Analysis of Plant Protein Ingredients Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global plant protein ingredients market is valued at US$ 6 billion in 2023 and is expected to reach US$ 11 billion by 2033-end. Global demand for plant protein ingredients is predicted to increase at a CAGR of 6.2% from 2023 to 2033.
A wide range of nutritional and functional food products include plant-based protein isolates because of their excellent nutritional value. Plant-based protein isolates are usually regarded as the safest type of plant-based protein and are used extensively in infant diets since they are more easily digested. Protein fortification is gaining traction among consumers. Protein is soaring in popularity as it is a sought-after addition to food and beverages notably for the weight management and sports nutrition segments of the market.
The rising trend of veganism is driving high demand for plant protein ingredients. The proliferation of the vegan population across developed countries has surged the demand for plant protein ingredients over dairy-based protein ingredients.
Plant protein ingredients include extracts made from sources such as rice, pea, wheat, corn, and wheat protein. They serve as substitutes for animal-based protein in vegan diets. The product is a good source of antioxidants and phytonutrients. Plant protein ingredients contain fiber, which aids in maintaining a healthy digestive system. Increasing health consciousness has caused a surge in the demand for nutrient-dense food, which may boost market expansion. The rising consumer spending on plant protein ingredients is driving market growth.
A majority of plant protein ingredients are free of lactose, and dairy, and have very little fat. Plant protein is an ingredient that has a wide range of uses in the food and beverage industries and offers a variety of health benefits. Growing consumer awareness of the health benefits of plant protein ingredients, changing consumer eating habits, rising consumption of functional foods and beverages, and the prevalence of supportive government initiatives are some of the most important factors that will accelerate market expansion.
Increasing risk of livestock diseases is boosting market expansion. The market for plant protein ingredients will rise as a result of a rise in R&D initiatives, product launches, and consumer preferences for plant-based protein sources that help people stay healthy.
Plant Protein Ingredients Market Size (2023)
US$ 6 Billion
Projected Market Value (2033)
US$ 11 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of Pea Protein
Key Companies Profiled
“Rapid Adoption of Plant Protein Ingredients Due to Their Several Health Benefits”
The use of plant protein ingredients has numerous health advantages. In comparison to animal protein, a plant protein ingredient contains low-essential amino acids.
A significant source of protein for one's regular diet is provided by plant protein, whether it is consumed organically or conventionally. Even for animal feed, plant protein serves as a great ingredient. The demand for plant protein ingredients, particularly in the food and feed industries, may be driven by the health benefits associated with these products.
“High Demand for Meat Substitutes Due to Environmental & Health Concerns”
The market is expanding as a result of rising demand for meat substitutes due to environmental and health concerns, improvements in food technology and product innovation, and rising consumer awareness and accessibility of plant-based products.
Compared to animal-based protein, plant protein ingredients are more environmentally friendly and sustainable, and as a result, they are crucial in tackling issues, including food security & climate change and lowering environmental impact.
“Increasing Preference for Healthier & Premium Foods”
The market is projected to expand more quickly due to rapidly changing lifestyles and rising demand for convenience foods. Also, consumers' preferences for natural and organic products are growing, which is predicted to drive market demand over the coming years.
Since consumers are increasingly choosing healthier and premium options made with natural ingredients, it is predicted that the trend of consuming natural energy foods will continue to grow rapidly.
“Growing Concerns about Lactose Intolerance in Infants”
Manufacturers of plant protein ingredients across the globe are introducing new developments in infant formulas. Market players are channelizing efforts in research and using advanced technologies to develop nutritional formulas for infants that are rich in protein. Rising concerns about lactose intolerance in infants are boosting the demand for plant protein ingredients.
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“Volatility in Raw Material Supply and High Prices of Plant-based Protein Products”
The market for plant protein ingredients is hampering due to volatility in the raw material supply. The main barriers to market growth are a lack of knowledge about plant protein ingredient advantages and allergies caused by eating soy protein. Pricing trends indicate that the high price of plant-based protein products is expected to limit market expansion.
“Rapidly Rising Popularity of Veganism in North America”
The market for plant protein ingredients is dominated by North America because of the rising popularity of veganism among consumers, the growing consumption of healthy foods and beverages, and the presence of top producers of plant protein ingredients.
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“High Demand for Animal Protein Alternatives in the United States”
Market growth in the United States is attributed to the increasing millennial preferences for high-nutritional food options, the growing geriatric population, and the rising need for animal protein alternatives. High demand for soy protein, a wide consumer base, and a flourishing food industry are the factors stimulating market revenue in the country.
“Increasing Government Efforts to Promote Plant Protein Ingredients”
Increasing government efforts to promote plant protein ingredients and changing dietary preferences due to the rising prevalence of health issues are supporting market expansion in Germany. A rise in the local supply of dietary supplements, hectic schedules, and growing acceptance of plant-based products are boosting market value.
“Rise in Dry Pea and Wheat Production across Japan”
The market in Japan is driven by increased consumer spending on health and wellness, a rise in dry pea and wheat production, and rising incidences of obesity. Easy raw material accessibility, low-cost labor, and an increase in sports and fitness activities are driving market growth in the country.
“Pea Protein Gaining Traction Due to its High Fiber Properties”
By product type, the market is segmented into soy protein, wheat protein, pea protein, rice protein, potato protein, and others.
Pea protein has gathered significant momentum in the market due to its high fiber properties. Pea protein has a higher nutritional value as compared to other plant-based protein ingredients.
The preferred source of protein for athletes and health buffs is pea protein. A fantastic source of plant-based protein, pea protein powder is created by grinding dried peas into a fine powder.
Pea protein is low in fat and high in fiber, making it a great option for people trying to increase their intake of both nutrients. Pea protein is also free of gluten and simple to digest, making it an excellent option for people who have food allergies or sensitivities.
Being a sustainable and healthful source of protein, pea protein has grown in popularity recently. Pea protein is much more environmentally friendly to generate than animal-based protein because it comes from plants.
“Increasing Athletic and Sports Events Driving Adoption of Plant Protein Ingredients in Sports Nutrition”
Based on application, the market is divided into sports nutrition, clinical nutrition, infant nutrition, bakery & confectionary, fortified food & beverages, and others. The use of plant protein ingredients in the sports nutrition sector is projected to increase over the forecast period.
Sports athletes participating in vigorous aerobic and anaerobic activities require greater amounts of protein, which has prompted the adoption of protein in their daily diet. Athletes are favoring plant protein as a substitute for meat products. An increase in athletic and sports events driving the demand for plant protein ingredients.
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Leading companies are focusing on quality control, supply chain management, and expanding their production capacities following safety regulations. Major market participants are maintaining product standards to meet the growing demand for plant protein ingredients.
Top plant protein ingredient producers are improving the nutritional value of products. To enhance their commercial capabilities and operational efficiencies, they are engaging in research and development efforts.
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Worldwide consumption of plant protein ingredients stands at a market value of US$ 6 billion in 2023.
The global plant protein ingredients market is estimated to reach US$ 11 billion by 2033.
Kerry Group, AMCO Proteins, and The Scoular Company are leading providers of plant protein ingredients.
Currently, pea protein holds 50% share of the global market.
The market for plant protein ingredients is forecasted to rise at a CAGR of 6.2% through 2033.
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