
South Korea Plant Protein Market, By Type (Concentrates, Isolates, Textured); By Source (Soy, Wheat, Pea, Other sources); By Form (Dry, Liquid); By Nature (Conventional, Organic); By Application (Food & Beverages, Feed), Trend Analysis, Competitive Landsc
Description
South Korea Plant Protein Market, By Type (Concentrates, Isolates, Textured); By Source (Soy, Wheat, Pea, Other sources); By Form (Dry, Liquid); By Nature (Conventional, Organic); By Application (Food & Beverages, Feed), Trend Analysis, Competitive Landscape & Forecast, 2019–2031
South Korea Plant Protein Market almost Doubles Its Size to Touch USD 1.3 Billion by 2031
South Korea Plant Protein Market is booming primarily due to a surge in the number of health-conscious consumers, a growing vegan and vegetarian population, and increasing environmental awareness.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Korea Plant Protein Market size by value at USD 674 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects South Korea Plant Protein Market size to boom at a robust CAGR of 10.8% reaching a value of USD 1,252.4 million by 2031. The growth of Plant Protein Market in South Korea is propelled by a surge in consumer interest in plant-based and flexitarian diets. Younger generations, especially those in their 20s and 30s, are increasingly embracing sustainable and ethical food choices. The government's support for the plant-based industry, including the establishment of a dedicated research center and the promotion of local ingredient usage, further accelerates market growth. With a growing number of vegans and flexitarians, coupled with innovative product launches from key players, the South Korean plant protein market is well-positioned for continued expansion.
Opportunities - Increasing Demand for Functional Foods
A surging demand for functional foods across the country offers a significant growth opportunities the companies in South Korea Plant Protein Market in the coming years. With the nation’s aging population and the growing health awareness among younger consumers, particularly the MZ Generation, there has been a noticeable shift toward preventive wellness. Functional foods, including plant-based protein products, are becoming integral parts of daily diets as South Koreans look for ways to improve their health, boost immunity, and manage their overall well-being. This trend is further fueled by the rising popularity of products like probiotics, vitamins, and protein supplements, which are now mainstream, even among younger adults who prioritize balanced nutrition. As the plant-based food sector grows in response to these demands, the plant protein market stands to benefit greatly, driven by the increasing consumer preference for healthier, sustainable, and functional food options that align with South Korea's evolving dietary trends.
Soy Is Leading Source in South Korea Plant Protein Market
The soy segment accounts for a significant market share of South Korea Plant Protein Market by source. Market dominance of protein sourced from soy is driven by its exceptional nutritional profile, cost-effectiveness, and versatility in plant-based food applications. Its widespread use in meat alternatives, dairy substitutes, and protein supplements has solidified its popularity among both manufacturers and consumers. Soy protein's ability to replicate the texture and taste of animal proteins has significantly boosted its demand in the burgeoning plant-based food industry. Coupled with its established market presence and consumer familiarity, soy protein's dominance is further reinforced by the growing health consciousness and the increasing preference for sustainable protein sources. As a result, soy protein outperforms other sources like wheat, pea, and emerging alternatives such as rice and canola proteins.
Impact of Escalating Geopolitical Tensions on South Korea Plant Protein Market
Intensifying geopolitical tensions could have a multifaceted impact on South Korea Plant Protein Market. Trade disruptions, tariffs, and supply chain bottlenecks can drive up costs, limiting market growth. Additionally, reduced consumer spending power and uncertainty in the global economy may hinder the adoption of plant-based products.
Competitive Landscape
South Korea Plant Protein Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include CJ CheilJedang, Pulmuone, Hyosung, Lotte, Dongwon Industries, CJ Bio, Nongshim, Orion, and SPC Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in South Korea Plant Protein Market .
