Plant Protein Market (By Type: Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Hemp Protein, Lupin Protein, and Others; By Application: Food and Beverages, Pharmaceuticals and Personal Care, Animal Feed, and Others; By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Size, Share, Growth, Trends 2025 to 2034
The global plant protein market was valued at USD 7,416 million in 2024 and is projected to reach USD 17,079.11 million by 2034, registering a CAGR of 8.7%. This growth is driven by rising consumer demand for plant-based diets, increasing awareness of health and sustainability benefits, and expanding applications across food, beverages, and nutritional supplements.
Reports Attributes | Statistics |
Market Size in 2024 | USD 7,416 Million |
Market Size in 2025 | USD 8,061.19 Million |
Market Size in 2031 | USD 13,297.7 Million |
Market Size by 2034 | USD 17,079.11 Million |
CAGR 2025 to 2034 | 8.7% |
Base Year | 2024 |
Forecast Period | 2025 to 2034 |
The plant protein market has gained massive popularity in recent years due to increasing health awareness among individuals in developed regions. Plant-based protein comes under the spotlight due to its allergen-free nature and animal welfare trends. Some of the hindering factors of plant proteins may be the taste and texture, as compared to other supplements. However, the constant R&D investments are focusing on improving the taste by using natural enhancers. Additionally, the food industry is witnessing constant focus on sustainable alternatives, which brings plant-based food as an ideal option to meet dietary requirements. As a result, the companies are focusing on clean-label products to attract the majority of the revenue.
The plant protein market is expected to improve significantly due to the rise of artificial intelligence (AI), as it helps various food applications through taste and texture improvements. The use of AI is also being widely used for tracking consumer preferences and consumption patterns, which further helps them in creating new opportunities.
Published by Vidyesh Swar
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
Soy Protein | 2,818.08 | 3,006.82 | 3,207.08 | 3,419.42 | 3,644.44 | 3,882.72 | 4,134.89 | 4,401.54 | 4,683.29 | 4,980.75 | 5,294.52 |
Wheat Protein | 889.92 | 959.28 | 1,033.98 | 1,114.41 | 1,201.01 | 1,294.24 | 1,394.61 | 1,502.64 | 1,618.92 | 1,744.05 | 1,878.70 |
Pea Protein | 1,631.52 | 1,813.77 | 2,015.38 | 2,238.34 | 2,484.84 | 2,757.30 | 3,058.35 | 3,390.91 | 3,758.20 | 4,163.72 | 4,611.36 |
Rice Protein | 593.28 | 640.86 | 692.24 | 747.70 | 807.57 | 872.21 | 941.97 | 1,017.27 | 1,098.55 | 1,186.27 | 1,280.93 |
Potato Protein | 444.96 | 483.67 | 525.75 | 571.49 | 621.21 | 675.26 | 734 | 797.86 | 867.28 | 942.73 | 1,024.75 |
Hemp Protein | 370.80 | 419.18 | 473.18 | 533.39 | 600.50 | 675.26 | 758.47 | 851.05 | 954 | 1,068.43 | 1,195.54 |
Lupin Protein | 222.48 | 245.87 | 271.64 | 300.03 | 331.31 | 365.76 | 403.70 | 445.47 | 491.46 | 542.07 | 597.77 |
Others | 444.96 | 491.73 | 543.28 | 600.07 | 662.63 | 731.53 | 807.40 | 890.95 | 982.91 | 1,084.14 | 1,195.54 |
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
Food and Beverages | 5,191.20 | 5,610.59 | 6,063.66 | 6,553.10 | 7,081.81 | 7,652.91 | 8,269.77 | 8,936.05 | 9,655.67 | 10,432.87 | 11,272.21 |
Pharmaceuticals and Personal Care | 741.60 | 822.24 | 911.30 | 1,009.63 | 1,118.18 | 1,237.97 | 1,370.14 | 1,515.94 | 1,676.73 | 1,854.03 | 2,049.49 |
