The Plant Protein Market is segmented by Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein), by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

The market value for plant protein is forecast to be 17.4 billion U.S. dollars in 2027. Compared to the 12.2 billion the market was estimated to be worth in 2022. This would constitute an increase of over seven billion U.S. dollars.

Plant Protein
Examples of plant-based products that are particularly protein-rich are nuts, soya, tofu, tempeh, seitan, peas, beans, and chickpeas. From 2013 to 2018, there was an increase in the production of plant protein products in Europe and Russia of approximately 500,000 thousand metric tons.

Reasons for choosing plant-based products Plant-based products are becoming increasingly popular for a variety of reasons. According to a survey in India, more than half of the respondents stated that they choose plant-based food products over animal-based products because they follow a vegetarian or vegan diet. In contrast, only roughly two percent of respondents in Japan stated the same. Japanese are mainly concerned with health reasons. Among people who prefer plant-based protein over animal protein in the United States, approximately half of the survey respondents stated that they do so because of the taste.

The United States Plant Protein Market is segmented by Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein) and by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

Global Plant Protein Market reached US$ 17 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 34 billion by 2031.

The global plant based protein market size reached USD 16.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.55% during 2025-2033. The rising popularity of sustainable food sources, along with the growing number of hotels, restaurants, cafes, etc., which are incorporating plant-based protein to curate various food items in their menus, is primarily driving the global market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on source, type, nature, and application.

The India Plant Protein Market is segmented by Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein) and by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

The China Plant Protein Market is segmented by Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein) and by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

Plant-based Protein Market by Type (Soy Proteins, Wheat Proteins, Pea Proteins, Potato Proteins), Form (Solid, Liquid), Source Process (Conventional, Organic), and Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Global Forecast to 2031

In 2022, the global protein market was valued at over 27.5 billion U.S. dollars. The market is forecast to value around 47.4 billion U.S. dollars by 2030.

Plant based food market

Food items within the plant based food market are made of soy, wheat, and vegetables, and can be expressed in different ways. In the United States, the largest driver of plant based food sales are milk alternatives. In 2019, milk alternatives generated more in sales than all other plant based food categories (such as meat, cheese, and yogurt alternatives) combined. That year, the plant based food market within the United States was reported to value 5 billion U.S. dollars, and saw significantly higher growth that year compared to all other food retail. In Europe and Russia, the plant based food market was projected to double its value between 2013 and 2022 to almost 15 billion Euros.

Plant based food demand/consumption worldwide

In recent years, the plant based food market has seen a significant increase in global demand due to the changing dietary preferences amongst Western consumers. Reasons cited by American and European consumers seeking plant based food say that they want a healthier diet, less dependence on animal products, and a more sustainable lifestyle. In 2019, more than half of respondents in the United States had tried a plant-based „meat“. However, not all consumers are willing to replace meat entirely with plant based alternatives.

The global plant-based proteins market is set to grow US$ 24.4 Bn by 2032, with a 7.4% CAGR, driven by rising demand for plant-based meat worldwide

The india plant based protein market size is projected to exhibit a growth rate (CAGR) of 14.82% during 2025-2033. The escalating demand for a healthy and nutritious diet and the growing consumer concerns towards environmental sustainability represent some of the key factors driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on source, type, nature, and application.

[208+ Pages Report] The global plant-based protein market size is expected to grow from USD 13.27 billion in 2023 to USD 25.53 billion by 2032, at a CAGR of 8.52% from 2024-2032

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Plant Based Protein Products Market Size 2024-2028

The plant based protein products market size is forecast to increase by USD 15.91 billion at a CAGR of 20.51% between 2023 and 2028.

The plant-based protein market is experiencing significant growth due to several key trends. The expanding global vegan population base is a major driving factor, as more consumers adopt plant-based diets for ethical, environmental, and health reasons. Additionally, increasing health consciousness is leading consumers to seek out protein sources that are free from antibiotics and hormones found in animal products. 
However, challenges persist, including the increasing number of product recalls due to contamination issues and the need for innovation to create sources of protein that closely mimic the taste and texture of animal-derived proteins like egg protein. These trends and challenges are shaping the future of the plant-based protein market.

What will be the Size of the Plant Based Protein Products Market During the Forecast Period?

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The plant-based protein products market is experiencing significant growth, driven by increasing consumer awareness and preference for environmental sustainability and animal welfare. This market encompasses a diverse range of offerings, including tofu, soybeans, pea protein, and legumes, among others. Plant-based alternatives to traditional meat products, such as burgers, sausages, chicken, and fish, are gaining popularity due to their nutritional values, which often surpass those of their animal-derived counterparts. These plant-based options are rich in essential amino acids, fiber, and other nutrients, while typically containing less sodium and catering to food allergies. The ready-to-eat segment is particularly thriving, as health-conscious consumers, vegans, and individuals following a healthy diet or dealing with health issues seek convenient and nutritious meal solutions.
Additionally, fitness enthusiasts and muscle-building properties are fueling demand for plant-based proteins. The market's environmental friendliness and weight control benefits further add to its appeal. The pumpkin seed segment and other emerging plant-based protein sources are poised to expand the market's offerings and cater to diverse consumer preferences.

How is this Plant Based Protein Products Industry segmented and which is the largest segment?

