Plant Protein Market - Forecast(2021 - 2026)

Report Code: FBR 42601 Report Format: PDF + Excel (Delivery in 48 Hrs)

Plant Protein Market Overview

Plant Protein Market size is estimated to be $9.2 billion in 2019, growing at a CAGR of 6.8% during the forecast period 2020-2025. Plant protein is a food source of proteins which is from plants. This group includes pulses, tofu, soya, tempeh, seitan, nuts, seeds, certain grains and even pulses. Growing population along with increasing prevalence of diabetes, chronic disease and other cardiovascular diseases and the preference of vegetarian foods among consumers is a significant factor driving the plant protein market in the upcoming years. Moreover, the shift of consumers towards vegetarian food owing to its several health benefits is propelled to increase the utilization and demand of the product. Apart, from this the use of plant protein in beverages, Animal feed, infant food and dietary supplement is also fueling the market growth. Product launches, development, collaboration is some of the key factors contributing to the market growth. For instance, in June 2020 Cargill launched new plant-based protein brand plant ever for consumers in China which would help meet demand for nutritious, great-tasting alternatives for plant among the consumers.

Report Coverage

The report: “Plant Protein Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plant Protein Market.
By Source - Soy, Wheat, Pea and Others.
By Type - Isolates, Concentrated and Textured.
By Application - Food & Beverages, Nutrition & Health Supplements, Animal Feed and Others.
By Geography - North America, Europe, Asia Pacific and Rest of the World.

Key Takeaways

  • The soy protein accounted for the largest market share in 2019 owing to its several health benefits.
  • Food and Beverages segment held the largest market share in the year 2019 owing to the wide usage of plant protein in beverages as well as in food products. 
  • North America contributed to the largest market share of 41% owing to the presence of large dominant players in the region including Cargill and Archer Daniels Midland Company.
  • Increasing awareness among consumers regarding nutritional benefits of plant protein is a significant factor driving the plant protein market during the forecast period 2020-2025.

Plant Protein Market Segment Analysis - By Source

By Source, the Plant Protein Market is segmented into Soy, Wheat, Pea and others. Among these the Soy protein accounted for the largest market share in 2019 owing to its several health benefits. Moreover, soy is the only plant protein that carries FDA’s heart claim which reduces the risk of heart diseases. In addition, it is a source of folate, potassium, fiber and the quality of soy protein is nearly higher than the quality of all other plant protein. Furthermore, soy protein products offer benefits to women in various life stages including improved diet and cardiovascular status, prevention of certain types of cancer, improved health following menopause, obesity, prevention/control and more options for food variety. This has led to increase in demand of soy protein in the future. 

Plant Protein Market Segment Analysis - By Application

By Application, the Plant Protein Market is segmented into Food and Beverages, Nutrition & Health Supplements, Animal Feed and Others. Food and Beverages segment held the largest market share in the year 2019 owing to the wide usage of plant protein in beverages as well as in food products. In addition, the changing lifestyle and the preference for energy drinks, fruit juices among consumers owing to its nutritional benefits is contributing to its market growth. Furthermore, the growth is driven by the rising demand of convenience food products with different flavors to save both customers time and effort, given their hectic schedules. For instance, Naked Juice from PepsiCo Inc., offers blueberry banana and peach mango plant protein fruit smoothies. Owing to these benefits of Plant Protein, there is an upsurge in the demands of these products and the market and is estimated to witness significant growth during the forecast period 2020-2025.

Plant Protein Market Segment Analysis - Geography

North America contributed to the largest market share of 41% owing to the presence of large dominant players in the region including Cargill and Archer Daniels Midland Company. Increasing demand of Plant-Based Food among consumers owing to its health benefits have highly supported its regional demand. Besides, this developments by key players is another factor triggering its market growth. For instance, in April 2016 Archer Daniel Midland Company launched soya ingredients that can be used to boost protein and fibre content in meat products. Europe plant protein market is another dominant market owing to the presence of Nestle and Roquette. Moreover, in December 2019, Roquette launched new plant-based proteins from peas and fava beans.

