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 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.
- 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
1.3 Plant Based Protein Supply Chain
1.4 Benefits of Plant Based Protein
1.5 Value Chain of Plant-Based Meat
2. GLOBAL MARKET ANALYSIS
2.1 Global Plant-Based Protein Market by Value
2.2 Global Plant-Based Protein Market Forecast by Value
2.3 Global Plant-Based Protein Market by Source
2.3.1 Global Soy Protein Market by Value
2.3.2 Global Soy Protein Market Forecast by Value
2.3.3 Global Wheat Protein Market by Value
2.3.4 Global Wheat Protein Market Forecast by Value
2.3.5 Global Pea Protein Market by Value
2.3.6 Global Pea Protein Market Forecast by Value
2.4 Global Plant Based Protein Market by Application
2.4.1 Global Plant-Based Food & Beverages Market by Value
2.4.2 Global Plant-Based Food & Beverages Market Forecast by Value
2.4.3 Global Plant-Based Nutrition & Health Supplement Market by Value
2.4.4 Global Plant-Based Nutrition & Health Supplement Market Forecast by Value
2.4.5 Global Plant-Based Animal Feed Market by Value
2.4.6 Global Plant-Based Animal Feed Market Forecast by Value
2.4.7 Global Plant-Based Pharmaceuticals Market by Value
2.4.8 Global Plant-Based Pharmaceuticals Market Forecast by Value
2.5 Global Plant-Based Protein Market by Region
2.6 Global Plant-Based Protein Market by Segment
2.7 Global Plant-Based Meat Market by Value
2.8 Global Plant-Based Meat Market Forecast by Value
2.9 Global Plant-Based Meat Market by Source
2.9.1 Global Soy-Based Meat Market Forecast by Value
2.9.2 Global Wheat-Based Meat Market Forecast by Value
2.9.3 Global Pea-Based Meat Market Forecast by Value
2.10 Global Plant-Based Meat Market by Product
2.11 Global Plant-Based Meat Market by Region
3. REGIONAL MARKET ANALYSIS
3.1 North America
3.1.1 North America Plant-Based Protein Market by Value
3.1.2 North America Plant-Based Protein Market Forecast by Value
3.1.3 The U.S. Plant-Based Protein Market by Value
3.1.4 The U.S. Plant-Based Protein Market Forecast by Value
3.1.5 North America Plant-Based Meat Market by Value
3.1.6 North America Plant-Based Meat Market Forecast by Value
3.1.7 The U.S. Plant-Based Meat Market by Value
3.1.8 The U.S. Plant Based Meat Market Forecast by Value
3.2 Europe
3.2.1 Europe Plant Based Protein Market by Value
3.2.2 Europe Plant Based Protein Market Forecast by Value
3.2.3 Europe Plant Based Meat Market by Value
3.2.4 Europe Plant Based Meat Market Forecast by Value
3.3 Asia Pacific
3.3.1 Asia Pacific Plant Based Protein Market by Value
3.3.2 Asia Pacific Plant Based Protein Market Forecast by Value
3.3.3 Asia Pacific Plant-Based Meat Market by Value
3.3.4 Asia Pacific Plant-Based Meat Market Forecast by Value
3.4 RoW
3.4.1 RoW Plant Based Protein Market by Value
3.4.2 RoW Plant Based Protein Market Forecast by Value
3.4.3 RoW Plant-Based Meat Market by Value
3.4.4 RoW Plant-Based Meat Market Forecast by Value
4. MARKET DYNAMICS
4.1 Growth Drivers
4.1.1 Expanding Urbanization
4.1.2 Increasing Obesity Rates
4.1.3 Rising Disposable Income
4.1.4 Growing Adoption of Plant-Based Food
4.1.5 Rising Health and Wellness Awareness
4.1.6 Surging Vegan Population
4.2 Key Trends and Developments
4.2.1 Escalating Millennials Population
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
4.3.2 Inclining Meat Consumption
5. COMPETITIVE LANDSCAPE
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
5.1.2 Market Capitalization Comparison of Key Players
5.1.3 R&D Comparison of Key Players
6. COMPANY PROFILES
6.1 Kerry Group PLC
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Glanbia PLC
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Corbion NV
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Archer Daniels Midland Company
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 Danone
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 Cargill Inc.
