Global Plant-Based Protein Market with Focus on Plant-Based Meat: Insights, Trends and Forecast (2020-2024)

Global Plant-Based Protein Market with Focus on Plant-Based Meat: Insights, Trends and Forecast (2020-2024)

The global plant-based protein market is estimated to reach US$35.54 billion in 2024 growing at a CAGR of 14% for the period spanning 2020-2024, whereas the global plant-based meat market is forecasted to reach US$24.11 billion in 2024, growing at a CAGR of 14.45% for the period spanning 2020-2024. The growth of the market has been driven by the expanding urbanization, increasing obesity rates and surging vegan population. Some of the noteworthy trends of the market include advancements in plant-based protein (ingredient technologies) and active government policies to eat healthy. However, growth of the market would be challenged by high prices of plant-based meat and inclining meat consumption.

The global plant-based protein market can be categorized on the basis of type, source and application. On the other hand, the global plant-based meat market is segmented on the basis of source and product. In terms of type, the global plant-based protein market can be categorized into plant-based meat and others. On the basis of source, the market can be divided into Soy protein, Wheat Protein, Pea protein and Others. In terms of application, the global plant-based protein market can segmented into Food & Beverages, Nutrition & Health supplements, Animal feed, Pharmaceuticals and Others. The plant-based meat market can be segmented into Soy-based, Wheat-based, Pea-based and others, in terms of source. In terms of product, the global plant-based meat market can broadly be categorized into Burger, Sausages, Crumbles, Nuggets, Meatballs and Others.

The fastest growing regional market is North America due to growing applications of plant-based protein in various food products such as bakery products, increasing prevalence of chronic diseases like obesity in the region, surging health awareness among the adults and rising millennial population in the region.

Scope of the report:

  • The report provides a comprehensive analysis of the global plant-based protein market (segmented on the basis of type, source and applications) with focus on global plant-based meat market (segmented on the basis of source and product).
  • The major regional and country markets (North America, Europe, Asia Pacific and Rest of the World) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Kerry Group PLC, Glanbia PLC, Corbion NV, Archer Daniels Midland Company, Danone and Cargill Inc.) are also presented in detail.
Key Target Audience:
  • Food & Beverage Industry
  • Catering Industry
  • Consumers
  • Investment Banks
  • Government Bodies & Regulating Authorities.


