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Global Plant-based Protein Market by Source (Soy, Wheat, and Pea), Type (Isolates, Concentrates, & Textured), Application (Food (Meat Alternatives, Dairy Alternatives, Performance Nutrition & others) and Feed), Form, Nature and Region - Forecast to 2027

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    Report

  • 244 Pages
  • July 2022
  • Region: Global
  • Markets and Markets
  • ID: 5264248

Innovation & Developments Related to Plant-based Protein to Augment Vegan Trend

According to MarketsandMarkets, the global plant-based protein market is estimated to be valued at USD 12.2 billion in 2022. It is projected to reach USD 17.4 billion by 2027, with a CAGR of 7.3%, in terms of value between 2022 and 2027. The market is gaining momentum as more consumers look to shift away from conventional animal protein sources to plant-based foods and proteins.



Additionally, the rising number of diseases such as cardiovascular disease and other forms of heart diseases which are attributed to meat consumption are influencing people to include more plant-based proteins in their diets. Key players have been investing significantly in R&D to cater to changing consumer preferences and reduce production costs.

By source, the soy segment occupies the highest market share during the forecast period.

Based on source, the soy segment is estimated to account for the largest market share, in terms of value, during the forecasted period. Soy is one of the few sources of plant-based proteins, that provides a complete nutritional profile that contains all the essential nutrients. This characteristic property of soy makes it a highly beneficial source of plant-based protein for the vegan and vegetarian consumers around the world.

By type, the concentrates segment is forecasted to account for the largest market share.

Based on type, the concentrates segment accounts for the largest market share and it would dominate the market in terms of value during the forecast period. The plant-based protein concentrates offer desirable properties such as good water retention and emulsification properties. Plant-based protein concentrates also offer a cost-effective protein solution for number of food applications such as snacks, sauces, pasta, cereals, and other dairy and meat products.

By form, the dry segment is forecasted to dominate the market during the forecasted period.

Based on form, the dry segment accounts for a larger market share in 2022. Dry form of plant-based protein is considered to be a sustainable form of protein processing as energy requirements for dry processing are much lesser, when compared to liquid processing.

By nature, organic segment is projected to grow at the highest CAGR during the forecast period.

Based on nature, the organic segment is estimated to witness a higher growth during the forecast period as the number of label-conscious consumers continue to rise, who are highly concerned about personal and environmental health.

By application, the food segment is expected to retain its position as the dominant segment over the forecast period.

Based on application, the food segment is expected to account for the largest and fastest-growing segment over the forecast period because of the large applicability of plant-based proteins across a variety of different food segments such as meat alternatives, dairy alternatives, convenience foods, bakery products, performance nutrition and other food applications.

The Asia-Pacific region is the fastest-growing market for the plant-based protein market during the forecast period.

The Asia-Pacific region is expected to witness the highest growth rate during the forecasted period. The food preferences of this region is highly influenced by religious choices due to which many consumers prefer plant-based proteins over conventional animal sourced proteins. The region has also witnessed an alarming rate of heart diseases and cardiovascular diseases in recent years, which are making the consumers shift away from animal meat and protein. The plant-based protein industry will continue to grow significantly in the region, as the perceived health benefits of plant-based proteins continue to gain momentum.

Break-up of Primaries

  • By Company Type: Tier 1 - 25%, Tier 2 - 45% and Tier 3 - 30%
  • By Designation: Manager - 50%, CXOs - 20%, and Executives - 30%
  • By Region: Asia-Pacific - 40%, Europe - 25%, North America - 25%, and RoW - 10%

Leading players profiled in this report include the following:

  • ADM (US)
  • Cargill (US)
  • DuPont (US)
  • Wilmar International Ltd (Singapore)
  • Roquette Frères (France)
  • Glanbia plc (Ireland)
  • Kerry Group PLC (Ireland)
  • DSM (Netherlands)
  •  Ingredion (US)

 Emsland Group (Germany) Research Coverage This report segments the plant-based protein market on the basis of source, type, form, nature, application, and region. In terms of insights, this research report focuses on various levels of analyses - competitive landscape, pricing insights, end-use analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the plant-based protein market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Reasons to buy this report

  • To get a comprehensive overview of the plant-based protein market
  • To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
  • To gain insights into the major countries/regions, in which the plant-based protein market is flourishing
Frequently Asked Questions about the Global Plant-based Protein Market

What is the estimated value of the Global Plant-based Protein Market?