6.6.1 Business Overview
6.6.2 Financial Overview
6.6.3 Business Strategies
1.1 Introduction
1.2 Sources of Plant Based Protein
1.3 Plant Based Protein Supply Chain
1.4 Benefits of Plant Based Protein
1.5 Value Chain of Plant-Based Meat
2. GLOBAL MARKET ANALYSIS
2.1 Global Plant-Based Protein Market by Value
2.2 Global Plant-Based Protein Market Forecast by Value
2.3 Global Plant-Based Protein Market by Source
2.3.1 Global Soy Protein Market by Value
2.3.2 Global Soy Protein Market Forecast by Value
2.3.3 Global Wheat Protein Market by Value
2.3.4 Global Wheat Protein Market Forecast by Value
2.3.5 Global Pea Protein Market by Value
2.3.6 Global Pea Protein Market Forecast by Value
2.4 Global Plant Based Protein Market by Application
2.4.1 Global Plant-Based Food & Beverages Market by Value
2.4.2 Global Plant-Based Food & Beverages Market Forecast by Value
2.4.3 Global Plant-Based Nutrition & Health Supplement Market by Value
2.4.4 Global Plant-Based Nutrition & Health Supplement Market Forecast by Value
2.4.5 Global Plant-Based Animal Feed Market by Value
2.4.6 Global Plant-Based Animal Feed Market Forecast by Value
2.4.7 Global Plant-Based Pharmaceuticals Market by Value
2.4.8 Global Plant-Based Pharmaceuticals Market Forecast by Value
2.5 Global Plant-Based Protein Market by Region
2.6 Global Plant-Based Protein Market by Segment
2.7 Global Plant-Based Meat Market by Value
2.8 Global Plant-Based Meat Market Forecast by Value
2.9 Global Plant-Based Meat Market by Source
2.9.1 Global Soy-Based Meat Market Forecast by Value
2.9.2 Global Wheat-Based Meat Market Forecast by Value
2.9.3 Global Pea-Based Meat Market Forecast by Value
2.10 Global Plant-Based Meat Market by Product
2.11 Global Plant-Based Meat Market by Region
3. REGIONAL MARKET ANALYSIS
3.1 North America
3.1.1 North America Plant-Based Protein Market by Value
3.1.2 North America Plant-Based Protein Market Forecast by Value
3.1.3 The U.S. Plant-Based Protein Market by Value
3.1.4 The U.S. Plant-Based Protein Market Forecast by Value
3.1.5 North America Plant-Based Meat Market by Value
3.1.6 North America Plant-Based Meat Market Forecast by Value
3.1.7 The U.S. Plant-Based Meat Market by Value
3.1.8 The U.S. Plant Based Meat Market Forecast by Value
3.2 Europe
3.2.1 Europe Plant Based Protein Market by Value
3.2.2 Europe Plant Based Protein Market Forecast by Value
3.2.3 Europe Plant Based Meat Market by Value
3.2.4 Europe Plant Based Meat Market Forecast by Value
3.3 Asia Pacific
3.3.1 Asia Pacific Plant Based Protein Market by Value
3.3.2 Asia Pacific Plant Based Protein Market Forecast by Value
3.3.3 Asia Pacific Plant-Based Meat Market by Value
3.3.4 Asia Pacific Plant-Based Meat Market Forecast by Value
3.4 RoW
3.4.1 RoW Plant Based Protein Market by Value
3.4.2 RoW Plant Based Protein Market Forecast by Value
3.4.3 RoW Plant-Based Meat Market by Value
3.4.4 RoW Plant-Based Meat Market Forecast by Value
4. MARKET DYNAMICS
4.1 Growth Drivers
4.1.1 Expanding Urbanization
4.1.2 Increasing Obesity Rates
4.1.3 Rising Disposable Income
4.1.4 Growing Adoption of Plant-Based Food
4.1.5 Rising Health and Wellness Awareness
4.1.6 Surging Vegan Population
4.2 Key Trends and Developments
4.2.1 Escalating Millennials Population
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
4.3.2 Inclining Meat Consumption
5. COMPETITIVE LANDSCAPE
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
5.1.2 Market Capitalization Comparison of Key Players
5.1.3 R&D Comparison of Key Players
6. COMPANY PROFILES
6.1 Kerry Group PLC
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Glanbia PLC
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Corbion NV
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Archer Daniels Midland Company
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 Danone
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 Cargill Inc.
