North America Plant Protein Market to 2027 - Regional Analysis and Forecasts by Source (Soy, Wheat, Pea, and Others); Type (Isolates, Concentrates, and Protein Flour); Application (Protein Beverages, Dairy Alternatives, Meat Alternatives and Meat Extenders, Protein Bars, Bakery, and Others), and Countries
The North America plant protein market accounted for US$ 6,258.8 Mn in 2018 and is predicted to grow at a CAGR of 6.2% during the forecast period 2019 – 2027, to account for US$ 10,431.3 Mn by 2027.
Plant protein is a natural protein derived from plant sources such as soy, wheat, pea, and others. Plant protein provides building blocks for healthy muscles and tissues in the human body and is also beneficial for weight loss. Plant-based proteins tend to be lower in calories and fat as compared to animal proteins but higher in fiber and essential nutrients.
In 2018, US dominates the North America plant protein market, followed by Canada. US is among the developed and the most industrialized countries across the North America. The US is a major economy in the region that captures maximum of the plant protein industry market share. The application of plant proteins across dietary supplements is growing at a faster rate, and a similar trend is followed by the food industry. The demand for plant proteins in US is driven by a growing demand for alternative protein types that are more sustainable, clean and creates less environmental impact during production. Additionally, plant proteins contain low cholesterol and saturated fat, and it contains a high nutritional value, which appeals to health-conscious consumers in developed countries. Moreover, rising awareness about the vegan protein, especially among the adult age group, is rising not only in the US and Canada but also in Mexico. These factors further propel the demand for plant protein in the North America region. The food and beverage manufacturers in the region are experimenting to use healthy ingredients across various segments such as bakery, meat alternative, dairy alternative, processed food, confectionery, drinks, juices, etc. in order to enhance the taste, flavor, appearance and nutritional value which would also aid the growth of plant protein market.
North America Plant Protein Market
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Market Insights
Rising consumer awareness about protein-rich food
Proteins are building blocks to maintain the structure and functions of the human body. Proteins are made up of amino acids that are attached by peptide bonds in long chains. There are 20 different kinds of amino acids linked together that determines the role of protein in the human body. Proteins play a key role in transporting molecules throughout the body by helping in cell repair and protecting the body from viruses and bacteria. It also promotes proper growth and development in children, teenagers, and pregnant women. People consuming more protein tend to maintain bone mass better and have a much lower risk of osteoporosis and fractures. High protein intake has resulted in boosting metabolism that results in the burning of a high amount of calories. This further helps in proper weight management and weight loss. These benefits of protein are attracting consumers towards protein-rich food and beverages available in the market. This further creates a huge demand for plant proteins across North America.
Source Insights
Based on source, the North America plant protein market is bifurcated as soy, wheat, pea, and others. The soy segment led the North America plant protein market by source. Soy protein isolate is a highly refined form of soy protein, with a protein content of minimum 90%. It is made from defatted soy flour from which most of the non-protein components, including fats and carbohydrates, are removed. Soy protein powder is made from defatted soybean flakes washed in either alcohol or water to remove the sugars and dietary fibers. They are then dehydrated and ground into powder. Soy protein powder is used to make infant soy formulae, as well as a variety of meat and dairy alternatives. Soy protein concentrates typically contain 70% soy protein and is basically defatted soy flour without the water-soluble carbohydrates. This form of protein is made by removing part of the carbohydrates from dehulled and defatted soybeans. Soy flour is made by grinding soybeans into a fine powder.
Type Insights
The North America plat protein market is bifurcated based on type into isolates, concentrates, and protein flour. The concentrates segment held a significantly large share of the North America plant protein market in 2018. Plant protein concentrates are produced by extracting protein from various sources such as soy, wheat, pea, quinoa, oats, beans, and nuts. Using heat and acid or enzymes. These typically supply 60–80% protein, with the remaining 20–40% composed of fat and carbs. The concentrated plant protein is the least processed type of protein powder. Plant protein in the concentrated form helps the muscles to recover quickly from heavy exercise as it is absorbed quickly by the body. Therefore, easy availability of plant protein concentrates coupled with lower prices compared to plant protein isolates are the key factors boosting the market.
Application Insights
The North America plant protein market is bifurcated based on application into protein beverages, dairy alternatives, meat alternatives and meat extenders, protein bars, bakery, and others. The meat alternatives and meat extenders segment accounted for a major share in the North America plant protein market. Beans and legumes are affordable sources of plant protein that serve as a meat substitute. Soy is also among the major source for producing meat alternatives. Pea protein isolates are mainly used by meat-alternative manufacturers such as Daiya, Gardein, Ben & Jerry's, Beyond Meat, Just Mayo, and Ripple Foods, among others. Therefore, surge in demand and production for meat alternatives results in higher demand for plant proteins. The demand for meat alternatives is increasing due to growing health concerns among consumers and growing preference for vegan food. Further, rising obesity levels due to the consumption of meat and meat products have led to an increasing consumer preference for meat substitutes.
