Market Overview
Global Plant Based Protein Market is expected to reach USD 10,892.3 million by 2022 supported by a CAGR of 6.7% during the forecast period of 2017 to 2022. The market is mainly driven by increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumers’ focus on meat alternatives, rising demand from food & beverage industry, and various advancements in ingredient technologies such as microencapsulation. However, significant preference to animal based protein and fluctuating raw material prices hampers the growth of this market to some extent.
Market Segmentation
The global plant based protein market is mainly segmented by type (soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, and others), and by application (food and beverages, animal feed, nutrition and health supplements, pharmaceuticals, and others).
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Geographic Overview
Geographically, the global plant based protein market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further study at a country level with the detailed qualitative and quantitative study. North America accounted for the major share in the global plant based protein market in 2016, followed by Europe, and Asia-Pacific. The major share of the North American region is mainly attributed to the well established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend. However, Asia-Pacific region is expected to grow at a rapid pace mainly due to the increasing protein rich diet awareness, increasing health consciousness, booming food & beverages industry, growing economy, rapid urbanization, and large base of vegan population.
Key players
The key players in the global plant based protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Freres Le Romarin (France), Ingredion Inc. (U.S.), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (U.S.), NOW Foods (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), AMCO Proteins (U.S.), Burcon Nutrascience Corporation (Canada), Beneo GmbH (Germany), Glico Nutrition Co., Ltd. (Japan), Glanbia plc. (Ireland), Corbion NV (the Netherland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).
Scope of the Report
Market by Type
- Soy Protein
- Soy Protein Concentrates
- Soy Protein Isolate
- Textured Soy Protein
- Soy Flour, Grits, Chunks
- Wheat Protein
- Vital Wheat Gluten
- Wheat Protein Isolate
- Hydrolyzed Wheat Protein
- Textured Wheat Protein
- Pea Protein
- Pea Protein Isolate
- Pea Protein Concentrate
- Others
- Canola Protein
- Potato Protein
- Rice Protein
- Corn Protein
- Others
Market by Application
- Food & Beverages
- Meat, Poultry, & Seafood
- Bakery
- Meat Analogue
- Dairy & Dairy Alternatives
- Cereals & Snacks
- Beverages
- Others
- Animal Feed
- Nutrition & Health Supplements
- Pharmaceuticals
- Others
Market by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Rest of World
- Latin America
- Middle East and Africa
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Key questions answered in the report-
Which are the high growth market segments in terms of type, application, and regions/countries?
What is the historical market for plant based protein across the globe?
What are the market forecasts and estimates from the period 2015-2022?
What are the major drivers, restrains, opportunities, and challenges in the global plant based protein market?
Who are the major players in the global plant based protein market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global plant based protein market?
What are the recent developments in the global plant based protein market?
What are the different strategies adopted by the major players in the global plant based protein market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global plant based protein market and how do they compete with the global players?