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Plant-Based Protein: Global Markets

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    Report

  • 36 Pages
  • June 2022
  • Region: Global
  • BCC Research
  • ID: 4895938
Description Jump to:

Report Scope



The report will provide an updated review of the global plant-based protein market, focusing on its source, type and application. Definitive and detailed estimates and forecasts of the global plant-based protein market are provided, followed by a detailed analysis of regions, countries and manufacturers.

The global plant-based protein market is segmented by source into soy, wheat, pea, rice, canola, potato and others. The market is segmented by type into including isolates, concentrates and others. Based on application, the market is segmented into food and beverages, infant formulation, personal care and cosmetics, animal feed, and nutrition and supplements.

The report will include a COVID-19 impact analysis on the plant-based protein market at the global level. The impact analysis will cover the impact of the pandemic on demand, supply and prices.

The market size and estimations are provided in terms of value (U.S. $millions) and volume (kilo tons), considering 2021 as a base year, and a market forecast will be provided from 2022 to 2027. Regional level market size with respect to source, type and application are provided. The impact of COVID-19 impact was factored into the marketing estimation.

The report also includes a discussion of the major players across each regional plant-based protein market. Further, it explains the major drivers and regional dynamics of the global plant-based protein market and current trends within the industry. The report concludes with a particular focus on the vendor landscape and includes detailed profiles of the major vendors in the market.

Report Includes

  • 205 data tables and 57 additional tables
  • An up-to-date overview of the global market for plant-based proteins within the industry
  • Analyses of the global market trends, with data from 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Evaluation and forecast the global plant-based protein market size in value and volumetric terms, and corresponding market share analysis based on protein source, type, application, and region
  • Latest information on market opportunities and drivers, key shifts and regulations, industry specific challenges, and other macroeconomic factors that will shape this market demand in the coming years (2022-2027)
  • Country specific data and analysis for the plant-based protein featuring the U.S., Canada, Brazil, China, India, Germany, UK, France, Italy, Spain, Japan, Australia, South Africa, Saudi Arabia, Mexico and Argentina
  • Discussion of the industry supply chain analysis providing a systematic study of key intermediaries involved, with emphasis on region specific market regulations for plant-based proteins
  • Discussion on COVID-19 impact on demand and supply of plant-based proteins, pricing analysis at both global and regional level, and various strategic decisions taken by government to boost the marketplace
  • Patent review and analysis of patent grants on plant-based proteins
  • Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances within the marketplace
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading plant-based protein manufacturers, including ADM, Cargill Inc., IFF International Flavors & Fragrances Inc., Kerry Group, Glanbia Plc and Wilmar International Ltd.