North America Plant Protein Market by Type
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Strategic Insights
New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in North America plant protein market. Few of the recent developments in the North America plant protein market are listed below:
2020: Archer Daniels Midland (ADM) acquired natural plant-based extracts and ingredients manufacturer Yerbalatina Phytoactives to strengthen its position in the health and wellness market.
2019: Marfrig Global Foods entered into an agreement with Archer Daniels Midland Company (ADM) for the manufacture and sale of vegetable protein-based products in Brazil.
2017: US-based plant protein ingredients producer Axiom Foods launched its pea protein meat analogue at IFT in Las Vegas.
NORTH AMERICA PLANT PROTEIN MARKET SEGMENTATION
North America Plant Protein Market - By Source
- Soy
- Wheat
- Pea
- Others
North America Plant Protein Market - By Type
- Isolates
- Concentrates
- Protein Flour
North America Plant Protein Market - By Application
- Protein Beverages
- Dairy Alternatives
- Meat Alternatives and Meat Extenders
- Protein Bars
- Bakery
- Others
North America Plant Protein Market - By Country
- US
- Canada
- Mexico
Company Profiles
- E. I. Du Pont De Nemours and Company
- Archer Daniels Midland Company
- Kerry Group
- Koninklijke DSM N.V.
- Axiom Foods, Inc
- Cargill, Incorporated
- Roquette Frères
- Ingredion Incorporated
- Glanbia plc
- Burcon NutraScience Corporation
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Plant Protein Market – By Source
1.3.2 North America Plant Protein Market – By Type
1.3.3 North America Plant Protein Market – By Application
1.3.4 North America Plant Protein Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Plant Protein Market Landscape
4.1 Market Overview
4.1.1 North America PEST Analysis
5. Plant protein Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Health Benefits Associated with Plant Protein Consumption
5.1.2 Rising Consumer Awareness About Protein-Rich Food
5.2 Key Market Restraints
5.2.1 Volatility in the Prices of Plant Protein Sources
5.3 Key Market Opportunities
5.3.1 Emerging Use of Plant Protein in Sports Nutrition and Cosmetic Application
5.4 Future Trends
5.4.1 Rising Inclination Toward Vegan Diet and Plant-Based Protein
6. Plant Protein – North America Market Analysis
6.1 North America Plant Protein Market Overview
6.2 North America Plant Protein Market Forecast and Analysis
7. North America Plant Protein Market Analysis – By Source
7.1 Overview
7.2 North America Plant Protein Market Breakdown, By Source, 2018 & 2027
7.3 Soy
7.3.1 Overview
7.3.2 North America Soy Protein Market, in terms of Volume and Value, Forecasts To 2027 (Kiloton and US$ Mn)
7.4 Wheat
7.4.1 North America Wheat Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
7.5 Pea
7.5.1 Overview
7.5.2 Pea Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
7.6 Other Sources
7.6.1 Overview
7.6.2 Others Source Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton and US$ Mn)
8. North America Plant Protein Market Analysis – By Type
8.1 Overview
8.2 North America Plant Protein Market Breakdown, By Type, 2018 & 2027
8.3 Isolates
8.3.1 Overview
8.3.2 North America Plant Protein Isolates Market, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
8.4 Concentrates
8.4.1 Overview
8.4.2 North America Plant Protein Concentrates Market, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
8.5 Protein Flour
8.5.1 Overview
8.5.2 North America Protein Flour Type Market, In Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
9. North America Plant Protein Market Analysis – By Application
9.1 Overview
9.2 North America Plant Protein Market Breakdown, By Application, 2018 & 2027
9.3 Protein Beverages
9.3.1 Overview
9.3.2 North America Plant Protein Market for Protein Beverages, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
9.4 Dairy Alternatives
9.4.1 Overview
9.4.2 North America Plant Protein Market for Dairy Alternatives, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
9.5 Meat Alternatives and Meat Extenders
9.5.1 Overview
9.5.2 North America Plant Protein Market for Meat Alternatives and Meat Extenders, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
9.6 Protein Bars
9.6.1 Overview
9.6.2 North America Plant Protein Market for Protein Bars, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
9.7 Bakery
9.7.1 Overview
9.7.2 Bakery Application Market, Volume and Revenue Forecasts To 2027 (kiloton and US$ Mn)
9.8 Other Applications
9.8.1 Overview
9.8.2 North America Plant Protein Market for Other Applications, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
10. Plant Protein Market – Country Analysis
10.1 Overview
10.1.1 North America Plant Protein Market Breakdown, by Country
10.1.1.1 US Plant Protein Market, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
10.1.1.1.1 US Plant Protein Market Breakdown, by Source
10.1.1.1.2 US Plant Protein Market Breakdown, by Type
10.1.1.1.3 US Plant Protein Market Breakdown, by Application
10.1.1.2 Canada Plant Protein Market, in Terms of Volume and Value, Forecasts to 2027 (kiloton and US$ MN)
10.1.1.2.1 Canada Plant Protein Market Breakdown, by Source
10.1.1.2.2 Canada Plant Protein Market Breakdown, by Type
10.1.1.2.3 Canada Plant Protein Market Breakdown, by Application
10.1.1.3 Mexico Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (kiloton and US$ MN)
10.1.1.3.1 Mexico Plant Protein Market Breakdown, by Source
10.1.1.3.2 Mexico Plant Protein Market Breakdown, by Type
10.1.1.3.3 Mexico Plant Protein Market Breakdown, by Application
11. Industry Landscape
11.1 Overview
11.2 Product news
11.3 Merger And Acquisition
12. Company Profiles
12.1 E. I. Du Pont De Nemours and Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Archer Daniels Midland Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kerry Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Koninklijke DSM N.V.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Axiom Foods, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Cargill, Incorporated
