Market Size of France Plant Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.87 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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France Plant Protein Market Analysis
The France plant protein market is expected to grow from USD 330.1 million in 2023 at a CAGR of 4.87% over the next five years.
- The France plant protein has witnessed substantial growth in recent years, largely driven by changing consumer preferences toward sustainable and plant-based diets. As awareness of environmental and health concerns continues to rise, many French consumers are seeking alternatives to animal-based proteins, making plant proteins increasingly popular. France's younger generations are more sustainability-minded and interested in new food trends. Companies need to appeal to them with affordable and tasty offerings to ensure that alt proteins become a staple part of their diets in the future. On the other end of France's aging population, the silver generation market is huge. For instance, according to the National Institute for Demographic Studies, in 2022, approximately 13.94 million French people were over 65 years and above.
- Furthermore, plant-based protein has become the best replacement for proteins such as whey protein, egg protein, and other proteins from animal sources. This demand for plant-based proteins has risen due to the increasing vegan trend. Manufacturers are introducing their innovative plant-based products by incorporating essential nutrients and eliminating obnoxious additives and preservatives.
- In February 2021, DuPont's Nutrition & Biosciences and the ingredient company IFF announced their merger in 2021. The combined company will continue to operate under the name IFF. The complementary portfolios give the company leadership positions within a range of ingredients, including soy protein.
