Plant protein refers to the protein ingredients extracted from plants like soybean, wheat, rice, pea, etc. Plant proteins have made up a higher proportion of human diet in recent years. They are considered as good meat substitutes for veganism. Rising Global focus on environmental protection, growing health consciousness, are increasing the plant-based protein ingredients market demand and promoting the development of the market.
Based on sources, plant based protein mainly include seeds, pulses (peas, chickpeas, lentils, and beans, etc.) based ingredients and grains (wheat, rice, soy, etc.) based ingredients. Soybeans are the most important source of plant protein ingredients accounting for more than half of global plant protein market share.
Major players in Global Plant Protein market include ADM, Cargill, CHS, DuPont and Cosucra, Roquette, Gushen Group, Manildra, Tereos, Kerry Group. Most of them have Manufacturing plants both in and out of Domestic countries. Other notable players/brands include Yuwang Group, Scents Holdings, Shuangta Food, Glanbia Nutritionals, Oriental Protein, Axiom Foods, Shandong Jianyuan, Glico Nutrition, etc. Market Concentration is relatively low for the Plant Protein market. Top 10 players occupied 52.24% sales share and 53.47% value share in 2019. Many small companies are facing big threat in 2020, due to the Covid-2019 impact and the instability of the international political and economic environment.

Market Analysis and Insights: Global Plant Protein Market
The global Plant Protein market is valued at US$ 5820 million in 2019. The market size will reach US$ 9766 million by the end of 2026, growing at a CAGR of 8.9% during 2021-2026.

Global Plant Protein Scope and Segment
Plant Protein market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Plant Protein market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Potato Protein
Hemp Protein
Lupin Protein
Others

Segment by Application
Food & Beverages
Pharmaceuticals & Personal Care
Animal Feed
Others

By Company
ADM
Cargill
DuPont
Kerry Group
Manildra
Roquette
Tereos
Axiom Foods
Cosucra
CHS
Glanbia Nutritionals
Glico Nutrition
Gushen Group
Yuwang Group
Scents Holdings
Shuangta Food
Oriental Protein
Shandong Jianyuan

Production by Region
North America
Europe
China
Japan
Australia
South America

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E