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
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.
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 the 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. |
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.
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
Segments Covered in the ReportThe plant protein market has been segregated on the basis of
Types
- Wheat Protein
- Soy Protein
- Pea Protein
- Others
- Protein Isolates
- Protein Concentrates
- Textured Protein
- Beverages
- Nutrition Supplements
- Bakery
- Meat Extenders and Substitutes
- Snacks
- Others
- United States
- Canada
- Mexico
- Rest of North America
- 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.
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 (000’ 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
The plant protein market has been segregated on the basis of
Types
- Wheat Protein
- Soy Protein
- Pea Protein
- Others
- Protein Isolates
- Protein Concentrates
- Textured Protein
- Beverages
- Nutrition Supplements
- Bakery
- Meat Extenders and Substitutes
- Snacks
- Others
- United States
- Canada
- Mexico
- Rest of North America
- DuPoint
- Kerry Group
- Cargill, Inc
- Archer Daniel Midland
- Roquette Foods
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.
Our Clients
Related Reports
Some other reports from this category!