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing this Study
  • What's New in this Report?
  • Scope of Report
  • Intended Audience
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
  • Introduction
  • Supply Chain Analysis
  • Raw Material Procurement
  • Manufacturing
  • Marketing and Distribution
  • End-users
  • Regulatory Guidelines
  • Porter's Five Forces Analysis
  • Bargaining Power of Suppliers: Low
  • Bargaining Power of Buyers: Moderate
  • Threat of Substitutes: High
  • Threat of New Entrants: Moderate
  • The Intensity of Competitive Rivalry: High
  • Impact of Covid-19 on the Plant-Based Protein Market
  • Impact of Covid-19 on Demand
  • Impact of Covid-19 on Supply
  • Technology Overview
Chapter 4 Market Dynamics
  • Introduction
  • Market Growth Drivers
  • Growing Market for Alternative Proteins
  • Rising Protein Consumption
  • Increasing Demand for Sports Nutrition
  • Growing Dietary Supplements Market
  • Market Restraints
  • Challenge of Flavor Masking in Plant-Based Proteins
  • Higher Market Penetration of Animal Protein
  • Low Acceptance of Plant-Based Proteins Other Than Soy
  • Supply Chain Disruption Due to Russia-Ukraine War
  • Market Opportunities
  • Growing Trend of Veganism
  • New Plant-Based Product Launches
  • Increasing Use in Novel Applications
  • Increase in Demand for Vegan Cosmetics and Personal Care Products
Chapter 5 Pricing Analysis
  • Average Prices Globally
Chapter 6 Market Breakdown by Source
  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Canola Protein
  • Rice Protein
  • Potato Protein
  • Others
Chapter 7 Market Breakdown by Type
  • Isolates
  • Concentrates
  • Others
Chapter 8 Market Breakdown by Application
  • Food and Beverages
  • Infant Formulas
  • Personal Care and Cosmetics
  • Animal Feed
  • Nutrition and Supplements
Chapter 9 Market Breakdown by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • Rest of the Middle East and Africa
Chapter 10 Patent Review
Chapter 11 Competitive Landscape
  • Market Share Analysis
  • Strategic Initiatives
  • New Product Launches
  • Expansions and Investments
  • Acquisitions
  • Partnerships and Joint Ventures
  • Patents, Licenses, Innovations and Awards
Chapter 12 Company Profiles
  • Adm
  • Amco Proteins
  • Axiom Foods Inc.
  • Burcon Nutrascience Corp.
  • Beneo GmbH
  • Bunge Ltd.
  • Cargill
  • Chs Inc.
  • Cosucra Groupe Warcoing Sa
  • Crespel & Deiters GmbH & Co. Kg
  • Dsm
  • Farbest Brands
  • Glanbia plc
  • Glico Nutrition Co. Ltd.
  • Iff International Flavors & Fragrances Inc.
  • Ingredion Inc.
  • Kerry Group
  • Puris Foods
  • Roquette Freres Le Romarin
  • Tate & Lyle plc
  • The Emsland Group
  • Scoular Company (The)
  • Wilmar International Ltd.
Chapter 13 Appendix: Acronyms
List of Figures
Figure A: Research Methodology for Global Market for Plant-Based Proteins
Summary Figure: Global Market for Plant-Based Proteins, by Region, 2021-2027
Figure 1: Plant-Based Protein Market: Supply Chain Analysis
Figure 2: Impact of COVID-19 on the Plant-Based Protein Market
Figure 3: Alternative Protein Industry Investments, 2019 and 2020
Figure 4: Industry Investment in Alternative Proteins, by Region, 2021
Figure 5: Protein Concentrate Production process
Figure 6: Protein Isolate Production Process
Figure 7: Market Dynamics of Protein Isolate Production Process
Figure 8: Global Meat Alternatives Launched, by Protein Ingredients, 2019 and 2020
Figure 9: Protein (All Proteins) Demand in Asia-Pacific Countries, by Consumption, 2019
Figure 10: Chinese Market for Sports Nutrition, 2018-2020
Figure 11: Global Retail Market Value Growth of Sports Nutrition, 2019-2023
Figure 12: Health Benefits of Dietary Supplements
Figure 13: European Market for Dietary Supplements, 2019-2027
Figure 14: Global Plant Protein Market Value Share, by Source, 2021
Figure 15: FAO Food Price Index, 2019-2022
Figure 16: People Signing up for the "Veganuary" Campaign, 2018-2021
Figure 17: Total U.S. Retail Plant-Based Food Market, 2018-2020
Figure 18: Global Plant-Based Product Launches (Launches with Vegan/No Animal Ingredients/Plant-Based claims), by Region, 2020
Figure 19: Global Estimated Growth of the Market for Vegan Cosmetics, by Region, 2020-2025
Figure 20: Global Plant Protein Market Value Share, by Source, 2021
Figure 21: Global Plant Protein Market Volume Share, by Source, 2021
Figure 22: Global Soy Protein Market Value Share, by Region, 2021
Figure 23: Global Soy Protein Market Volume Share, by Region, 2021
Figure 24: Global Wheat Protein Market Value Share, by Region, 2021
Figure 25: Global Wheat Protein Market Volume Share, by Region, 2021
Figure 26: Global Pea Protein Market Value Share, by Region, 2021
Figure 27: Global Pea Protein Market Volume Share, by Region, 2021
Figure 28: Global Canola Protein Market Value Share, by Region, 2021
Figure 29: Global Canola Protein Market Volume Share, by Region, 2021
Figure 30: Global Rice Protein Market Value Share, by Region, 2021
Figure 31: Global Rice Protein Market Volume Share, by Region, 2021
Figure 32: Global Potato Protein Market Value Share, by Region, 2021
Figure 33: Global Potato Protein Market Volume Share, by Region, 2021
Figure 34: Global Market Value Shares of Other Types of Protein, by Region, 2021
Figure 35: Global Market Volume Shares of Other Types of Protein, by Region, 2021
Figure 36: Global Plant Protein Market Value Share, by Type, 2021
Figure 37: Global Plant Protein Market Volume Share, by Type, 2021
Figure 38: Global Protein Isolate Value Share, by Region, 2021
Figure 39: Global Protein Isolate Market Volume share, by Region, 2021
Figure 40: Global Plant Protein Concentrate Value Share, by Region, 2021
Figure 41: Global Plant Protein Concentrate Market Volume Share, by Region, 2021
Figure 42: Global Market Value Shares of Other Types of Plant Protein Concentrate, by Region, 2021
Figure 43: Global Market Volume Shares of Other Types of Plant Protein Concentrate, by Region, 2021
Figure 44: Global Plant Protein Market Value Share, by Application, 2021
Figure 45: Global Plant Protein Market Volume Share, by Application, 2021
Figure 46: Global Value Shares of Plant Protein in Food and Beverage Applications, by Region 2021
Figure 47: Global Volume Shares of Plant Protein in Food and Beverage Applications, by Region 2021
Figure 48: Global Market Value Shares of Plant Protein in Infant Formula Applications, by Region 2021
Figure 49: Global Volume Shares of Plant Protein in Infant Formula Applications, by Region 2021
Figure 50: Global Market Volume Shares of Plant Protein in Personal Care and Cosmetics Applications, by Region 2021
Figure 51: Global Market Volume Shares of Plant Protein in Personal Care and Cosmetics Applications, by Region 2021
Figure 52: Global Market Value Shares of Plant Protein in Animal Feed Applications, by Region 2021