1. Market Overview
1.1 Introduction
1.2 Sources of Plant Based Protein
Table 1: Sources of Plant Based Protein
1.3 Plant Based Protein Supply Chain
Table 2: Plant Based Protein Supply Chain
1.4 Benefits of Plant Based Protein
Table 3: Benefits of Plant Based Protein
1.5 Value Chain of Plant-Based Meat
Table 4: Value Chain of Plant-Based Meat
2. Global Market Analysis
2.1 Global Plant-Based Protein Market by Value
Table 5: Global Plant-Based Protein Market by Value (2015-2019)
2.2 Global Plant-Based Protein Market Forecast by Value
Table 6: Global Plant-Based Protein Market Forecast by Value (2020-2024)
2.3 Global Plant-Based Protein Market by Source
Table 7: Global Plant-Based Protein Market by Source (2019)
2.3.1 Global Soy Protein Market by Value
Table 8: Global Soy Protein Market by Value (2015-2019)
2.3.2 Global Soy Protein Market Forecast by Value
Table 9: Global Soy Protein Market Forecast by Value (2020-2024)
2.3.3 Global Wheat Protein Market by Value
Table 10: Global Wheat Protein Market by Value (2015-2019)
2.3.4 Global Wheat Protein Market Forecast by Value
Table 11: Global Wheat Protein Market Forecast by Value (2020-2024)
2.3.5 Global Pea Protein Market by Value
Table 12: Global Pea Protein Market by Value (2014-2018)
2.3.6 Global Pea Protein Market Forecast by Value
Table 13: Global Pea Protein Market Forecast by Value (2019-2023)
2.4 Global Plant Based Protein Market by Application
Table 14: Global Plant Based Protein Market by Application (2019)
2.4.1 Global Plant-Based Food & Beverages Market by Value
Table 15: Global Plant-Based Food & Beverages Market by Value (2015-2019)
2.4.2 Global Plant-Based Food & Beverages Market Forecast by Value
Table 16: Global Plant-Based Food & Beverages Market Forecast by Value (2020-2024)
2.4.3 Global Plant-Based Nutrition & Health Supplement Market by Value
Table 17: Global Plant-Based Nutrition & Health Supplement Market by Value (2015-2019)
2.4.4 Global Plant-Based Nutrition & Health Supplement Market Forecast by Value
Table 18: Global Plant-Based Nutrition & Health Supplement Market Forecast by Value (2020-2024)
2.4.5 Global Plant-Based Animal Feed Market by Value
Table 19: Global Plant-Based Animal Feed Market by Value (2015-2019)
2.4.6 Global Plant-Based Animal Feed Market Forecast by Value
Table 20: Global Plant-Based Animal Feed Market Forecast by Value (2020-2024)
2.4.7 Global Plant-Based Pharmaceuticals Market by Value
Table 21: Global Plant-Based Pharmaceuticals Market by Value (2015-2019)
2.4.8 Global Plant-Based Pharmaceuticals Market Forecast by Value
Table 22: Global Plant-Based Pharmaceuticals Market Forecast by Value (2020-2024)
2.5 Global Plant-Based Protein Market by Region
Table 23: Global Plant Based Protein Market Value by Region (2019)
2.6 Global Plant-Based Protein Market by Segment
Table 24: Global Plant-Based Protein Market by Segment (2019)
2.7 Global Plant-Based Meat Market by Value
Table 25: Global Plant-Based Meat Market by Value (2015-2019)
2.8 Global Plant-Based Meat Market Forecast by Value
Table 26: Global Plant-Based Meat Market Forecast by Value (2020-2024)
2.9 Global Plant-Based Meat Market by Source
Table 27: Global Plant-Based Meat Market by Source (2019)
2.9.1 Global Soy-Based Meat Market Forecast by Value
Table 28: Global Soy-Based Meat Market Forecast by Value (2019-2024)
2.9.2 Global Wheat-Based Meat Market Forecast by Value
Table 29: Global Wheat-Based Meat Market Forecast by Value (2019-2024)
2.9.3 Global Pea-Based Meat Market Forecast by Value
Table 30: Global Pea-Based Meat Market Forecast by Value (2019-2024)
2.10 Global Plant-Based Meat Market by Product
Table 31: Global Plant-Based Meat Market by Product (2019)
2.11 Global Plant-Based Meat Market by Region
Table 32: Global Plant-Based Meat Market Value by Region (2019)
3. Regional Market Analysis
3.1 North America
3.1.1 North America Plant-Based Protein Market by Value
Table 33: North America Plant-Based Protein Market by Value (2015-2019)
3.1.2 North America Plant-Based Protein Market Forecast by Value
Table 34: North America Plant-Based Protein Market Forecast by Value (2019-2023)
3.1.3 The U.S. Plant-Based Protein Market by Value
Table 35: The U.S. Plant-Based Protein Market by Value (2015-2019)
3.1.4 The U.S. Plant-Based Protein Market Forecast by Value
Table 36: The U.S. Plant-Based Protein Market Forecast by Value (2020-2024)
3.1.5 North America Plant-Based Meat Market by Value
Table 37: North America Plant-Based Meat Market by Value (2015-2019)
3.1.6 North America Plant-Based Meat Market Forecast by Value
