Plant Proteins

Global Plant Proteins Market to Reach US$17.5 Billion by 2030

The global market for Plant Proteins estimated at US$13.0 Billion in the year 2024, is expected to reach US$17.5 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2024-2030. Soy Protein, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$13.1 Billion by the end of the analysis period. Growth in the Wheat Protein segment is estimated at 3.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 9.0% CAGR

The Plant Proteins market in the U.S. is estimated at US$3.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2030 trailing a CAGR of 9.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Global Plant Proteins Market - Key Trends and Drivers Summarized

Fueling the Future: The Rise of Plant Proteins

Plant proteins are proteins derived from plant sources, providing a sustainable and nutritious alternative to animal-based proteins. These proteins are extracted from various plants, including soy, peas, rice, hemp, and legumes, through processes such as milling, soaking, and fermentation. Soy protein, one of the most common plant proteins, is extracted from soybeans and is highly valued for its complete amino acid profile. Pea protein, derived from yellow split peas, is known for its high digestibility and allergen-friendly properties. Other sources like rice and hemp are also gaining popularity due to their unique nutritional benefits and versatility in food applications. The extraction and processing of plant proteins aim to retain their nutritional integrity while enhancing their functional properties for use in a wide range of food products.

How Are Plant Proteins Utilized in the Food Industry?

Plant proteins have become integral to the food industry, addressing the growing demand for healthy, sustainable, and ethical food options. They are widely used in the production of meat substitutes, such as plant-based burgers, sausages, and nuggets, which mimic the texture and taste of meat while offering a healthier alternative. Dairy alternatives, including plant-based milk, yogurt, and cheese, also rely heavily on plant proteins to provide the desired texture and nutritional profile. Additionally, plant proteins are incorporated into protein bars, shakes, and supplements, catering to the health-conscious and fitness markets. The versatility of plant proteins allows them to be used in baked goods, snacks, and cereals, enhancing their protein content and appeal to consumers seeking plant-based nutrition. The food industry`s innovation in formulating diverse and palatable plant protein products has significantly contributed to the mainstream acceptance and popularity of these proteins.

What Are the Current Trends in Plant Protein Research and Development?

The plant protein sector is experiencing rapid advancements and innovation, driven by ongoing research and development. One prominent trend is the focus on improving the taste and texture of plant-based products to more closely resemble animal proteins, addressing a critical barrier to consumer adoption. Biotechnology and food science advancements are enabling the development of novel plant protein sources, such as algae and insect-derived proteins, which offer unique nutritional profiles and environmental benefits. Another trend is the exploration of protein blends, combining different plant proteins to achieve a complete amino acid profile and enhanced functional properties. Sustainability is a key focus, with researchers working on more efficient and environmentally friendly methods of protein extraction and production. The rise of personalized nutrition is also influencing plant protein development, with products tailored to meet specific dietary needs and preferences. These trends reflect the dynamic and evolving nature of the plant protein industry, aiming to meet the diverse and changing demands of consumers.

What Factors Are Driving the Growth in the Plant Proteins Market?

The growth in the plant proteins market is driven by several factors, reflecting the increasing demand for sustainable and health-conscious food options. Rising consumer awareness of the environmental and health impacts of animal agriculture is a significant driver, prompting a shift towards plant-based diets. Technological advancements in food processing and biotechnology are enhancing the quality and variety of plant protein products, making them more appealing and accessible to a broader audience. The expansion of the vegan and vegetarian populations, along with the growing interest in flexitarian diets, is also fueling market growth. Regulatory support and initiatives promoting sustainable food systems are encouraging the development and adoption of plant proteins. Additionally, the increasing prevalence of food allergies and intolerances is driving demand for allergen-friendly protein sources, further boosting the market. These factors collectively ensure robust growth in the plant proteins market, highlighting their critical role in shaping the future of food and nutrition.

SCOPE OF STUDY:

The report analyzes the Plant Proteins market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Source (Soy Protein, Wheat Protein, Pea Protein, Other Sources); Type (Concentrates, Isolates, Textured); Form (Dry, Liquid); Application (Food, Feed)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 14 Featured) -

• Axiom Foods, Inc.
• Cargill, Inc.
• Cosucra Groupe Warcoing SA
• Dow, Inc.
• DuPont de Nemours, Inc.
• Ezaki Glico Co., Ltd.
• Farbest Brands
• Glanbia PLC
• Glico Nutrition Co., Ltd.
• Growing Naturals, LLC.
• Kerry Group PLC
• Norben Company Inc.
• Now Foods
• Pinnacle Foods, Inc.
• Roquette
• Shandong Jianyuan Foods Co., Ltd.
• The Scoular Company
• Yantai Shuangta Food Co., Ltd.
• A&B Ingredients
• Agridient
• Ajinomoto Co., Inc.
• Amway Corporation
• Archer Daniels Midland Company

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.