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Global Plant Protein Market: By Source: Algae, Soy, Wheat, Pea, Potato, Oat, Chickpea, Rice, Others; By Application: Food and Beverage, Animal Feed, Supplements, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Plant Protein Market Outlook

The global plant protein market stood at a value of around USD 9.7 billion in 2020. The market is further expected to grow at a CAGR of 7.5% in the forecast period of 2022-2027 to attain USD 15 billion by 2026.

 

Global Plant Protein Market

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Growing Demand for Soy Protein Owing to the Rising Cases of Cancer and Heart-Related Diseases to Bolster the Growth of the Plant Protein Industry

Based on type, the soy protein segment accounts for a significant share in the market and is likely to witness a considerable growth in the forecast period as well. This can be attributed to the rising cases of breast cancer, heart-related diseases, and osteoporosis among the working-class population. Soy protein boosts energy and helps improve heart health.

Over the forecast period, the rising cases of obesity or weight gain, owing to the emergence of the work-from-home culture, is likely to aid the segment growth, as soy protein helps lose weight and balances the hormones in the body. Meanwhile, the demand for rice protein is anticipated to attain a considerable growth in the forecast period, owing to the presence of essential vitamins and minerals that help the blood transport oxygen and perform other vital functions.

 

The Asia Pacific Accounts for a Significant Share in the Market

The plant protein industry in the Asia Pacific is driven by the thriving food and beverage sector. The rising population and the increasing demand for plant-based food products are aiding the market growth. In addition, the increasing prevalence of heart-related diseases in the region is likely to augment the demand for plant protein. In the forecast period, the growing popularity of tofu, tempeh, peanuts, and edamame, among others is likely to aid the market.

 

Plant Protein: Market Segmentation

Plant protein is defined as a food source of protein that is obtained from plants. The plant proteins include pulses, tofu, soy, tempeh, seitan, nuts, seeds, and certain grains, among others, and are known to facilitate muscle growth and help reduce weight.

 

Global Plant Protein Market by Segment

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Based on source, the market is divided into:

  • Algae
  • Soy
  • Wheat
  • Pea
  • Potato
  • Oat
  • Chickpea
  • Rice
  • Others

The significant applications of the product include:

  • Food and Beverage
  • Animal Feed
  • Supplements
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Plant Protein Market by Region

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Rising Trend of Clean Eating to Boost the Growth of the Plant Protein Industry

The global plant protein industry is driven by the rising demand for plant protein in the food and beverage industry, owing to the growing inclination of people towards health and fitness. The sustained interest in eating more plant protein while reducing the intake of animal protein is aiding industry growth. According to the International Food Information Council (IFIC) Food & Health Survey 2020, around 6% of Americans reported following a plant-based diet compared to 5% in 2019. At the same time, plant-based eating ranked above vegetarian (4%) and vegan diets (1%). The plant protein facilitates muscle growth, helps reduce body weight, and lessens the risk of heart diseases. Over the forecast period, the growing awareness about the ecological impact of meat-sourcing practices and the increasing cases of animal-borne diseases, such as swine flu, bird flu, and others, are likely to augment the market growth. In addition, the market is expected to be aided by the various nutritional benefits offered by plant protein owing to the presence of vitamins and minerals, which are essential for maintaining a healthy body.

 

Key Industry Players in the Global Plant Protein Market

The report gives a detailed analysis of the following key players in the global plant protein market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Archer Daniels Midland Company
  • DuPont de Nemours Inc.
  • Kerry Group
  • Tate & Lyle Plc
  • Roquette Freres
  • Cargill Inc.
  • 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Application, Region
Breakup by Source Algae, Soy, Wheat, Pea, Potato, Oat, Chickpea, Rice, Others
Breakup by Application Food and Beverage, Animal Feed, Supplements, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Archer Daniels Midland Company, DuPont de Nemours Inc., Kerry Group, Tate & Lyle Plc, Roquette Freres, Cargill Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Plant Protein Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Plant Protein Historical Market (2017-2021) 
    8.3    Global Plant Protein Market Forecast (2022-2027)
    8.4    Global Plant Protein Market by Source
        8.4.1    Algae
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Soy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Wheat
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Pea
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Potato
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Oat
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Chickpea
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2017-2021)
            8.4.7.3    Forecast Trend (2022-2027)
        8.4.8    Rice
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2017-2021)
            8.4.8.3    Forecast Trend (2022-2027)
        8.4.9    Others
    8.5    Global Plant Protein Market by Application
        8.5.1    Food and Beverage
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Animal Feed
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Supplements
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Plant Protein Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Archer Daniels Midland Company
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    DuPont de Nemours Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Kerry Group
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Tate & Lyle Plc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Roquette Freres
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Cargill Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Plant Protein Market: Key Industry Highlights, 2016 and 2026
2.    Global Plant Protein Historical Market: Breakup by Source (USD Billion), 2017-2021
3.    Global Plant Protein Market Forecast: Breakup by Source (USD Billion), 2022-2027
4.    Global Plant Protein Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Plant Protein Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Plant Protein Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Plant Protein Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Plant Protein Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Plant Protein Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Plant Protein Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Plant Protein Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Plant Protein Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Plant Protein Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Plant Protein Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Plant Protein Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Plant Protein Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Plant Protein Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Plant Protein Market Structure

Key Questions Answered in the Report

In 2020, the global plant protein market attained a value of nearly USD 9.7 billion.

The market is estimated to grow at a CAGR of 7.5% between 2022 and 2027.

The major drivers of the market include the growing end uses of the product in the food and beverage industry, the increasing prevalence of heart-related diseases, the growing cases of obesity, and the rising risk of animal-borne diseases.

The rising inclination towards health and fitness, the growing risk of animal-borne diseases, and the emergence of the e-commerce industry for rapid door-step delivery of food items are expected guide the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Algae, soy, wheat, pea, potato, oat, chickpea, and rice, among others, are the major sources of plant protein.

Food and beverage, animal feed, and supplements, among others, are the different applications of the product.

The major players in the industry are Archer Daniels Midland Company, DuPont de Nemours Inc., Kerry Group, Tate & Lyle Plc, Roquette Freres, and Cargill Inc., among others.

Analyst Review

The global plant protein market attained a value of about USD 9.7 million in 2020, driven by the changing consumer preference towards clean-labelled and nutritional vegetarian products. Aided by the emergence of the e-commerce industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on source, the plant protein industry is divided into algae, soy, wheat, pea, potato, oat, chickpea, and rice, among others. On the basis of applications, the market is classified into food and beverage, animal feed, and supplements, among others. The major regional markets for plant protein are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company, DuPont de Nemours Inc., Kerry Group, Tate & Lyle Plc, Roquette Freres, and Cargill Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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