Global Vegetable Protein Market Growth 2023-2029

Global Vegetable Protein Market Growth 2023-2029

Vegetable protein refers to the proteins extracted from plants like soybean, wheat, rice, pea, etc. The protein is an important component of human cells, consisting of monomers called amino acids. Vegetable protein is an alternative to animal protein and it can be absorbed easily. Protein is important to human body. Most people require about 0.8 grams of protein per kilogram of body weight, or about 58 grams of protein per day for a 160-pound adult.

The difference between the animal protein and vegetable protein lies in the amino acid content. Animal proteins are called complete proteins because they contain all essential amino acids. Animal protein has the amino acids that the body is unable to synthesize and must be included in the diet to allow for the proper conduct of protein synthesis. Vegetable protein composition does not provide all the amino acids. Unlike animal proteins, vegetable proteins are low in fat and produce nitrogenous waste, which is the waste products of proteins, which should be less harmful to avoid overloading the kidneys.

LPI (LP Information)' newest research report, the “Vegetable Protein Industry Forecast” looks at past sales and reviews total world Vegetable Protein sales in 2022, providing a comprehensive analysis by region and market sector of projected Vegetable Protein sales for 2023 through 2029. With Vegetable Protein sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vegetable Protein industry.

This Insight Report provides a comprehensive analysis of the global Vegetable Protein landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vegetable Protein portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vegetable Protein market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vegetable Protein and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vegetable Protein.

The global Vegetable Protein market size is projected to grow from US$ 14170 million in 2022 to US$ 31180 million in 2029; it is expected to grow at a CAGR of 31180 from 2023 to 2029.

Global Vegetable Protein key players include Danisco(DuPont), ADM, CHS, Manildra Group, Gushen Biological, etc. Global top five manufacturers hold a share over 30%.

China is the largest market, with a share over 35%, followed by North America and Europe, both have a share about 50%.

In terms of product, Wheat Protein is the largest segment, with a share over 40%. And in terms of application, the largest application is Feed, followed by Bakery Food Ingredients, Nutrition Health Care Products, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Vegetable Protein market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Wheat Protein

Soy Protein Concentrate

Soy Protein Isolate

Textured Soy Protein

Pea Protein

Segmentation by application

Feed

Bakery Food Ingredients

Nutrition Health Care Products

Meat Substitutes

Beverage

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

DuPont

ADM

CHS

Manildra Group

Roquette

Midwest Grain

CropEnergies

Tereos Syral

Showa Sangyo

Fuji Oil

Cargill

Cosucra

Nisshin Oillio

Tate & Lyle

World Food Processing

Topagri

Gushen Biological

Shansong Biological

Tianguan

Yuwang Group

Scents Holdings

Chinalotus

Goldensea Industry

Sinoglory Health Food

Shuangta Food

Harbin Hi-tech Soybean

Fiber Source Biological Engineering

Oriental Protein Tech

Wonderful Industrial Group

Tianjing Plant Albumen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vegetable Protein market?

What factors are driving Vegetable Protein market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vegetable Protein market opportunities vary by end market size?

How does Vegetable Protein break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.