Global Plant-Based Proteins Market Size, Forecasts, And Opportunities – Includes Plant-Based Proteins Market Forecast
Learn about the global plant-based proteins market through The Business Research Company, which provides information on plant-based proteins market size, plant-based proteins market drivers and restraints, plant-based proteins market players, the COVID-19 impact on the plant-based proteins market, and more.
The plant-based proteins market The global plant-based proteins market size is expected to grow from $27.70 billion in 2021 to $77.10 billion in 2026 at a rate of 22.7%. The global plant-based proteins market size is then expected to grow at a CAGR of 15.3% from 2026 and reach $156.90 billion in 2031.
The plant-based protein market growth is supported by government initiatives to recognize the nutritional need for suitable alternatives for animal-based food in public health schemes. These initiatives are expected to boost the demand for plant-based protein in the forecast period.
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The plant-based proteins market consists of sales of proteins by entities (organizations, sole traders, and partnerships) that are derived from plant-based sources at the end product manufacturing level. Plant-based proteins are becoming more popular alternatives to meat substitutes because not only are they are highly nutritious and include nutrients such as fibre, vitamins, and minerals in addition to proteins, but also there are growing environmental pressures around livestock farming.
Global Plant-Based Proteins Market Segments Include:
By Type: Isolates, Concentrates, Textured
By Source: Soy, Wheat, Pea, Others
By Form: Dry, Liquid
By Application: Feed, Food, Beverage, 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 global plant-based proteins market, accounting for 37.8% of the total in 2021.
There is an increase in demand for plant-based milk as it is having more protein contains as compared to regular milk as people have become more health conscious and are looking to consume less diary and replace it with healthier alternatives. This increasing demand for the product is driving innovation across the plant-based protein market to offer unique products with enhanced quality.
Major Market Players: Archer Daniels Midland Company, Ingredion Incorporated, Roquette Frères Le Romain, Dupont De Nemours, Inc, Wilmar International
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 (2016-21) and ten years forecast (2022-2026-2031)
The Plant-Based Proteins Market Report 2022 is one of a series of new reports from The Business Research Company that provides plant-based proteins market overviews, analyzes and forecasts market size, share, plant-based proteins market players, plant-based proteins market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s plant-based proteins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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