Vegetable Protein Market to Reach US$ 23.1 Billion by 2031 | North America leads with 35% share | Major Companies 2026 - Archer Daniels Midland Company, Cargill, Incorporated, Roquette Freres

As per DataM intelligence research report "Global Vegetable Proteins Market reached US$ 11.2 billion in 2023 and is expected to reach US$ 23.1 billion by 2031, growing with a CAGR of 9.47% during the forecast period 2024-2031."

The market is driven by increasing demand for plant-based and sustainable protein sources. It is widely used in food, beverages, and dietary supplements. Rising vegan trends and health consciousness support market growth.

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DataM Intelligence unveils exclusive insights into the Vegetable Protein Market 2026, highlighting emerging trends, growth drivers, and key regional opportunities for manufacturers, suppliers, and industry professionals worldwide

United States: Recent Developments

✅ In January 2026, Cargill Incorporated expanded its plant-based protein portfolio with new pea and soy protein ingredients for food manufacturers. The development focuses on improving texture, taste, and nutritional value. Cargill continues strengthening its position in alternative protein solutions.

✅ In December 2025, Archer Daniels Midland (ADM) launched advanced vegetable protein ingredients targeting meat alternatives and dairy-free products. The formulations enhance functionality and protein content for processed foods. ADM continues investing in plant-based nutrition innovation.

✅ In November 2025, Ingredion Incorporated introduced new plant-based protein isolates designed for clean-label and high-protein applications. The products support improved solubility and texture in food formulations. Ingredion continues expanding its alternative protein portfolio.

✅ In September 2025, Beyond Meat expanded its product line with vegetable protein-based meat alternatives focused on improved taste and nutrition. The company is targeting retail and foodservice channels. Beyond Meat continues driving innovation in plant-based foods.

Japan: Recent Developments

✅ In January 2026, Fuji Oil Holdings expanded its plant-based protein business with new soy-based ingredients for alternative meat and dairy products. The company focuses on texture improvement and sustainability. Fuji Oil continues strengthening its global plant-based portfolio.

✅ In December 2025, Ajinomoto Co. introduced vegetable protein-based solutions for processed foods and meat alternatives. The products emphasize improved taste, amino acid balance, and functionality. Ajinomoto continues advancing food innovation through plant-based technologies.

✅ In November 2025, Nisshin OilliO Group expanded its plant-based ingredient portfolio with vegetable protein products for food manufacturers. The company focuses on sustainable sourcing and improved nutritional profiles. Nisshin OilliO continues supporting alternative protein demand.

✅ In September 2025, Kewpie Corporation launched plant-based food products utilizing vegetable proteins for healthier alternatives. The products target growing consumer demand for sustainable and functional foods. Kewpie continues expanding its plant-based offerings.

Vegetable Protein Market: Competitive Intelligence
Archer Daniels Midland Company, Cargill, Incorporated, Roquette Freres, Wilmar International Limited, Sonic Biochem Extractions Pvt. Ltd., Bunge Limited, FUJI OIL HOLDINGS INC., International Flavors & Fragrances Inc., Benson Hill, Inc., Shandong Saigao Group Corporation among others.

Archer Daniels Midland Company, Cargill, Incorporated, Roquette Frères, Wilmar International Limited, Sonic Biochem Extractions Pvt. Ltd., Bunge Limited, FUJI OIL HOLDINGS INC., International Flavors & Fragrances Inc., Benson Hill, Inc., Shandong Saigao Group Corporation, and other key players are collectively reinforcing the Vegetable Protein Market by expanding supply capacity, enhancing product diversification, and responding to growing global demand for plant‐based nutrition. Their combined scale in sourcing, processing, and distributing vegetable protein ingredients supports stable supply chains that meet food manufacturers' and formulators' needs across multiple end‐use sectors such as animal feed, human food, and functional ingredients. By investing in advanced extraction technologies, formulation expertise, and sustainability practices, these companies help improve protein quality, functional performance, and nutritional value, contributing to broader adoption of vegetable proteins in mainstream markets. Their global reach and cross‐continental networks also strengthen market resilience by balancing regional production with international demand dynamics. Together, they advance the Vegetable Protein Market's evolution toward higher efficiency, inclusivity, and long‐term growth.

