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

By Source;

Soy, Rapeseed, Pea, and Others.

By Form;

Protein Isolate, Protein Concentrate, and Others.

By Application;

Bakery, Beverages, Personal Care, Snacks, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn929733014 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Vegetable Protein Market was valued at USD 11,986.28 million. The size of this market is expected to increase to USD 17,582.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

Plant protein refers to a valuable protein source derived from plants, encompassing a variety of foods such as pulses (like chickpeas, lentils, and beans), tofu, soy, tempeh, seitan, nuts, seeds, and certain cereals, including peas. These proteins are increasingly favored for their sustainability and perceived health benefits compared to animal-derived proteins. The growing popularity of plant-based diets, driven by trends like veganism and health concerns such as cardiovascular disease, has spurred the expansion of this industry. Plant proteins are also promoted for their potential to aid in weight management, addressing a global issue of obesity.

Factors like the COVID-19 pandemic and the rise of vegan lifestyles have significantly boosted demand for plant-based proteins. These proteins are known for their lower levels of trans and saturated fats, further enhancing their appeal among consumers. Looking ahead, cereals like corn, wheat, and rice are expected to dominate the market due to their widespread cultivation and high consumption worldwide. Legume-based proteins, including soybeans, beans, and chickpeas, also represent a growing segment within this market.

  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 Form
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Vegetable Protein Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising health consciousness
        2. Increasing focus on sustainability
      2. Restraints
        1. Taste and texture
        2. Nutritional deficiencies
      3. Opportunities
        1. Product innovation
        2. Increased investment
    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 Vegetable Protein Market, By Source, 2021 - 2031 (USD Million)
      1. Soy
      2. Rapeseed
      3. Pea
      4. Others
    2. Global Vegetable Protein Market, By Form, 2021 - 2031 (USD Million)
      1. Protein Isolate
      2. Protein Concentrate
      3. Others
    3. Global Vegetable Protein Market, By Application, 2021 - 2031 (USD Million)
      1. Bakery
      2. Beverages
      3. Personal Care
      4. Snacks
      5. Others
    4. Global Vegetable 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. Archer Daniels Midland Company
      2. DuPont
      3. Omega Protein Corporation
      4. Roquette Frères
      5. Axiom Foods Inc
      6. Glanbia plc
      7. Manitoba Harvest Hemp Foods
      8. Growing Naturals
  7. Analyst Views
  8. Future Outlook of the Market