Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global vegetable protein market reached a value of USD 11.64 billion in 2023. The market is further expected to grow at a CAGR of 6% in the forecast period of 2024-2032 to reach a value of USD 19.60 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on type, there has been a rise in demand for texturised vegetable proteins in the food and beverage sector. Texturised vegetable proteins are becoming an integral part of meat analogues, and meat substitutes as more and more people shift to vegetarianism. This is expected to significantly contribute to the growth of the overall vegetable protein industry in the forecast period. Meanwhile, hydrolysed vegetable proteins are now being utilised as flavour enhancers in various vegetarian/non-vegetarian food products over animal proteins or yeast proteins.
Region-wise, the Asia Pacific is expected to provide significant growth opportunities to the market over the forecast period. This can be accredited to the increasing health awareness in the region and the advancing food and beverages industry. The growing demand for food products that mimic animal-derived products is aiding the growth of the industry. Moreover, the region also has a strong agricultural production base, which is a significant factor in the manufacture of proteins derived from vegetables.
Vegetable proteins refer to the proteins that are present in or isolated from vegetables or vegetable products used as food. In general, plant-based proteins are known to provide digestive balance as they contain healthy amounts of fibre. Unlike dairy products, plant-based proteins are a lot easier for the body to digest, and, thus, they are gaining heavy traction across numerous forums.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on sources, the market is divided into:
By type, the industry can be segmented into:
The forms in which vegetable proteins are available include:
On the basis of end use, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The growing adoption of veganism and the rise in flexitarian population are driving the growth of the global market for vegetable protein. The market is further supported by the rising health awareness among consumers and the increasing demand for meat alternatives. Other factors like the escalating disposable incomes, increasing demand for protein-rich food products, and advancements in the food processing sector are further propelling the industry growth. Over the forecast period, the growing preference for cruelty-free products and the rising demand for environment-friendly alternatives to animal-derived proteins/ food products is expected to further boost the industry growth. The market is projected to be supported by the launch of new products and increased investments in R&D activities by the manufacturers.
The report gives a detailed analysis of the following key players in the global vegetable protein market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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 | 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:
|
Breakup by Source |
|
Breakup by Type |
|
Breakup by Form |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the global vegetable protein market attained a value of nearly USD 11.64 billion.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 19.60 billion by 2032.
The major market drivers include rising disposable incomes, growing vegan and flexitarian population, the increasing health awareness, the rising demand for dietary supplements, and advancements in the food processing sector.
The increasing launches of new products by manufacturers and the rising demand for cruelty-free, eco-friendly, and sustainable food products are the key trends guiding the market growth.
The major regions in the vegetable protein market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of vegetable protein in the market are soy, hemp, rice, pea, potato, oat, and chickpea, among others.
The major types of vegetable protein in the market are concentrates, textured, and isolates.
The significant forms of vegetable protein in the market are dry and liquid.
The various end uses of vegetable protein are food and feed.
The major players in the market are Archer Daniels Midland Company, DuPont de Nemours, Inc., Cargill, Incorporated, BENEO GmbH, Roquette Frères, and Coöperatie AVEBE U.A., among others.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124