1. Home
  2. > Food Manufacturing
  3. > Food Ingredient Market Trends
North America Plant Protein Ingredients Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

North America Plant Protein Ingredients Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

  • September 2022
  • ID: 6321724
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The North America Plant Protein Ingredients Market stood at 4.30 billion usd in 2021 and is projected to register a CAGR of 3.26% to reach 5.05 billion usd in 2026.

Key Highlights
Largest Segment by Product Type - Soy Protein : Soy protein overpowers all the plant protein types due to its high protein content, low viscosity, solubility, etc., which caters to its extensive application in all sectors.
Largest Segment by End User - Food and Beverages : The F&B segment leads the market, mainly driven by the bakery and dairy alternative sectors. The broad functionalities of soy and wheat proteins also boost the F&B segment.
Fastest Growing Segment by Product Type - Pea Protein : Pea proteins are gaining huge demand as meat alternatives, as they provide quick rehydration, neutral taste, and texturizing properties, leading to numerous product launches.
Fastest Growing Segment by End User - Supplements : The rising consumer focus on fitness and sports is anticipated to drive the segment. The increasing preference for soy-based supplements is also boosting the segment’s growth.

Key Market Trends

Largest Segment By End User : Food and Beverages

The food and beverage segment witnessed the highest demand, followed by animal feed, in 2020. The increase in demand for plant proteins in dairy and meat alternatives is expected to drive the market during the forecast period.
The demand in the protein market is primarily driven by the increasing demand for protein functionalities, awareness about protein-rich diets, and new technological developments. Among all food and beverage segments, meat alternatives lead the demand in the protein market, owing to the proteins’ ability to mimic muscle meat texture. Also, they can be used for protein fortification in meat-alternative products. In 2020, meat alternatives claimed a 41% share in the overall plant proteins consumed in the food and beverage segment. However, the supplement segment is expected to register the highest demand for plants proteins, with a volume CAGR of 4.85% during the forecast period. The demand is high due to increased daily nutritional requirements as a result of changing lifestyles, especially in the sport/performance nutrition category.

Largest Country : United States

The United States remained the largest plant protein-consuming country in the region. Its share was majorly influenced by the growing demand for plant-based food products amid rising veganism, concerns about the environment, and the demand for sustainable protein sources. In 2020, the retail sales of plant-based food products in the United States rose by 27% compared to the previous year. Thus, the surging demand at the retail end is further expected to boost volume sales of plant proteins. Also, around 61% of consumers in the United States consider plants to be a preferred protein source over animal-based proteins.
On the other hand, Canada and Mexico held a minor volume share in 2020, majorly driven by the F&B and animal feed sectors. In terms of growth, Mexico emerged as the fastest-growing, with a projected volume CAGR of 6.35% during the forecast period, owing to the growing acceptance of plant proteins among Mexicans, particularly as meat alternatives.

Competitive Landscape

The North America Plant Protein Ingredients Market is moderately consolidated, with the top five companies occupying 48.21%. The major players in this market are Archer Daniels Midland Company, Bunge Limited, CHS Inc., DuPont de Nemours Inc. and Südzucker Group (sorted alphabetically).

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on