Figure 53: Global Market Volume Shares of Plant Protein Market in Animal Feed Applications, by Region 2021
Figure 54: Global Market Value Shares of Plant Protein in Nutrition and Supplement Applications, by Region 2021
Figure 55: Global Market Volume Shares of Plant Protein in Nutrition and Supplement Applications, by Region 2021
Figure 56: Global Plant Protein Market Value Share, by Region, 2021
Figure 57: Global Plant Protein Market Volume Share, by Region, 2021
Figure 58: North American Plant Protein Market Value Share, by Country, 2021
Figure 59: North American Plant Protein Market Volume Share, by Country, 2021
Figure 60: North American Plant Protein Market Value Share, by Source, 2021
Figure 61: North American Plant Protein Market Volume Share, by Source, 2021
Figure 62: North American Plant Protein Market Value Share, by Type, 2021
Figure 63: North American Plant Protein Market Volume Share, by Type, 2021
Figure 64: North American Plant Protein Market Value Share, by Application, 2021
Figure 65: North American Plant Protein Market Volume Share, by Application, 2021
Figure 66: U.S. Plant-Based Food Sales and Growth, by Category
Figure 67: U.S. Plant Protein Market Value Share, by Source, 2021
Figure 68: U.S. Plant Protein Market Volume Share, by Source, 2021
Figure 69: U.S. Plant Protein Market Value Share, by Type, 2021
Figure 70: U.S. Plant Protein Market Volume Share, by Type, 2021
Figure 71: U.S. Plant Protein Market Value Share, by Application, 2021
Figure 72: U.S. Plant Protein Market Volume Share, by Application, 2021
Figure 73: Canadian Plant Protein Market Value Share, by Source, 2021
Figure 74: Canadian Plant Protein Market Volume Share, by Source, 2021
Figure 75: Canadian Plant Protein Market Value Share, by Type, 2021
Figure 76: Canadian Plant Protein Market Volume Share, by Type, 2021
Figure 77: Canadian Plant Protein Market Value Share, by Type, 2021
Figure 78: Canadian Plant Protein Market Volume Share, by Type, 2021
Figure 79: European Plant Protein Market Value Share, by Country, 2021
Figure 80: European Plant Protein Market Volume Share, by Country, 2021
Figure 81: European Plant Protein Market Value Share, by Source, 2021
Figure 82: European Plant Protein Market Volume Share, by Source, 2021
Figure 83: European Plant Protein Market Value Share, by Type, 2021
Figure 84: European Plant Protein Market Volume Share, by Type, 2021
Figure 85: European Plant Protein Market Value Share, by Application, 2021
Figure 86: European Plant Protein Market Volume Share, by Application, 2021
Figure 87: German Plant Protein Market Value Share, by Source, 2021
Figure 88: German Plant Protein Market Volume Share, by Source, 2021
Figure 89: German Plant-Based Food Sector Sales, 2018-2020
Figure 90: German Plant Protein Market Value Share, by Type, 2021
Figure 91: German Plant Protein Market Volume Share, by Type, 2021
Figure 92: German Plant Protein Market Value Share, by Application, 2021
Figure 93: German Plant Protein Market Volume Share, by Application, 2021
Figure 94: U.K. Plant Protein Market Value Share, by Source, 2021
Figure 95: U.K. Plant Protein Market Volume Share, by Source, 2021
Figure 96: U.K. Plant Protein Market Value Share, by Type, 2021
Figure 97: U.K. Plant Protein Market Volume Share, by Type, 2021
Figure 98: U.K. Plant Protein Market Value Share, by Application, 2021
Figure 99: U.K. Plant Protein Market Volume Share, by Application, 2021
Figure 100: French Plant Protein Market Value Share, by Source, 2021
Figure 101: French Plant Protein Market Volume Share, by Source, 2021
Figure 102: French Plant Protein Market Value Share, by Type, 2021
Figure 103: French Plant Protein Market Volume Share, by Type, 2021
Figure 104: French Plant Protein Market Value Share, by Application, 2021
Figure 105: French Plant Protein Market Volume Share, by Application, 2021
Figure 106: Spanish Plant Protein Market Value Share, by Source, 2021
Figure 107: Spanish Plant Protein Market Volume Share, by Source, 2021
Figure 108: Spanish Plant Protein Market Value Share, by Type, 2021
Figure 109: Spanish Plant Protein Market Volume Share, by Type, 2021
Figure 110: Spanish Plant Protein Market Value Share, by Application, 2021
Figure 111: Spanish Plant Protein Market Volume Share, by Application, 2021
Figure 112: Italian Plant Protein Market Value Share, by Source, 2021
Figure 113: Italian Plant Protein Market Volume Share, by Source, 2021
Figure 114: Italian Plant Protein Market Value Share, by Type, 2021
Figure 115: Italian Plant Protein Market Volume Share, by Type, 2021
Figure 116: Italian Plant Protein Market Value Share, by Application, 2021
Figure 117: Italian Plant Protein Market Volume Share, by Application, 2021
Figure 118: Rest of the European Plant Protein Market Value Share, by Source, 2021
Figure 119: Rest of the European Plant Protein Market Volume Share, by Source, 2021
Figure 120: Rest of the European Plant Protein Market Value Share, by Type, 2021
Figure 121: Rest of the European Plant Protein Market Volume Share, by Type, 2021
Figure 122: Rest of the European Plant Protein Market Value Share, by Application, 2021
Figure 123: Rest of the European Plant Protein Market Volume Share, by Application, 2021
Figure 124: Asia-Pacific Plant Protein Market Value Share, by Country, 2021
Figure 125: Asia-Pacific Plant Protein Market Volume Share, by Country, 2021
Figure 126: Asia-Pacific Plant Protein Market Value Share, by Source, 2021
Figure 127: Asia-Pacific Plant Protein Market Volume Share, by Source, 2021
Figure 128: Asia-Pacific Plant Protein Market Value Share, by Type, 2021
Figure 129: Asia-Pacific Plant Protein Market Volume Share, by Type, 2021
Figure 130: Asia-Pacific Plant Protein Market Value Share, by Application 2021
Figure 131: Asia-Pacific Plant Protein Market Volume Share, by Application 2021
Figure 132: Chinese Plant Protein Market Value Share, by Source, 2021
Figure 133: Chinese Plant Protein Market Volume Share, by Source, 2021
Figure 134: Chinese Plant Protein Market Value Share, by Type, 2021
Figure 135: Chinese Plant Protein Market Volume Share, by Type, 2021
Figure 136: Chinese Plant Protein Market Value Share, by Application, 2021
Figure 137: Chinese Plant Protein Market Volume Share, by Application, 2021
Figure 138: Japanese Plant Protein Market Volume Share, by Source, 2021
Figure 139: Japanese Plant Protein Market Volume Share, by Source, 2021
Figure 140: Japanese Plant Protein Market Value Share, by Type, 2021
Figure 141: Japanese Plant Protein Market Volume Share, by Type, 2021
Figure 142: Japanese Plant Protein Market Value Share, by Application, 2021
Figure 143: Japanese Plant Protein Market Volume Share, by Application, 2021
Figure 144: Indian Plant Protein Market Value Share, by Source, 2021
Figure 145: Indian Plant Protein Market Volume Share, by Source, 2021
Figure 146: Indian Plant Protein Market Value Share, by Type, 2021
Figure 147: Indian Plant Protein Market Volume Share, by Type, 2021