The Global Plant-based Protein Market was estimated to be valued at $12.2 Billion in 2022.

What is the growth rate of the Global Plant-based Protein Market?

The growth rate of the Global Plant-based Protein Market is 7.3%, with an estimated value of $17.4 Billion by 2027.

What is the forecasted size of the Global Plant-based Protein Market?

The Global Plant-based Protein Market is estimated to be worth $17.4 Billion by 2027.

Who are the key companies in the Global Plant-based Protein Market?

Key companies in the Global Plant-based Protein Market include ADM, AGT Food and Ingredients, Amco Proteins, Aminola, Australian Plant Proteins Pty Ltd., Axiom Foods, Inc., Beneo GmbH, Burcon Nutrascience Corporation and Cosucra.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Market Segmentation
1.3.1 Inclusions and Exclusions
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 1 USD Exchange Rates Considered, 2018-2021
1.5 Volume Unit Considered
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Plant-based Protein Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Primary Insights
2.2 Market Size Estimation
Figure 3 Approach One - Bottom-Up (Based on Source), by Region - Demand Side
Figure 4 Approach Two - Top-Down (Supply Side)
2.3 Data Triangulation
Figure 5 Data Triangulation Methodology
2.4 Assumptions
2.5 Limitations and Risk Assessment

3 Executive Summary
Table 2 Plant-based Protein Market Snapshot, 2022 vs. 2027
Figure 6 Plant-based Protein Market Size, by Source, 2022 vs. 2027 (USD Million)
Figure 7 Plant-based Protein Market Size, by Type, 2022 vs. 2027 (USD Million)
Figure 8 Plant-based Protein Market Size, by Application, 2022 vs. 2027 (USD Million)
Figure 9 Plant-based Protein Market Size, by Nature, 2022 vs. 2027 (USD Million)
Figure 10 Plant-based Protein Market Size, by Form, 2022 vs. 2027 (USD Million)
Figure 11 Plant-based Protein Market Share (Value), by Region, 2021

4 Premium Insights
4.1 Attractive Opportunities for Players in Plant-based Protein Market
Figure 12 Increasing Adoption of Vegan and Flexitarian Diets Globally to Propel Growth of Plant-based Protein Market
4.2 North America: Plant-based Protein Market, by Source and Country
Figure 13 US Region and Soy Segment to Account for Largest Shares in North American Plant-based Protein Market in 2021
4.3 Plant-based Protein Market, by Type
Figure 14 Concentrates Segment to Dominate Market During Forecast Period
4.4 Plant-based Protein Market, by Application
Figure 15 Food Segment to Dominate Market During Forecast Period
4.5 Plant-based Protein Market, by Form
Figure 16 Dry Form Segment to Dominate Market During Forecast Period
4.6 Plant-based Protein Market, by Source and Region
Figure 17 North America and Soy Segment to Dominate Market During Forecast Period
4.7 Plant-based Protein Market, by Nature
Figure 18 Conventional Segment to Dominate Market During Forecast Period

5 Market Overview
5.1 Introduction
Figure 19 US: Annual Sales of Plant-based Food & Beverages, 2018-2021 (USD Billion)
5.2 Market Dynamics
Figure 20 Plant-based Protein Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand for Wellness-Focused Organic Food & Beverages
5.2.1.2 Innovation & Developments Related to Plant-based Protein to Augment Vegan Trend
Figure 21 US: Food Preferences of Population, 2018
5.2.1.3 Rise in Population with Lactose Intolerance
Table 3 Lactose Intolerance Rate, by Ethnicity
5.2.1.4 Growth in Investment & Collaboration in Plant-based Food Business
Figure 22 Greenhouse Gas Emissions from Average Food Consumption, by Food Type, 2018
5.2.1.5 Continual Rise in Demand for Food & Beverages with Organic Ingredients
5.2.1.6 Increase in Consumer Focus on Meat Alternatives
5.2.2 Restraints
5.2.2.1 Allergies Associated with Plant-based Protein Sources, Such as Soy & Wheat
5.2.2.2 Possibilities of Nutritional & Vitamin Deficiencies Among Vegans
5.2.3 Opportunities
5.2.3.1 Focus on Aquatic Plants as New & Emerging Sources of Protein
5.2.4 Challenges
5.2.4.1 Concerns Over Quality of Food & Beverages due to Adulteration of Gm Ingredients
5.2.4.2 Economic Constraints Related to Processing Capacity of Pea Protein
5.2.4.3 Concerns Regarding Taste and Texture Offered by Plant-based Protein