Plant Protein Market Drivers

Increasing Awareness Among Consumer Regarding Nutritional Benefits of Plant Protein

Increasing awareness among consumers regarding nutritional benefits of plant protein is a significant factor driving the plant protein market during the forecast period 2020-2025. Moreover, plant-based protein food sources are a great way to help with digestive balance as they contain healthy amount of fiber which reduces bowel movements and the risk of gut inflammation. In addition, out of many benefits, a recent 2016 study at the Academy of Nutrition and Dietetics confirmed that users consuming more plant-based nutrients have reduced the risk of chronic health issues and diseases including ischemic heart disease, type 2 diabetes, hypertension, cancer and obesity. Hence, these are the key factors driving the plant protein market in the upcoming years.

Cost-Effectiveness

Cost-effectiveness is a major factor driving the Plant Protein Market during the forecast period 2020-2025. Changing lifestyle along with the growing the health concern and hectic schedules of people around the world is further propelling the market. Furthermore, the wide acclamation in celebratory events and household occasion there is a demand for cakes and pastries at affordable prices which is further contributing to its market growth.

Plant Protein Market Challenges

Allery-Related to Plant Protein Foods

Some of the factors that may impede the growth of Plant Protein Market are the allergies related to plant protein foods during the forecast period 2020-2025. Moreover, they cause mineral deficiency, block protein digestion thereby restraining its market growth.

Plant Protein Market Industry Outlook

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Plant Protein Market. Plant Protein Market top 10 companies are Archer Daniel Midland Company, DuPont, Kerry Inc., Royal Avebe UA, Cargill, Glanbia, Puris, Emsland Group, Roquette and Batory Foods.

Developments

  • February 2020: Cargill launched plant-based patty and ground products which is considered as an important next step in bringing more protein options to retail stores, cafeterias, fast food outlets, restaurants and other global locations.

