Asia-Pacific Plant Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Plant Protein Market is segmented by Protein Type (Wheat Protein, Soy Protein, Pea Protein and Other Types); by Form (Protein Isolates, Protein Concentrates and Textured Proteins); by Application (Bakery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, Snacks, and Other Applications); and by Geography.

Market Snapshot

Asia-Pacific Plant Protein Market - Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 6.1 %

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Market Overview

Asia-Pacific Plant Protein Market is anticipated to grow at a CAGR of 6.1% during the forecast period (2020-2025).

  • Asia-Pacific plant protein market is driven by growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in wide variety of processed foods, especially in the ready-to-eat products category.
  • China is one of the major market in the region owing to the growing prevalence of health disorders such as obesity in the country, attributed by the changing consumption patterns.
  • Soy Protein is the dominating segment in the market owing to its place in wide range of applications.

Scope of the report

Asia-Pacific Plant Protein Market is segmented by Protein Type into Wheat Protein, Soy Protein, Pea Protein and Others. The market is segmented by Form into Protein Isolates, Protein Concentrates and Textured Protein. The market is segmented by Application into Bakery, Meat Extender and Substitute, Nutritional Supplement, Beverage , Snacks, and others. The market is also segmented by Geography into China, Japan, India, Australia and Rest of Asia-Pacific.

By Product Type
Wheat Protein
Soy Protein
Pea Protein
By Form
Protein Isolate
Protein Concentrate
Textured Proteins
By Application
Meat Extenders and Substitutes
Nutritional Supplements
Other Applications
Rest of Asia-Pacific

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Key Market Trends

Growing Veganism In The Region

Hinduism and Buddhism have influenced vegetarianism in Asia for many years, and that influence has spread ,there are now 1.1 billion Hindus and nearly 500 million Buddhists globally. More than 90 per cent of Hindus live in India, and half of the world’s Buddhist population lives in China. Apart from this the growing awareness towards the animal protection and sustainable eating habits among the millennials are boosting the market growth. Countries are also adopting vegan trend as a strategy to attract more tourists to the region, countries like Singapore, Thailand etc. are among those.

New Driver.png

Indian Market Is Growing At A Faster Pace

India represents a growing and significant market for plant proteins, but is also plagued by several problems, such as low awareness levels, low per-capita income, and limitation of health awareness in urban areas. The pre-assumption towards anything labelled ‘plant-derived’ is good for health is also an effective factor influencing in the market. Lack of a rigid regulatory process proves difficult for new market players. Despite these challenges, the sheer volume of the market offers a considerable revenue jump every year. Recent governmental actions (such as the FDI in retail and smart cities initiative) are expected to propel the market’s growth. 

Asia-Pacific Plant Protein Market-2

Competitive Landscape

Asia-Pacific Plant Protein Market is a consolidated market with the major players in the market occupying a larger share of the market. With the growing demand from the region players in the market are coming up with proteins from various plant sources. The major players in the market are Cargill, Tate & Lyle, Kerry, ADM etc.

Table of Contents


    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study



    1. 3.1 Market Overview


    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Product Type

      1. 5.1.1 Wheat Protein

      2. 5.1.2 Soy Protein

      3. 5.1.3 Pea Protein

      4. 5.1.4 Others

    2. 5.2 By Form

      1. 5.2.1 Protein Isolate

      2. 5.2.2 Protein Concentrate

      3. 5.2.3 Textured Proteins

    3. 5.3 By Application

      1. 5.3.1 Bakery

      2. 5.3.2 Meat Extenders and Substitutes

      3. 5.3.3 Nutritional Supplements

      4. 5.3.4 Beverages

      5. 5.3.5 Snacks

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 Australia

      5. 5.4.5 Rest of Asia-Pacific


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill, Inc.

      2. 6.3.2 Archer Daniels Midland Company

      3. 6.3.3 DuPont, Inc.

      4. 6.3.4 Kerry Group

      5. 6.3.5 Glanbia plc

      6. 6.3.6 The Scoular Company

      7. 6.3.7 Ingredion

      8. 6.3.8 Tate & Lyle plc


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Frequently Asked Questions

The Asia-Pacific Plant Protein Market market is studied from 2016 - 2026.

The Asia-Pacific Plant Protein Market is growing at a CAGR of 6.1% over the next 5 years.

ADM, Cargill, Kerry, Tate & Lyle are the major companies operating in Asia-Pacific Plant Protein Market.

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