6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.2.1 Research and Product Development
6.2.2 Raw Material Sourcing
6.2.3 Production & Processing
6.2.4 Distribution
6.2.5 Marketing & Sales
Figure 23 Value Chain Analysis of Plant-based Protein Market
6.3 Supply Chain Analysis
Figure 24 Plant-based Protein Market: Supply Chain
6.4 Technology Analysis
6.4.1 Extrusion
6.5 Pricing Analysis: Plant-based Protein Market
6.5.1 Average Selling Price, by Source
Figure 1 Global: Average Selling Price, by Source
Table 4 Soy: Average Selling Price (ASP), by Region, 2020-2022 (USD/Tons)
Table 5 Wheat: Average Selling Price (ASP), by Region, 2020-2022 (USD/Tons)
Table 6 Pea: Average Selling Price (ASP), by Region, 2020-2022 (USD/Tons)
6.6 Market Mapping and Ecosystem of Plant-based Protein
6.6.1 Demand Side
6.6.2 Supply Side
Figure 2 Plant-based Protein: Market Map
Figure 3 Plant-based Protein: Ecosystem Mapping
Table 7 Plant-based Protein Market: Supply Chain (Ecosystem)
6.7 Trends/Disruptions Impacting Customer Business
Figure 4 Trends/Disruptions Impacting Customer Business
6.8 Plant-based Protein Market: Patent Analysis
Figure 5 Number of Patents Granted Between 2012 and 2021
Figure 6 Top 10 Investors with Highest Number of Patent Documents
Figure 7 Top 10 Applicants with Highest No. of Patent Documents
Table 8 Patents Pertaining to Plant-based Protein, 2021-2022
6.9 Trade Data: Plant-based Protein Market
6.9.1 Trade Data: Plant-based Protein Sources
Table 9 Top 10 Importers and Exporters of Soybean, 2021 (KG)
Table 10 Top 10 Importers and Exporters of Wheat, 2021 (KG)
Table 11 Top 10 Importers and Exporters of Pea, 2021 (KG)
6.10 Case Studies
Table 12 Adm: Spiced Apple Drinkable Yogurt
Table 13 Glanbia PLC: Plant Solutions
6.11 Porter's Five Forces Analysis
Table 14 Plant-based Protein Market: Porter's Five Forces Analysis
6.11.1 Degree of Competition
6.11.2 Bargaining Power of Suppliers
6.11.3 Bargaining Power of Buyers
6.11.4 Threat of Substitutes
6.11.5 Threat of New Entrants
6.12 Key Conferences & Events in 2022-2023
Table 15 Key Conferences & Events in Plant-based Protein Market
6.13 Key Stakeholders and Buying Criteria
6.13.1 Key Stakeholders in Buying Process
Figure 8 Influence of Stakeholders in Buying Process for Top Three Sources
Table 16 Influence of Stakeholders in Buying Process for Top Three Sources (%)
6.13.2 Buying Criteria
Table 17 Key Criteria for Selecting Supplier/Vendor
Figure 9 Key Criteria for Selecting Supplier/Vendor

7 Regulatory Framework
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Tariff & Regulatory Landscape
Table 18 List of Regulatory Bodies, Government Agencies, and Other Organizations

8 Plant-based Protein Market, by Source
8.1 Introduction
Figure 10 Plant-based Protein Market (Value), by Source, 2022 vs. 2027
Table 19 Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 20 Plant-based Protein Market, by Source, 2022-2027 (USD Million)
Table 21 Plant-based Protein Market, by Source, 2018-2021 (Kt)
Table 22 Plant-based Protein Market, by Source, 2022-2027 (Kt)
8.2 Soy
8.2.1 Surge in Demand for Plant-based Protein Alternatives and Increasing Soy Exports to Account for Soy Protein Growth
Table 23 Soy: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 24 Soy: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 25 Soy: Plant-based Protein Market, by Region, 2018-2021 (Kt)
Table 26 Soy: Plant-based Protein Market, by Region, 2022-2027 (Kt)
8.3 Wheat
8.3.1 Excellent Binding Characteristics Coupled with Increased Usage in Alternative Meat Products to Drive Growth During Forecast Period
Table 27 Wheat: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 28 Wheat: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 29 Wheat: Plant-based Protein Market, by Region, 2018-2021 (Kt)
Table 30 Wheat: Plant-based Protein Market, by Region, 2022-2027 (Kt)
8.4 Pea
8.4.1 Increasing Shift of Consumers from Traditional Sources of Plant Protein to Drive Growth of Pea Protein
Table 31 Pea: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 32 Pea: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 33 Pea: Plant-based Protein Market, by Region, 2018-2021 (Kt)
Table 34 Pea: Plant-based Protein Market, by Region, 2022-2027 (Kt)
8.5 Other Sources
Table 35 Other Sources: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 36 Other Sources: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 37 Other Sources: Plant-based Protein Market, by Region, 2018-2021 (Kt)
Table 38 Other Sources: Plant-based Protein Market, by Region, 2022-2027 (Kt)