The plant based protein products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Soy protein
  Wheat protein
  Pea protein
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC



  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

Plant-based protein products have gained significant popularity among health-conscious consumers, vegans, and fitness enthusiasts due to their muscle-building properties and nutritional benefits. These products include tofu, legumes, Pea protein, soybeans, wheat, and alternative sources like Duckweeds and Pulse proteins from Aquatic plants. Environmental sustainability and animal welfare are major factors driving the demand for these environmentally friendly proteins. The market comprises various segments, including Plant-based burgers, sausages, meatless chicken, fish alternatives, and ready-to-eat products. Nutritional values, amino acids, and sodium content are essential considerations for consumers with health issues or food allergies, such as soy allergy or wheat gluten intolerance.

The pulse proteins, such as Chickpeas, Lentils, and Beans, are also popular choices. The offline retail segment, including supermarkets, grocery stores, and convenience stores, is a significant distribution channel for plant-based protein products. Consumers can choose from a diverse range of products based on price and quality. The expansion of organized retailing, particularly hypermarkets and supermarkets, is expected to drive the growth of the offline segment due to their global presence and improved product visibility. Other distribution channels include online stores, pharmacies, sports nutrition segments, and functional foods.

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The Offline segment was valued at USD 3.85 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 43% to the growth of the global market during the forecast period.

Technavio's analysts have ela

The report covers Australia Plant Protein Companies and the market is segmented by Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein, and Other Plant Protein) and by End User (Animal Feed, Personal Care and Cosmetics, Food and Beverages, and Supplements). The market size is provided in terms of value (USD) and volume (tons) for all the abovementioned segments.

[273 Pages Report] The global Plant Derived Proteins Market is estimated to reach US$ 105 Mn by the end of 2022. Growing research and development activities for development of more effective drugs and biologic, especially across countries such as India, China, the U.S., and the U.K. is expected to bolster the growth in the market.

How The Market Progressed Till June 2022?

Scope Of The Report

Africa Plant Protein Market size was valued at USD 1.4 Billion in 2024 and is projected to reach USD 2.4 Billion by 2031, growing at a CAGR of 6.9% from 2024 to 2031.

Africa Plant Protein Market Drivers

Rising Demand for Plant-Based Foods: Increasing awareness about the health and environmental benefits of plant-based diets is driving demand for plant-based protein sources.
Growing Middle Class: The expanding middle class in Africa is fueling the demand for diverse food products, including plant-based protein alternatives.
Government Initiatives: Government initiatives promoting sustainable agriculture and food security are supporting the development of the plant protein market.

Africa Plant Protein Market Restraints

Lack of Awareness: Limited awareness about the benefits of plant-based diets and protein sources can hinder market growth.
Regulatory Challenges: Strict regulations and standards for food products can impact the development and commercialization of plant-based protein products.
Limited Infrastructure: Inadequate infrastructure, such as processing and distribution facilities, can limit the growth of the plant protein market.

Japan Plant Protein Market Report is Segmented by Protein Type ( Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein, and Other Plant Proteins) and End User (Animal Feed, Personal Care and Cosmetics, Food and Beverages, and Supplements). The Market Size is Provided in Terms of Value (USD) and Volume (Tons) for all the Abovementioned Segments.

The size of the UK Plant Protein Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 26.40% during the forecast period. The plant protein market has experienced significant growth over the past few years, driven by rising consumer interest in health, sustainability, and ethical food production. Plant proteins, derived from sources such as soy, peas, lentils, rice, and other legumes and grains, serve as alternatives to animal-based proteins. This shift is largely fueled by increased awareness of the environmental impact of meat production, the growing prevalence of vegetarian and vegan diets, and concerns over animal welfare. The plant protein market is further boosted by its alignment with global trends towards healthier eating, as plant-based diets are often associated with reduced risks of chronic diseases like heart disease, diabetes, and obesity. Key applications of plant proteins are in the food and beverage industry, where they are used to create meat substitutes, dairy alternatives, protein-rich snacks, and beverages. Major companies in the sector are investing heavily in research and development to improve the taste, texture, and nutritional profile of plant-based protein products, making them more appealing to a broader consumer base. Additionally, innovations in food technology, such as fermentation and processing techniques, are enhancing the functionality and versatility of plant proteins, enabling their incorporation into a wider range of food products. Recent developments include: June 2022: Roquette, a plant-based protein manufacturer, released two novel rice proteins to address the market demand for meat substitute applications. The new Nutralys rice protein line includes a rice protein isolate and a rice protein concentrate. May 2021: Lantmannen's subsidiary, Lantmännen Agroetanol, invested SEK 800 million in a biorefinery in Norrköping. It will strengthen Lantmännen’s position in the market for grain-based food ingredients, specifically gluten production. The new production line is planned to be fully operational during the second quarter of 2023.April 2021: Ingredion Inc. launched two new ingredients to its plant-based pea protein segment. It launched VITESSENSE pulse 1853 pea protein isolate and Purity P 1002 pea starch, which are 100% sustainably sourced from North American farms.. Key drivers for this market are: Increasing Urbanization, Growing Disposable Income. Potential restraints include: High-price and additional delivery charges. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Marknteladvisors tracks the revenue opportunity in Plant Based Protein Industry. Plant Based Protein Market Research Report estimates the future growth, size, study and Forecast.

Saudi Arabia's volume sales of pea protein was forecasted to have the largest compound growth of 11.4 percent by the year 2027. The total market size of plant-based protein ingredients (non-animal derived proteins) in Saudi Arabia was predicted to register a volume sales CAGR of 3.7 percent by that same year.