Europe Plant Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Plant Protein Market is segmented by Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Oat Protein, and Other Types), Form (Protein Isolate, Protein Concentrate, and Textured Proteins), Application (Bakery, Meat Substitute, Nutritional Supplement, Beverage, Snacks, and Other Applications), and Geography (Germany, United Kingdom, Spain, France, Italy, Russia, and Rest of Europe). The report offers market size and forecasts for plant protein (in USD million) for the above segments.

Market Snapshot

europe-plant-protein-market
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

6.66 %

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Market Overview

The European plant protein market is projected to reach USD 3.8 billion by 2026, at a CAGR of 6.66%, during the forecast period 2021-2026.

The COVID-19 has placed unprecedented stress on the overall supply chain of the plant protein ingredients. Faced with falling European production and social distancing measures, protein-rich plant by-product markets risk entering a phase of greater instability.

The growing trend toward vegan diets and incorporation of plant proteins in processed foods are the major factors driving the market studied. The allergies caused by animal proteins and the abundant amount of nutrients present in plant proteins are also driving the customers toward consuming plant proteins.

The market studied witnessed a significant increase in the adoption of soy protein across several end-user industries, due to its high sustainability. The functional property of soy protein and its natural health benefit compared to animal protein are boosting the market growth in this region.

However, it is no longer soya and ancient grains that are the main alternatives to meat and dairy. Innovation is already on the way to integrating high-protein pulses, such as lupine and chickpeas, algal ingredients, including spirulina, and insects into packaged food and beverages.

Scope of the Report

Plant protein is a food source of protein obtained from plants. This group can include pulses, tofu, soya, tempeh, seitan, nuts, seeds, certain grains and even peas. The Europe Plant Protein Market is segmented by Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Oat Protein, and Other Types), Form (Protein Isolate, Protein Concentrate, and Textured Proteins), Application (Bakery, Meat Substitute, Nutritional Supplement, Beverage, Snacks, and Other Applications), and Geography (Germany, United Kingdom, Spain, France, Italy, Russia, and Rest of Europe)

By Type
Wheat Protein
Soy Protein
Pea Protein
Rice Protein
Oat Protein
Other Ingredient Types
By Form
Protein Isolate
Protein Concentrate
Texture Protein
By Application
Bakery
Meat Extender
Nutritional Supplement
Beverage
Snacks
Other Applications
Geography
Germany
United Kingdom
France
Spain
Italy
Russia
Rest of Europe

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Key Market Trends

Soy Protein Recorded the Highest Market Share

Soy protein is available in flour, concentrate, and isolate format. Soy protein is widely being incorporated as ingredients in processed food, as a protein supplement, and even available as a protein drink. Other plant protein sources, such as legumes, have gained popularity, due to their low-fat content and adequate amounts of macronutrients, including folate, iron, zinc, and calcium. Pea proteins are perceived as a cost-effective way to follow a healthy lifestyle, as it is a complete protein that contains all nine essential amino acids (unlike rice or beans). Major players are coming up with various forms of protein and are investing more in improving the performance of their existing products, as well as in developing new formulations. For instance, ADM has launched an energy drink incorporated with soy protein, which is available in the United States and European markets.

europe-plant-protein-market

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United Kingdom Represents Largest Market in the Region

Plant-based protein is considered to be a healthy alternative and the most preferred source of protein for consumers seeking inclusion of a good proportion of protein in their diet. It is also experiencing great demand among consumers who are living a vegan lifestyle. According to Statista, in 2016, 0.46% of the population in Great Britain was vegan, which increased to 1.16% in 2019. Due to the increasing shift from animal-based diets, British consumers are seeking sources of protein that are derived from plants, thus, fueling the UK plant protein market’s growth. Moreover, the UK government is encouraging healthy eating and lifestyle among its citizens. This is further leading to the growth potential for the plant protein ingredients, which is marketed as natural, wholesome, and healthy. The popularity and the trend have been observed in the retail chain as well as in the hotel and resort industries of the United Kingdom, where farms like Meatless Farm, Quorn Foods are promoting plant-based meat products and snacks to the consumer by addressing their health, taste, and ethical concerns related to conventional meat and dairy products.

europe-plant-protein-market

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Competitive Landscape

The European plant protein market is competitive, with the presence of various strong players. Cargill Incorporated, Archer Daniels Midland, Kerry Inc., DuPont, and Glanbia PLC are some major players operating in the European plant protein market. The market is occupied by various small companies, such as Scoular, Axiom foods, and Growing Naturals LLC. The major players are competing among themselves to obtain the major market share, and as a part of their strategies they acquire small local companies, extend their production lines, and develop new products. The leading players in the market studied have a dominant presence across the European region. These players focus on leverage opportunities posed by the emerging markets to expand their product portfolio to cater to the requirements for various product segments, like meat substitutes and dairy-free products.

Recent Developments

  • In December 2020, Cargill added Pea Protein to its portfolio of ingredients in Europe. The addition of pea protein in Europe will help food and beverage manufacturer to meet the increasing demand for plant-based and nutritious products.
  • In October 2020, ADM expanded the production of non-GMO soy protein concentrate in Europoort, Netherlands. The production of non-GMO soy protein concentrate would be available in powder and can be used in all type of food application.
  • In April 2018, Kerry acquired Ojah BV, a Dutch plant protein manufacturing company, in order to commercialize the latter’s High Moisture Extrusion (HME) technology of texturizing vegetable proteins, like meat and fish alternatives.
  • In August 2016, DuPont Nutrition and Health launched six plant-based protein nuggets in its Supro® and Trupro™ range, with an aim to increase protein content in nutrition bars, snacks, and cereals while providing exceptional eating experiences.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Wheat Protein

      2. 5.1.2 Soy Protein

      3. 5.1.3 Pea Protein

      4. 5.1.4 Rice Protein

      5. 5.1.5 Oat Protein

      6. 5.1.6 Other Ingredient Types

    2. 5.2 By Form

      1. 5.2.1 Protein Isolate

      2. 5.2.2 Protein Concentrate

      3. 5.2.3 Texture Protein

    3. 5.3 By Application

      1. 5.3.1 Bakery

      2. 5.3.2 Meat Extender

      3. 5.3.3 Nutritional Supplement

      4. 5.3.4 Beverage

      5. 5.3.5 Snacks

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Germany

      2. 5.4.2 United Kingdom

      3. 5.4.3 France

      4. 5.4.4 Spain

      5. 5.4.5 Italy

      6. 5.4.6 Russia

      7. 5.4.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Key Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Archer Daniels Midland

      2. 6.3.2 Cargill Incorporated

      3. 6.3.3 Roquette Freres

      4. 6.3.4 Kerry Inc.

      5. 6.3.5 Emsland Group

      6. 6.3.6 Roquette

      7. 6.3.7 Glanbia PLC

      8. 6.3.8 Avebe

      9. 6.3.9 Ingredion Incorporated

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

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

The Europe Plant Protein Market is growing at a CAGR of 6.66% over the next 5 years.

  • Archer Daniels Midland
  • Cargill Incorporated
  • Kerry Inc.
  • DuPont
  • Glanbia PLC

Are the major companies operating in Europe Plant Protein Market.

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