North America Plant Protein Market Size, Industry Report2031

Segments - North America Plant Protein Market by Types (Wheat Protein, Soy Protein, Pea Protein, and Others), Forms (Protein Isolates, Protein Concentrates, and Textured Protein), Applications (Beverages, Nutrition Supplements, Bakery, Meat Extenders & Substitutes, Snacks, and Others), Geography (United States, Canada, Mexico, and Rest of North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The North America plant protein market is expected to rise at a robust CAGR during the forecast period, 2021-2028. Growth of the market is attributed to increasing preference of organic ingredients to be used in food & beverages industry, increasingly used in health supplements, and majority of the population switching towards vegan.

Plant protein is extracted naturally from plant sources such as wheat, soy, pea, and others, it is greatly efficient in building up healthy muscles and tissues in the human body and is also beneficial in weight-loss. Although plant based protein are low in calories and fat but are rich in fiber and essential nutrients.

North America Plant Protein Market Outlook

Soy protein contains all nine essential amino acids, also rich source of fibers, minerals, vitamins, potassium, foliate, selenium, and magnesium. Poor diet, lack of physical movements, and consumption of junk food is considered one of the major factors to cause high obesity in this region.

Plant based protein not only involves in high nutritional values but offer several health benefits such as lowers the blood sugar level, reduces the risk of heart problems, ideal weight loss, and reduces cholesterol level & LDL.

Market Trends, Drivers, Restraints, and Opportunities

Increasing fitness activities and body building trend is expected to boost the market in the coming years.
Growing awareness towards the health concern such as stoutness and abnormal weigh gain is estimated to drive the market during the forecast period.
Increasing number of populations is turning vegetarian or vegan which is anticipated to drive the market in the coming years.
Rising demand for the soy protein owing to its rich nutritional value and various health benefits is one of the factors that fuel the market.
Lack of proper diet, work outs, and consumption of junk food is estimated to propel the market in the coming years.
Growing demand of organic protein among population is estimated to create lucrative opportunities for the key players in the market.

Scope of Plant Protein Market Market

The report on the North America plant protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Plant Protein Market – North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Wheat Protein, Soy Protein, Pea Protein, Others), Forms (Protein Isolates, Protein Concentrates, and Textured Protein), Applications (Beverages, Nutrition Supplements, Bakery, Meat Extenders & Substitutes, Snacks, and Others)
Geographical Scope	United States, Canada, Mexico, Rest of North America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	DuPoint; Kerry Group; Cargill, Inc; Archer Daniel Midland; and Roquette Foods.

Plant Protein Market Segment Insights

The soy protein holds a significant market share

On the basis of types, the market is segregated into wheat protein, soy protein, pea protein, and others. The soy protein segment holds a significant market share during the forecast period owing to its nutritional factors and health benefits, caters the entire group even to the lactose intolerants.

North America Plant Protein Market Types

The protein concentration is expected to constitute key share of the market

In terms of forms, the market is categorized into protein isolates, protein concentrates, and textured protein. The protein concentration segment is expected to constitute key share of the market in the coming years due to easy digestible, improves performance, increase muscle mass, and reduces the tissue damage. However the protein isolation segment is anticipated to expand at a significant pace during the forecast period owing to easy digestible, efficiency in processing and can be used in wide variety of application.

The nutrition supplements segment is estimated to account for a key share of the market

Based on applications, the market is segregated into beverages, nutrition supplements, bakery, meat extenders & substitutes, snacks, and others. The nutrition supplements segment is estimated to account for key share in the market owing to growing health related concerns and bodybuilding activities.

The United States is projected to dominate the market

In the term of geographies, the market is fragmented into the United States, Canada, Mexico, and rest of North America. The United States holds a major share of the market owing to increasing concern towards abnormal weight gain, increasing demand for low cholesterol & processed food, and growing awareness about organic and healthy products.

Segments

The plant protein market has been segregated on the basis of

Types

Wheat Protein
Soy Protein
Pea Protein
Others

Forms

Protein Isolates
Protein Concentrates
Textured Protein

Applications

Beverages
Nutrition Supplements
Bakery
Meat Extenders and Substitutes
Snacks
Others

Geographies

United States
Canada
Mexico
Rest of North America

Key players

DuPoint
Kerry Group
Cargill, Inc
Archer Daniel Midland
Roquette Foods

Competitive Landscape

Key players competing in the North America plant protein market include DuPoint; Kerry Group, Cargill, Inc; Archer Daniel Midland; Roquette Foods.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance In October 2021, Cargill, Inc. and BASF expanded partnership to develop and market innovative enzyme-based solutions for animal feed industry.

In October 2021, Archer Daniel Midland, Gevo sign MoU to produce upto 500m gallon of sustainable aviation fuel.

North America Plant Protein Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Protein Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Plant Protein Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Plant Protein Market - Supply Chain
  4.5. Global Plant Protein Market Forecast
     4.5.1. Plant Protein Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Plant Protein Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Plant Protein Market Absolute $ Opportunity
5. Global Plant Protein Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Plant Protein Market Size and Volume Forecast by Types
     5.3.1. Wheat Protein Soy Protein Pea Protein Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Plant Protein Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Plant Protein Market Size and Volume Forecast by Applications
     6.3.1. Beverages Nutrition Supplements Bakery Meat Extenders and Substitutes Snacks Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Plant Protein Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Plant Protein Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Plant Protein Demand Share Forecast, 2019-2026
8. North America Plant Protein Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Plant Protein Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Plant Protein Market Size and Volume Forecast by Types
     8.4.1. Wheat Protein Soy Protein Pea Protein Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Plant Protein Market Size and Volume Forecast by Applications
     8.7.1. Beverages Nutrition Supplements Bakery Meat Extenders and Substitutes Snacks Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Plant Protein Demand Share Forecast, 2019-2026
9. Latin America Plant Protein Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Plant Protein Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Plant Protein Market Size and Volume Forecast by Types
     9.4.1. Wheat Protein Soy Protein Pea Protein Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Plant Protein Market Size and Volume Forecast by Applications
     9.7.1. Beverages Nutrition Supplements Bakery Meat Extenders and Substitutes Snacks Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Plant Protein Demand Share Forecast, 2019-2026
10. Europe Plant Protein Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Plant Protein Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Plant Protein Market Size and Volume Forecast by Types
     10.4.1. Wheat Protein Soy Protein Pea Protein Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Plant Protein Market Size and Volume Forecast by Applications
     10.7.1. Beverages Nutrition Supplements Bakery Meat Extenders and Substitutes Snacks Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Plant Protein Demand Share Forecast, 2019-2026
11. Asia Pacific Plant Protein Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Plant Protein Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Plant Protein Market Size and Volume Forecast by Types
     11.4.1. Wheat Protein Soy Protein Pea Protein Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Plant Protein Market Size and Volume Forecast by Applications
     11.7.1. Beverages Nutrition Supplements Bakery Meat Extenders and Substitutes Snacks Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Plant Protein Demand Share Forecast, 2019-2026
12. Middle East & Africa Plant Protein Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Plant Protein Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Plant Protein Market Size and Volume Forecast by Types
     12.4.1. Wheat Protein Soy Protein Pea Protein Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Plant Protein Market Size and Volume Forecast by Applications
     12.7.1. Beverages Nutrition Supplements Bakery Meat Extenders and Substitutes Snacks Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Plant Protein Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Plant Protein Market: Market Share Analysis
  13.2. Plant Protein Distributors and Customers
  13.3. Plant Protein Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. DuPoint Kerry Group Cargill, Inc Archer Daniel Midland Roquette Foods