1. Plant Protein Market Overview
    1.1 Definitions and Scope
2. Plant Protein Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Source
    2.3 Key trends by Type
    2.4 Key trends by Application
    2.5 Key trends by Geography
3. Plant Protein Market – Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Plant Protein Market- Startup companies Scenario Premium Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Plant Protein Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Plant Protein Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Plant Protein Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Plant Protein Market – By Source (Market Size – $Million/$Billion)
    8.1 Soy
    8.2 Wheat
    8.3 Pea
    8.4 Others
9. Plant Protein Market – By Type (Market Size – $Million/$Billion)
    9.1 Isolates
    9.2 Concentrates
    9.3 Textured
10. Plant Protein Market – By Application (Market Size – $Million/$Billion)
    10.1 Food & Beverages
    10.2 Nutrition & Health Supplements
    10.3 Animal Feed
    10.4 Others
11. Plant Protein Market - By Geography (Market Size - $Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Plant Protein Market - Entropy
13. Plant Protein Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Country- Key companies
        13.1.4 Best Practices for Companies
14. Plant Protein Market – Key Company List by Country Premium Premium
15. Plant Protein Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Archer Daniel Midland Company
    15.3 DuPont
    15.4 Kerry Inc.,
    15.5 Royal Aveba UA
    15.6 Cargill
    15.7 Glanbia
    15.8 Puris
    15.9 Emsland Group
    15.10 Roquette
    15.11 Batory Foods
*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 ($M)
1.1 TOFU Market 2019-2024 ($M) - Global Industry Research
1.2 LENTILS Market 2019-2024 ($M) - Global Industry Research
1.3 CHICKPEAS Market 2019-2024 ($M) - Global Industry Research
1.4 PEANUTS Market 2019-2024 ($M) - Global Industry Research
1.5 ALMONDS Market 2019-2024 ($M) - Global Industry Research
2.Global PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
2.1 FRESH Market 2019-2024 ($M) - Global Industry Research
2.2 PROTEIN ISOLATE Market 2019-2024 ($M) - Global Industry Research
2.3 PROTEIN POWDER Market 2019-2024 ($M) - Global Industry Research
2.4 PROTEIN TABLETS Market 2019-2024 ($M) - Global Industry Research
2.5 PROTEIN BARS Market 2019-2024 ($M) - Global Industry Research
3.Global PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
3.1 ONLINE RETAIL Market 2019-2024 ($M) - Global Industry Research
3.2 SPECIALTY STORES Market 2019-2024 ($M) - Global Industry Research
3.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Global Industry Research
3.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Global Industry Research
4.Global PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 (Volume/Units)
4.1 TOFU Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 LENTILS Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 CHICKPEAS Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 PEANUTS Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 ALMONDS Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 (Volume/Units)
5.1 FRESH Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 PROTEIN ISOLATE Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 PROTEIN POWDER Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 PROTEIN TABLETS Market 2019-2024 (Volume/Units) - Global Industry Research
5.5 PROTEIN BARS Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units)
6.1 ONLINE RETAIL Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 SPECIALTY STORES Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 DEPARTMENTAL STORES Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 ($M)
7.1 TOFU Market 2019-2024 ($M) - Regional Industry Research
7.2 LENTILS Market 2019-2024 ($M) - Regional Industry Research
7.3 CHICKPEAS Market 2019-2024 ($M) - Regional Industry Research
7.4 PEANUTS Market 2019-2024 ($M) - Regional Industry Research
7.5 ALMONDS Market 2019-2024 ($M) - Regional Industry Research
8.North America PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
8.1 FRESH Market 2019-2024 ($M) - Regional Industry Research
8.2 PROTEIN ISOLATE Market 2019-2024 ($M) - Regional Industry Research
8.3 PROTEIN POWDER Market 2019-2024 ($M) - Regional Industry Research
8.4 PROTEIN TABLETS Market 2019-2024 ($M) - Regional Industry Research
8.5 PROTEIN BARS Market 2019-2024 ($M) - Regional Industry Research
9.North America PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
9.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
9.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
9.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
9.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
10.South America PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 ($M)
10.1 TOFU Market 2019-2024 ($M) - Regional Industry Research
10.2 LENTILS Market 2019-2024 ($M) - Regional Industry Research
10.3 CHICKPEAS Market 2019-2024 ($M) - Regional Industry Research
10.4 PEANUTS Market 2019-2024 ($M) - Regional Industry Research
10.5 ALMONDS Market 2019-2024 ($M) - Regional Industry Research
11.South America PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
11.1 FRESH Market 2019-2024 ($M) - Regional Industry Research
11.2 PROTEIN ISOLATE Market 2019-2024 ($M) - Regional Industry Research
11.3 PROTEIN POWDER Market 2019-2024 ($M) - Regional Industry Research
11.4 PROTEIN TABLETS Market 2019-2024 ($M) - Regional Industry Research
11.5 PROTEIN BARS Market 2019-2024 ($M) - Regional Industry Research