Figure 148: Indian Plant Protein Market Value Share, by Application, 2021
Figure 149: Indian Plant Protein Market Volume Share, by Application, 2021
Figure 150: Australian Plant Protein Market Value Share, by Source, 2021
Figure 151: Australian Plant Protein Market Volume Share, by Source, 2021
Figure 152: Australian Plant Protein Market Value Share, by Type, 2021
Figure 153: Australian Plant Protein Market Volume Share, by Type, 2021
Figure 154: Australian Plant Protein Market Value Share, by Application, 2021
Figure 155: Australian Plant Protein Market Volume Share, by Application, 2021
Figure 156: Rest of Asia-Pacific Plant Protein Market Value Share, by Source, 2021
Figure 157: Rest of Asia-Pacific Plant Protein Market Volume Share, by Source, 2021
Figure 158: Rest of Asia-Pacific Plant Protein Market Value Share, by Type, 2021
Figure 159: Rest of Asia-Pacific Plant Protein Market Volume Share, by Type, 2021
Figure 160: Rest of Asia-Pacific Plant Protein Market Value Share, by Application, 2021
Figure 161: Rest of Asia-Pacific Plant Protein Market Volume Share, by Application, 2021
Figure 162: Latin American Plant Protein Market Value Share, by Country, 2021
Figure 163: Latin America Plant Protein Market Volume Share, by Country, 2021
Figure 164: Latin American Plant Protein Market Value Share, by Source, 2021
Figure 165: Latin American Plant Protein Market Volume Share, by Source, 2021
Figure 166: Latin American Plant Protein Market Value Share, by Type, 2021
Figure 167: Latin American Plant Protein Market Volume Share, by Type, 2021
Figure 168: Latin American Plant Protein Market Value Share, by Application, 2021
Figure 169: Latin American Plant Protein Market Volume Share, by Application, 2021
Figure 170: Brazilian Plant Protein Market Value Share, by Source, 2021
Figure 171: Brazilian Plant Protein Market Volume Share, by Source, 2021
Figure 172: Brazilian Plant Protein Market Value Share, by Type, 2021
Figure 173: Brazilian Plant Protein Market Volume Share, by Type, 2021
Figure 174: Brazilian Plant Protein Market Value Share, by Application, 2021
Figure 175: Brazilian Plant Protein Market Volume Share, by Application, 2021
Figure 176: Mexican Plant Protein Market Value Share, by Source, 2021
Figure 177: Mexican Plant Protein Market Volume Share, by Source, 2021
Figure 178: Mexican Plant Protein Market Value Share, by Type, 2021
Figure 179: Mexican Plant Protein Market Volume Share, by Type, 2021
Figure 180: Mexican Plant Protein Market Value Share, by Application, 2021
Figure 181: Mexican Plant Protein Market Volume Share, by Application, 2021
Figure 182: Argentinian Plant Protein Market Value Share, by Source, 2021
Figure 183: Argentinian Plant Protein Market Volume Share, by Source, 2021
Figure 184: Argentinian Plant Protein Market Value Share, by Type, 2021
Figure 185: Argentinian Plant Protein Market Volume Share, by Type, 2021
Figure 186: Argentinian Plant Protein Market Value Share, by Application, 2021
Figure 187: Argentinian Plant Protein Market Volume Share, by Application, 2021
Figure 188: Rest of Latin American Plant Protein Market Value Share, by Source, 2021
Figure 189: Rest of Latin American Plant Protein Market Volume Share, by Source, 2021
Figure 190: Rest of Latin American Plant Protein Market Value Share, by Type, 2021
Figure 191: Rest of Latin American Plant Protein Market Volume Share, by Type, 2021
Figure 192: Rest of Latin American Plant Protein Market Value Share, by Type, 2021
Figure 193: Rest of Latin American Plant Protein Market Volume Share, by Type, 2021
Figure 194: Middle East and African Plant Protein Market Value Share, by Country, 2021
Figure 195: Middle East and African Plant Protein Market Volume Share, by Country, 2021
Figure 196: Middle East and African Plant Protein Market Value Share, by Source, 2021
Figure 197: Middle East and African Plant Protein Market Volume Share, by Source, 2021
Figure 198: Middle East and African Plant Protein Market Value Share, by Type, 2021
Figure 199: Middle East and African Plant Protein Market Volume Share, by Type, 2021
Figure 200: Middle East and African Plant Protein Market Value Share, by Application, 2021
Figure 201: Middle East and African Plant Protein Market Volume Share, by Application, 2021
Figure 202: South African Plant Protein Market Value Share, by Source, 2021
Figure 203: South African Plant Protein Market Volume Share, by Source, 2021
Figure 204: South African Plant Protein Market Value Share, by Type, 2021
Figure 205: South African Plant Protein Market Volume Share, by Type, 2021
Figure 206: South African Plant Protein Market Value Share, by Application, 2021
Figure 207: South African Plant Protein Market Volume Share, by Application, 2021
Figure 208: Saudi Arabian Plant Protein Market Value Share, by Source, 2021
Figure 209: Saudi Arabian Plant Protein Market Volume Share, by Source, 2021
Figure 210: Saudi Arabian Plant Protein Market Value Share, by Type, 2021
Figure 211: Saudi Arabian Plant Protein Market Volume Share, by Type, 2021
Figure 212: Saudi Arabian Plant Protein Market Value Share, by Application, 2021
Figure 213: Saudi Arabian Plant Protein Market Volume Share, by Application, 2021
Figure 214: Rest of Middle East and African Plant Protein Market Value Share, by Source, 2021
Figure 215: Rest of Middle East and African Plant Protein Market Volume Share, by Source, 2021
Figure 216: Rest of Middle East and African Plant Protein Market Value Share, by Type, 2021
Figure 217: Rest of Middle East and African Plant Protein Market Volume Share, by Type, 2021
Figure 218: Rest of Middle East and African Plant Protein Market Value Share, by Application, 2021
Figure 219: Rest of Middle East and African Plant Protein Market Volume Share, by Application, 2021
Figure 220: Global Market Share Analysis of Plant-Based Proteins, by Company, 2021
Figure 221: Major Marketing Strategies in the Market for Plant-Based Protein, 2018-2022
Figure 222: ADM: Annual Revenue, 2019-2021
Figure 223: ADM: Revenue Share, by Business Segment, 2021
Figure 224: ADM: Revenue Share, by Geography, 2021
Figure 225: Burcon NutraScience Corp: Annual Revenue, 2019-2021
Figure 226: BENEO (Sudzucker AG, Parent Company): Annual Revenue, 2019-2021
Figure 227: BENEO (Sudzucker AG, Parent Company): Revenue Share, by Business Segment, 2021
Figure 228: Bunge Ltd.: Annual Revenue, 2019-2021
Figure 229: Bunge Ltd.: Revenue Share, by Business Segment, 2021
Figure 230: Bunge Ltd.: Revenue Share, by Geography, 2021
Figure 231: Cargill: Annual Revenue, 2019-2021
Figure 232: Cargill: Revenue Share, by Geography, 2021
Figure 233: CHS Inc.: Annual Revenue, 2020-2021
Figure 234: CHS Inc.: Revenue Share, by Business Segment, 2021
Figure 235: DSM: Annual Revenue, 2020-2021
Figure 236: DSM: Revenue Share, by Business Segment, 2021
Figure 237: DSM: Revenue Share, by Geography, 2021
