North America Plant Protein Market Trends, Size, Segment and Growth by Forecast to 2030
The North American plant protein market was valued at US$ 6,258.8 million in 2018 and is projected to reach US$ 10,431.3 million by 2027, demonstrating a CAGR of 6.2% from 2019 to 2027.
What is Plant Protein?
Plant protein is a natural protein sourced from plants like
soy, wheat, and peas. It's crucial for building healthy muscles and tissues and
can even aid in weight loss. Compared to animal proteins, plant-based proteins
are generally lower in calories and fat, but richer in fiber and vital
nutrients.
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Market Dynamics in North America
In 2018, the U.S. held the largest share of the North
American plant protein market, with Canada following. As one of the most
developed and industrialized nations in the region, the U.S. plays a
significant role in the plant protein industry.
The demand for plant proteins is surging across various
applications, particularly in dietary supplements and the food
industry. This growth is primarily fueled by:
- A
rising consumer preference for sustainable, clean, and environmentally
friendly protein alternatives.
- The
inherent health benefits of plant proteins, such as low cholesterol,
reduced saturated fat, and high nutritional value, which appeal to
health-conscious consumers in developed countries.
- Increasing
awareness of vegan proteins, especially among adults in the U.S., Canada,
and Mexico.
Furthermore, food and beverage manufacturers in the region
are increasingly incorporating plant proteins into products like bakery items,
meat and dairy alternatives, processed foods, confectionery, drinks, and
juices. This not only enhances taste, flavor, and appearance but also boosts
the nutritional value, further propelling the growth of the plant protein
market.
North America Plant Protein Strategic Insights
Strategic insights for the North America Plant Protein
provides data-driven analysis of the industry landscape, including current
trends, key players, and regional nuances. These insights offer actionable
recommendations, enabling readers to differentiate themselves from competitors
by identifying untapped segments or developing unique value propositions.
Leveraging data analytics, these insights help industry players anticipate the
market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented
perspective is essential, helping stakeholders anticipate market shifts and
position themselves for long-term success in this dynamic region. Ultimately,
effective strategic insights empower readers to make informed decisions that
drive profitability and achieve their business objectives within the market.
Market leaders and key 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 Frรจres
Ingredion
Incorporated
Glanbia plc
Burcon NutraScience
Corporation
Regional Insights – North America Plant Protein Market
The geographic scope of the North America plant protein
market encompasses the distinct regions where companies operate and compete.
Understanding regional differences—such as varying consumer preferences (e.g.,
favored protein sources like soy, pea, or rice), economic conditions, and
regulatory frameworks—is essential for developing market-specific strategies.
By identifying underserved areas or customizing product offerings to suit local
tastes and needs, businesses can enhance market penetration. A well-defined
regional focus enables more efficient allocation of resources, targeted
marketing efforts, and stronger competitive positioning, ultimately supporting
sustainable growth across key North American markets.
Market Insights
Growing Consumer Awareness of Protein-Rich Foods
Proteins are essential macronutrients that serve as the
building blocks of the human body, playing a crucial role in maintaining its
structure and function. Composed of 20 different amino acids linked by peptide
bonds, proteins support vital processes such as cellular repair, immune
defense, and nutrient transport. They are especially important for proper
growth and development in children, teenagers, and pregnant women.
Consuming adequate protein has been linked to better bone
health, helping maintain bone mass and reducing the risk of osteoporosis and
fractures. High-protein diets can also enhance metabolism and increase calorie
burning, contributing to effective weight management and fat loss. As awareness
of these health benefits grows, more consumers are seeking protein-rich foods
and beverages, driving strong demand for plant-based proteins across North
America.
Source Insights
Soy Leads as a Dominant Source of Plant Protein
In North America, the plant protein market is segmented by
source into soy, wheat, pea, and others. Among these, soy protein holds the
largest market share. Soy protein isolate, the most refined form, contains at
least 90% protein and is produced by removing most non-protein components from
defatted soy flour. It is commonly used in infant formulas and as a base for
various meat and dairy alternatives.
Soy protein powder is created from defatted soybean flakes,
which are washed to eliminate sugars and fibers before being dehydrated and
ground into powder. Another form, soy protein concentrate, typically contains
around 70% protein and is produced by removing water-soluble carbohydrates from
dehulled and defatted soybeans. Additionally, soy flour, made by grinding
soybeans into a fine powder, remains a popular choice for food manufacturers.
Type Insights
Concentrates Hold a Significant Market Share
Based on type, the North American plant protein market is
categorized into isolates, concentrates, and protein flour. Among these,
protein concentrates held a substantial share in 2018. These are typically
derived from soy, wheat, pea, quinoa, oats, beans, and nuts using heat, acid,
or enzymes. Concentrates contain 60–80% protein, with the remainder comprising
fats and carbohydrates.
As the least processed form of protein powder, concentrates
are easily absorbed and aid in faster muscle recovery after strenuous physical
activity. Their affordability and widespread availability, compared to
isolates, are major factors contributing to their growing popularity in the
market.
Application Insights
Meat Alternatives Drive Market Growth
By application, the North American plant protein market is
segmented into protein beverages, dairy alternatives, meat alternatives and
extenders, protein bars, bakery products, and others. Among these, the meat
alternatives and extenders category holds a dominant market share.
Affordable sources such as beans and legumes serve as
popular meat substitutes, with soy and pea proteins being key ingredients in
plant-based meat products. Pea protein isolates are extensively used by leading
meat-alternative brands like Beyond Meat, Gardein, Daiya, Ripple Foods, and
Just Mayo.
The rising demand for meat substitutes is driven by growing
health consciousness, increased adoption of vegan lifestyles, and concerns over
obesity linked to high meat consumption. These factors are significantly
fueling the demand for plant proteins in North America.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
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