The Plant-based Protein Market is expected to reach $23.4 billion by 2028, at a CAGR of 9.7% during the forecast period of 2021 to 2028. A growing number of people are considering adopting vegetarian or vegan diets or lowering their consumption of animal products. With more enriched and nutrient-rich plant-based foods accessible, making the switch away from animal products is becoming simpler. With increasing world-population and welfare, the demand for protein as a food-nutritional component is rising sharply. The high protein trend is gaining traction and will continue to evoke interest in the upcoming years.
Consumers have become more aware of protein benefits in supporting an active lifestyle. Proteins can help reduce diabetes and cardiovascular disease risk. It is a vital nutrient required to build, maintain, and repair tissues, cells, and organs throughout the body. It also plays a vital role in the growth and development of children and aged people. Also, there is a growing awareness of the negative health aspect of eating red meat. This is leading to a significant increase in plant-based protein production and consumption.
Here are the top 10 companies operating in the Plant-based Protein Market
Archer Daniels Midland (ADM) Company
Founded in 1902 and headquartered at Chicago, Illinois, U.S.; ADM is involved in manufacturing, selling, and distributing food ingredients, animal feed ingredients, renewable fuels, and naturally derived alternatives to industrial chemicals. The Company‘s operations are managed into four business segments namely, agricultural services, corn processing, oilseeds processing, and wild flavors & specialty ingredients. The Company provides plant based protein through food ingredients product segment.
With around 450 crop procurement locations, 271 ingredient manufacturing facilities, and 44 innovation centers, the Company serves customers in more than 170 countries across the globe.
Founded in 1865 and headquartered at Minneapolis, U.S; Cargill, Incorporated is involved in the manufacturing and marketing of food, agriculture, and financial & industrial products & services around the world. The Company operates through five business segments, namely food ingredients & bio-industrial, animal nutrition, protein &salt, agriculture supply chain & energy, transportation & metals. The Company offers plant based protein through food and beverage segment.
With manufacturing facilities located in 70 countries, the Company sells its products across the globe.
Roquette Frères Le Romain
Founded in 1933 and headquartered at France; Roquette Frères Le Romain is involved in the production of specialty food ingredients and pharmaceutical excipients. The Company offers its products through Pharma, Food & Nutrition, and Industrial Solutions. The Company provides plant based proteins such as pea protein, wheat protein, potato protein, corn protein, and chlorella through its Food & Nutrition segment.
With the 20 operating plants and several sales subsidiaries, the Company has its geographic presence in France, United States, China, Korea, Japan, Singapore, India, Mexico, France, Italy, Spain, Romania, United Kingdom, Germany, Finland, and Russian Federation.
Founded in 1906 and headquartered in Illinois, U.S.; Ingredion Incorporated was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. The Company is involved in the producing and selling of ingredients solutions for various industries. The Company offers their products through six business segments namely, food, beverage, paper & corrugating, animal nutrition, brewing, and others. The Company offers plant based proteins through its food segment group, which are further used in processed products such as bakery products, snacks & cereals, and meat substitutes. The Company has its geographic presence in North America, South America, Asia Pacific, Europe, and Middle East and Africa.
Founded in 1972 and headquartered at Tralee, Ireland; Kerry Group is engaged in research &development and manufacturing of functional ingredients, and actives for food, beverage, and pharmaceutical industries. The Company operates via two business segments namely, taste & nutrition and consumer foods. It offers plant based proteins through its Taste and nutrition business segment. The Company‘s plant based proteins are majorly used in pet food, meat & poultry, sea food, beverages, and bakery industries. With 130 manufacturing locations in 28 countries, the Company sells its products in more than 160 countries.
Meticulous Research in its latest publication on Plant-based Protein Market has predicted the growth of 9.7% during the forecast year 2021 to 2028
E.I. Dupont De Nemours And Company
Founded in 1802 and headquartered at Delaware, U.S.; Dupont is involved in research & development, manufacturing, innovating, and marketing of range of products to agriculture, nutrition & health, bio-based industries, electronics & communications, advanced materials, and safety & protection industries. The Company operates through eight business segments namely, agriculture, performance material, nutrition & health, electronics & communications, industrial biosciences, protection solutions, sustainable solutions, and pioneer.
The Company sells plant based proteins under brand name-danisco. The Company has its geographic presence throughout the Europe, North America, Latin America, South Africa, Australia, New Zealand, and Asia.
NOW Health Group, Inc.
Founded in 1968 and headquartered at Illinois, U.S.; NOW Health Group, Inc. is involved in the manufacturing and distribution of premium quality dietary supplements and natural products. The Company provides dietary supplements, natural foods, sports nutrition, natural supplements, and personal care products. The Company offers protein powder derived from pea, soybean, rice, hemp, and quinoa.
The Company has its presence in North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Tate & Lyle PLC
Founded in 1859 and headquartered at London, U.K.; Tate & Lyle PLC is involved in producing and marketing ingredients and solutions for the food &beverage, industrials, and agriculture industries across the globe. The Company’s range of products includes nutritive sweeteners, industrial starches, ethanol, acidulants, and animal feed.
The Company offers protein derived from oat, wheat, & corn. The Company has its geographic presence throughout the Europe, North America, and Rest of the world.
Axiom Foods Inc.
Founded in 2005 and headquartered at California, U.S.; Axiom Foods Inc., is involved in the manufacturing and distribution of protein solutions, dairy alternatives, and sugars & syrups. In plant based protein space, the Company provides organic, chemical-free, hexane-free, and allergen-free whole grain brown rice protein and raw pea protein. The Company provides these plant derived proteins for food & beverages and sports nutrition industries. The Company also offers plant based proteins through its sister company Growing Naturals LLC (California), which is founded in 2009.
The Company has its geographic presence throughout the North America, Europe, and Asia-Pacific.
Founded in 1956 and headquartered at New Jersey, U.S.; AMCO Proteins is involved in developing and producing proteins for edible and cosmetic applications and protein polymers for technical applications. The Company‘s product portfolio includes milk protein, vegetable protein, whey protein, and protein hydrolysates.
With around 450 developed products and warehouse in Salt Lake City and Utah, the Company serves the customers globally.
Popular Mentions: Burcon Nutrascience Corporation (Canada), Beneo GmbH (Germany), Glico Nutrition Co., Ltd. (Japan), Glanbia plc. (Ireland), Corbion NV (the Netherlands), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).
Authoritative Research on the Plant-based Protein Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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