Figure 238: Glanbia plc: Annual Revenue, 2020-2021
Figure 239: Glanbia plc: Revenue Share, by Business Segment, 2021
Figure 240: Glanbia plc: Revenue Share, by Geography, 2021
Figure 241: Glico Nutrition Co., Ltd.: Annual Revenue, 2019-2020
Figure 242: Glico Nutrition Co., Ltd.: Revenue Share, by Business Segment, 2020
Figure 243: Glico Nutrition Co., Ltd.: Revenue Share, by Geography, 2020
Figure 244: IFF International Flavors & Fragrances Inc.: Annual Revenue, 2019-2021
Figure 245: IFF International Flavors & Fragrances Inc.: Revenue Share, by Business Segment, 2021
Figure 246: IFF International Flavors & Fragrances Inc.: Revenue Share, by Geography 2021
Figure 247: Ingredion Inc.: Annual Revenue, 2019-2021
Figure 248: Ingredion Inc.: Revenue Share, by Business Segment, 2021
Figure 249: Ingredion Inc.: Revenue Share, by Geography 2021
Figure 250: Kerry Group: Annual Revenue, 2019-2021
Figure 251: Kerry Group: Revenue Share, by Business Segment, 2021
Figure 252: Kerry Group: Revenue Share, by Geography 2021
Figure 253: Roquette Freres Le Romarin: Annual Revenue, 2020-2021
Figure 254: Tate & Lyle plc: Annual Revenue, 2019-2021
Figure 255: Tate & Lyle plc: Revenue Share, by Business Segment, 2021
Figure 256: The Emsland Group: Revenue Share, by Geography, 2021
Figure 257: Wilmar International Ltd.: Annual Revenue, 2019-2021
Figure 258: Wilmar International Ltd.: Revenue Share by Business Segment, 2021
Figure 259: Wilmar International Ltd.: Revenue Share by Geography, 2021
List of Tables
Summary Table: Global Market for Plant-Based Proteins, by Region, Through 2027
Table 1: Key Regulations for Global Plant-Based Proteins Market, by Region/Country
Table 2: Wholesale and Retail USDA Prices, 2019-2021
Table 3: Global Prices of Plant-Based Protein, by Region, 2021-2027
Table 4: North American Prices of Plant-Based Protein, by Source, 2021-2027
Table 5: European Prices of Plant-Based Protein, by Source, 2021-2027
Table 6: Asia-Pacific Prices of Plant-Based Protein, by Source, 2021-2027
Table 7: Latin American Prices of Plant-Based Protein, by Source, 2021-2027
Table 8: Middle Eastern and African Prices of Plant-Based Protein, by Source, 2021-2027
Table 9: Plant-Based Protein Profiles
Table 10: Global Plant Protein Market Value, by Source, Through 2027
Table 11: Global Plant Protein Market Volume, by Source, Through 2027
Table 12: Global Soy Protein Market Value, by Region, Through 2027
Table 13: Global Soy Protein Market Volume, by Region, Through 2027
Table 14: Global Wheat Protein Market Value, by Region, Through 2027
Table 15: Global Wheat Protein Market Volume, by Region, Through 2027
Table 16: Global Pea Protein Market Value, by Region, Through 2027
Table 17: Global Pea Protein Market Volume, by Region, Through 2027
Table 18: Global Canola Protein Market Value, by Region, Through 2027
Table 19: Global Canola Protein Market Volume, by Region, Through 2027
Table 20: Global Rice Protein Market Value, by Region, Through 2027
Table 21: Global Rice Protein Market Volume, by Region, Through 2027
Table 22: Global Potato Protein Market Value, by Region, Through 2027
Table 23: Global Potato Protein Market Volume, by Region, Through 2027
Table 24: Other Protein Sources Used Commercially
Table 25: Global Market Value of Other Types of Protein, by Region, Through 2027
Table 26: Global Market Volumes of Other Types of Protein, by Region, Through 2027
Table 27: Global Plant Protein Market Value, by Type, Through 2027
Table 28: Global Plant Protein Market Volume, by Type, Through 2027
Table 29: Global Protein Isolate Market Value, by Region, Through 2027
Table 30: Global Protein Isolate Market Volume, by Region, Through 2027
Table 31: Key Companies Offering Isolate Products
Table 32: Global Plant Protein Concentrate Market, by Region, Through 2027
Table 33: Key Companies Offering Concentrate Products
Table 34: Global Plant Protein Concentrate Market Volume, by Region, Through 2027
Table 35: Global Market Value of Other Types of Plant Protein Concentrate, by Region, Through 2027
Table 36: Manufacturers of Other Types of Protein Concentrate
Table 37: Global Market Volumes of Other Types of Plant Protein Concentrate, by Region, Through 2027
Table 38: Global Plant Protein Market Value, by Application, Through 2027
Table 39: Global Plant Protein Market Volume, by Application, Through 2027
Table 40: Global Market Value of Plant Protein in Food and Beverage Applications, by Region, Through 2027
Table 41: Global Market Volumes of Plant Protein in Food and Beverage Applications, by Region, Through 2027
Table 42: Global Market Value of Plant Protein in Infant Formula Applications, by Region, Through 2027
Table 43: Global Market Volumes of Plant Protein in Infant Formula Applications, by Region, Through 2027
Table 44: Global Market Value of Plant Protein in Personal Care and Cosmetics Applications, by Region, Through 2027
Table 45: Global Market Volumes of Plant Protein in Personal Care and Cosmetics Applications, by Region, Through 2027
Table 46: Global Market Value of Plant Protein in Animal Feed Applications, by Region, Through 2027
Table 47: Global Market Volumes of Plant Protein in Animal Feed Applications, by Region, Through 2027
Table 48: Global Market Value of Plant Protein in Nutrition and Supplement Applications, by Region, Through 2027
Table 49: Global Market Volumes of Plant Protein in Nutrition and Supplement Applications, by Region, Through 2027
Table 50: Global Plant Protein Market Value, by Region, Through 2027
Table 51: Global Plant Protein Market Volume, by Region, Through 2027
Table 52: North American Plant Protein Market Value, by Country, Through 2027
Table 53: North American Plant Protein Market Volume, by Country, Through 2027
Table 54: North American Plant Protein Market Value, by Source, Through 2027
Table 55: North American Plant Protein Market Volume, by Source, Through 2027
Table 56: North American Plant Protein Market Value, by Type, Through 2027
Table 57: North American Plant Protein Market Volume, by Type, Through 2027
Table 58: North American Plant Protein Market Value, by Application, Through 2027
Table 59: North American Plant Protein Market Volume, by Application, Through 2027
Table 60: U.S. Plant Protein Market Value, by Source, Through 2027
Table 61: U.S. Plant Protein Market Volume, by Source, Through 2027
Table 62: U.S. Plant Protein Market Value, by Type, Through 2027
Table 63: U.S. Plant Protein Market Volume, by Type, Through 2027
Table 64: U.S. Plant Protein Market Value, by Application, Through 2027
Table 65: U.S. Plant Protein Market Volume, by Application, Through 2027
Table 66: Canadian Plant Protein Market Value, by Source, Through 2027
Table 67: Canadian Plant Protein Market Volume, by Source, Through 2027
Table 68: Canadian Plant Protein Market Value, by Type, Through 2027
Table 69: Canadian Plant Protein Market Volume, by Type, Through 2027
