Plant-Based Protein Market to Reach USD 24.79 Billion by 2033 Driven by Rising Vegan Demand and Functional Food Innovation

The global plant-based protein market size was valued at USD 13.60 billion in 2024. It is projected to reach from USD 14.54 billion in 2025 to USD 24.79 billion by 2033, growing at a CAGR of 6.9% during the forecast period (2025-2033).

Market Scope and Research Methodology

This report includes a multi-level regional assessment spanning global, regional, and country-specific markets. The analysis highlights market penetration, regional market leadership, and the strategic approaches adopted by prominent companies. A detailed SWOT analysis identifies the strengths, weaknesses, opportunities, and challenges within the market.

The primary goal of the Plant-based Protein Market Report is to provide clear insights into market behavior, emerging trends, and the factors influencing market performance. The study evaluates market structure, segmentation, and forecasted market size while examining growth drivers, industry barriers, and opportunities stemming from technological progress, regulatory frameworks, cost efficiencies, and evolving consumer needs.

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Regional Insights

The report presents an in-depth regional assessment of the Plant-based Protein Market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region is analyzed based on key parameters such as market size, growth rate, trade activities, and overall industry development. This segmentation supports a deeper understanding of the competitive dynamics and market potential within each geographical area.

Market Segmentation

1. By Source
   1. Soy
   2. Wheat
   3. Pea
   4. Beans
2. By Type
   1. Isolates
   2. Concentrates
   3. Protein Flour
3. By Application
   1. Protein Beverages
   2. Supplement & Nutritional Powder
   3. Beverages
   4. Protein & Nutritional Bars
   5. Bakery & Snacks
   6. Breakfast Cereals
   7. Meat Products
   8. Dairy Products
   9. Infant Nutrition
   10. Animal Feed
   11. Others

Key Market Players

1. Cargill Incorporated (The U.S.)
2. Archer Daniels Midland Company (The U.S.)
3. Glanbia
4. Plc (Ireland)
5. Kerry Group plc (Ireland)
6. DuPont de Nemours Inc.(The U.S.)
7. Axiom Foods Inc.(The U.S.)
8. Gemef Industries
9. Greenway Organics (Tianjin) Co. Ltd.
10. BENEO GmbH
11. Aminola
12. Royal Ingredients Group
13. Farbest Brands
14. The Green Labs LLC
15. Vestkorn Milling AS
16. Now Health Group Inc
17. Prolupin GmbH
18. A&B Ingredients

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Key Questions Addressed

• What is Plant-based Protein Market?
• What was the market size of the Plant-based Protein Market in 2024?
• What CAGR is expected for the market during the forecast period?
• Which factors are expected to drive market growth?
• What are the major segments of the market?
• Which strategies are companies adopting to strengthen their market presence?
• What emerging applications and trends are shaping the industry?
• Who are the key players in the Plant-based Protein Market?
• What are the portfolios and competencies of leading market participants?

About Us

For over a decade, Straits Research has been a trusted partner to more than 2,087 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.