Key Takeaways
- The global plant-based protein market size was valued at USD 13.4 billion in 2022 and is expected to grow to USD 35.0 billion by 2030 at a CAGR of 12.7%
- Plant-based protein sales in the US increased by 27% in 2021 compared to 2020, reaching $1.4 billion
- The European plant-based protein market is projected to reach €7.5 billion by 2025, growing at 11.5% CAGR from 2020
- 39% of US consumers tried plant-based meat in 2023, up from 33% in 2021
- Millennials represent 52% of plant-based protein purchasers in Europe
- 67% of Gen Z in US prefer plant-based proteins for health reasons, 2023 survey
- Pea protein dominates with 35% market share in supplements
- 42 new plant-based meat products launched in US in Q1 2023
- Faba bean protein isolates up 25% in new formulations 2022-2023, Europe
- Plant-based protein provides 20-25g per serving matching whey digestibility
- Soy protein reduces LDL cholesterol by 5-6% in meta-analyses
- Pea protein supports muscle gains equivalent to whey in 12-week studies
- Plant-based protein production emits 75% less GHG than animal protein
- Pea protein uses 90% less water: 400L/kg vs 4500L/kg beef
- Soy protein land use 83% lower than chicken per kg protein
The plant-based protein industry is booming globally due to its health and environmental benefits.
Consumer Demographics and Trends
- 39% of US consumers tried plant-based meat in 2023, up from 33% in 2021
- Millennials represent 52% of plant-based protein purchasers in Europe
- 67% of Gen Z in US prefer plant-based proteins for health reasons, 2023 survey
- Women account for 58% of plant-based dairy alternative buyers globally
- 45% of vegans and 28% of flexitarians increased plant-protein intake in 2022, UK data
- Hispanic consumers in US grew plant-based purchases by 50% YoY in 2022
- 72% of plant-based protein users cite environmental concerns as primary motivator, global 2023
- Urban consumers 2.5x more likely to buy plant-based proteins than rural, Asia 2023
- 55% of parents buying plant-based for children increased in 2023, US
- Boomers (55+) now 22% of plant-based buyers, up from 15% in 2020
- Low-income households plant-based adoption rose 18% in 2022, Europe
- 61% of athletes use plant-based proteins, 35% growth since 2020
- Online shoppers 40% more likely to try new plant-based proteins, 2023
- African American consumers US plant-based meat trial rate 42% in 2023
- 50% of Chinese urban millennials consume plant-based weekly
- Repeat purchase rate for plant-based proteins at 68% among flexitarians, 2023
- 76% of plant-based buyers influenced by social media, global 2023
- Pet owners 30% more likely to buy plant-based human foods, US 2023
- 64% of diabetics prefer plant-based proteins for blood sugar control
Consumer Demographics and Trends Interpretation
Health and Nutritional Benefits
- Plant-based protein provides 20-25g per serving matching whey digestibility
- Soy protein reduces LDL cholesterol by 5-6% in meta-analyses
- Pea protein supports muscle gains equivalent to whey in 12-week studies
- Plant proteins lower blood pressure by 4-5 mmHg systolic
- Hemp seed protein offers 50% protein with complete amino profile
- Rice protein improves insulin sensitivity in type 2 diabetics
- Fava bean protein aids weight loss, 1.5kg more than animal in trials
- Plant-based diets with high protein reduce inflammation markers by 20%
- Lentil protein satiety index 30% higher than white bread
- Chickpea protein lowers glycemic response by 25%
- Quinoa protein PDCAAS score of 0.99, nearly complete
- Algae protein provides omega-3s, reducing triglycerides 15%
- Mung bean protein supports bone health with high calcium bioavailability
- Pumpkin seed protein rich in magnesium, aids sleep quality 18%
- Sunflower protein high in vitamin E, antioxidant capacity 40% higher
- Amaranth protein lowers homocysteine levels by 12%, CVD risk
- Teff protein fiber content 12g/100g, gut health benefits
- Sacha inchi protein with 9g omega-3 per 100g serving
- Navy bean protein prebiotic effects increase bifidobacteria 25%
- Jackfruit protein aids digestion, high in potassium 448mg/100g
- Plant-based protein diets reduce prostate cancer risk by 35%
- Mycoprotein improves insulin sensitivity 25% better than chicken
- Blended plant proteins achieve DIAAS >1.0 for all essentials
- Plant proteins associated with 12% lower all-cause mortality
Health and Nutritional Benefits Interpretation
Market Size and Growth