9 Plant-based Protein Market, by Type
9.1 Introduction
Figure 11 Plant-based Protein Market (Value), by Type, 2022 vs. 2027
Table 39 Plant-based Protein Market, by Type, 2018-2021 (USD Million)
Table 40 Plant-based Protein Market, by Type, 2022-2027 (USD Million)
Table 41 Soy: Plant-based Protein Market, by Type, 2018-2021 (USD Million)
Table 42 Soy: Plant-based Protein Market, by Type, 2022-2027 (USD Million)
Table 43 Wheat: Plant-based Protein Market, by Type, 2018-2021 (USD Million)
Table 44 Wheat: Plant-based Protein Market, by Type, 2022-2027 (USD Million)
Table 45 Pea: Plant-based Protein Market, by Type, 2018-2021 (USD Million)
Table 46 Pea: Plant-based Protein Market, by Type, 2022-2027 (USD Million)
Table 47 Other Sources: Plant-based Protein Market, by Type, 2018-2021 (USD Million)
Table 48 Other Sources: Plant-based Protein Market, by Type, 2022-2027 (USD Million)
9.2 Concentrates
9.2.1 Product Innovation and Applications Across Food and Nutrition Supplements to Drive Demand for Plant Protein Concentrates
Table 49 Concentrates: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 50 Concentrates: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
9.3 Isolates
9.3.1 Application of Plant-Protein Isolates in Infant Foods and Strong Demand due to High Protein Content to Drive Growth
Table 51 Isolates: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 52 Isolates: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
9.4 Textured
9.4.1 Increasing Shift Toward Plant-based Meat due to Rise in Health Concerns to Grow Demand for Textured Plant Proteins
Table 53 Textured: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 54 Textured: Plant-based Protein Market, by Source, 2022-2027 (USD Million)

10 Plant-based Protein Market, by Application
10.1 Introduction
Figure 12 Plant-based Protein Market (Value), by Application, 2022 vs. 2027
Table 55 Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 56 Plant-based Protein Market, by Application, 2022-2027 (USD Million)
10.2 Food
10.2.1 Increased Consumption of Plant-based Meat and Dairy Alternatives to Drive Growth During Forecast Period
Table 57 Food: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 58 Food: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 59 Food: Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 60 Food: Plant-based Protein Market, by Application, 2022-2027 (USD Million)
10.2.2 Meat Alternatives
10.2.3 Dairy Alternatives
10.2.4 Bakery Products
10.2.5 Performance Nutrition
10.2.6 Convenience Foods
10.2.7 Other Food Applications
10.3 Feed
10.3.1 Increased Demand for Clean Label and Sustainable Feed Products to Drive Demand for Plant-based Protein in Feed Applications
Table 61 Feed: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 62 Feed: Plant-based Protein Market, by Region, 2022-2027 (USD Million)

11 Plant-based Protein Market, by Nature
11.1 Introduction
Figure 13 Plant-based Protein Market (Value), by Nature, 2022 vs. 2027
Table 63 Plant-based Protein Market, by Nature, 2018-2021 (USD Million)
Table 64 Plant-based Protein Market, by Nature, 2022-2027 (USD Million)
11.2 Conventional
11.2.1 Increased Application of Plant-based Foods in Food and Feed Industries to Boost Growth of Conventional Proteins
Table 65 Conventional Nature: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 66 Conventional Nature: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
11.3 Organic
11.3.1 Demand for Clean Label Ingredients and Transparency About Food Origin to Drive Growth for Organic Plant-based Protein
Table 67 Organic Nature: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 68 Organic Nature: Plant-based Protein Market, by Region, 2022-2027 (USD Million)