Individually and in combination, these organizations' strengths create momentum and competitive advantage within the Vegetable Protein Market by offering complementary capabilities across the value chain. Archer Daniels Midland Company, Cargill, and Bunge Limited bring extensive processing infrastructure and commodity expertise that ensure reliable, scalable production of key protein fractions. Roquette Frères, FUJI OIL HOLDINGS INC., and Sonic Biochem Extractions Pvt. Ltd. contribute specialized extraction and refining technologies that enhance protein purity and functional versatility for diverse applications. International Flavors & Fragrances Inc. and Benson Hill, Inc. expand the market with innovation in sensory, formulation, and crop‐optimized protein platforms, while Wilmar International Limited and Shandong Saigao Group Corporation provide strong regional integration and access to emerging markets. This combination of processing scale, technological innovation, and strategic geographic presence helps the Vegetable Protein Market meet evolving customer requirements and supports its trajectory as a vital segment of the global food and nutrition landscape.

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Segment Covered in the Vegetable Protein Market:
By Source
The market is segmented into soy protein 40%, pea protein 25%, wheat protein 15%, potato protein 10%, and other sources 10%, with soy protein dominating due to its high protein content, versatility, and widespread use in food and beverage products. Pea protein is rapidly growing as a hypoallergenic, plant-based alternative. Wheat and potato proteins are gaining traction in niche applications. Increasing demand for plant-based diets and clean-label ingredients supports market growth.

By Form
The market is categorized into isolates 35%, concentrates 30%, textured vegetable proteins (TVP) 20%, and hydrolysates 15%, with isolates dominating due to high protein purity and functional versatility in food applications. Concentrates are widely used in beverages and nutrition bars. TVP is growing in meat alternatives, while hydrolysates are expanding in specialized nutrition and functional food products. Consumer preference for protein-enriched foods drives adoption.

By Distribution Channel
Distribution channels include supermarkets/hypermarkets 40%, online retail 30%, specialty stores 20%, and others 10%, with supermarkets and hypermarkets dominating due to easy accessibility and high visibility. Online retail is growing rapidly with e-commerce adoption and increasing demand for direct-to-consumer delivery. Specialty stores cater to premium and niche products. Expanding retail networks and digital platforms support market growth.

By Application
Applications include food and beverages 50%, animal feed 20%, pharmaceuticals and nutraceuticals 20%, and cosmetics & personal care 10%, with food and beverages dominating due to the growing plant-based protein trend in snacks, beverages, and meat alternatives. Animal feed and nutraceuticals are expanding with rising demand for sustainable protein sources. Cosmetics applications are gaining attention for skin and hair care products enriched with plant proteins.

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Regional Analysis
North America - 35% Share
North America leads with 35% share due to high adoption of plant-based diets and functional foods in the United States and Canada. Soy and pea proteins dominate sources. Isolates and concentrates are widely used. Supermarkets and online retail are primary distribution channels. Food and beverage applications lead. Growing health awareness and sustainability trends drive growth.

Europe - 25% Share
Europe holds 25% share driven by demand for plant-based nutrition in Germany, France, and the UK. Soy and pea proteins dominate. Isolates and TVP are widely used. Supermarkets and specialty stores are key channels. Food and beverages and nutraceuticals are major applications. Regulatory support for plant-based products and vegan trends fuel market expansion.

Asia-Pacific - 20% Share
Asia-Pacific accounts for 20% share due to increasing health-conscious consumers and growing plant-based food markets in China, India, Japan, and Australia. Soy and wheat proteins dominate. Isolates and concentrates are primary forms. Supermarkets and online retail lead distribution. Food & beverages applications are predominant. Rising population and urbanization drive demand.

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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