- The global plant-based protein market size was valued at USD 13.4 billion in 2022 and is expected to grow to USD 35.0 billion by 2030 at a CAGR of 12.7%
- Plant-based protein sales in the US increased by 27% in 2021 compared to 2020, reaching $1.4 billion
- The European plant-based protein market is projected to reach €7.5 billion by 2025, growing at 11.5% CAGR from 2020
- Asia-Pacific plant-based protein market grew by 18.2% YoY in 2023, valued at USD 4.2 billion
- Retail sales of plant-based proteins in Canada hit CAD 500 million in 2022, up 22% from prior year
- The US plant-based meat sector alone reached $1.2 billion in sales in 2022, with 39% growth
- Global pea protein market size was USD 1.8 billion in 2023, projected to USD 3.5 billion by 2030 at 10% CAGR
- Soy protein isolates market valued at USD 3.9 billion in 2021, expected to grow to USD 5.8 billion by 2028
- Mycoprotein market anticipated to reach USD 1.2 billion by 2027 from USD 0.4 billion in 2020, CAGR 17%
- Plant-based dairy alternatives market hit USD 25 billion globally in 2022
- UK plant-based food market grew 20% in 2022 to £1.1 billion
- Brazil's plant-based protein market expanded 35% in 2022, reaching BRL 1.2 billion
- Australia plant-based meat sales up 15% to AUD 150 million in 2023
- India plant-based protein supplements market to grow at 22% CAGR to USD 500 million by 2027
- China soy-based protein market valued at USD 10 billion in 2023
- Global rice protein market size USD 0.9 billion in 2022, projected USD 1.8 billion by 2030, CAGR 9%
- Hemp protein market expected to reach USD 1.1 billion by 2028 from USD 0.6 billion in 2021
- Global plant-based egg market grew to USD 1.5 billion in 2023, CAGR 25%
- US online sales of plant-based proteins surged 45% in 2022 to $800 million
- Plant-based protein beverage market valued at USD 2.5 billion in 2023
Market Size and Growth Interpretation
Product Innovation and Types
- Pea protein dominates with 35% market share in supplements
- 42 new plant-based meat products launched in US in Q1 2023
- Faba bean protein isolates up 25% in new formulations 2022-2023, Europe
- Algal protein blends in 15% of new RTD beverages 2023
- 28% of plant-based yogurts now use chickpea protein
- Sunflower protein enters market with 5 major launches in 2023
- Lentil protein snacks grew 50% in varieties, 2023 US
- 20% of new bars feature mung bean protein
- Quinoa protein powders 18% CAGR in premium segment
- Fermented plant proteins in 12 new cheeses 2023
- Pumpkin seed protein in 8 beauty-from-within supplements
- 35 hybrid meat-plant blends launched in 2023
- Navy bean protein for pet food up 40%
- 22% of shakes now 100% plant-based with multiple sources
- Cricket flour blended with pea in 10 snacks, but focus plant
- Amaranth protein isolates in 7 gluten-free pastas
- 15 new plant-based seafood products using konjac and soy
- Teff protein in energy gels, 5 launches 2023
- 30% increase in jackfruit-based pulled pork alternatives
- Sacha inchi protein in omega-enriched bars, 9 products
Product Innovation and Types Interpretation
Sustainability and Environmental Impact
- Plant-based protein production emits 75% less GHG than animal protein
- Pea protein uses 90% less water: 400L/kg vs 4500L/kg beef
- Soy protein land use 83% lower than chicken per kg protein
- Plant-based meats reduce deforestation risk by 95%
- Lentil production carbon footprint 0.9 kg CO2e/kg vs 15 for pork
- Chickpea protein water use 1,200 L/kg protein, 88% less than dairy
- Hemp protein sequesters 10-15 tons CO2/ha annually
- Rice protein methane emissions 50% lower with sustainable farming
- Faba bean fixes 200kg N/ha, reducing fertilizer by 80%
- Quinoa cultivation biodiversity impact 70% lower than soy monoculture
- Algal protein no arable land required, yield 10x higher per area
- Mung bean drought tolerance saves 30% irrigation water
- Pumpkin seed protein crop residue recycles 95% nutrients
- Sunflower protein energy use 40% less in processing
- Amaranth low pesticide needs, 60% less chemical input
- Teff protein regenerative farming increases soil carbon 20%
- Sacha inchi agroforestry model boosts biodiversity 50%
- Navy bean crop rotation reduces erosion by 75%
- Jackfruit waste utilization cuts food loss 40% in processing
- Plant protein supply chain energy 50% lower than animal, LCA study
- Mycoprotein fungal fermentation uses 90% less land than soy
- Blended plant proteins optimize resource use, 85% GHG savings
Sustainability and Environmental Impact Interpretation
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