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Plant-based Protein Market worth $34.97 billion by 2030- Exclusive Report by MarketsandMarkets™
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Milled protein flours are experiencing significant growth in the plant-based protein market due to their versatility and high nutritional value, catering to the rising demand for plant-based diets. Derived from soy, peas, lentils, and chickpeas, these flours are finely milled to enhance protein content, making them ideal for applications in bakery, snacks, and meat analogs. Their ability to improve texture and nutritional profiles in products drives their popularity, particularly among health-conscious consumers.
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Plant-based protein ingredients are conventional and organic. Conventional plant-based protein, sourced from soy, wheat, pea, chickpeas, and others, is extensively used across food and beverage applications, including bakery products, snacks, and . Manufacturers prefer conventional options due to their flexibility in large-scale sourcing and processing without stringent organic compliance requirements. In recent years, more and more consumers have been shifting away from animal-based protein sources and opting for instead. This has led to a surge in demand for plant-based protein products. It is important to highlight that conventional crops usually have slightly higher protein levels than organic crops. This is often due to the use of fertilizers, pesticides, and other synthetic chemicals in conventional farming practices. As a result, traditional plant-based protein sources may be better equipped to meet the increasing demand for plant-based protein products.
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The European market presents significant business opportunities for manufacturers of plant-based protein ingredients. Veganism has grown exponentially in the country and now represents a considerable share of the population. Key factors encouraging this change include increasing concerns over sustainability and a high prospect of good health practices. While veganism remains a prominent trend in the consumer market, it has greatly impacted the industrial sector, leading to changes in its product offerings and the processing requirements addressed. This increasing trend of adopting veganism and shifting away from animal meat has presented significant business opportunities for companies operating in the plant-based protein industry.
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), and COSUCRA ( Belgium ).
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by Type (Isolates, Concentrates and Textured), Application (Food, Beverages), Form (Dry, Wet), Source (Chickpeas, Yellow Split Peas, Lentils), Processing Method (Dry, Wet) and Region - Global Forecast to 2029
Size, Share, Growth Analysis, Industry Trends Report by Source (Animal, Plant, Insect, and Microbial), Form, Application (Food & Beverages, Feed, Cosmetics & Personal Care Products, and Pharmaceuticals), and Region - Global Forecast to 2028
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