[Latest] Global Plant Based Protein Market Size/Share Worth USD 23.82 Billion by 2033 at a 5.4% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

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[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Plant Based Protein Market size & share revenue was valued at approximately USD 14.08 Billion in 2023 and is expected to reach USD 14.84 Billion in 2024 and is expected to reach around USD 23.82 Billion by 2033, at a CAGR of 5.4% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are ADM, AGT Food & Ingredients Inc., AMCO Proteins, Aminola , Archer Daniels Midland Co., Australian Plant Proteins Pty Ltd, Axiom Foods Inc , BENEO GmbH , Burcon Nutrascience Corporation, Cargill Incorporation, CHS Inc., Corbion Tate & Lyle Plc., COSUCRA, DSM , E.I. du Pont de Nemours & Co., Emsland Group, ETChem , European Protein A/S, Glanbia Plc., Ingredion Inc., International Flavors & Fragrances Inc. , Kerry Group PLC.

Austin, TX, USA, May 16, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Plant Based Protein Market Size, Trends and Insights By Product Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Corn Protein, Others (Quinoa, Hemp, Chia, etc.)), By Application (Food & beverages, Meat Alternatives, Dairy Alternatives, Bakery Products, Performance Nutrition, Convenience Foods, Animal Feed, Other), By Form (Isolates, Concentrates, Textured, Others (Flour, Protein Crisps, etc.)), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Specialty Stores, Others (Health Stores, Pharmacies, etc.)), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 in its research database.

“According to the latest research study, the demand of global Plant Based Protein Market size & share was valued at approximately USD 14.08 Billion in 2023 and is expected to reach USD 14.84 Billion in 2024 and is expected to reach a value of around USD 23.82 Billion by 2033, at a compound annual growth rate (CAGR) of about 5.4% during the forecast period 2024 to 2033.”

Click Here to Access a Free Sample Report of the Global Plant Based Protein Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=45350

Plant-based Protein Market: Overview

The Plant Based Protein Market has seen significant growth in recent years, driven by various factors such as increasing health consciousness among consumers, environmental sustainability concerns, and advancements in food technology. Plant-based proteins, derived from sources like soy, wheat, pea, rice, and potatoes, offer nutritional benefits and are being increasingly adopted as healthier alternatives to animal-based proteins.

One of the key drivers for the plant-based protein market is the growing awareness of health and wellness among consumers. With rising concerns about chronic diseases like obesity and heart ailments, individuals are seeking healthier dietary options.

Plant-based proteins, with their lower saturated fat content, reduced cholesterol levels, and higher fiber content, are perceived as healthier alternatives to animal-based proteins. Endorsements from organizations like the World Health Organization and the American Heart Association further reinforce the benefits of plant-based diets in reducing the risk of diseases.

Environmental sustainability concerns also drive the growth of the plant-based protein market. Livestock farming, a major source of animal-based proteins, contributes significantly to greenhouse gas emissions, deforestation, and water pollution. As awareness about these environmental impacts increases, consumers are shifting towards plant-based diets as a more sustainable alternative. Initiatives like the Paris Agreement and Sustainable Development Goals further promote sustainable food systems, driving the adoption of plant-based proteins.

However, the market faces some challenges, including cost barriers and taste and texture concerns. Plant-based products often come with a higher price tag compared to animal-based counterparts due to factors like production processes and availability of raw materials. This cost differential may deter price-conscious consumers, especially in regions with lower purchasing power.

Additionally, taste and texture challenges associated with plant-based meat substitutes pose a barrier to mainstream adoption. Despite advancements in food technology, achieving an exact replication of meat’s taste and texture remains a challenge.

Despite these challenges, there are ample opportunities for market growth. Increasing health and wellness trends drive demand for plant-based protein sources as healthier alternatives to animal products. Concerns about obesity and other health issues related to excessive meat consumption propel this shift towards plant-based diets. Furthermore, innovation and product development in food technology have led to a diverse range of plant-based protein products that closely mimic the taste, texture, and nutritional profile of meat and dairy products.

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Expansion in retail and food service channels also contributes to market growth. Major food retailers and restaurant chains are incorporating plant-based options into their menus to cater to the rising demand from vegan, vegetarian, and flexitarian consumers. This expanding availability of plant-based protein products in retail stores and food service outlets indicates significant opportunities for market expansion.

Regionally, North America leads the plant-based protein market, driven by factors like health consciousness, environmental concerns, and dietary preferences. The region benefits from a mature market infrastructure, robust distribution networks, and supportive regulatory environments. Additionally, initiatives promoting sustainability and animal welfare further fuel market growth in North America.

In terms of market segmentation, plant-based protein products are categorized based on product type, application, form, and distribution channels. Soy protein holds the highest market share among product types, followed by pea protein, which has experienced rapid growth in recent years. In applications, food and beverages represent the largest market segment, with meat alternatives witnessing significant growth due to the rising demand for plant-based protein sources.

