The global plant-based protein market is projected to grow from USD 20.3 billion in 2025 to USD 46 billion by 2035, registering a CAGR of 8.5%.

Metric	Value
Industry Size (2025E)	USD 20.3 billion
Industry Value (2035F)	USD 46 billion
CAGR (2025 to 2035)	8.5%

The Plant-Based Protein Market size is expected to reach a valuation of USD 32.5 billion by 2034 growing at a CAGR of 7.20%. The research report classifies Market by share, trend, demand, forecast and based on segmentation.

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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 16.9 Billion
Market Forecast in 2033	USD 29.9 Billion
Market Growth Rate (2025-2033)	6.55%

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 global plant-based protein market size is projected to grow from USD 14.54 billion in 2025 to USD 24.79 billion by 2033, exhibiting a CAGR of 6.9%.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 13.60 Billion
Market Size in 2025	USD 14.54 Billion
Market Size in 2033	USD 24.79 Billion
CAGR	6.9% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Source,By Type,By Application,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

Plant Based Protein Market earned USD 11.0 billion in 2021 and projected to reach USD 19.7 billion in 2029, exhibiting at a CAGR of 7.5% from 2022-2029

In 2022, the global protein market was valued at over **** billion U.S. dollars. The market is forecast to be valued at around **** 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 * 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 ** 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 **** 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 Feed Plant-Based Protein Market Report is Segmented by Source (Soy Protein, Pea Protein, Wheat Protein, Canola Protein, and More), by Livestock (Poultry, Swine, Ruminant, Aquaculture, and More), by Form (Concentrates, Isolates, and Textured Proteins), and by Geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The india plant based protein market size reached USD 552.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,916.1 Million by 2033, exhibiting 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.

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 Vegan Protein Market will grow at a compound annual growth rate (CAGR) of 7% to reach USD 24,505.8 million by 2035 from its 2025 value of USD 12,457.5 million.

Metric	Value
Industry Size (2025E)	USD 12,457.5 million
Industry Value (2035F)	USD 24,505.8 million
CAGR (2025 to 2035)	7%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	7.2%

Country	CAGR (2025 to 2035)
UK	6.8%

Region	CAGR (2025 to 2035)
European Union	7.0%

Country	CAGR (2025 to 2035)
Japan	6.5%

Country	CAGR (2025 to 2035)
South Korea	7.3%

Segmentation Outlook-Vegan Protein Market

Source Type	Market Share (2025)
Pea Protein	38.9%

Application Segment	Market Share (2025)
Food & Beverages	61.7%

Competitive Outlook

Company Name	Estimated Market Share (%)
Archer Daniels Midland (ADM)	20-24%
Cargill, Incorporated	15-19%
Roquette Frères	12-16%
Kerry Group plc	8-12%
Burcon NutraScience Corporation	5-9%
Other Companies (combined)	30-40%

The India Plant Based Protein Industry size was valued at USD 733.15 Million in 2023 and is projected to reach USD 1270.55 Million by 2032, exhibiting a CAGR of 2.67 % during the forecast periods. 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 2022: BENEO, a subsidiary of Südzucker, entered a purchase agreement to acquire Meatless BV, a producer of functional ingredients. BENEO is expanding its existing product offering with the acquisition to offer an even broader range of texturizing solutions for meat and fish alternatives.April 2021: ADM opened a new, cutting-edge plant-based innovation lab located in ADM’s Biopolis research hub in Singapore. The lab develops advanced products and customized solutions to meet the growing food and beverage demand in the Asia-Pacific region. The ADM Biopolis research hub in Singapore features a wide range of capabilities, including a food and flavor analytic lab, beverage and dairy applications lab and pilot plant, bakery and confectionery lab, meat and savory lab, sweet and savory creation lab, sensory evaluation facilities, customer innovation center, and a new plant-based innovation lab.. Key drivers for this market are: Increasing Demand for Organic Plant Proteins, Increasing Application of Pea Protein in Food and Beverages. Potential restraints include: Presence of Alternative protein sources. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The size of the Plant Based Protein Market was valued at USD 13.4 Billion in 2023 and is projected to reach USD 22.67 Billion by 2032, with an expected CAGR of 7.80% during the forecast period. Recent developments include: April 2024: ADM said today that it has surpassed its 2 million acre target by expanding its worldwide regenerative agriculture initiative to more than 2.8 million acres in 2023. Furthermore, the business declared that it will aim to achieve 3.5 million regenerative acres by 2024 and is raising its global objective for 2025 from 4 million to 5 million acres., April 2022: To satisfy the growing demand for pea protein as a substitute source of protein in these countries, Cargill (US) recently announced the expansion of its Radipure pea protein product portfolio to the Middle East, Turkey, Africa, and Indian markets. In order to expand their production capacity and meet the constantly expanding worldwide demand for plant-based proteins, ADM (US) purchased Sojaprotein (Serbia) in July 2021, one of the leading producers of plant-based protein in Southern Europe.. Notable trends are: Rising vegan and vegetarian population is driving the market growth.