The report's in-depth analysis provides information about growth potential, upcoming trends, and South Korea Plant Protein Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Korea Plant Protein Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
113 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. South Korea Plant Protein Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Health Consciousness
- 3.2.1.2. Growing Vegan and Vegetarian Population
- 3.2.1.3. Environmental Concerns
- 3.2.2. Restraints
- 3.2.2.1. Higher Cost
- 3.2.2.2. Limited Taste and Texture
- 3.2.3. Opportunities
- 3.2.3.1. Food Allergies and Intolerances
- 3.2.3.2. Increasing Demand for Functional Foods
- 3.2.4. Challenges
- 3.2.4.1. Nutritional Concerns
- 3.2.4.2. Limited Availability and Variety
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. South Korea Plant Protein Market: Marketing Strategies
- 5. South Korea Plant Protein Market Overview
- 5.1. Market Size & Forecast, 2019–2031
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Concentrates
- 5.2.1.2. Isolates
- 5.2.1.3. Textured
- 5.2.2. By Source
- 5.2.2.1. Soy
- 5.2.2.2. Wheat
- 5.2.2.3. Pea
- 5.2.2.4. Other Sources (Canola Protein, Rice Protein, Potato Protein, Beans & Seeds)
- 5.2.3. By Form
- 5.2.3.1. Dry
- 5.2.3.2. Liquid
- 5.2.4. By Nature
- 5.2.4.1. Conventional
- 5.2.4.2. Organic
- 5.2.5. By Application
- 5.2.5.1. Food & Beverages
- 5.2.5.2. Feed
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. South Korea Plant Protein Company Market Share Analysis, 2024
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 7. Impact of Escalating Geopolitical Tensions on South Korea Plant Protein Market
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 8.1. CJ CheilJedang
- 8.2. Pulmuone
- 8.3. Hyosung
- 8.4. Lotte
- 8.5. Dongwon Industries
- 8.6. CJ Bio
- 8.7. Nongshim
- 8.8. Orion
- 8.9. SPC Group
- 8.10. Other Prominent Players
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents, By Region
- 10.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 South Korea Plant Protein Segmentation
- Figure 2 South Korea Plant Protein Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 South Korea Plant Protein Market Size, By Value (USD Million), 2019–2031
- Figure 5 South Korea Plant Protein Market Share, By Type , By Value, 2019–2031
- Figure 6 South Korea Plant Protein Market Share, By Sources, By Value, 2019–2031
- Figure 7 South Korea Plant Protein Market Share, By Form, By Value, 2019–2031
- Figure 8 South Korea Plant Protein Market Share, By Nature, By Value, 2019–2031
- Figure 9 South Korea Plant Protein Market Share, By Application, By Value, 2019–2031
- List of Tables
- Table 1 South Korea Plant Protein Market Size, By Value (USD Million), 2019–2031
- Table 2 South Korea Plant Protein Market Size, By Type , By Value, 2019–2031
- Table 3 South Korea Plant Protein Market Size, By Sources, By Value, 2019–2031
- Table 4 South Korea Plant Protein Market Size, By Form, By Value, 2019–2031
- Table 5 South Korea Plant Protein Market Size, By Nature, By Value, 2019–2031
- Table 6 South Korea Plant Protein Market Size, By Application, By Value, 2019–2031
- Table 7 CJ CheilJedang Company Overview
- Table 8 CJ CheilJedang Financial Overview
- Table 9 Pulmuone Company Overview
- Table 10 Pulmuone Financial Overview
- Table 11 Hyosung Company Overview
- Table 12 Hyosung Financial Overview
- Table 13 Lotte Company Overview
- Table 14 Lotte Financial Overview
- Table 15 Dongwon Industries Company Overview
- Table 16 Dongwon Industries Financial Overview
- Table 17 CJ Bio Company Overview
- Table 18 CJ Bio Financial Overview
- Table 19 Nongshim Company Overview
- Table 20 Nongshim Financial Overview
- Table 21 Orion Company Overview
- Table 22 Orion Financial Overview
- Table 23 SPC Group Company Overview
- Table 24 SPC Group Financial Overview
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