Table 70: Canadian Plant Protein Market Value, by Application, Through 2027
Table 71: Canadian Plant Protein Market Volume, by Application, Through 2027
Table 72: European Plant Protein Market Value, by Country, Through 2027
Table 73: European Plant Protein Market Volume, by Country, Through 2027
Table 74: European Plant Protein Market Value, by Source, Through 2027
Table 75: European Plant Protein Market Volume, by Source, Through 2027
Table 76: European Plant Protein Market Value, by Type, Through 2027
Table 77: European Plant Protein Market Volume, by Type, Through 2027
Table 78: European Plant Protein Market Value, by Application, Through 2027
Table 79: European Plant Protein Market Volume, by Application, Through 2027
Table 80: German Plant Protein Market Value, by Source, Through 2027
Table 81: German Plant Protein Market Volume, by Source, Through 2027
Table 82: German Plant Protein Market Value, by Type, Through 2027
Table 83: German Plant Protein Market Volume, by Type, Through 2027
Table 84: German Plant Protein Market Value, by Application, Through 2027
Table 85: German Plant Protein Market Volume, by Application, Through 2027
Table 86: U.K. Plant Protein Market Value, by Source, Through 2027
Table 87: U.K. Plant Protein Market Volume, by Source, Through 2027
Table 88: U.K. Plant Protein Market Value, by Type, Through 2027
Table 89: U.K. Plant Protein Market Volume, by Type, Through 2027
Table 90: U.K. Plant Protein Market Value, by Application, Through 2027
Table 91: U.K. Plant Protein Market Volume, by Application, Through 2027
Table 92: French Plant Protein Market Value, by Source, Through 2027
Table 93: French Plant Protein Market Volume, by Source, Through 2027
Table 94: French Plant Protein Market Value, by Type, Through 2027
Table 95: French Plant Protein Market Volume, by Type, Through 2027
Table 96: French Plant Protein Market Value, by Application, Through 2027
Table 97: French Plant Protein Market Volume, by Application, Through 2027
Table 98: Spanish Plant Protein Market Value, by Source, Through 2027
Table 99: Spanish Plant Protein Market Volume, by Source, Through 2027
Table 100: Spanish Plant Protein Market Value, by Type, Through 2027
Table 101: Spanish Plant Protein Market Volume, by Type, Through 2027
Table 102: Spanish Plant Protein Market Value, by Application, Through 2027
Table 103: Spanish Plant Protein Market Volume, by Application, Through 2027
Table 104: Italian Plant Protein Market Value, by Source, Through 2027
Table 105: Italian Plant Protein Market Volume, by Source, Through 2027
Table 106: Italian Plant Protein Market Value, by Type, Through 2027
Table 107: Italian Plant Protein Market Volume, by Type, Through 2027
Table 108: Italian Plant Protein Market Value, by Application, Through 2027
Table 109: Italian Plant Protein Market Volume, by Application, Through 2027
Table 110: Rest of the European Plant Protein Market Value, by Source, Through 2027
Table 111: Rest of the European Plant Protein Market Volume, by Source, Through 2027
Table 112: Rest of the European Plant Protein Market Value, by Type, Through 2027
Table 113: Rest of the European Plant Protein Market Volume, by Type, Through 2027
Table 114: Rest of the European Plant Protein Market Value, by Application, Through 2027
Table 115: Rest of the European Plant Protein Market Volume, by Application, Through 2027
Table 116: Asia-Pacific Plant Protein Market Value, by Country, Through 2027
Table 117: Asia-Pacific Plant Protein Market Volume, by Country, Through 2027
Table 118: Asia-Pacific Plant Protein Market Value, by Source, Through 2027
Table 119: Asia-Pacific Plant Protein Market Volume, by Source Through 2027
Table 120: Asia-Pacific Plant Protein Market Value, by Type, Through 2027
Table 121: Asia-Pacific Plant Protein Market Volume, by Type, Through 2027
Table 122: Asia-Pacific Plant Protein Market Value, by Application, Through 2027
Table 123: Asia-Pacific Plant Protein Market Volume, by Application, Through 2027
Table 124: Chinese Plant Protein Market Value, by Source, Through 2027
Table 125: Chinese Plant Protein Market Volume, by Source, Through 2027
Table 126: Chinese Plant Protein Market Value, by Type, Through 2027
Table 127: Chinese Plant Protein Market Volume, by Type, Through 2027
Table 128: Chinese Plant Protein Market Value, by Application, Through 2027
Table 129: Chinese Plant Protein Market Volume, by Application, Through 2027
Table 130: Japanese Plant Protein Market Value, by Source, Through 2027
Table 131: Japanese Plant Protein Market Volume, by Source, Through 2027
Table 132: Japanese Plant Protein Market Value, by Type, Through 2027
Table 133: Japanese Plant Protein Market Volume, by Type, Through 2027
Table 134: Japanese Plant Protein Market Value, by Application, Through 2027
Table 135: Japanese Plant Protein Market Volume, by Application, Through 2027
Table 136: Indian Plant Protein Market Value, by Source, Through 2027
Table 137: Indian Plant Protein Market Volume, by Source, Through 2027
Table 138: Indian Plant Protein Market Value, by Type, Through 2027
Table 139: Indian Plant Protein Market Volume, by Type, Through 2027
Table 140: Indian Plant Protein Market Value, by Application, Through 2027
Table 141: Indian Plant Protein Market Volume, by Application, Through 2027
Table 142: Australian Plant Protein Market Value, by Source, Through 2027
Table 143: Australian Plant Protein Market Volume, by Source, Through 2027
Table 144: Australian Plant Protein Market Value, by Type, Through 2027
Table 145: Australian Plant Protein Market Volume, by Type, Through 2027
Table 146: Australian Plant Protein Market Value, by Application, Through 2027
Table 147: Australian Plant Protein Market Volume, by Application, Through 2027
Table 148: Rest of Asia-Pacific Plant Protein Market Value, by Source, Through 2027
Table 149: Rest of Asia-Pacific Plant Protein Market Volume, by Source, Through 2027
Table 150: Rest of Asia-Pacific Plant Protein Market Value, by Type, Through 2027
Table 151: Rest of Asia-Pacific Plant Protein Market Volume, by Type, Through 2027
Table 152: Rest of Asia-Pacific Plant Protein Market Value, by Application, Through 2027
Table 153: Rest of Asia-Pacific Plant Protein Market Volume, by Application, Through 2027
Table 154: Latin American Plant Protein Market Value, by Country, Through 2027
Table 155: Latin American Plant Protein Market Volume, by Country, Through 2027
Table 156: Latin American Plant Protein Market Value, by Source, Through 2027
Table 157: Latin American Plant Protein Market Volume, by Source, Through 2027
Table 158: Latin American Plant Protein Market Value, by Type, Through 2027
Table 159: Latin American Plant Protein Market Volume, by Type, Through 2027
Table 160: Latin American Plant Protein Market Value, by Application, Through 2027
Table 161: Latin American Plant Protein Market Volume, by Application, Through 2027