Plant-Based Protein Market Outlook

According to our latest research, the global plant-based protein market size reached USD 14.8 billion in 2024, demonstrating robust momentum in the alternative protein sector. The market is expected to grow at a CAGR of 8.3% during the forecast period, propelling the industry to a projected value of USD 28.4 billion by 2033. This dynamic growth is primarily driven by shifting consumer preferences toward healthier and more sustainable food sources, coupled with the increasing prevalence of vegan and flexitarian diets worldwide. The marketÂ’s expansion is further supported by technological advancements in protein extraction and processing, as well as the rising demand for functional and fortified foods.

One of the most significant growth factors fueling the plant-based protein market is the global rise in health consciousness among consumers. Increasing awareness of the health risks associated with excessive consumption of animal-based proteins, such as cardiovascular diseases and certain cancers, has led to a surge in demand for plant-derived alternatives. Consumers are now more inclined to opt for products that are low in saturated fats, cholesterol-free, and rich in dietary fiber and essential nutrients. Furthermore, the proliferation of scientific studies highlighting the benefits of plant-based diets in managing weight, improving gut health, and reducing the risk of chronic diseases has further accelerated the adoption of plant-based proteins across diverse demographic groups. This trend is especially prominent among millennials and Generation Z, who are increasingly prioritizing wellness and ethical consumption in their dietary choices.

Another crucial driver behind the marketÂ’s expansion is the growing environmental and ethical concerns related to traditional animal agriculture. The livestock industry is a significant contributor to greenhouse gas emissions, deforestation, and water pollution, prompting both consumers and policymakers to seek more sustainable alternatives. Plant-based proteins offer a substantially lower environmental footprint, requiring less land, water, and energy to produce compared to their animal-based counterparts. This has led to increased support from governments and non-governmental organizations, which are actively promoting plant-based diets through policy initiatives, subsidies, and educational campaigns. Additionally, the food industryÂ’s shift toward corporate sustainability and the integration of ESG (Environmental, Social, and Governance) criteria into business strategies have further propelled investments in plant-based protein innovation.

The rapid advancements in food technology and product innovation also play a pivotal role in the marketÂ’s growth trajectory. Companies are leveraging cutting-edge techniques to enhance the taste, texture, and nutritional profile of plant-based protein products, making them more appealing to mainstream consumers. The emergence of new protein sources, such as pea, rice, and potato, alongside traditional soy and wheat, has diversified the product landscape and expanded the range of applications. These innovations have enabled manufacturers to develop a wide array of products, from meat analogues and dairy alternatives to functional beverages and dietary supplements. As a result, plant-based proteins are increasingly being incorporated into daily diets, catering to the evolving needs of health-conscious and environmentally aware consumers.

The versatility of plant-based proteins is further exemplified by the growing interest in Plant Protein as a key ingredient in various food products. Plant Protein, derived from sources such as soy, pea, and rice, is gaining traction due to its high nutritional value and environmental benefits. As consumers become more conscious of their dietary choices, the demand for Plant Protein in both traditional and innovative food applications is on the rise. This trend is supported by the increasing availability of Plant Protein in mainstream retail channels, making it accessible to a broader audience. The integration of Plant Protein into diverse product categories, from snacks to beverages, highlights its potential to meet the evolving needs of health-conscious consumers.

From a regional perspective, North America currently dominates the

The size of the U.S. & Europe Plant-based Protein Market was valued at USD 12.81 billion in 2023 and is projected to reach USD 19.78 billion by 2032, with an expected CAGR of 6.4 % during the forecast period. The U.S. and European plant-based protein markets have witnessed tremendous growth in recent years, which is attributed to increased consumer demand for healthier and sustainable food options. Plant-based proteins are derived from ingredients like peas, soy, rice, and lentils, and are applied in a variety of products including meat alternatives, dairy substitutes, and protein powders. Factors that have fueled the adoption of plant-based diets in the U.S. include rising awareness of the environmental impact of animal farming and health concerns like heart disease and obesity. In Europe, plant-based eating has gained popularity due to growing environmental consciousness and an emphasis on reducing carbon footprints. This change is driving dietary patterns in both regions. With more consumers looking at the ethical, health, and environmental reasons for switching to plant-based protein, it will continue to grow further with food manufacturers' innovative products and with mainstream adoption of plant-based proteins into wider markets. Recent developments include: In January 2024, WK Kellogg Co. introduced its inaugural cereal offering. This new 100% plant-based cereal line called "Eat Your Mouth Off" is set to hit store shelves nationwide in the U.S. this month. WK Kellogg Co.'s brand portfolio encompasses the complete array of cereals that Kellogg's is renowned for, including favorites like Froot Loops, Frosted Flakes, Rice Krispies, Corn Flakes, and more , In January 2024, Suja Organic, a provider of cold-pressed organic beverages, introduced a new line of ready-to-drink protein shakes. These shakes contain 16g of pea, rice, and hemp protein, as well as essential vitamins, minerals, and macronutrients. They are available in three flavors: vanilla cinnamon, chocolate, and coffee bean. .

