Learn about the global plant-based protein market through The Business Research Company, which provides information on plant-based protein market size, plant-based protein market drivers and restraints, plant-based protein market players, the COVID-19 impact on the plant-based protein market, and more.

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The global plant-based protein market size is expected to grow from $13.18 billion in 2021 to $14.58 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The market is expected to reach $21.29 billion in 2026 at a CAGR of 9.9%.

The increasing awareness of health and wellness is expected to drive innovation in plant-based protein manufacturing, thus driving the market during the forecast period.

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The plant-based protein market consists of sales of proteins by entities (organizations, sole traders, and partnerships) that are derived from plant-based sources. Plant-based proteins are becoming more popular as meat substitutes because they are highly nutritious and include nutrients such as fibre, vitamins, and minerals in addition to proteins.

Global Plant-Based Protein Market Segments Include:

By Type: Isolates, Concentrates, Textured

By Source: Soy, Wheat, Pea, Others

By Form: Dry, Liquid 

By Application: Feed, Food, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the plant-based protein market in 2021.

Plant-based meat substitutes are gaining significant popularity in the plant-based proteins market. Plant-based meat alternatives are the priority of major companies operating in the plant-based proteins sector attributing to various benefits such as being ecologically friendly, aiding in weight loss, preventing chronic illnesses, and regulating cholesterol and blood sugar levels.

TBRC’s plant-based protein market report covers:

Major Market Players: Archer Daniels Midland Company (ADM), DuPont Nutrition & Biosciences, Axiom Foods Inc., Cargill, Kerry Group, Ingredion Incorporated, Roquette Freres, Wilmar International Limited, Glanbia Plc, Cosucra Groupe Warcoing SA, Sotexpro, Emsland Group, and PURIS Foods.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Plant-Based Protein Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides plant-based protein market overviews, analyses and forecasts market size, share, plant-based protein market players, plant-based protein market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s plant-based protein market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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