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

The North American Plant Protein Market is Segmented by Type (Wheat Protein, Soy Protein, Pea Protein, and Other Types), Form (Protein Isolates, Protein Concentrates, and Textured Proteins), Application (Bakery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, Snacks, and Other Applications), and Geography.

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Market Snapshot

North America Plant Protein Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 7.11 %

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Market Overview

The North American plant protein market is anticipated to register a CAGR of 7.11% during the forecast period, 2020-2025.

  • The new compositional research and modified high-moisture extrusion process are helping the growth of the plant protein market. For instance, plant protein-based chocolates that are free-from animal protein make up for a good demand in the market, for consumers who do not consume dairy.
  • Moreover, plant-based milk has observed a significant growth in recent years, with an increasing number of people turning to dairy-free options. This innovative product line of ready-to-eat products with no compromise in taste and texture has, in turn, boosted the overall plant protein market in the region.

Scope of the Report

The North American plant protein market by type, form, application, and geography. On the basis of type, the market is segmented into wheat protein, soy protein, pea protein, and other types. On the basis of form, the market is segmented into protein isolate, protein concentrate, and textured protein. On the basis of application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and other applications. The study provides an analysis of the plant protein ingredients in the emerging and established markets across the region, including the United States, Canada, Mexico, and the rest of North America.

Type
Wheat Protein
Soy Protein
Pea Protein
Other Types
Form
Protein Isolates
Protein Concentrates
Textured Proteins
Application
Bakery
Meat Extenders and Substitutes
Nutritional Supplements
Beverages
Snacks
Other Applications
Geography
United States
Canada
Mexico
Rest of North America

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Key Market Trends

Increasing Demand for Soy Protein-based Products

The soy protein segment of the North American plant protein market is propelled by demand for sports and nutrition products by athletes, bodybuilders, and recuperating patients. Additionally, the weight management category is also growing, where protein is the main constituent ingredient. A huge lactose intolerant population drives the demand for alternate dairy substitutes, such as soy protein, which characterizes North America. Furthermore, there is a substantial untapped potential for the GMO-free and clean-label based soy protein ingredients. Manufacturers are seeking eco-friendly ways of cultivating and/or sourcing soybeans to process into high quality and safe soy proteins.

north-america-plant-protein-market

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The United States Holds the Largest Market Share

The demand for plant proteins is growing at a fast rate, owing to changes in lifestyle, lack of balanced dietary intake, and improved R&D to develop new kinds of plant protein-enriched products. The United States continues to capture the largest market share for plant protein, followed by Canada and Mexico. The demand for processed and low cholesterol foods has paved the way for the plant-based protein market in the region. Nowadays, consumers are switching to other alternative products, such as green label food products, coupled with the raising awareness of healthy and plant-based products, due to an increase in the availability of counterfeit products in the market.

north-america-plant-protein-market

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Competitive Landscape

Companies, such as Roquette and Manitoba, are working in every possible way to reach out to customers with the broad product portfolio and distribution channels. Some of the major players in the North American plant protein market are Archer Daniels Midland, Cargill Inc., DuPont, Kerry Group, and Omega Protein Corporation, among others.

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions 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 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

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Wheat Protein

      2. 5.1.2 Soy Protein

      3. 5.1.3 Pea Protein

      4. 5.1.4 Other Types

    2. 5.2 Form

      1. 5.2.1 Protein Isolates

      2. 5.2.2 Protein Concentrates

      3. 5.2.3 Textured Proteins

    3. 5.3 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 United States

      2. 5.4.2 Canada

      3. 5.4.3 Mexico

      4. 5.4.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Archer Daniels Midland Company

      2. 6.4.2 Cargill Inc.

      3. 6.4.3 DuPont Inc.

      4. 6.4.4 Kerry Group

      5. 6.4.5 Scoular Company

      6. 6.4.6 Omega Protein Corporation

      7. 6.4.7 Roquette Foods

      8. 6.4.8 Avebe

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

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

The North America Plant Protein Market is growing at a CAGR of 7.11% over the next 5 years.

Archer Daniels Midland, Cargill, Inc., DuPont, Kerry Group, Roquette Foods are the major companies operating in North America Plant Protein Market.

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