Plant Based Protein Market Size, Trends, Key Players, Share and Forecast 2023-2028

Plant-based protein refers to protein sources that come from plants, such as legumes, nuts, seeds, and grains. Unlike animal protein sources, plant-based protein sources are typically low in saturated fat and cholesterol and high in fiber, vitamins, and minerals. Plant-based protein sources include tofu, tempeh, lentils, chickpeas, almonds, quinoa, and chia seeds.

The global plant-based protein market is expected to exhibit a growth rate (CAGR) of 7.4% during 2023-2028.

These protein sources can be incorporated into a variety of dishes and meal plans to ensure adequate protein intake for individuals following a vegetarian or vegan diet or those considering reducing their intake of animal products. Additionally, plant-based protein sources have been associated with various health benefits, including a lower risk of chronic diseases, such as heart disease, diabetes, and certain types of cancer.

Request For a Free PDF Sample Report:

Plant Based Protein Market Trends:

The increasing inclination toward health and wellness represents a key factor driving the market growth as plant-based proteins are perceived to be healthier than animal-based products. In line with this, plant-based protein sources are low in saturated fat, cholesterol, and calories, and higher in fiber, vitamins, and minerals, which is also facilitating their demand. Apart from this, rising environmental consciousness, coupled with increasing animal welfare concerns are contributing to the market growth. In addition to this, the advancements in technology have enabled the development of better plant-based protein products that imitate the taste and texture of animal-based products, thus making them more appealing to consumers. This, in turn, is acting as another major growth-inducing factor.

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Plant Based Protein Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the plant-based protein market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • AGT Food and Ingredients
  • Archer-Daniels-Midland Company
  • Axiom Foods Inc.
  • Cargill Incorporated
  • Dupont De Nemours Inc.
  • Glanbia plc
  • Ingredion Incorporated
  • Kerry Group plc
  • Koninklijke DSM N.V.
  • Roquette Frères
  • Tate & Lyle PLC
  • The Scoular Company
  • Wilmar International Limited.

Key Market Segmentation:

The report has categorized the market based on source, type, nature, application and regiion.

Breakup by Source:

  • Soy
  • Wheat
  • Pea
  • Others

Breakup by Type:

  • Concentrates
  • Isolates
  • Textured

Breakup by Nature:

  • Conventional
  • Organic

Breakup by Application:

  • Food
    • Meat Alternatives
    • Dairy Alternatives
    • Bakery Products
    • Performance Nutrition
    • Convenience Foods
    • Others
  • Feed

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Plant Based Protein Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Source
    6.1    Soy
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Wheat
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Pea
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Type
    7.1    Concentrates
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Isolates
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Textured
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Nature
    8.1    Conventional
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Organic
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Application
    9.1    Food
        9.1.1 Market Trends
        9.1.2 Key Segments
  Meat Alternatives
  Dairy Alternatives
  Bakery Products
  Performance Nutrition
  Convenience Foods
        9.1.3 Market Forecast
    9.2    Feed
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
  Market Trends
  Market Forecast
        10.1.2 Canada
  Market Trends
  Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
  Market Trends
  Market Forecast
        10.2.2 Japan
  Market Trends
  Market Forecast
        10.2.3 India
  Market Trends
  Market Forecast
        10.2.4 South Korea
  Market Trends
  Market Forecast
        10.2.5 Australia
  Market Trends
  Market Forecast
        10.2.6 Indonesia
  Market Trends
  Market Forecast
        10.2.7 Others
  Market Trends
  Market Forecast
    10.3    Europe
        10.3.1 Germany
  Market Trends
  Market Forecast
        10.3.2 France
  Market Trends
  Market Forecast
        10.3.3 United Kingdom
  Market Trends
  Market Forecast
        10.3.4 Italy
  Market Trends
  Market Forecast
        10.3.5 Spain
  Market Trends
  Market Forecast
        10.3.6 Russia
  Market Trends
  Market Forecast
        10.3.7 Others
  Market Trends
  Market Forecast
    10.4    Latin America
        10.4.1 Brazil
  Market Trends
  Market Forecast
        10.4.2 Mexico
  Market Trends
  Market Forecast
        10.4.3 Others
  Market Trends
  Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AGT Food and Ingredients
  Company Overview
  Product Portfolio
        15.3.2    Archer-Daniels-Midland Company
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.3    Axiom Foods Inc.
  Company Overview
  Product Portfolio
        15.3.4    Cargill Incorporated
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.5    Dupont De Nemours Inc.
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.6    Glanbia plc
  Company Overview
  Product Portfolio
        15.3.7    Ingredion Incorporated
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.8    Kerry Group plc
  Company Overview
  Product Portfolio
        15.3.9    Koninklijke DSM N.V.
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.10    Roquette Frères
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.11    Tate & Lyle PLC
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.12    The Scoular Company
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.13    Wilmar International Limited
  Company Overview
  Product Portfolio
  SWOT Analysis

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:


134 N 4th St.

Brooklyn, NY 11249, USA


Tel No:(D) +91 120 433 0800

Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800