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Plant Protein Ingredients Market Size

  • Report ID: GMI4289
  • Published Date: Dec 2023
  • Report Format: PDF

Plant Protein Ingredients Market Size

Plant Protein Ingredients Market is anticipated to record over 7.4% CAGR from 2023 to 2032, due to the surging consumer preference for food healthier options worldwide.


Plant Protein Ingredients Market
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The rapidly expanding vegan population is driving innovations in several meat alternatives, such as plant-based burgers and sausages. To illustrate, in March 2022, California-based plant-based meat company Impossible Foods introduced the Impossible™ plant-based Sausage Links stuffed like pork sausages. The growing regulatory support along with the establishment of several new standards for plant-based products are also contributing to the market growth.

The growing government support through investment initiatives may fuel the adoption of plant protein ingredients markets. To cite an instance, in July 2022, the Government of Canada invested over $1.4 million in plant-based food production in British Columbia to meet the evolving global demand for protein. However, the challenges in the supply of raw materials and the adverse effects caused by the consumption of certain plant protein options may hamper the market expansion to some extent.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of plant protein ingredients is set to expand at 7.4% CAGR from 2023 to 2032, owing to the surging consumer preference for food healthier options worldwide.

The bakery application segment will witness over 5% CAGR through 2032, due to large number of consumers seeking plant-based alternatives to traditional baked goods.

Europe market is poised to grow at 6% CAGR till 2032, attributed to the increasing consumer preference for clean label products with natural and simple ingredients.

Some of the prominent players include Axiom Food, Rouquette, Kerry, sonic Biochem, Prinova Group, and Cargill.

Plant Protein Ingredients Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 390
  • Countries covered: 20
  • Pages: 250
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