12 Plant-based Protein Market, by Form
12.1 Introduction
Figure 14 Plant-based Protein Market (Value), by Form, 2022 vs. 2027
Table 69 Plant-based Protein Market, by Form, 2018-2021 (USD Million)
Table 70 Plant-based Protein Market, by Form, 2022-2027 (USD Million)
12.2 Dry
12.2.1 Increasing Applications of Dry Protein Products in Plant-based Food and Beverages Industry to Drive Market Growth
Table 71 Dry Form: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 72 Dry Form: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
12.3 Liquid
12.3.1 Higher Protein Enrichment Requirements in Nutritional Supplements to Drive Growth for Liquid Plant Protein
Table 73 Liquid Form: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 74 Liquid Form: Plant-based Protein Market, by Region, 2022-2027 (USD Million)

13 Plant-based Protein Market, by Region
13.1 Introduction
Figure 15 India and Japan to Record Fastest Growth During Forecast Period
Table 75 Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 76 Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 77 Plant-based Protein Market, by Region, 2018-2021 (Kt)
Table 78 Plant-based Protein Market, by Region, 2022-2027 (Kt)
13.2 North America
Figure 16 North America: Regional Snapshot, 2021
Table 79 North America: Plant-based Protein Market, by Country, 2018-2021 (USD Million)
Table 80 North America: Plant-based Protein Market, by Country, 2022-2027 (USD Million)
Table 81 North America: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 82 North America: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
Table 83 North America: Plant-based Protein Market, by Source, 2018-2021 (Kt)
Table 84 North America: Plant-based Protein Market, by Source, 2022-2027 (Kt)
Table 85 North America: Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 86 North America: Plant-based Protein Market, by Application, 2022-2027 (USD Million)
Table 87 North America: Plant-based Protein Market, by Form, 2018-2021 (USD Million)
Table 88 North America: Plant-based Protein Market, by Form, 2022-2027 (USD Million)
Table 89 North America: Plant-based Protein Market, by Nature, 2018-2021 (USD Million)
Table 90 North America: Plant-based Protein Market, by Nature, 2022-2027 (USD Million)
13.2.1 US
13.2.1.1 Rising Awareness of Environmental and Personal Health to Drive Growth and Demand for Plant-based Protein Ingredients
Table 91 US: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 92 US: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.2.2 Canada
13.2.2.1 Shift to Plant-based Foods from Conventional Animal Source Products to Contribute to Growth of Plant-based Protein
Table 93 Canada: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 94 Canada: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.2.3 Mexico
13.2.3.1 Changing Consumer Preferences and Companies Entering Plant-based Food Industry to Boost Market Growth
Table 95 Mexico: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 96 Mexico: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3 Europe
Table 97 Europe: Plant-based Protein Market, by Country, 2018-2021 (USD Million)
Table 98 Europe: Plant-based Protein Market, by Country, 2022-2027 (USD Million)
Table 99 Europe: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 100 Europe: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
Table 101 Europe: Plant-based Protein Market, by Source, 2018-2021 (Kt)
Table 102 Europe: Plant-based Protein Market, by Source, 2022-2027 (Kt)
Table 103 Europe: Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 104 Europe: Plant-based Protein Market, by Application, 2022-2027 (USD Million)
Table 105 Europe: Plant-based Protein Market, by Form, 2018-2021 (USD Million)
Table 106 Europe: Plant-based Protein Market, by Form, 2022-2027 (USD Million)
Table 107 Europe: Plant-based Protein Market, by Nature, 2018-2021 (USD Million)
Table 108 Europe: Plant-based Protein Market, by Nature, 2022-2027 (USD Million)
13.3.1 Germany
13.3.1.1 Increasing Dependence on Plant-based Foods and High Adoption Rate of Flexitarian Diets to Boost Growth of Plant-based Protein
Table 109 Germany: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 110 Germany: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.2 France
13.3.2.1 Government Support to Develop Domestic Plant-based Protein Production and Reduce Imports to Drive Growth
Table 111 France: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 112 France: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.3 UK
13.3.3.1 Rising Vegan Population and Increasing Interest from Companies to Help Grow Plant-based Protein Market
Table 113 UK: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 114 UK: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.4 Italy
13.3.4.1 Rapidly Changing Consumer Preferences from Conventional to Plant-based Protein to Drive Market
Table 115 Italy: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 116 Italy: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.5 Spain
13.3.5.1 Product Innovation and Increased Consumption of Plant-based Convenience Foods to Drive Market
Table 117 Spain: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 118 Spain: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.6 Netherlands
13.3.6.1 Increasing Popularity of Plant-based Foods due to Health and Environmental Benefits to Drive Demand for Plant Proteins
Table 119 Netherlands: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 120 Netherlands: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.7 Belgium
13.3.7.1 New Product Launches Coupled with Export Access and Growing Processing Capabilities to Boost Growth of Plant-based Protein
Table 121 Belgium: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 122 Belgium: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.3.8 Rest of Europe
