Global Plant Based Ingredients Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Soy, Rice, Pea, Canola, Wheat, Potato, and Corn.

By Sales Channel;

Convenience Store, Specialty Stores, Direct Sales, Modern Trade, Small Groceries, and Online Retail.

By End Use;

Meat Substitutes, Infant Foods, Bakery, Confectionery, Snacks, Cosmetics, Sports & Energy Nutrition, Preservatives, and Animal Feed

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn207494502 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Plant Based Ingredients Market (USD Million), 2021 - 2031

In the year 2024, the Global Plant Based Ingredients Market was valued at USD 3,180.69 million. The size of this market is expected to increase to USD 4,942.75 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

The Global Plant-Based Ingredients Market represents a dynamic segment within the food and beverage industry, driven by increasing consumer awareness and demand for sustainable, plant-derived alternatives. These ingredients are derived from various plant sources such as fruits, vegetables, grains, nuts, and seeds, offering a wide range of applications across food, beverages, pharmaceuticals, and cosmetics sectors. Key factors propelling market growth include rising health consciousness, concerns over animal welfare, and environmental sustainability. Plant-based ingredients are favored for their nutritional benefits, absence of cholesterol, and potential to cater to diverse dietary preferences, including vegan and vegetarian lifestyles.

In recent years, the market has witnessed significant innovation and product development aimed at enhancing the sensory appeal and functional properties of plant-based ingredients. This includes advancements in processing technologies to improve texture, taste, and nutritional profiles comparable to conventional animal-derived ingredients. Additionally, regulatory support and initiatives promoting plant-based diets further bolster market expansion globally. As consumer preferences shift towards cleaner label products and sustainable sourcing practices, the plant-based ingredients market is poised for continued growth, presenting opportunities for manufacturers and suppliers to capitalize on evolving dietary trends and market demands.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Plant Based Ingredients Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health and Wellness Trends
        2. Environmental Sustainability
        3. Innovation and Product Development
      2. Restraints
        1. Higher Costs
        2. Supply Chain Challenges
        3. Taste and Texture Issues
      3. Opportunities
        1. Expansion in Food Applications
        2. Regional Market Growth
        3. Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Plant Based Ingredients Market, By Product, 2021 - 2031 (USD Million)
      1. Soy
      2. Rice
      3. Pea
      4. Canola
      5. Wheat
      6. Potato
      7. Corn
    2. Global Plant Based Ingredients Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Convenience Store
      2. Specialty Stores
      3. Direct Sales
      4. Modern Trade
      5. Small Groceries
      6. Online Retail
    3. Global Plant Based Ingredients Market, By End Use, 2021 - 2031 (USD Million)
      1. Meat Substitutes
      2. Infant Foods
      3. Bakery
      4. Confectionery
      5. Snacks
      6. Cosmetics
      7. Sports & Energy Nutrition
      8. Preservatives
      9. Animal Feed
    4. Global Plant Based Ingredients Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Puris Proteins, LLC
      2. Ingredion Inc.
      3. Cargill
      4. Dolher Group
      5. Health Warrior, Inc.
      6. Atlantic Food Naturals, LLC
      7. Avebe U.A.
      8. Renmatix Inc.
      9. DuPont
      10. Farbest Brands
  7. Analyst Views
  8. Future Outlook of the Market