Table 162: Brazilian Plant Protein Market Value, by Source, Through 2027
Table 163: Brazilian Plant Protein Market Volume, by Source, Through 2027
Table 164: Brazilian Plant Protein Market Value, by Type, Through 2027
Table 165: Brazilian Plant Protein Market Volume, by Type, Through 2027
Table 166: Brazilian Plant Protein Market Value, by Application, Through 2027
Table 167: Brazilian Plant Protein Market Volume, by Application, Through 2027
Table 168: Mexican Plant Protein Market Value, by Source, Through 2027
Table 169: Mexican Plant Protein Market Volume, by Source, Through 2027
Table 170: Mexican Plant Protein Market Value, by Type, Through 2027
Table 171: Mexican Plant Protein Market Volume, by Type, Through 2027
Table 172: Mexican Plant Protein Market Value, by Application, Through 2027
Table 173: Mexican Plant Protein Market Volume, by Application, Through 2027
Table 174: Argentinian Plant Protein Market Value, by Source, Through 2027
Table 175: Argentinian Plant Protein Market Volume, by Source, Through 2027
Table 176: Argentinian Plant Protein Market Value, by Type, Through 2027
Table 177: Argentinian Plant Protein Market Volume, by Type, Through 2027
Table 178: Argentinian Plant Protein Market Value, by Application, Through 2027
Table 179: Argentinian Plant Protein Market Volume, by Application, Through 2027
Table 180: Rest of Latin American Plant Protein Market Value, by Source, Through 2027
Table 181: Rest of Latin American Plant Protein Market Volume, by Source, Through 2027
Table 182: Rest of Latin American Plant Protein Market Value, by Type, Through 2027
Table 183: Rest of Latin American Plant Protein Market Volume, by Type, Through 2027
Table 184: Rest of Latin American Plant Protein Market Value, by Application, Through 2027
Table 185: Rest of Latin American Plant Protein Market Volume, by Application, Through 2027
Table 186: Middle East and African Plant Protein Market Value, by Country, Through 2027
Table 187: Middle East and African Plant Protein Market Volume, by Country, Through 2027
Table 188: Middle East and African Plant Protein Market Value, by Source, Through 2027
Table 189: Middle East and African Plant Protein Market Volume, by Source, Through 2027
Table 190: Middle East and African Plant Protein Market Value, by Type, Through 2027
Table 191: Middle East and African Plant Protein Market Volume, by Type, Through 2027
Table 192: Middle East and African Plant Protein Market Value, by Application, Through 2027
Table 193: Middle East and African Plant Protein Market Volume, by Application, Through 2027
Table 194: South African Plant Protein Market Value, by Source, Through 2027
Table 195: South African Plant Protein Market Volume, by Source, Through 2027
Table 196: South African Plant Protein Market Value, by Type, Through 2027
Table 197: South African Plant Protein Market Volume, by Type, Through 2027
Table 198: South African Plant Protein Market Value, by Application, Through 2027
Table 199: South African Plant Protein Market Volume, by Application, Through 2027
Table 200: Saudi Arabian Plant Protein Market Value, by Source, Through 2027
Table 201: Saudi Arabian Plant Protein Market Volume, by Source, Through 2027
Table 202: Saudi Arabian Plant Protein Market Value, by Type, Through 2027
Table 203: Saudi Arabian Plant Protein Market Volume, by Type, Through 2027
Table 204: Saudi Arabian Plant Protein Market Value, by Application, Through 2027
Table 205: Saudi Arabian Plant Protein Market Volume, by Application, Through 2027
Table 206: Rest of Middle East and African Plant Protein Market Value, by Source, Through 2027
Table 207: Rest of Middle East and African Plant Protein Market Volume, by Source, Through 2027
Table 208: Rest of Middle East and African Plant Protein Market Value, by Type, Through 2027
Table 209: Rest of Middle East and African Plant Protein Market Volume, by Type, Through 2027
Table 210: Rest of the Middle East and African Plant Protein Market Value, by Application, Through 2027
Table 211: Rest of Middle East and African Plant Protein Market Volume, by Application, Through 2027
Table 212: Patent on Plant-Based Proteins, 2018-2022
Table 213: New Product Developments in the Global Market for Plant-Based Proteins, 2019-2022
Table 214: Expansions and Investments in the Global Market for Plant-Based Proteins, 2018-2021
Table 215: Key Acquisitions in the Global Market for Plant-Based Proteins, 2017-2022
Table 216: Partnership and Joint Ventures in the Global Market for Plant-Based Proteins, 2018-2021
Table 217: Patents, Licenses, Innovations, and Awards in the Global Market for Plant-Based Proteins, 2018-2019
Table 218: ADM: Product Portfolio
Table 219: ADM: Recent Developments, 2017-2021
Table 220: AMCO Proteins: Product Portfolio
Table 221: Axiom Foods Inc.: Product Portfolio
Table 222: Axiom Foods Inc.: Recent Developments, 2018-2020
Table 223: Burcon NutraScience Corp.: Product Portfolio
Table 224: Burcon NutraScience Corp.: Recent Developments, 2019-2021
Table 225: BENEO: Product Portfolio
Table 226: BENEO: Recent Developments, 2019
Table 227: Bunge Ltd: Product Portfolio
Table 228: Bunge Ltd.: Recent Developments, 2020-2021
Table 229: Cargill: Product Portfolio
Table 230: Cargill: Recent Developments, 2018-2022
Table 231: CHS Inc.: Product Portfolio
Table 232: CHS Inc.: Recent Developments, 2019
Table 233: Cosucra Groupe Warcoing SA: Product Portfolio
Table 234: Cosucra Groupe Warcoing SA: Recent Developments, 2018-2019
Table 235: Crespel & Deiters GmbH & Co. KG: Product Portfolio
Table 236: Crespel & Deiters GmbH & Co. KG: Recent Developments, 2022
Table 237: DSM: Product Portfolio
Table 238: DSM: Recent Developments, 2021
Table 239: Farbest Brands: Product Portfolio
Table 240: Farbest Brands: Recent Developments 2021
Table 241: Glanbia plc: Product Portfolio
Table 242: Glanbia plc: Recent Developments, 2017
Table 243: Glico Nutrition Co., Ltd.: Product Portfolio
Table 244: IFF International Flavors & Fragrances Inc.: Product Portfolio
Table 245: IFF International Flavors & Fragrances Inc.: Recent Developments, 2021
Table 246: Ingredion Inc.: Product Portfolio
Table 247: Ingredion Inc.: Recent Developments, 2019-2021
Table 248: Kerry Group: Product Portfolio
Table 249: Kerry Group: Recent Developments, 2018-2020
Table 250: PURIS Foods: Product Portfolio
Table 251: PURIS Foods: Recent Developments, 2019
Table 252: Roquette Freres Le Romarin: Product Portfolio
Table 253: Roquette Freres Le Romarin: Recent Developments, 2019-2021
Table 254: Tate & Lyle plc: Product Portfolio
Table 255: Tate & Lyle plc: Recent Developments, 2021
Table 256: The Emsland Group: Product Portfolio
Table 257: The Emsland Group: Recent Developments, 2021
Table 258: The Scoular Company: Product Portfolio
Table 259: The Scoular Company: Recent Developments, 2021
Table 260: Wilmar International Ltd.: Product Portfolio
Table 261: Acronyms Used in This Report