The Global Plant-based Proteins market size was USD XX million in 2024. The Plant-based Proteins market will show the strongest growth, with a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

North America held the largest share of XX% in the year 2024 
Europe held a share of XX% in the year 2024 
Asia-Pacific held a significant share of XX% in the year 2024 
South America held a significant share of XX% in the year 2024
Middle East and Africa held a significant share of XX% in the year 2024 

Key drivers for Plant-based Proteins Market

The rising trends in plant-based and vegan nutrition encourage the market of Plant-based protein 

The major driving force of the market for plant-based protein products or sources is increasing preferences for plant-based and vegan protein-rich nutrition. For example, the rise of plant-based protein like soy is driven by lactose-free intolerance, dairy allergies, and cruelty-free trends in the market. For instance, Lactose intolerance affects approximately 68% of the global population, according to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). Interestingly, these soy protein concentrates have become mainstream among the lactose-tolerant population as well. Soy Protein Concentrates are also becoming more prevalent which is driven by rising consumer health consciousness, increasing demand for plant-based foods, and the requirement for cost-effective protein sources. For instance, Bunge (NYSE: BG), a global leader in the food and ingredients market, invested around $550 million to build a fully integrated soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility in 2022. This facility will cater the customer demand by producing plant-based foods, pet food, and feed products. Additionally, the market for plant-based protein is also driven by environmentally-conscious consumers. These consumers fear that animal cruelty by meat manufacturers and producers harms the environment. For instance, research shows that following a plant-forward diet can enhance health along with reducing environmental impact as more greenhouse gasses are emitted with the production of animal-based proteins. Thus, the rising trends in plant-based and vegan nutrition encourage the market of Plant-based proteins.

Restraints for Plant-based Proteins Market

Potential nutritional deficiencies in vegan consumers restrain the market growth for plant-based proteins 

The plant-based protein market is restrained by the rising concerns of nutritional deficiencies that are possible with the consumption of plant-based and vegan protein. According to the healthline, poorly planned or highly processed vegan diets may increase the chance of developing nutrient deficiencies, especially in vitamin B12, iodine, iron, calcium, zinc, and long-chain omega-3s. For instance, studies have shown that vegetarians are at a high risk of vitamin B12 deficiency without supplements or enriched foods. Thus, vegans who don’t take supplements are at a higher risk of vitamin B12 deficiency. Furthermore, creatine is naturally found only in animal tissue, so, vegetarians and vegans should go for creatine supplements as it is responsible for functions as an easily accessible energy reserve for muscle cells for giving them greater strength and endurance. In addition, vegetarians and vegans may be at a higher risk of Vitamin D deficiency as the best sources of vitamin D3 are fatty fish and egg yolks. Other sources are cod liver oil, or enriched foods like milk or cereals, thus, these dietary sources do not come under the vegan diet. Therefore, potential nutritional deficiencies in vegan consumers restrain the market growth for plant-based proteins.

According to Cognitive Market Research, the Plant-based Protein Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031. Plant-based proteins are vegan protein sources that are attained from plants, such as beans, lentils, nuts, seeds, grains, and soy products, offering a vegan or vegetarian-friendly alternative to animal-based protein. The plant-based protein market is witnessing an upward trajectory as plant-forward diets have dramatically increased in popularity over the past several...

The Plant Protein Market report segments the industry into Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein, Other Plant Protein), End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data alongside five-year market forecasts.

China Plant Protein Market size was valued at USD 4.2 Billion in 2024 and is projected to reach USD 7.8 Billion by 2032 growing at a CAGR of 8.2% from 2025 to 2032.

Key Market Drivers:

Increasing Consumer Demand for Plant-Based Diets: According to the China Plant-Based Protein Market 2023 Report by Allied Market Research, the plant-based protein market in China is predicted to reach $12.1 billion by 2030, rising at a CAGR of 12.4% between 2023 and 2030.As consumer awareness of health and environmental sustainability increases, so does demand for plant-based proteins.

Rising Health Consciousness Among Consumers: According to the Chinese Nutrition Society's report, 43% of Chinese consumers have lowered their use of animal-based protein, driving demand for plant proteins as better alternatives. With a growing emphasis on health and fitness, plant proteins are increasingly recognized for their nutritional value.

Plant-based Protein Market valued at USD 22.2 Billion in 2025 is expected to rise to USD 42.6 Billion by 2034 at a 7.5% CAGR. Report about increasing demand for plant-based foods, health trends, and regional market distribution.

Europe Plant-based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein), Crop Type (Non-GMO, GMO), Source Process (Conventional, Organic), Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Forecast to 2032

US Plant-based Proteins Market size is valued at around USD 4.5 billion in 2025 and is projected to reach USD 5.75 billion by 2032 at 3.56% CAGR during 2026-32.