Isolates are the most preferred form of plant-based protein, known for their purity and versatility in formulation. Hypermarkets and supermarkets are the leading distribution channels for plant-based protein products, offering convenience and accessibility to a wide consumer base.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 14.84 Billion
Projected Market Size in 2033 USD 23.82 Billion
Market Size in 2023 USD 14.08 Billion
CAGR Growth Rate 5.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product Type, Application, Form, Distribution Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Plant Based Protein report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Plant Based Protein report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed Plant-based Protein market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Plant-based Protein industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players ate studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

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Key questions answered in this report:

  • What is the size of the Plant Based Protein market and what is its expected growth rate?
  • What are the primary driving factors that push the Plant Based Protein market forward?
  • What are the Plant Based Protein Industry’s top companies?
  • What are the different categories that the Plant Based Protein Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Plant Based Protein market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2024−2033
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Plant Based Protein Market: Regional Analysis

North America held the highest market share of 37.45% in 2022 and is expected to keep its dominance during the forecast period. The United States and Canada have witnessed a surge in demand for plant-based protein products driven by factors such as health consciousness, environmental concerns, and dietary preferences.

North America has a mature market for plant-based protein products, with a well- established infrastructure and consumer base. The region is a hub for food innovation and technology, with numerous startups and established companies continuously introducing new plant-based products to meet consumer demand.

Additionally, initiatives promoting sustainability and animal welfare have further fuelled the growth of the market in this region. The region benefits from robust distribution networks, ensuring widespread availability of plant-based protein products across various retail channels.

The regulatory environment in North America is conducive to the growth of plant-based protein market, with government initiatives promoting sustainability and healthy eating habits. North America is also home to several key players in the plant-based protein industry, contributing to its leadership position.

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Browse the full Plant Based Protein Market Size, Trends and Insights By Product Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Corn Protein, Others (Quinoa, Hemp, Chia, etc.)), By Application (Food & beverages, Meat Alternatives, Dairy Alternatives, Bakery Products, Performance Nutrition, Convenience Foods, Animal Feed, Other), By Form (Isolates, Concentrates, Textured, Others (Flour, Protein Crisps, etc.)), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Specialty Stores, Others (Health Stores, Pharmacies, etc.)), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Report at https://www.custommarketinsights.com/report/plant-based-protein-market/

List of the prominent players in the Plant Based Protein Market:

  • ADM
  • AGT Food & Ingredients Inc.
  • AMCO Proteins
  • Aminola
  • Archer Daniels Midland Co.
  • Australian Plant Proteins Pty Ltd
  • Axiom Foods Inc
  • BENEO GmbH
  • Burcon Nutrascience Corporation
  • Cargill Incorporation
  • CHS Inc.
  • Corbion Tate & Lyle Plc.
  • COSUCRA
  • DSM
  • I. du Pont de Nemours & Co.
  • Emsland Group
  • ETChem
  • European Protein A/S
  • Glanbia Plc.
  • Ingredion Inc.
  • International Flavors & Fragrances Inc.
  • Kerry Group PLC
  • MycoTechnology
  • Now Food
  • Nutraferma Inc.
  • PURIS
  • ROEON
  • Roquette Freres
  • Royal Avebe UA
  • Shandong Jianyuan group
  • SOTEXPRO
  • Tate & Lyle
  • The Green Labs LLC.
  • Wilmar International Ltd.
  • Others

These key players are adopting various organic and inorganic growth strategies such as M&A, joint ventures, collaborations, strategic alliances, expansion, and new product launches among others to increase their revenues and business operations.

Click Here to Access a Free Sample Report of the Global Plant Based Protein Market @ https://www.custommarketinsights.com/report/plant-based-protein-market/

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The Plant Based Protein Market is segmented as follows:

By Product Type

  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein
  • Potato Protein
  • Corn Protein
  • Others (Quinoa, Hemp, Chia, etc.)

By Application

  • Food & beverages
  • Meat Alternatives
  • Dairy Alternatives
  • Bakery Products
  • Performance Nutrition
  • Convenience Foods
  • Animal Feed
  • Other

By Form

  • Isolates
  • Concentrates
  • Textured
  • Others (Flour, Protein Crisps, etc.)

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail
  • Specialty Stores
  • Others (Health Stores, Pharmacies, etc.)

Click Here to Get a Free Sample Report of the Global Plant Based Protein Market @ https://www.custommarketinsights.com/report/plant-based-protein-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Plant Based Protein Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Plant Based Protein Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Plant Based Protein Market? What Was the Capacity, Production Value, Cost and PROFIT of the Plant Based Protein Market?
  • What Is the Current Market Status of the Plant Based Protein Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Plant Based Protein Market by Considering Applications and Types?
  • What Are Projections of the Global Plant Based Protein Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Plant Based Protein Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Plant Based Protein Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Plant Based Protein Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Plant Based Protein Industry?

Click Here to Access a Free Sample Report of the Global Plant Based Protein Market @ https://www.custommarketinsights.com/report/plant-based-protein-market/

Reasons to Purchase Plant Based Protein Market Report

  • Plant Based Protein Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Plant Based Protein Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Plant Based Protein Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Plant Based Protein Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Plant Based Protein market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Plant Based Protein Research Report | Fast Delivery Available – [220+ Pages] @  https://www.custommarketinsights.com/report/plant-based-protein-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Plant Based Protein market analysis.
  • The competitive environment of current and potential participants in the Plant Based Protein market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Plant Based Protein market should find this report useful. The research will be useful to all market participants in the Plant Based Protein industry.
  • Managers in the Plant Based Protein sector are interested in publishing up-to-date and projected data about the worldwide Plant Based Protein market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Plant Based Protein products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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