Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Plant-Based Protein Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Plant-Based Protein Market Grow Between 2024 and 2025?
The plant-based protein market has seen a significant growth in its market size. It is predicted to increase from $52.08 billion in 2024 to $64.07 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 23.0%.
How Much Will the Plant-Based Protein Market Be Worth in 2029?
The plant-based protein global market is anticipated to grow to $122.91 billion by 2029. This represents a compound annual growth rate (CAGR) of 17.7%.
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Which Plant-Based Protein Market Drivers Are Linked to Revenue Growth?
The key drivers in the plant-based protein market are:
• Regulatory support and labeling standards for plant-based foods
• Rising consumer demand for clean label and natural ingredients
• Market penetration in emerging economies and middle-income countries
• Increasing applications in functional foods, nutraceuticals, and sports nutrition.
Which Segments Are Expected to Grow in the Plant-Based Protein Market?
The plant-based proteinmarket covered in this report is segmented –
1) By Type: Isolates, Concentrates, Textured
2) By Source: Soy, Wheat, Pea, Other Sources
3) By Form: Dry, Liquid
4) By Application: Feed, Food, Other Applications
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What Are The Key Trends Impacting Growth In The Global Plant-Based Protein Market?
The key trends in the plant-based protein market are:
• One emerging trend is technological advancements in protein extraction and processing.
• Hybrid and blended products are gaining increasing popularity in the plant-based protein market.
• The market is witnessing an increase in fermented and cultivated proteins.
• Customized protein solutions and innovations in dairy alternatives are projected to be notable trends.
Who Are the Key Competitors in the Global Plant-Based Protein Market?
Major players in the plant-based protein market are:
• Archer-Daniels-Midland Company
• DuPont Nutrition & Biosciences
• Axiom Foods Inc.
• Cargill Inc.
• Kerry Group
• Ingredion Inc.
• Roquette Freres SA
• Wilmar International Ltd.
• Glanbia plc
• Cosucra Groupe Warcoing SA
• Sotexpro SAS
• Emsland Group
• Puris Proteins LLC.
• Beyond Meat Inc.
• ETChem Ltd.
• BENEO GmbH
• Tate & Lyle plc
• Shandong Jianyuan group
• American Casein Company
• Proeon Foods
• Australian Plant Proteins Pty Ltd.
• Impossible Foods Inc.
• Nestle SA
• Kellogg Company
• Conagra Brands Inc.
• Tyson Foods Inc.
• Turtle Island Foods
• Lightlife Foods Inc.
• Field Roast Grain Meat Co. Inc.
• Quorn Foods Ltd.
Where Is the Plant-Based Protein Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the plant-based protein market in 2024
