beverages, as plant-based protein drinks are gaining popularity among health-conscious consumers looking for convenient and nutritious options. These products offer a sustainable and ethical alternative to animal-based proteins while still delivering the desired nutritional benefits.

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Plant-Based Proteins Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The plant-based proteins market is experiencing significant growth in various regions. North America, particularly the United States and Canada, have seen a surge in demand for plant-based protein products. In Europe, countries like Germany, France, and the . are leading the way in market growth. Asia-Pacific is also a key region with strong growth in countries such as China, Japan, South Korea, and India. Latin America, specifically Mexico and Brazil, are seeing growing interest in plant-based proteins. In the Middle East & Africa, countries like Turkey, Saudi Arabia, and the UAE are also witnessing a rise in demand.

Among these regions, North America is expected to dominate the plant-based proteins market with a market share of around 35%, followed by Europe with a market share of 25%. The Asia-Pacific region is also expected to have a significant market share of around 20%, while Latin America and the Middle East & Africa are expected to have smaller market shares of 10% and 5% respectively. Overall, the global plant-based proteins market is projected to continue growing, with increasing consumer awareness driving demand in various regions.

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