Table 123 Rest of Europe: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 124 Rest of Europe: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.4 Asia-Pacific
Figure 17 Asia-Pacific: Regional Snapshot, 2021
Table 125 Asia-Pacific: Plant-based Protein Market, by Country, 2018-2021 (USD Million)
Table 126 Asia-Pacific: Plant-based Protein Market, by Country, 2022-2027 (USD Million)
Table 127 Asia-Pacific: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 128 Asia-Pacific: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
Table 129 Asia-Pacific: Plant-based Protein Market, by Source, 2018-2021 (Kt)
Table 130 Asia-Pacific: Plant-based Protein Market, by Source, 2022-2027 (Kt)
Table 131 Asia-Pacific: Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 132 Asia-Pacific: Plant-based Protein Market, by Application, 2022-2027 (USD Million)
Table 133 Asia-Pacific: Plant-based Protein Market, by Form, 2018-2021 (USD Million)
Table 134 Asia-Pacific: Plant-based Protein Market, by Form, 2022-2027 (USD Million)
Table 135 Asia-Pacific: Plant-based Protein Market, by Nature, 2018-2021 (USD Million)
Table 136 Asia-Pacific: Plant-based Protein Market, by Nature, 2022-2027 (USD Million)
13.4.1 China
13.4.1.1 Demand for Products with Health Benefits to Drive Market Growth During Forecast Period
Table 137 China: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 138 China: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.4.2 Japan
13.4.2.1 Ageing Population and Rising Consumption of Plant-based Convenience Foods to Drive Market Growth
Table 139 Japan: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 140 Japan: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.4.3 Australia & New Zealand
13.4.3.1 Investments from Key Players and Rising Vegan Population to Drive Growth of Plant-based Protein
Table 141 Australia & New Zealand: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 142 Australia & New Zealand: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.4.4 India
13.4.4.1 Evolving Dietary Preferences and Increasing Coronary Heart Diseases to Drive Market Growth for Plant-based Protein
Table 143 India: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 144 India: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.4.5 Rest of Asia-Pacific
Table 145 Rest of Asia-Pacific: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 146 Rest of Asia-Pacific: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.5 South America
Table 147 South America: Plant-based Protein Market, by Country, 2018-2021 (USD Million)
Table 148 South America: Plant-based Protein Market, by Country, 2022-2027 (USD Million)
Table 149 South America: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 150 South America: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
Table 151 South America: Plant-based Protein Market, by Source, 2018-2021 (Kt)
Table 152 South America: Plant-based Protein Market, by Source, 2022-2027 (Kt)
Table 153 South America: Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 154 South America: Plant-based Protein Market, by Application, 2022-2027 (USD Million)
Table 155 South America: Plant-based Protein Market, by Form, 2018-2021 (USD Million)
Table 156 South America: Plant-based Protein Market, by Form, 2022-2027 (USD Million)
Table 157 South America: Plant-based Protein Market, by Nature, 2018-2021 (USD Million)
Table 158 South America: Plant-based Protein Market, by Nature, 2022-2027 (USD Million)
13.5.1 Brazil
13.5.1.1 High Processing and Export Capabilities Coupled with Increased Adoption of Plant-based Foods to Drive Growth of Plant-based Protein
Table 159 Brazil: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 160 Brazil: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.5.2 Argentina
13.5.2.1 Environmental, Nutritional, and Animal Welfare Concerns from Younger Generations to Drive Demand for Plant-based Protein
Table 161 Argentina: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 162 Argentina: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.5.3 Rest of South America
Table 163 Rest of South America: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 164 Rest of South America: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.6 Rest of the World
Table 165 Rest of the World: Plant-based Protein Market, by Region, 2018-2021 (USD Million)
Table 166 Rest of the World: Plant-based Protein Market, by Region, 2022-2027 (USD Million)
Table 167 Rest of the World: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 168 Rest of the World: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
Table 169 Rest of the World: Plant-based Protein Market, by Source, 2018-2021 (Kt)
Table 170 Rest of the World: Plant-based Protein Market, by Source, 2022-2027 (Kt)
Table 171 Rest of the World: Plant-based Protein Market, by Application, 2018-2021 (USD Million)
Table 172 Rest of the World: Plant-based Protein Market, by Application, 2022-2027 (USD Million)
Table 173 Rest of the World: Plant-based Protein Market, by Form, 2018-2021 (USD Million)
Table 174 Rest of the World: Plant-based Protein Market, by Form, 2022-2027 (USD Million)
Table 175 Rest of the World: Plant-based Protein Market, by Nature, 2018-2021 (USD Million)
Table 176 Rest of the World: Plant-based Protein Market, by Nature, 2022-2027 (USD Million)
13.6.1 Africa
13.6.1.1 Favorable Processing Conditions Coupled with Rising Consumer Awareness About Health Issues to Drive Growth of Plant-based Protein
Table 177 Africa: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 178 Africa: Plant-based Protein Market, by Source, 2022-2027 (USD Million)
13.6.2 Middle East
13.6.2.1 Demand for Plant-based Convenience Foods to Drive Growth of Plant-based Protein Industry
Table 179 Middle East: Plant-based Protein Market, by Source, 2018-2021 (USD Million)
Table 180 Middle East: Plant-based Protein Market, by Source, 2022-2027 (USD Million)

