Plant-based Protein Market Forecast to Surge to $34.97 Billion by 2030

Overview of the Plant-Based Protein Market



As consumer preferences shift toward healthier and more sustainable options, the plant-based protein market is experiencing a significant transformation. A recent report from MarketsandMarkets projects that this market will grow from $23.89 billion in 2025 to $34.97 billion by 2030, with a compound annual growth rate (CAGR) of 7.9% during this period. This trend reflects not only a rise in demand for vegan and flexitarian diets but also an increasing interest in plant-based meat and dairy alternatives.

Growing Demand for Plant-Based Proteins



The surge in popularity of plant-based proteins can be attributed to several factors, including their nutritional benefits. With a complete protein profile and high digestibility, these proteins are becoming the preferred choice for health-conscious consumers. Moreover, the increasing presence of pea protein and various emerging sources highlights a broader acceptance and identification of non-soy-based alternatives, primarily due to rising concerns surrounding soy allergies and intolerances.

Milled protein flour has been particularly noticeable in this landscape, as it is derived from sources like soy, peas, lentils, and chickpeas. Its fine milling process maximizes protein content, widening its application in bakery products, snacks, and meat analogs. The nutritional advantages and versatile applications of these flours have made them especially appealing to health-oriented consumers.

Conventional vs. Organic Protein Sources



Among the types of plant-based proteins available, conventional options maintain the largest market share. Sourced from common ingredients like soy, wheat, peas, and chickpeas, these proteins are utilized extensively across various food and beverage industries due to their scalability and ease of sourcing. Even as more consumers switch from animal-based proteins toward plant-based foods, traditional crops often outpace organic choices in protein content, largely because of conventional farming practices utilizing fertilizers and pesticides.

Regional Market Insights



Geographically, the European market stands out with substantial growth opportunities for plant-based protein manufacturers. The rise in veganism in Europe reflects changing consumer attitudes that prioritize health and sustainability. These shifts have influenced sectors well beyond the consumer market, provoking a change in product offerings in line with new processing requirements. This trend has created new avenues for growth in the plant-based protein industry, further supported by heightened interest in sustainability practices among the population.

Major Players in the Market



The research report provides insights into key players shaping the future of the plant-based protein market, listing prominent companies, including:
  • - Cargill, Incorporated (US)
  • - ADM (US)
  • - Kerry Group PLC (Ireland)
  • - International Flavors & Fragrances Inc. (US)
  • - Ingredion Incorporated (US)
  • - Wilmar International Ltd. (Singapore)
  • - Roquette Frères (France)
  • - Glanbia PLC (Ireland)
  • - DSM-Firmenich (Switzerland)
  • - AGT Food and Ingredients (Canada)
  • - Tate & Lyle (UK)
  • - Burcon (Canada)
  • - Emsland Group (Germany)
  • - PURIS (US)
  • - COSUCRA (Belgium)

These companies are not only expanding their product lines but are also adapting to emerging market trends to stay ahead of competitors.

Conclusion



In summary, the plant-based protein market is poised for substantial growth as more individuals adopt vegan and flexible dietary patterns. The increased demand for nutritious, sustainable options underscores an evolving food landscape where plant-based ingredients play a critical role. As the industry progresses, companies will need to innovate and respond to changing preferences and requirements, particularly in terms of nutrition and sustainability.

Topics Consumer Products & Retail)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.