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Europe Plant Protein Market Share, Size, Analysis, Growth, Forecast: By Source: Algae, Soy, Wheat, Pea, Potato, Oat, Chickpea, Rice, Others; By Application: Food and Beverages, Animal Food, Supplements, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Europe Plant Protein Market Outlook
The Europe plant protein market size is expected to grow at a CAGR of 6.80% between 2024 and 2032, to reach a value of USD 5.63 billion by 2032. The market is being driven by the growing popularity of plant proteins in the region.
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Key Trends in the Market
Plant protein is defined as a type of protein which is obtained from a plant source such as soy, wheat, algae, rice, oats, or chickpeas, among others. The concentration of protein can vary depending upon the specific plant source. Plant protein can be fried, cooked, grilled, baked, or roasted and is widely consumed across households. Diets that rely upon plant proteins can help reduce risks for heart disease and stroke, while also helping extend the lifespan.
- The rapid transition from animal-based towards plant-based diets, owing to the increasing inclination towards veganism, is driving the Europe plant protein market growth. Plant proteins are essential in vegan diets to replace protein that would otherwise be sourced from animal-based products.
- The increasing demand for functional foods and clean-labelled food products rich in plant-based ingredients is a crucial market driving factor. Plant-based foods such as oats, and snack bars, among others, are further boosting the Europe plant protein market revenue.
- The burgeoning food and beverage sector across well-developed economies such as the United Kingdom, France, and Germany, etc., supported by the rising disposable income, increasing urban population, and increasing sale of plant-based ready-to-eat food products, is a key Europe plant protein market trend.
- The thriving e-commerce sector is expected to be a key trend in the market, which is fuelling the sale of premium packaged plant protein snacks such as puddings, smoothies, protein bars, and bakery and confectionary products, among others.
Market Analysis
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Based on source, the market is segmented into algae, soy, wheat, pea, potato, oat, chickpea, and rice, among others. On the basis of application, the market is classified into food and beverages, animal feed, and supplements, among others. By country, the market for plant protein in Europe is divided into the United Kingdom, Germany, France, Italy, Poland, the Netherlands, Russia, and Belgium, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe plant protein market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- DuPont de Nemours Inc.
- BENEO GmbH
- ADM Specialty Ingredients (Europe) B.V.
- Arla Foods Ingredients Group P/S
- Cargill Inc.
- Ingredion Germany GmbH
- Genencor International B.V.
- Kerry Group
- Roquette
- Others
Market Share by Source
The potato segment, based on source, accounts for a healthy share of the Europe plant protein market. Potato protein is a rich source of amino acids which makes it a healthier option than popular animal-based proteins such as beef. Meanwhile, the increasing demand for potato-based protein to make popular food items across Europe, such as burger patties, French fries, and potato pancakes, among others, is further bolstering the segment’s growth. Moreover, potato leaves a low climate footprint as no greenhouse gases are released while planting or harvesting of potato crops. This is a key advantage fuelling the growth of this segment owing to the stringent regulations of governments in the region against carbon emissions.
Market Share by Application
Based on application, the food and beverage segment holds a significant share in the Europe plant protein market. This can be attributed to the increasing adoption of plant proteins in meals and snack foods. In vegan diets, adequate protein intake is essential as traditional animal-based proteins are avoided, further increasing the usage of plant proteins. Even non-vegans are preferring vegan protein snacks such as high-protein bars, bean protein balls, roasted chickpea snack mix, protein cookies, and protein-based smoothies and dips, among others due to their long shelf-life. Meanwhile, plant protein is also gaining traction in the European sports nutrition and sports food and beverage products. Sports nutrition containing pea protein, soy protein or algae protein are witnessing a heightened demand among the athletes which is catalysing the market.
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Competitive Landscape
DuPont de Nemours Inc. is a leading developer of water and electronic solutions, medical devices, construction components, fabrics, fibres, nonwovens, and packaging materials and solutions, among others. The company was established in the year 1802 with headquarters in Delaware in the United States and caters to the demands of various end use sectors such as automotive, packaging and printing, safety and protection, and water management, among others.
BENEO GmbH is a leading food and beverage company which produces human nutrition, animal nutrition, pharmaceutical excipients, and intense sweeteners, among others. Its product portfolio includes baby food, bakery, cereals, pet food, aqua feed, and pharmaceutical syrups. The company was established in the year 2007 and is headquartered in Manheim, Germany.
ADM Specialty Ingredients (Europe) B.V. is a renowned food producing company which develops and markets human nutrition, animal nutrition, and industrial biosolutions, among others. The product portfolio of this company includes edible oil, flour and grain, sweeteners, and speciality health solutions, among others. It was founded in 1931 and is headquartered in Rolle, Switzerland.
Other market players include Arla Foods Ingredients Group P/S, Cargill Inc., Ingredion Germany GmbH, Genencor International B.V., Kerry Group, and Roquette, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe Plant Protein Market Analysis
8.1 Key Industry Highlights
8.2 Europe Plant Protein Historical Market (2018-2023)
8.3 Europe Plant Protein Market Forecast (2024-2032)
9 Europe Plant Protein Market by Source
9.1 Algae
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Soy
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Wheat
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Pea
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Potato
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Oat
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Chickpea
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Rice
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Others
10 Europe Plant Protein Market by Application
10.1 Food and Beverages
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Animal Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Supplements
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Europe Plant Protein Market by Country
11.1 United Kingdom
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Germany
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 France
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Italy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Poland
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Netherlands
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Russia
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Belgium
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
11.9 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 DuPont de Nemours Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BENEO GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ADM Specialty Ingredients (Europe) B.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Arla Foods Ingredients Group P/S
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cargill Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ingredion Germany GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Genencor International B.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Kerry Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Roquette
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe Plant Protein Market: Key Industry Highlights, 2018 and 2032
2. Europe Plant Protein Historical Market: Breakup by Source (USD Million), 2018-2023
3. Europe Plant Protein Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Europe Plant Protein Historical Market: Breakup by Application (USD Million), 2018-2023
5. Europe Plant Protein Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Europe Plant Protein Historical Market: Breakup by Country (USD Million), 2018-2023
7. Europe Plant Protein Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Plant Protein Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 5.63 billion by 2032.
The rapid transition from animal-based towards plant-based diets, increasing inclination towards veganism, rising demand for plant protein-based functional foods, and burgeoning food and beverage sector are the major drivers of the market.
The key trends in the market include the thriving e-commerce sector and growing sale of premium packaged plant protein products such as bars, smoothies, and bakery and confectionary items.
Algae, soy, wheat, pea, potato, oat, chickpea, and rice, among others, are the various sources of plant protein in the market.
Food and beverages, animal feed, and supplements, among others, are the different applications of plant protein in the market.
Plant protein contain essential amino acids which are good for health and are overall a rich source of nutrition.
The benefits of plant proteins include lower risk of cardiovascular disease, reduced risk of cancer, higher intake of fibre, and better body weight management, among others.
The significant countries in the plant protein market in Europe are the United Kingdom, Germany, France, Italy, Poland, the Netherlands, Russia, and Belgium, among others.
DuPont de Nemours Inc., BENEO GmbH, ADM Specialty Ingredients (Europe) B.V., Arla Foods Ingredients Group P/S, Cargill Inc., Ingredion Germany GmbH, Genencor International B.V., Kerry Group, and Roquette, among others, are the key players in the Europe plant protein market, according to the report.
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