14 Competitive Landscape
14.1 Overview
14.2 Key Player Strategies
Table 181 Overview of Strategies Adopted by Key Players
14.3 Market Share Analysis, 2021
Table 182 Plant-based Protein Market Share Analysis, 2021
14.4 Historical Revenue Analysis of Key Players
Figure 18 Five-Year Total Revenue Analysis of Key Players in Market, 2017-2021 (USD Billion)
14.5 Company Evaluation Quadrant (Key Players)
14.5.1 Stars
14.5.2 Pervasive Players
14.5.3 Emerging Leaders
14.5.4 Participants
Figure 19 Plant-based Protein Market: Company Evaluation Quadrant, 2021 (Key Players)
14.5.5 Plant-based Protein Market Product Footprint (Key Players)
Table 183 Company Footprint, by Source (Key Players)
Table 184 Company Footprint, by Type (Key Players)
Table 185 Company Footprint, by Application (Key Players)
Table 186 Company Footprint, by Nature (Key Players)
Table 187 Company Footprint, by Form (Key Players)
Table 188 Company Footprint, by Region (Key Players)
Table 189 Overall Company Footprint (Key Players)
14.6 Plant-based Protein Market: Other Players Evaluation Quadrant, 2021
14.6.1 Progressive Companies
14.6.2 Starting Blocks
14.6.3 Responsive Companies
14.6.4 Dynamic Companies
Figure 20 Plant-based Protein Market: Company Evaluation Quadrant, 2021 (Other Players)
Table 190 Plant-based Protein: Competitive Benchmarking of Other Players
14.7 Competitive Scenario
14.7.1 New Product Launches
Table 191 Plant-based Protein Market: New Product Launches, 2020
14.7.2 Deals
Table 192 Plant-based Protein Market: Deals, 2021
14.7.3 Others
Table 193 Plant-based Protein Market: Others, 2022