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Roquette Frères
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ingredion Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Glanbia plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Burcon NutraScience Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Plant Protein Market Revenue and Forecasts to 2027 (Kiloton)
Table 2. North America Plant Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Table 3. North America Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Source (Kiloton)
Table 4. North America Plant Protein Market, Revenue and Forecast to 2027 – By Source (US$ Mn)
Table 5. North America Plant Protein Market Revenue and Forecasts to 2027 – By Type (Kiloton)
Table 6. North America Plant Protein Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 7. North America Plant Protein Market Revenue and Forecasts to 2027 – By Application (kiloton)
Table 8. North America Plant Protein Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 9. US Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Source (Kiloton)
Table 10. US Plant Protein Market, Revenue and Forecast to 2027 – By Source (US$ Mn)
Table 11. US Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Type (Kiloton)
Table 12. US Plant Protein Market, Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 13. US Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Application (Kiloton)
Table 14. US Plant Protein Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 15. Canada Plant Protein Market, in Terms Volume, Forecast to 2027 – By Source (Kiloton)
Table 16. Canada Plant Protein Market, Revenue and Forecast to 2027 – By Source (US$ Mn)
Table 17. Canada Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Type (Kiloton)
Table 18. Canada Plant Protein Market, Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 19. Canada Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Application (Kiloton)
Table 20. Canada Plant Protein Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 21. Mexico Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Source (Kiloton)
Table 22. Mexico Plant Protein Market, Revenue and Forecast to 2027 – By Source (US$ Mn)
Table 23. Mexico Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Type (Kiloton)
Table 24. Mexico Plant Protein Market, Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 25. Mexico Plant Protein Market, in Terms of Volume, Forecast to 2027 – By Application (Kiloton)
Table 26. Mexico Plant Protein Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 27. Glossary of Terms, North America Plant Protein Market
LIST OF FIGURES
Figure 1. North America Plant Protein Market Segmentations
Figure 2. North America Plant Protein Market Segmentation – By Country
Figure 3. North America Plant Protein Market Overview
Figure 4. The Soy Segment Held The Largest Share In The North America Plant Protein Market
Figure 5. US Dominated The North America Plant Protein Market In 2018
Figure 6. North America Plant Protein Market, Industry Landscape
Figure 7. North America - PEST Analysis
Figure 8. North America Plant Protein Market Impact Analysis of Driver and Restraints
Figure 9. North America Plant Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton)
Figure 10. North America Plant Protein Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 11. North America Plant Protein Market Breakdown by Source, by Value 2018 and 2027 (%)
Figure 12. North America Soy Protein Market, in Terms of Volume and Value, Forecast to 2027 (kiloton and US$ Mn)
Figure 13. North America Wheat Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 14. Pea Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 15. Others Source Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton and US$ Mn)
Figure 16. North America Plant Protein Market Breakdown by Type, 2018 & 2027 (%)
Figure 17. North America Plant Protein Isolates Market, in Terms of Volume and Value, 2027 (kiloton and US$ Mn)
Figure 18. North America Plant Protein Concentrates Market, In Terms of Volume and Value, 2027 (kiloton and US$ Mn)
Figure 19. North America Protein Flour Type Market, in Terms of Volume and Value, 2027 (Kiloton and US$ Mn)
Figure 20. North America Plant protein Market Breakdown by Application, in Terms of Value 2018 & 2027 (%)
Figure 21. North America Plant protein Market for Protein Beverages, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 22. North America Plant Protein Market for Dairy Alternatives, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 23. North America Plant Protein Market for Meat Alternatives and Meat Extenders, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
Figure 24. North America Plant protein Market for Protein Bars, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 25. Bakery Application Market, Volume and Revenue Forecasts To 2027 (kiloton and US$ Mn)
Figure 26. North America Plant Protein Market for Other Applications, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
Figure 27. North America Plant Protein Market Breakdown by Country, by Value 2018 & 2027(%)
Figure 28. US Plant Protein Market, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 29. Canada Plant Protein Market, in Terms of Volume and Value, Forecasts to 2027 (kiloton and US$ MN)
Figure 30. Mexico Plant Protein Market, in Terms of Volume and Value, Forecasts to 2027 (kiloton and US$ MN)
The List of Companies - North America Plant Protein Market
- E. I. Du Pont De Nemours and Company
- Archer Daniels Midland Company
- Kerry Group
- Koninklijke DSM N.V.
- Axiom Foods, Inc
- Cargill, Incorporated
- Roquette Frères
- Ingredion Incorporated
- Glanbia plc
- Burcon NutraScience Corporation
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America plant protein market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.