Group

Plant Protein Ingredients Market Overview

The Plant Protein Ingredients Market was valued at approximately USD 13.96 billion in 2023. It is projected to rise from USD 14.66 billion in 2024 to around USD 25 billion by 2035, with a compound annual growth rate (CAGR) of about 4.97% during the forecast period from 2025 to 2035.

Rising health awareness among consumers is likely to be a major driver for the Plant Protein Ingredients Market Report over the forecast period. In recent years, the consumption of fat- and carbohydrate-rich foods has increased among consumers all over the world, due to the steady growth of the fast food industry and the convenience of fast food for consumers living hectic lives in busy urban areas. This has led to a rising prevalence of lifestyle diseases such as diabetes, hypertension, and others. Growing awareness about these conditions has led to a growing awareness about the benefits of a high-protein diet. This has led to a growing consumption of protein-rich foods in recent years. This is likely to remain a major driver for the global plant protein ingredients market over the forecast period. Increasing awareness about the ability of high-protein foods such as plant protein ingredients is also likely to be a major driver for the global plant protein ingredients market over the forecast period.

The growing demand for vegan and vegetarian food is also likely to be a major driver for the global plant protein ingredients market over the forecast period. The demand for vegan and vegetarian food has grown in recent years, as many consumers have switched to a vegan or vegetarian lifestyle for various reasons. Some people have switched to veganism to protest animal cruelty, while some have joined the bandwagon due to concerns about the animal products industry’s impact on the environment. This has driven the demand for plant-based protein products, as replacing the proteins from animal sources is important for the health of vegans and vegetarians. The growing adoption of veganism and vegetarianism is likely to be a major driver for the global plant protein ingredients market over the forecast period.

Competitive Leaderboard:

The global plant protein ingredients key market players include Archer Daniels Midland Company, Kerry Group plc, Cargill Inc., AMCO Proteins, The Scoular Company, A & B Ingredients Inc., Jungbunzlauer Suisse AG, Glanbia Nutritionals Inc., Roquette Freres SA, Reliance Private Label Supplements, Ingredion Inc., Batory Foods, Cambridge Commodities Inc., PLT Health Solutions, and Axiom Foods Inc.