Plant-based Protein Market Insights and Outlook, 2025 - Focus in Aquatic Plants as New & Emerging Sources of Protein

DUBLIN, Aug. 20, 2020 /PRNewswire/ -- The "Plant-based Protein Market by Source (Soy, Wheat, and Pea), Type (Isolates, Concentrates, and Textured), Form (Dry and Liquid), Application (Food and Feed), and Region (North America, Europe, APAC, South America, RoW) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 14.5 billion by 2025, in terms of value, recording a compound annual growth rate (CAGR) of 7.1% during the forecast period.

Some of the major factors driving the growth of the plant-based protein market include growing demand in the food industry, increasing demand for pea-based protein and the opportunity to expand in high growth potential markets.

The food segment is projected to dominate the plant-based protein market throughout the forecast period.

The food segment is projected to dominate the plant-based protein market, by application, in terms of value, due to their extensive use in human nutrition. Plant-based protein is incorporated in food to add nutritional value to various food products. Different product sources are developed into types such as isolates, concentrates, and even textured proteins, which can be utilized in different types of plant-based foods, including dairy and meat alternatives, ready meals, confectionery, and other food types.

The liquid segment is projected to grow at the highest growth rate during the forecast period.

The liquid segment is projected to grow at the highest growth rate due to its major use in plant-based dairy, food & beverages, and nutritional supplements such as shakes and other healthy beverages. Wet/liquid form of processing is a mainstream technology used for producing plant-derived protein isolates. This form of processing involves the consumption of copious amounts of water and energy. During the extraction of the protein, the source crop is dispersed in water so that other components, such as carbohydrates, are also extracted through ultrafiltration or iso-electric precipitation. With the growing demand for plant-based protein in the food and feed segments, the demand for plant-based protein that is obtained through wet processing is projected to remain high during the forecast period.

Asia Pacific is projected to record the highest growth during the forecast period.

The Asia Pacific region is projected to record the highest growth during the forecast period. Rising vegan food consumption has led to an increased demand for plant-based food. The feed sector is also growing in countries such as China, India, and Japan, which aids the growth of the plant-based market in the region. Some of the leading players operating in the region include Herblink Biotech Corporation (China) and ET Chem (China). Apart from regional manufacturers, major foreign players such as Cargill (US), DSM (The Netherlands), and ADM (US) have established their production and research & development facilities in countries in the Asia Pacific region.

Research Coverage

The study covers the plant-based protein market across various segments. It aims at estimating the market size and its growth potential across different segments based on type, application, source, form, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The plant-based protein market comprises of major players, which include DSM (Netherlands), ADM (US), DuPont (US), Kerry Group (Ireland), Cargill (US), Glanbia (Ireland), Wilmar International (Singapore), Emsland Group (Germany), Puris (US), Cosucra Group (Belgium), Batory Foods (US), Roquette Freres (France), Ingredion (US), Burcon Nutracience (Canada), Sotexpro (France), AGT Food & Ingredients (Canada), Beneo (Germany), Prolupin Gmbh (Germany), Aminola (Netherlands), Herblink Biotech Corporation (China), ET Chem (China), Shandong Jianyuan Group (China), The Greenlans LLC (US), and Parabel (US)

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Opportunities In The Plant-Based Protein Market
4.2 Plant-Based Protein Market, By Source
4.3 Plant-Based Protein Market, By Form
4.4 Plant-Based Protein Market, By Type
4.5 Plant-Based Protein Market, By Application
4.6 Plant-Based Protein Market In Food, By Application
4.7 North America: Plant-Based Protein Market, By Source & Country
4.8 Plant-Based Protein Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand for Wellness-Focused Organic Food & Beverages
5.2.1.2 Innovation & Developments Related to Plant-Based Protein to Augment the Vegan Trend
5.2.1.3 Rise in Population with Lactose Intolerance
5.2.1.4 Growth in Investments & Collaborations in the Plant-Based Food Business
5.2.2 Restraints
5.2.2.1 Allergies Associated with Plant-Based Protein Sources such as Soy & Wheat
5.2.2.2 Possibilities of Nutritional & Vitamin Deficiencies Among Vegans
5.2.3 Opportunities
5.2.3.1 Continual Rise in Demand for Food & Beverages with Organic Ingredients
5.2.3.2 Increase in Consumers' Focus in Meat Alternatives
5.2.3.3 Focus in Aquatic Plants as New & Emerging Sources of Protein
5.2.4 Challenges
5.2.4.1 Concerns Over the Quality of Food & Beverages due to GM Ingredient Adulteration
5.2.4.2 Economic Constraints Related to the Processing Capacity of Pea Protein
5.3 Value Chain

6 Plant-Based Protein Market: A Comparative Analysis with Alternative Protein Sources
6.1 What is Plant Protein?
6.1.1 Development of New Plant-Based Sources Aid Growth of Plant-Based Proteins on a Global Level
6.1.2 Comprehensive Profiles of the Alternatives Protein Sources
6.1.3 What is the Need for Innovation in the Industry?
6.1.4 Comparative Analysis
6.1.5 Conclusion

7 Plant Protein, By Source
7.1 Introduction
7.2 Soy
7.3 Wheat
7.4 Pea
7.5 Other Sources

8 Plant-Based Protein Market, By Type
8.1 Introduction
8.2 Isolates
8.3 Concentrates
8.4 Textured Protein

9 Plant Protein, By Form
9.1 Introduction
9.2 Dry
9.3 Liquid

10 Plant-Based Protein Market, By Application
10.1 Introduction
10.2 Food
10.3 Feed

11 Plant-Based Protein Market, By Region
11.1 Introduction
11.2 COVID-19 Impact on Plant-Based Protein Market, By Region (2018-2021)
11.3 North America
11.4 Europe
11.5 Asia-Pacific
11.6 South America
11.7 Rest of the World

12. Competitive Landscape
12.1 Overview
12.2 Market Evaluation Framework
12.3 Revenue Analysis of Top Five Market Players
12.4 Competitive Scenario
12.4.1 Expansions & Investments
12.4.2 Agreements, Partnerships, and Collaborations
12.4.3 New Product Launches
12.4.4 Acquisitions, Mergers, and Joint Ventures

13 Company Evaluation Matrix & Company Profiles
13.1 Overview
13.2 Company Evaluation Matrix: Definitions & Methodology
13.2.1 Stars
13.2.2 Emerging Leaders
13.2.3 Pervasive Players
13.2.4 Emerging Companies
13.3 Company Evaluation Matrix, 2019 (Overall Market)
13.4 Company Profiles
13.4.1 Archer Daniels Midland (ADM)
13.4.2 Cargill
13.4.3 Glanbia
13.4.4 DuPont
13.4.5 Wilmar International
13.4.6 Roquette Freres
13.4.7 Kerry Group
13.4.8 DSM
13.4.9 Ingredion
13.4.10 Emsland Group
13.4.11 Puris
13.4.12 Cosucra Groupe
13.4.13 Batory Foods
13.4.14 Burcon Nutrascience
13.4.15 Sotexpro
13.5 Competitive Leadership Mapping (Start-up/SME)
13.5.1 Progressive Companies
13.5.2 Starting Blocks
13.5.3 Responsive Companies
13.5.4 Dynamic Companies
13.5.5 AGT Food & Ingredients
13.5.6 Recent Developments
13.5.7 Axiom Foods
13.5.8 Prolupin GmbH
13.5.9 Aminola
13.5.10 Herblink Biotech Corporation
13.5.11 Beneo
13.5.12 ET Chem
13.5.13 Shandong Jianyuan Group
13.5.14 The Green Labs LLC
13.5.15 Parabel

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