6.6.1 Business Overview
6.6.2 Financial Overview
6.6.3 Business Strategies
LIST OF FIGURES
Sources of Plant Based Protein
Plant Based Protein Supply Chain
Benefits of Plant Based Protein
Value Chain of Plant-Based Meat
Global Plant-Based Protein Market by Value (2015-2019)
Global Plant-Based Protein Market Forecast by Value (2020-2024)
Global Plant-Based Protein Market by Source (2019)
Global Soy Protein Market by Value (2015-2019)
Global Soy Protein Market Forecast by Value (2020-2024)
Global Wheat Protein Market by Value (2015-2019)
Global Wheat Protein Market Forecast by Value (2020-2024)
Global Pea Protein Market by Value (2014-2018)
Global Pea Protein Market Forecast by Value (2019-2023)
Global Plant Based Protein Market by Application (2019)
Global Plant-Based Food & Beverages Market by Value (2015-2019)
Global Plant-Based Food & Beverages Market Forecast by Value (2020-2024)
Global Plant-Based Nutrition & Health Supplement Market by Value (2015-2019)
Global Plant-Based Nutrition & Health Supplement Market Forecast by Value (2020-2024)
Global Plant-Based Animal Feed Market by Value (2015-2019)
Global Plant-Based Animal Feed Market Forecast by Value (2020-2024)
Global Plant-Based Pharmaceuticals Market by Value (2015-2019)
Global Plant-Based Pharmaceuticals Market Forecast by Value (2020-2024)
Global Plant Based Protein Market Value by Region (2019)
Global Plant-Based Protein Market by Segment (2019)
Global Plant-Based Meat Market by Value (2015-2019)
Global Plant-Based Meat Market Forecast by Value (2020-2024)
Global Plant-Based Meat Market by Source (2019)
Global Soy-Based Meat Market Forecast by Value (2019-2024)
Global Wheat-Based Meat Market Forecast by Value (2019-2024)
Global Pea-Based Meat Market Forecast by Value (2019-2024)
Global Plant-Based Meat Market by Product (2019)
Global Plant-Based Meat Market Value by Region (2019)
North America Plant-Based Protein Market by Value (2015-2019)
North America Plant-Based Protein Market Forecast by Value (2019-2023)
The U.S. Plant-Based Protein Market by Value (2015-2019)
The U.S. Plant-Based Protein Market Forecast by Value (2020-2024)
North America Plant-Based Meat Market by Value (2015-2019)
North America Plant-Based Meat Market Forecast by Value (2020-2024)
The U.S. Plant-Based Meat Market by Value (2015-2019)
The U.S. Plant Based Meat Market Forecast by Value (2020-2024)
Europe Plant Based Protein Market by Value (2015-2019)
Europe Plant Based Protein Market Forecast by Value (2020-2024)
Europe Plant Based Meat Market by Value (2015-2019)
Europe Plant Based Meat Market Forecast by Value (2020-2024)
Asia Pacific Plant Based Protein Market by Value (2015-2019)
Asia Pacific Plant Based Protein Market Forecast by Value (2020-2024)
Asia Pacific Plant-Based Meat Market by Value (2015-2019)
Asia Pacific Plant-Based Meat Market Forecast by Value (2020-2024)
RoW Plant Based Protein Market by Value (2015-2019)
RoW Plant Based Protein Market Forecast by Value (2020-2024)
RoW Plant-Based Meat Market by Value (2015-2019)
RoW Plant-Based Meat Market Forecast by Value (2020-2024)
Global Urban Population (2014-2019)
Global Obese Population (2015-2019)
Global GDP Per Capita (2015-2019)
The U.S. Plant-based Food Sales (2017-2023)
Global Fitness Club Memberships (2015-2019)
The U.S. Millennial Population Forecast (2018-2023)
Global Price of Plant-based Products (2019)
Global Consumption of Meat (Beef, Pork & Chicken) (2014-2020)
Kerry Group PLC Revenue and Profit (2014-2018)
Kerry Group PLC Revenue by Segment (2018)
Kerry Group PLC Revenue by Region (2018)
Glanbia PLC Revenue and Profit (2014-2018)
Glanbia PLC Revenue by Segment (2018)
Corbion NV Net Sales and Gross Profit (2014-2018)
Corbion NV Net Sales by Segment (2018)
Corbion NV Net Sales by Region (2018)
Archer Daniels Midland Company Revenue and Profit (2014-2018)
Archer Daniels Midland Company Revenue by Segment (2018)
Archer Daniels Midland Company Revenue by Region (2018)
Danone Total Revenue and Net Income (2014-2018)
Danone Total Revenue by Segment (2018)
Danone Total Revenue by Region (2018)
Cargill Inc. Sales and Net Earnings (2015-2019)
Cargill Inc. Sales by Region (2019)
Sources of Plant Based Protein
Plant Based Protein Supply Chain
Benefits of Plant Based Protein
