Plant-based Protein Market Report on the Untapped Growth Opportunities in the Industry

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plant-based Protein Market- by Source (Soy, Wheat, Pea, and Others), Type (Isolates, Concentrates, and Textured), Form (Dry and Liquid), Deployment Mode (Foods and Beverage, Animal Feed, Nutrition and Health Supplements, and Pharmaceuticals), Trends, Industry Competition Analysis, Revenue and Forecast To 2034"

According to the latest research by InsightAce Analytic, the global Plant-based Protein Market Size is valued at USD 15.0 Billion in 2024 and is predicted to reach USD 29.8 Billion by the year 2034 at an 7.2% CAGR during the forecast period for 2025-2034.

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Proteins are fundamental nutrients essential to human health, playing a key role in the formation of enzymes, hormones, and other vital biological compounds. They form the structural basis of muscles, skin, blood, bones, and cartilage. Plant-based proteins, derived from sources like soy, peas, wheat, and other legumes or grains, have emerged as sustainable and nutritious alternatives to animal-based proteins. These proteins are processed and incorporated into a wide range of food and beverage products, as well as animal feed.

The market for plant-based proteins is expanding as a result of factors including an increase in the number of health-conscious consumers, an increase in the number of consumers who are lactose intolerant, increased consumer awareness of the advantages of plant-based proteins, investments and collaborations in the industry, and an expanding number of applications for plant-based proteins. Another factor anticipated to help the market's revenue growth is the nutraceuticals sector's rapid expansion.

North America is anticipated to be the major contributor to the plant-based protein market over the forecast years. Because of the industry's fast growth and surge in food manufacturers. Since Canada is the world's top producer and exporter of peas, food producers have the chance to buy peas at a constant price and use them to make pea protein. The United States is also the world's second-largest producer of soybeans, which has significantly increased demand for them as a substitute protein source. In addition, the Europe plant-based protein market is expected to grow considerably during the forecast period. The rapid expansion of food producers with a reliable and sustainable supply chain is anticipated to fuel market expansion. The market in the region is also anticipated to see revenue growth due to growing awareness of healthy eating habits, including diets high in protein and a general preference shift toward organic and vegan food products.

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Major market players operating in the Plant-based Protein market include Kerry Group, Cargill Inc., Glanbia plc., Wilmar International, Emsland Group, Puris, Cosucra Group, AMCO Proteins Company, Batory Foods, Roquette Freres, Ingredion Inc., Burcon Nutracience, Sotexpro, AGT Food & Ingredients, Beneo, Prolupin Gmbh, Aminola, Herblink Biotech Corporation, Archer Daniels Midland Company, DSM, E.I. Dupont De Nemours and Company, ET Chem, Shandong Jianyuan Group, The Greenlans LLC, Parabel, Corbion NV, Danone, Farbest Brands, Axiom Foods Inc., NOW Foods, Tate & Lyle Plc, Crespel & Deiters GmbH & Co. KG, CHS Inc., and Other Prominent Players.

Recent collaborations and agreements in the market:
• In April 2022, Cargill (US) recently announced the expansion of its Radipure pea protein product portfolio to Turkey and the Middle East to satisfy the growing demand for pea protein as a substitute source of protein in these countries, Indian and African markets.
• In July 2021, To expand its production capacity and meet the rapidly growing global demand for plant-based proteins, Sojaprotein (Serbia) was purchased by ADM (US), one of the leading producers of plant-based proteins in Southern Europe.
• In September 2020, ADM (US) introduced Prolite MeatXT and Prolite MeatTEX, two types of textured and non-textured wheat proteins that increase the density and texture of meat replacements. With the release of this product, ADM completed its line of textured soy, wheat, and pea proteins.

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Market Segments
Global Plant-based Protein Market, by Source, 2025-2034 (Value US$ Mn)
• Soy
• Wheat
• Pea
• Others
Global Plant-based Protein Market, by Type, 2025-2034 (Value US$ Mn)
• Isolates
• Concentrates
• Textured
Global Plant-based Protein Market, by Form, 2025-2034 (Value US$ Mn)
• Dry
• Liquid
Global Plant-based Protein Market, by Deployment Mode, 2025-2034 (Value US$ Mn)
• Foods and Beverage
• Animal Feed
• Nutrition and Health Supplements
• Pharmaceuticals
Global Plant-based Protein Market, by Region, 2025-2034 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Plant-based Protein Market, by Country, 2025-2034 (Value US$ Mn)
• U.S.
• Canada
Europe Plant-based Protein Market, by Country, 2025-2034 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Plant-based Protein Market, by Country, 2025-2034 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Plant-based Protein Market, by Country, 2025-2034 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Plant-based Protein Market, by Country, 2025-2034 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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This release was published on openPR.