According to the report, the Europe plant protein market is projected to grow at a CAGR of 6.8% between 2024 and 2032 reaching a value of approximate USD 4.33 billion by 2032. Aided by the increasing demand for high-protein food products and the expanding use of plant protein in various industries, the market is expected to reach a value of USD 4.33 billion by 2032.
Plant proteins, derived from sources like soy, peas, and rice, have become an integral part of diverse products, including vegan meat substitutes, dairy alternatives, and protein supplements. They play a critical role in supporting muscle growth, tissue repair, and overall health. Besides their nutritional benefits, plant proteins have excellent emulsifying and stabilising properties, making them a valuable ingredient in numerous industrial applications such as food and beverages, nutraceuticals, and cosmetics.
The growing consumer preference for protein-rich food products is driving the Europe plant protein market growth. With the heightened awareness of the health benefits of protein intake, there has been a substantial shift towards high-protein diets, fuelling the demand for plant protein-based products. In addition, the rising trend of health and fitness has further boosted the popularity of plant protein as it is a preferred ingredient in protein supplements consumed by athletes and fitness enthusiasts.
The expanding use of plant proteins in various industries also significantly contributes to the Europe plant protein market development. In the nutraceutical industry, plant proteins are used as a key component in the production of protein bars and dietary supplements. The cosmetic industry utilises plant proteins for their moisturising and skin rejuvenation properties, essential in the formulation of numerous skincare products.
Moreover, plant proteins' compatibility with vegan and vegetarian diets has made them an indispensable component in the formulation of meat substitutes and dairy alternatives, thereby catalysing the Europe plant protein market demand. The rise in veganism and the increasing popularity of plant-based diets in Europe have led to a surge in demand for plant protein-based products. Additionally, the growing need for sustainable and environment-friendly food production has further strengthened the focus on plant proteins as an ideal alternative to animal-based proteins.
Plant proteins, derived from sources like soy, peas, and rice, have become an integral part of diverse products, including vegan meat substitutes, dairy alternatives, and protein supplements. They play a critical role in supporting muscle growth, tissue repair, and overall health. Besides their nutritional benefits, plant proteins have excellent emulsifying and stabilising properties, making them a valuable ingredient in numerous industrial applications such as food and beverages, nutraceuticals, and cosmetics.
The growing consumer preference for protein-rich food products is driving the Europe plant protein market growth. With the heightened awareness of the health benefits of protein intake, there has been a substantial shift towards high-protein diets, fuelling the demand for plant protein-based products. In addition, the rising trend of health and fitness has further boosted the popularity of plant protein as it is a preferred ingredient in protein supplements consumed by athletes and fitness enthusiasts.
The expanding use of plant proteins in various industries also significantly contributes to the Europe plant protein market development. In the nutraceutical industry, plant proteins are used as a key component in the production of protein bars and dietary supplements. The cosmetic industry utilises plant proteins for their moisturising and skin rejuvenation properties, essential in the formulation of numerous skincare products.
Moreover, plant proteins' compatibility with vegan and vegetarian diets has made them an indispensable component in the formulation of meat substitutes and dairy alternatives, thereby catalysing the Europe plant protein market demand. The rise in veganism and the increasing popularity of plant-based diets in Europe have led to a surge in demand for plant protein-based products. Additionally, the growing need for sustainable and environment-friendly food production has further strengthened the focus on plant proteins as an ideal alternative to animal-based proteins.
Market Segmentation
The market can be divided based on source, application, and country.
Market Breakup by Source
- Algae
- Soy
- Wheat
- Pea
- Potato
- Oat
- Chickpea
- Rice
- Others
Market Breakup by Application
- Food and Beverages
- Animal Feed
- Supplements
- Others
Market Breakup by Country
- United Kingdom
- Germany
- France
- Italy
- Poland
- Netherlands
- Russia
- Belgium
- Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Europe plant protein market. Some of the major players explored in the report are as follows:- DuPont de Nemours Inc.
- BENEO GmbH
- ADM Specialty Ingredients (Europe) B.V.
- Arla Foods Ingredients Group P/S
- Cargill Inc.
- Ingredion Germany GmbH
- Genencor International B.V.
- Kerry Group
- Roquette
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Opportunities and Challenges in the Market13 Value Chain Analysis14 Price Analysis16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
8 Europe Plant Protein Market Analysis
9 Europe Plant Protein Market by Source
10 Europe Plant Protein Market by Application
11 Europe Plant Protein Market by Country
12 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- DuPont de Nemours Inc.
- BENEO GmbH
- ADM Specialty Ingredients (Europe) B.V.
- Arla Foods Ingredients Group P/S
- Cargill Inc.
- Ingredion Germany GmbH
- Genencor International B.V.
- Kerry Group
- Roquette
Methodology
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