Market Size of united kingdom plant protein Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 293.9 Million |
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Market Size (2029) | USD 361.8 Million |
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Largest Share by End User | Food and Beverages |
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CAGR (2024 - 2029) | 4.25 % |
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Fastest Growing by End User | Supplements |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United Kingdom Plant Protein Market Analysis
The United Kingdom Plant Protein Market size is estimated at 293.9 million USD in 2024, and is expected to reach 361.8 million USD by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
293.9 Million
Market Size in 2024 (USD)
361.8 Million
Market Size in 2029 (USD)
4.99 %
CAGR (2017-2023)
4.25 %
CAGR (2024-2029)
Largest Market by Product Type
69.59 %
value share, Soy Protein, 2023
Soy protein dominates all plant protein types due to its high protein content, low viscosity, solubility, etc., which help it cater to extensive applications in all sectors.
Largest Market by End User
38.57 %
value share, Food and Beverages, 2023
The F&B sector dominates the market, primarily led by the meat and dairy alternatives industry due to plant protein's functionalities, which make it a highly preferred ingredient in these industries.
Fastest Growing Market by Product Type
8.84 %
Projected CAGR, Pea Protein, 2024-2029
Pea proteins are gaining high demand from meat alternatives as they provide quick rehydration, neutral taste, and texturizing properties. This is resulting in numerous product launches.
Fastest Growing Market by End User
8.32 %
Projected CAGR, Supplements, 2024-2029
The rising consumer focus on health and sports fitness is anticipated to drive the supplements segment. The preference for soy in the sector is propelling segmental growth.
Leading Market Player
22.94 %
market share, Archer Daniels Midland Company, 2021
Archer Daniels Midland Company holds the largest share of the market. The company focuses on expanding its consumer base and has collaborated with regional clients.
Rising veganism across the country drove the application of plant protein especially in animal feed and F&B sector
- The high demand for the F&B sector is attributable to the growing demand for meat and dairy alternatives amid the rising veganism in the country. Thus, the segment is anticipated to register a CAGR of 4.59%, by volume, during the forecast period. In January 2021, around 500,000 people in Europe, of whom 125,000 are based in the United Kingdom, took the Vegan Pledge to eat only vegan food, which was up by 100,000 from 2020 and almost double the number of people who signed up in 2019. In 2019, there were 600,000 vegans in the country, which accounted for 1.16% of the British population.
- The supplements segment is projected to register the fastest CAGR of 7.67% during the forecast period. This segment is majorly driven by applications of soy protein, with a share of 40.4% in 2020. It is also anticipated to be the fastest-growing protein type in the segment, with a CAGR of 8.83% during the forecast period. Consumers are shifting toward vegan sports nutrition products to improve performance and have healthier, more sustainable lifestyles. In the United Kingdom, 62% of sports nutrition users in 2021 believed that sports nutrition products made with plant proteins are healthier.
- Plant proteins hold a significant share of the animal feed industry, projected to register a growth of 2.61%, by value, in the forecast period. The UK feed industry imports more than 70% of its maize, soy, and rapeseed requirements annually. At least 90% of soy in the country is fed to animals, and, at most, 10% is used for food yearly. Soy protein is majorly fed to livestock, especially beef, chicken, egg, and dairy production.
Understand The Key Trends Shaping This Market