Executive Summary

Proteins are fundamental nutrients that are needed by the human body and comprise the essential amino acids required for muscle building. Plant proteins are the proteins extracted from plant sources such as vegetables, fruits, nuts, oilseeds, grains, peas, lentils, etc. The key plant-based protein sources include pea, soy, wheat, potato, and canola., The proteins which are obtained from various animal sources, including egg, milk, whey, casein and egg, among others, are referred to as animal proteins.

Plant-based proteins contain all essential amino acids required by the body. As plant-based proteins have a lower calorie count, they can be substituted for animal-based proteins for weight loss and thus are preferred by consumers. Plant-based proteins contain a good amount of fiber as compared to animal-based proteins, which boosts their consumption in beverages, animal feed and infant nutrition. Plant-based proteins are increasingly used in the foods and beverages sector as they supplement protein content. Growth of the food and beverage sector, primarily in Brazil, India, China and Mexico, due to increasing domestic consumption coupled with the adoption of modern farming technology, is expected to drive the plant-based protein market shortly.

The plant-based protein market by the source is segmented into soy, wheat, pea, canola, potato, rice and others. Based on types, the plant-based protein is segmented as isolates, concentrates and others. Plant-based proteins are used in various applications, including food and beverages, infant formulation, personal care and cosmetics, animal feed and nutrition and health supplements. Rising awareness of nutrient enrichment and growing health awareness have increased the importance of dietary supplements and are expected to favorably impact market growth. Furthermore, the rising importance of protein consumption among vegetarians is expected to have a positive impact on the market over the forecast period. Rising concerns regarding dairy product allergies and animal or meat borne diseases and allergies are expected to fuel the demand for plant-based protein during the forecast period.

Shifting trends in functional ingredients fortification in the food and beverage industry due to rising demand for added health benefits in various food products is anticipated to boost plant-based protein demand. Food and beverage industry growth, primarily in Brazil, Russia, Indonesia, China and the Middle East, due to rising domestic consumption and growing foreign direct investments are expected to augment market growth. In addition, population growth, increasing disposable income and increasing urbanization in Asia-Pacific countries, especially India and China, are anticipated to promote the food and beverage industry over the forecast period. This, in turn, is likely to have a positive impact on the plant and dairy protein market over the forecast period. Asia-Pacific is expected to be one of the most promising markets due to growing domestic consumption in China and India in light of new product launches by numerous food and beverage manufacturers.

Companies Mentioned

  • Adm
  • Amco Proteins
  • Axiom Foods Inc.
  • Burcon Nutrascience Corp.
  • Beneo GmbH
  • Bunge Ltd.
  • Cargill
  • Chs Inc.
  • Cosucra Groupe Warcoing Sa
  • Crespel & Deiters GmbH & Co. Kg
  • Dsm
  • Farbest Brands
  • Glanbia plc
  • Glico Nutrition Co. Ltd.
  • Iff International Flavors & Fragrances Inc.
  • Ingredion Inc.
  • Kerry Group
  • Puris Foods
  • Roquette Freres Le Romarin
  • Tate & Lyle plc
  • The Emsland Group
  • Scoular Company (The)
  • Wilmar International Ltd.

Table Information

Report AttributeDetails
No. of Pages36
PublishedJune 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 11.8 Billion
Forecasted Market Value ( USD ) by 2027 $ 17.8 Billion
Compound Annual Growth Rate8.5%
Regions CoveredGlobal
No. of Companies Mentioned23

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