15 Company Profiles
(Business Overview, Products Offered, Recent Developments, Analyst's View Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats) *
15.1 Key Players
15.1.1 Adm
Table 194 Adm: Business Overview
Figure 21 Adm: Company Snapshot
Table 195 Adm: Products/Solutions/Services Offered
Table 196 Adm: Deals
Table 197 Adm: New Product Launches
Table 198 Adm: Others
15.1.2 Cargill
Table 199 Cargill: Business Overview
Figure 22 Cargill: Company Snapshot
Table 200 Cargill: Products/Solutions/Services Offered
Table 201 Cargill: Others
15.1.3 Dupont
Table 202 Dupont: Business Overview
Figure 23 Dupont: Company Snapshot
Table 203 Dupont: Products/Solutions/Services Offered
Table 204 Dupont: New Product Launches
Table 205 Dupont: Deals
15.1.4 Wilmar International Ltd.
Table 206 Wilmar International Ltd.: Business Overview
Figure 24 Wilmar International Ltd.: Company Snapshot
Table 207 Wilmar International Ltd.: Products/Solutions/Services Offered
15.1.5 Roquette Frères
Table 208 Roquette Frères: Business Overview
Table 209 Roquette Frères: Products/Solutions/Services Offered
Table 210 Roquette Frères: Deals
Table 211 Roquette Frères: Others
15.1.6 Glanbia PLC
Table 212 Glanbia PLC: Business Overview
Figure 25 Glanbia PLC: Company Snapshot
Table 213 Glanbia PLC: Products/Solutions/Services Offered
Table 214 Glanbia PLC: New Product Launches
Table 215 Glanbia PLC: Deals
15.1.7 Kerry Group PLC
Table 216 Kerry Group PLC: Business Overview
Figure 26 Kerry Group PLC: Company Snapshot
Table 217 Kerry Group PLC: Products/Solutions/Services Offered
Table 218 Kerry Group PLC: Deals
Table 219 Kerry Group PLC: Others
15.1.8 DSM
Table 220 DSM: Business Overview
Figure 27 DSM: Company Snapshot
Table 221 DSM: Products/Solutions/Services Offered
Table 222 DSM: Deals
15.1.9 Ingredion
Table 223 Ingredion: Business Overview
Figure 28 Ingredion: Company Snapshot
Table 224 Ingredion: Products/Solutions/Services Offered
Table 225 Ingredion: Deals
Table 226 Ingredion: New Product Launches
Table 227 Ingredion: Others
15.1.10 Emsland Group
Table 228 Emsland Group: Business Overview
Table 229 Emsland Group: Products/Solutions/Services Offered
Table 230 Emsland Group: Deals
15.2 Other Players
15.2.1 Puris
Table 231 Puris: Business Overview
Table 232 Puris: Products/Solutions/Services Offered
Table 233 Puris: Others
15.2.2 Cosucra
Table 234 Cosucra: Business Overview
Table 235 Cosucra: Products/Solutions/Services Offered
Table 236 Cosucra: New Product Launches
Table 237 Cosucra: Others
15.2.3 Burcon Nutrascience Corporation
Table 238 Burcon Nutrascience Corporation: Business Overview
Table 239 Burcon Nutrascience Corporation: Products/Solutions/Services Offered
Table 240 Burcon Nutrascience Corporation: Deals
Table 241 Burcon Nutrascience Corporation: Others
15.2.4 Sotexpro
Table 242 Sotexpro: Business Overview
Table 243 Sotexpro: Products/Solutions/Services Offered
15.2.5 Agt Food and Ingredients
Table 244 Agt Food and Ingredients: Business Overview
Table 245 Agt Food and Ingredients: Products/Solutions/Services Offered
Table 246 Agt Food and Ingredients: Deals
15.2.6 Axiom Foods, Inc.
15.2.7 Aminola
15.2.8 The Green Labs LLC.
15.2.9 Etchem
15.2.10 Beneo GmbH
15.2.11 Tate & Lyle
15.2.12 Shandong Jianyuan Group
15.2.13 Amco Proteins
15.2.14 Proeon
15.2.15 Australian Plant Proteins Pty Ltd.
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies

16 Adjacent and Related Markets
16.1 Introduction
Table 247 Adjacent Markets to Plant-based Protein Market
16.2 Limitations
16.3 Pea Protein Market
16.3.1 Market Definition
16.3.2 Market Overview
Table 248 Pea Protein Market Size, by Form, 2021-2027 (USD Million)
16.4 Textured Vegetable Protein Market
16.4.1 Market Definition
16.4.2 Market Overview
Table 249 Textured Vegetable Protein Market Size, by Form, 2018-2025 (USD Million)

17 Appendix
17.1 Discussion Guide

Executive Summary

Companies Mentioned

  • ADM
  • AGT Food and Ingredients
  • Amco Proteins
  • Aminola
  • Australian Plant Proteins Pty Ltd.
  • Axiom Foods, Inc.
  • Beneo GmbH
  • Burcon Nutrascience Corporation
  • Cargill
  • Cosucra
  • DSM
  • Dupont
  • Emsland Group
  • Etchem
  • Glanbia PLC
  • Ingredion
  • Kerry Group PLC
  • Proeon
  • Puris
  • Roquette Frères
  • Shandong Jianyuan Group
  • Sotexpro
  • Tate & Lyle
  • The Green Labs LLC.
  • Wilmar International Ltd.

Methodology

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