12.South America PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
12.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
12.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
12.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
12.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
13.Europe PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 ($M)
13.1 TOFU Market 2019-2024 ($M) - Regional Industry Research
13.2 LENTILS Market 2019-2024 ($M) - Regional Industry Research
13.3 CHICKPEAS Market 2019-2024 ($M) - Regional Industry Research
13.4 PEANUTS Market 2019-2024 ($M) - Regional Industry Research
13.5 ALMONDS Market 2019-2024 ($M) - Regional Industry Research
14.Europe PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
14.1 FRESH Market 2019-2024 ($M) - Regional Industry Research
14.2 PROTEIN ISOLATE Market 2019-2024 ($M) - Regional Industry Research
14.3 PROTEIN POWDER Market 2019-2024 ($M) - Regional Industry Research
14.4 PROTEIN TABLETS Market 2019-2024 ($M) - Regional Industry Research
14.5 PROTEIN BARS Market 2019-2024 ($M) - Regional Industry Research
15.Europe PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
15.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
15.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
15.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
15.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
16.APAC PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 ($M)
16.1 TOFU Market 2019-2024 ($M) - Regional Industry Research
16.2 LENTILS Market 2019-2024 ($M) - Regional Industry Research
16.3 CHICKPEAS Market 2019-2024 ($M) - Regional Industry Research
16.4 PEANUTS Market 2019-2024 ($M) - Regional Industry Research
16.5 ALMONDS Market 2019-2024 ($M) - Regional Industry Research
17.APAC PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
17.1 FRESH Market 2019-2024 ($M) - Regional Industry Research
17.2 PROTEIN ISOLATE Market 2019-2024 ($M) - Regional Industry Research
17.3 PROTEIN POWDER Market 2019-2024 ($M) - Regional Industry Research
17.4 PROTEIN TABLETS Market 2019-2024 ($M) - Regional Industry Research
17.5 PROTEIN BARS Market 2019-2024 ($M) - Regional Industry Research
18.APAC PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
18.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
18.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
18.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
18.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
19.MENA PLANT PROTEIN MARKET BY SOURCE Market 2019-2024 ($M)
19.1 TOFU Market 2019-2024 ($M) - Regional Industry Research
19.2 LENTILS Market 2019-2024 ($M) - Regional Industry Research
19.3 CHICKPEAS Market 2019-2024 ($M) - Regional Industry Research
19.4 PEANUTS Market 2019-2024 ($M) - Regional Industry Research
19.5 ALMONDS Market 2019-2024 ($M) - Regional Industry Research
20.MENA PLANT PROTEIN MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
20.1 FRESH Market 2019-2024 ($M) - Regional Industry Research
20.2 PROTEIN ISOLATE Market 2019-2024 ($M) - Regional Industry Research
20.3 PROTEIN POWDER Market 2019-2024 ($M) - Regional Industry Research
20.4 PROTEIN TABLETS Market 2019-2024 ($M) - Regional Industry Research
20.5 PROTEIN BARS Market 2019-2024 ($M) - Regional Industry Research
21.MENA PLANT PROTEIN MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
21.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
21.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
21.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
21.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Plant Protein Market Revenue, 2019-2024 ($M)
2.Canada Plant Protein Market Revenue, 2019-2024 ($M)
3.Mexico Plant Protein Market Revenue, 2019-2024 ($M)
4.Brazil Plant Protein Market Revenue, 2019-2024 ($M)
5.Argentina Plant Protein Market Revenue, 2019-2024 ($M)
6.Peru Plant Protein Market Revenue, 2019-2024 ($M)
7.Colombia Plant Protein Market Revenue, 2019-2024 ($M)
8.Chile Plant Protein Market Revenue, 2019-2024 ($M)
9.Rest of South America Plant Protein Market Revenue, 2019-2024 ($M)
10.UK Plant Protein Market Revenue, 2019-2024 ($M)
11.Germany Plant Protein Market Revenue, 2019-2024 ($M)
12.France Plant Protein Market Revenue, 2019-2024 ($M)
13.Italy Plant Protein Market Revenue, 2019-2024 ($M)
14.Spain Plant Protein Market Revenue, 2019-2024 ($M)
15.Rest of Europe Plant Protein Market Revenue, 2019-2024 ($M)
16.China Plant Protein Market Revenue, 2019-2024 ($M)
17.India Plant Protein Market Revenue, 2019-2024 ($M)
18.Japan Plant Protein Market Revenue, 2019-2024 ($M)
19.South Korea Plant Protein Market Revenue, 2019-2024 ($M)
20.South Africa Plant Protein Market Revenue, 2019-2024 ($M)
21.North America Plant Protein By Application
22.South America Plant Protein By Application
23.Europe Plant Protein By Application
24.APAC Plant Protein By Application
25.MENA Plant Protein By Application
26.KERRY INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.RELIANCE PRIVATE LABEL SUPPLEMENTS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.CHETRANS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.MSM RETAIL PVT LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.LENTEIN, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BS FOOD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.YOGABARS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.NAKED NUTRITION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.JARROW FORMULAS INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.TWINLAB CONSOLIDATED CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)