Value Chain of Plant-Based Meat
Global Plant-Based Protein Market by Value (2015-2019)
Global Plant-Based Protein Market Forecast by Value (2020-2024)
Global Plant-Based Protein Market by Source (2019)
Global Soy Protein Market by Value (2015-2019)
Global Soy Protein Market Forecast by Value (2020-2024)
Global Wheat Protein Market by Value (2015-2019)
Global Wheat Protein Market Forecast by Value (2020-2024)
Global Pea Protein Market by Value (2014-2018)
Global Pea Protein Market Forecast by Value (2019-2023)
Global Plant Based Protein Market by Application (2019)
Global Plant-Based Food & Beverages Market by Value (2015-2019)
Global Plant-Based Food & Beverages Market Forecast by Value (2020-2024)
Global Plant-Based Nutrition & Health Supplement Market by Value (2015-2019)
Global Plant-Based Nutrition & Health Supplement Market Forecast by Value (2020-2024)
Global Plant-Based Animal Feed Market by Value (2015-2019)
Global Plant-Based Animal Feed Market Forecast by Value (2020-2024)
Global Plant-Based Pharmaceuticals Market by Value (2015-2019)
Global Plant-Based Pharmaceuticals Market Forecast by Value (2020-2024)
Global Plant Based Protein Market Value by Region (2019)
Global Plant-Based Protein Market by Segment (2019)
Global Plant-Based Meat Market by Value (2015-2019)
Global Plant-Based Meat Market Forecast by Value (2020-2024)
Global Plant-Based Meat Market by Source (2019)
Global Soy-Based Meat Market Forecast by Value (2019-2024)
Global Wheat-Based Meat Market Forecast by Value (2019-2024)
Global Pea-Based Meat Market Forecast by Value (2019-2024)
Global Plant-Based Meat Market by Product (2019)
Global Plant-Based Meat Market Value by Region (2019)
North America Plant-Based Protein Market by Value (2015-2019)
North America Plant-Based Protein Market Forecast by Value (2019-2023)
The U.S. Plant-Based Protein Market by Value (2015-2019)
The U.S. Plant-Based Protein Market Forecast by Value (2020-2024)
North America Plant-Based Meat Market by Value (2015-2019)
North America Plant-Based Meat Market Forecast by Value (2020-2024)
The U.S. Plant-Based Meat Market by Value (2015-2019)
The U.S. Plant Based Meat Market Forecast by Value (2020-2024)
Europe Plant Based Protein Market by Value (2015-2019)
Europe Plant Based Protein Market Forecast by Value (2020-2024)
Europe Plant Based Meat Market by Value (2015-2019)
Europe Plant Based Meat Market Forecast by Value (2020-2024)
Asia Pacific Plant Based Protein Market by Value (2015-2019)
Asia Pacific Plant Based Protein Market Forecast by Value (2020-2024)
Asia Pacific Plant-Based Meat Market by Value (2015-2019)
Asia Pacific Plant-Based Meat Market Forecast by Value (2020-2024)
RoW Plant Based Protein Market by Value (2015-2019)
RoW Plant Based Protein Market Forecast by Value (2020-2024)
RoW Plant-Based Meat Market by Value (2015-2019)
RoW Plant-Based Meat Market Forecast by Value (2020-2024)
Global Urban Population (2014-2019)
Global Obese Population (2015-2019)
Global GDP Per Capita (2015-2019)
The U.S. Plant-based Food Sales (2017-2023)
Global Fitness Club Memberships (2015-2019)
The U.S. Millennial Population Forecast (2018-2023)
Global Price of Plant-based Products (2019)
Global Consumption of Meat (Beef, Pork & Chicken) (2014-2020)
Kerry Group PLC Revenue and Profit (2014-2018)
Kerry Group PLC Revenue by Segment (2018)
Kerry Group PLC Revenue by Region (2018)
Glanbia PLC Revenue and Profit (2014-2018)
Glanbia PLC Revenue by Segment (2018)
Corbion NV Net Sales and Gross Profit (2014-2018)
Corbion NV Net Sales by Segment (2018)
Corbion NV Net Sales by Region (2018)
Archer Daniels Midland Company Revenue and Profit (2014-2018)
Archer Daniels Midland Company Revenue by Segment (2018)
Archer Daniels Midland Company Revenue by Region (2018)
Danone Total Revenue and Net Income (2014-2018)
Danone Total Revenue by Segment (2018)
Danone Total Revenue by Region (2018)
Cargill Inc. Sales and Net Earnings (2015-2019)
Cargill Inc. Sales by Region (2019)
LIST OF TABLES
Revenue Comparison of Key Players (2018/2019)
Market Capitalization Comparison of Key Players (2020)
R&D Expenditure Comparison of Key Players (2018)
Revenue Comparison of Key Players (2018/2019)
Market Capitalization Comparison of Key Players (2020)
R&D Expenditure Comparison of Key Players (2018)
