Latest News- Plant Based Protein Products Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Plant Based Protein Products Market is being driven by Expanding global vegan population base

The Plant Based Protein Products Market is expected to grow at a CAGR of 22.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 21597.5 million. The global plant-based protein products market is projected to experience significant growth during the forecast period, driven by the increasing health consciousness among consumers. With rising instances of obesity and related diseases, there is a growing demand for natural, low-fat, and low-calorie food and beverage offerings. In response, market players are introducing new plant-based products that cater to these consumer preferences. The health and wellness trend is particularly popular among younger demographics, with consumers aged 18-32 years showing a strong inclination towards these products. 

Get more information on Plant Based Protein Products Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Soy protein
  • Wheat protein
  • Pea protein
  • Others
• Application
  • Beverages
  • Meat analogs
  • Dairy alternatives
  • Bakery products
  • Others
• Type
  • Protein concentrates
  • Protein isolates
  • Textured proteins
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Expanding global vegan population base
• Growing prominence of private label brands
• Growth in organized retailing

However, the market also witnesses some limitations, which are as follows:

• Increasing number of product recalls
• Fluctuating prices of functional foods
• Management challenges faced by manufacturers operating in market

Benefits of Buying Global Plant Based Protein Products Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Plant Based Protein Products Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Plant Based Protein Products Market encompasses various categories such as textured vegetable protein, plant-based milk, vegan cheese, protein blends, complete protein, protein supplements, plant-based snacks, vegan meal kits, and plant-based meat substitutes like imitation meat and meat analogues. These alternatives offer solutions to food security and protein deficiency, boasting high nutrient density, fiber content, and complete protein. Precision fermentation, cultivated meat, and cellular agriculture are emerging alternative protein sources. Sustainability is a key focus with food sustainability, circular economy, climate change, bio-based materials, plant-based packaging, renewable energy, and food waste reduction. Ethical eating, conscious consumption, and a plant-based lifestyle are driving trends. Food industry analysis, consumer research, product positioning, investment opportunities, and venture capital highlight the growth potential in this sector. Food innovation hubs foster development in this market.

Market Research Overview

The global packaged foods and meats market encompasses businesses engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market excludes equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Market expansion will be fueled by the health benefits linked to minimally processed foods, such as plant-based protein sources like soy, pea, and wheat, which offer nutritional advantages, including high potassium, dietary fiber, folate, vitamin A, and vitamin C content. The rising consumer preference for vegan and meat alternative products, driven by health and ethical considerations, further bolsters market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/