Table 38: North America Plant-Based Meat Market Forecast by Value (2020-2024)
3.1.7 The U.S. Plant-Based Meat Market by Value
Table 39: The U.S. Plant-Based Meat Market by Value (2015-2019)
3.1.8 The U.S. Plant Based Meat Market Forecast by Value
Table 40: The U.S. Plant Based Meat Market Forecast by Value (2020-2024)
3.2 Europe
3.2.1 Europe Plant Based Protein Market by Value
Table 41: Europe Plant Based Protein Market by Value (2015-2019)
3.2.2 Europe Plant Based Protein Market Forecast by Value
Table 42: Europe Plant Based Protein Market Forecast by Value (2020-2024)
3.2.3 Europe Plant Based Meat Market by Value
Table 43: Europe Plant Based Meat Market by Value (2015-2019)
3.2.4 Europe Plant Based Meat Market Forecast by Value
Table 44: Europe Plant Based Meat Market Forecast by Value (2020-2024)
3.3 Asia Pacific
3.3.1 Asia Pacific Plant Based Protein Market by Value
Table 45: Asia Pacific Plant Based Protein Market by Value (2015-2019)
3.3.2 Asia Pacific Plant Based Protein Market Forecast by Value
Table 46: Asia Pacific Plant Based Protein Market Forecast by Value (2020-2024)
3.3.3 Asia Pacific Plant-Based Meat Market by Value
Table 47: Asia Pacific Plant-Based Meat Market by Value (2015-2019)
3.3.4 Asia Pacific Plant-Based Meat Market Forecast by Value
Table 48: Asia Pacific Plant-Based Meat Market Forecast by Value (2020-2024)
3.4 RoW
3.4.1 RoW Plant Based Protein Market by Value
Table 49: RoW Plant Based Protein Market by Value (2015-2019)
3.4.2 RoW Plant Based Protein Market Forecast by Value
Table 50: RoW Plant Based Protein Market Forecast by Value (2020-2024)
3.4.3 RoW Plant-Based Meat Market by Value
Table 51: RoW Plant-Based Meat Market by Value (2015-2019)
3.4.4 RoW Plant-Based Meat Market Forecast by Value
Table 52: RoW Plant-Based Meat Market Forecast by Value (2020-2024)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Expanding Urbanization
Table 53: Global Urban Population (2014-2019)
4.1.2 Increasing Obesity Rates
Table 54: Global Obese Population (2015-2019)
4.1.3 Rising Disposable Income
Table 55: Global GDP Per Capita (2015-2019)
4.1.4 Growing Adoption of Plant-Based Food
Table 56: The U.S. Plant-based Food Sales (2017-2023)
4.1.5 Rising Health and Wellness Awareness
Table 57: Global Fitness Club Memberships (2015-2019)
4.1.6 Surging Vegan Population
4.2 Key Trends and Developments
4.2.1 Escalating Millennials Population
Table 58: The U.S. Millennial Population Forecast (2018-2023)
4.2.2 Advancements in Plant-based Protein (Ingredient Technologies)
4.2.3 Active Government Policies
4.3 Challenges
4.3.1 High Prices of Plant-based Meat
Table 59: Global Price of Plant-based Products (2019)
4.3.2 Inclining Meat Consumption
Table 60: Global Consumption of Meat (Beef, Pork & Chicken) (2014-2020)
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
Table 61: Revenue Comparison of Key Players (2018/2019)
5.1.2 Market Capitalization Comparison of Key Players
Table 62: Market Capitalization Comparison of Key Players (2020)
5.1.3 R&D Comparison of Key Players
Table 63: R&D Expenditure Comparison of Key Players (2018)
6. Company Profiles
6.1 Kerry Group PLC
6.1.1 Business Overview
6.1.2 Financial Overview
Table 64: Kerry Group PLC Revenue and Profit (2014-2018)
Table 65: Kerry Group PLC Revenue by Segment (2018)
Table 66: Kerry Group PLC Revenue by Region (2018)
6.1.3 Business Strategies
6.2 Glanbia PLC
6.2.1 Business Overview
6.2.2 Financial Overview
Table 67: Glanbia PLC Revenue and Profit (2014-2018)
Table 68: Glanbia PLC Revenue by Segment (2018)
6.2.3 Business Strategies
6.3 Corbion NV
6.3.1 Business Overview
6.3.2 Financial Overview
Table 69: Corbion NV Net Sales and Gross Profit (2014-2018)
Table 70: Corbion NV Net Sales by Segment (2018)
Table 71: Corbion NV Net Sales by Region (2018)
6.3.3 Business Strategies
6.4 Archer Daniels Midland Company
6.4.1 Business Overview
6.4.2 Financial Overview
Table 72: Archer Daniels Midland Company Revenue and Profit (2014-2018)
Table 73: Archer Daniels Midland Company Revenue by Segment (2018)
Table 74: Archer Daniels Midland Company Revenue by Region (2018)
6.4.3 Business Strategies
6.5 Danone
6.5.1 Business Overview
6.5.2 Financial Overview
Table 75: Danone Total Revenue and Net Income (2014-2018)
Table 76: Danone Total Revenue by Segment (2018)
Table 77: Danone Total Revenue by Region (2018)
6.5.3 Business Strategies
6.6 Cargill Inc.
6.6.1 Business Overview
6.6.2 Financial Overview
Table 78: Cargill Inc. Sales and Net Earnings (2015-2019)
Table 79: Cargill Inc. Sales by Region (2019)
6.6.3 Business Strategies

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