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

By Source;

Tofu, Lentils, Chickpea, Peanuts, Almonds, and Others.

By Product;

Fresh, Protein Isolate, Protein Powder, Protein Tablets, Protein Bars, and Others.

By Distribution Channel;

Online Retail, Supermarkets/Hypermarkets, Specialty Stores, Departmental Stores, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn184322772 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Plant Protein Market (USD Million), 2021 - 2031

In the year 2024, the Global Plant Protein Market was valued at USD 18,112.87 million. The size of this market is expected to increase to USD 28,895.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.9%.

The global plant protein market has experienced substantial growth in recent years, driven by increasing consumer demand for plant-based food products. Plant proteins, derived from sources such as soy, pea, wheat, and others, are gaining popularity due to their perceived health benefits, sustainability credentials, and suitability for diverse dietary preferences including vegan and vegetarian diets. This market expansion is further propelled by advancements in food processing technologies, which have improved the taste, texture, and nutritional profile of plant-based protein products.

Key factors influencing the market include growing awareness about the environmental impact of animal agriculture, rising incidences of health issues associated with high meat consumption, and a shift towards cleaner eating habits among consumers worldwide. Major food manufacturers and startups alike are investing heavily in research and development to innovate new plant protein formulations that cater to both nutritional needs and taste preferences. This trend is fostering a competitive landscape where companies are focusing on product diversification, strategic partnerships, and geographic expansion to capitalize on the burgeoning plant protein market.

Looking ahead, the global plant protein market is poised for continued growth, driven by increasing investments in sustainable food production practices, expanding retail distribution channels, and evolving consumer preferences towards healthier and more environmentally friendly food choices. As regulatory frameworks evolve to support plant-based food innovation and consumer awareness continues to rise, the market is expected to witness further diversification and adoption across various food and beverage categories globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Product
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Plant Protein Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health Conscious Consumer Trends
        2. Rising Vegan and Vegetarian Population
        3. Technological Advancements in Processing
      2. Restraints
        1. Cost and Price Volatility
        2. Limited Awareness in Developing Regions
        3. Challenges in Taste and Texture
      3. Opportunities
        1. Expansion in Functional Food and Beverage Sector
        2. Product Innovation and Diversification
        3. Emerging Markets and Untapped Potential
    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 Protein Market, By Source, 2021 - 2031 (USD Million)
      1. Tofu
      2. Lentils
      3. Chickpea
      4. Peanuts
      5. Almonds
      6. Others
    2. Global Plant Protein Market, By Product, 2021 - 2031 (USD Million)
      1. Fresh
      2. Protein Isolate
      3. Protein Powder
      4. Protein Tablets
      5. Protein Bars
      6. Others
    3. Global Plant Protein Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online Retail
      2. Supermarkets/Hypermarkets
      3. Specialty Stores
      4. Departmental Stores
      5. Others
    4. Global Plant Protein 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. Kerry Inc
      2. Reliance Private Label Supplements
      3. Chetrans
      4. MSM Retail Pvt. Ltd.
      5. Lentein
      6. S Food
      7. Yogabars
      8. Naked Nutrition
      9. Jarrow Formulas Inc
      10. Twinlab Consolidated Corporation
  7. Analyst Views
  8. Future Outlook of the Market