Animal Feed | 1,260.72 | 1,382.49 | 1,515.92 | 1,662.09 | 1,822.22 | 1,997.63 | 2,189.78 | 2,400.23 | 2,630.74 | 2,883.18 | 3,159.63 |
Others | 222.48 | 245.87 | 271.64 | 300.03 | 331.31 | 365.76 | 403.70 | 445.47 | 491.46 | 542.07 | 597.77 |
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
North America | 2,373.12 | 2,567.49 | 2,777.72 | 3,005.09 | 3251 | 3,516.96 | 3,804.59 | 4,115.64 | 4,452.02 | 4,815.77 | 5,209.13 |
Asia Pacific | 2,521.44 | 2,769.02 | 3,040.59 | 3,338.46 | 3,665.14 | 4,023.40 | 4,416.26 | 4,847.01 | 5,319.29 | 5,837.06 | 6,404.67 |
Europe | 2,076.48 | 2,245.04 | 2,427.22 | 2,624.10 | 2,836.86 | 3,066.79 | 3,315.25 | 3,583.73 | 3,873.83 | 4,187.29 | 4,525.96 |
LAMEA | 444.96 | 479.64 | 516.99 | 557.20 | 600.50 | 647.12 | 697.30 | 751.32 | 809.46 | 872.02 | 939.35 |
1. Market Overview
2. By Type
3. By Application
4. By Region
5. Key Players / Competitive Landscape
1. Market Overview
2. By Type
3. By Application
4. By Region
5. Key Players / Competitive Landscape
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
Soy Protein | 2,818.08 | 3,006.82 | 3,207.08 | 3,419.42 | 3,644.44 | 3,882.72 | 4,134.89 | 4,401.54 | 4,683.29 | 4,980.75 | 5,294.52 |
Wheat Protein | 889.92 | 959.28 | 1,033.98 | 1,114.41 | 1,201.01 | 1,294.24 | 1,394.61 | 1,502.64 | 1,618.92 | 1,744.05 | 1,878.70 |
Pea Protein | 1,631.52 | 1,813.77 | 2,015.38 | 2,238.34 | 2,484.84 | 2,757.30 | 3,058.35 | 3,390.91 | 3,758.20 | 4,163.72 | 4,611.36 |
Rice Protein | 593.28 | 640.86 | 692.24 | 747.70 | 807.57 | 872.21 | 941.97 | 1,017.27 | 1,098.55 | 1,186.27 | 1,280.93 |
Potato Protein | 444.96 | 483.67 | 525.75 | 571.49 | 621.21 | 675.26 | 734 | 797.86 | 867.28 | 942.73 | 1,024.75 |
Hemp Protein | 370.80 | 419.18 | 473.18 | 533.39 | 600.50 | 675.26 | 758.47 | 851.05 | 954 | 1,068.43 | 1,195.54 |
Lupin Protein | 222.48 | 245.87 | 271.64 | 300.03 | 331.31 | 365.76 | 403.70 | 445.47 | 491.46 | 542.07 | 597.77 |
Others | 444.96 | 491.73 | 543.28 | 600.07 | 662.63 | 731.53 | 807.40 | 890.95 | 982.91 | 1,084.14 | 1,195.54 |
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
Food and Beverages | 5,191.20 | 5,610.59 | 6,063.66 | 6,553.10 | 7,081.81 | 7,652.91 | 8,269.77 | 8,936.05 | 9,655.67 | 10,432.87 | 11,272.21 |
Pharmaceuticals and Personal Care | 741.60 | 822.24 | 911.30 | 1,009.63 | 1,118.18 | 1,237.97 | 1,370.14 | 1,515.94 | 1,676.73 | 1,854.03 | 2,049.49 |
Animal Feed | 1,260.72 | 1,382.49 | 1,515.92 | 1,662.09 | 1,822.22 | 1,997.63 | 2,189.78 | 2,400.23 | 2,630.74 | 2,883.18 | 3,159.63 |
Others | 222.48 | 245.87 | 271.64 | 300.03 | 331.31 | 365.76 | 403.70 | 445.47 | 491.46 | 542.07 | 597.77 |
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
North America | 2,373.12 | 2,567.49 | 2,777.72 | 3,005.09 | 3251 | 3,516.96 | 3,804.59 | 4,115.64 | 4,452.02 | 4,815.77 | 5,209.13 |
Asia Pacific | 2,521.44 | 2,769.02 | 3,040.59 | 3,338.46 | 3,665.14 | 4,023.40 | 4,416.26 | 4,847.01 | 5,319.29 | 5,837.06 | 6,404.67 |
Europe | 2,076.48 | 2,245.04 | 2,427.22 | 2,624.10 | 2,836.86 | 3,066.79 | 3,315.25 | 3,583.73 | 3,873.83 | 4,187.29 | 4,525.96 |
LAMEA | 444.96 | 479.64 | 516.99 | 557.20 | 600.50 | 647.12 | 697.30 | 751.32 | 809.46 | 872.02 | 939.35 |
To get full access to our Market Insights, you need a Professional Account or a Business Suite.
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Our customers work more efficiently and benefit from