Plant-based Protein Market Key Highlights:
- Market Size (2024): USD 18.9 Billion
- Projected Market Size (2034): USD 4,3.53 Billion
- CAGR (2024-2034): 8.7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Plant-based Protein Market Definition
Plant-based proteins are highly nutritious food derived from plants, it includes pulses, tofu, soya, tempeh, seitan, nuts, seeds, certain grains, and peas. Along with being a good source of protein, these foods are rich in fibre, vitamins, and minerals. The expansion of the plant-based protein market is projected due to its ability to help decrease the risk of chronic diseases such as heart disease, high blood pressure, high cholesterol, and many cancers.
The fibre gained from plant-based protein helps regulate the body’s sugar use, helps food move through the digestive system with regularity, and the microbiome and good bacteria keep the gut healthy. Plantaway, an award-winning company of plant-based food needs, continues to innovate and expand its offering by launching its meat alternatives - pepperoni and sausages.
There are some challenges faced by the market. The major issue with plant-based protein is food sovereignty and environmental impact which is caused by deforestation, forest degradation and the destruction of natural ecosystems in some producing countries. Despite that, the plant-based protein market is emerging as a viable and popular substitute for animal-based meat which drives awareness towards environmental and health aspects.
Plant-based Protein Market Segmentation:
By Product Type
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
By Form
- Isolates
- Concentrates
- Hydrolysates
By End Use
- Nutritional Products
- Sports Nutrition
- Medical Nutrition
- Infant Nutrition
- Bakery
- Ready-to-eat
- Snacks & Cereals
- Dairy, Confectionary and Dessert
- Convenience Food
- Beverages
- Animal Feed
- Others
By Nature
Plant-based Protein Market Companies:
- Glanbia Plc.
- Archer-Daniels-Midland Co.
- Cargill Incorporation
- Kerry Inc.
- Burcon Nutrascience Corporation
- E.I. du Pont de Nemours & Co.
- Royal Avebe UA
- Cosucra Groupe Warcoing
- Ingredion Inc.
- Corbion
- Tate & Lyle Plc.
- CHS Inc.
- Roquette Freres
- AGT Food & Ingredients Inc.
- Now Food
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
