The size of the Europe plant-based protein market is estimated to reach USD 11.81 billion by 2029 from USD 6.35 billion in 2024, growing at a CAGR of 13.22% from 2024 to 2029.
Protein is made up of amino acids and is a basic nutrient needed by the human body. These proteins, obtained from plant foods such as wheat and soybeans, are called plant proteins. Plant-based protein is a great source of protein that can help reduce animal protein in your diet. It contains nutrients such as fiber, vitamins, minerals, antioxidants, and very little saturated fat. A variety of plant sources, including peanuts, lentils, almonds, chickpeas, spirulina, quinoa, and chia seeds, can provide a large amount of protein your body needs. Because Plant-Based Protein is low in calories, it can be consumed in place of animal protein for weight loss. Vegetable protein is not only a good source of protein, but it is also very nutritious because it provides other nutrients such as fiber, vitamins, and minerals.
Growth in the health and wellness sector is driven by increased use of diet plans that include plant-based protein, health and fitness clubs, and increased education and awareness about obesity. Changes in consumer preferences for organic and plant products and the adoption of a healthy lifestyle by millennials are driving the growing market demand for European Plant-Based Protein in the future. Plant-based protein contains very little saturated fat, sodium, and cholesterol, providing amazing benefits, such as improving gut health and reducing the risk of cancer and cardiovascular disease. All of these factors are driving the growth of the European Plant-Based Protein market.
The European Plant-Based Protein market has seen significant growth due to factors such as the wide application of dairy alternatives, protein drinks, protein bars, sports nutrition, meat alternatives, nutritional supplements, bakery products, and more. Plant-based diets are rich in nutrients like magnesium, protein, potassium, and vitamins K and C, which can improve muscle and bone health in people of all ages. In addition, plant proteins contain sulfur amino acids and tryptophan. These nutrients help the body make proteins and certain brain-signaling chemicals. Oat protein, a type of plant protein, contains high amounts of essential amino acids that help build muscle, trigger chemical reactions in the body, transport nutrients, prevent disease, and perform other functions. In addition, the availability of sources of meat protein as a substitute for vegetable protein may also influence the growth of the European Plant-Based Protein market.
Plant-based protein drinks are in high demand due to the increase in vegetarians, along with growing consumer awareness of the importance of protein in a weight loss diet. The growing awareness of the benefits of protein alongside a growing vegan population is a major factor supporting the growth of the European Plant-Based Protein market. Increasing demand for plant foods and growing consumer interest in protein-rich foods are some of the important factors driving demand for plant-based protein products around Europe. In addition, it is expected to play an important role in the European demand for plant proteins, as the majority of the population in developed countries increasingly adopts a vegan lifestyle. Other factors driving European Plant-Based Protein market growth include rising disposable income, rapid urbanization, increasing demand for high-protein diets, changes in consumer spending patterns, and growing concern about sourced products. Changing consumer preferences have shown a shift in consumers looking to adapt to a more nutritious diet with a focus on a more sustainable lifestyle and less dependence on animal protein, which could boost the European Plant-Based Protein market. Growing concern for animal products and the environment is driving a growing proportion of consumers to implement flexible diets that include European Plant-Based Protein as a key nutritional component.
The increasing use of soy protein in the food industry and the growing health and wellness sector will drive the European Plant-Based Protein market. The growing popularity of plant proteins in nutraceuticals for sports supplements may help athletes increase endurance and improve performance, and during the forecast period, plant protein manufacturers in the nutraceutical industry will have a number of lucrative opportunities. However, with the steady growth of the food processing industry and the agricultural industry, there are opportunities for market participants to invest in the European Plant-Based Protein market. The demand for healthy foods will continue to grow due to fighting obesity and the prevalence of disease due to lifestyle changes which in turn increased the European Plant-Based Protein market growth.
However, the volatility of the prices of plant protein sources can hamper the growth of the European Plant-Based Protein market. The availability of alternative protein products, such as soy-free and gluten-free, may inhibit future European Plant-Based Protein market growth.
The COVID-19 outbreak has had a positive impact on the European Plant-Based Protein market as the adoption of plant-based products increases and the demand for healthier lifestyles among the population has increased. The demand for the European plant-based protein market is gearing up eventually.
This research report on the Europe plant-based protein market has been segmented and sub-segmented based on the following categories.
Europe Plant-based Protein Market - By Type:
The isolates segment is expected to grow at a higher CAGR during the forecast period due to a number of benefits, such as a high concentration of protein, easily digestible, and used as a raw material in a variety of applications, such as baby food, drinks, and other foods. In addition to this, isolates are protein products in the most purified form and provide functional properties with a unique taste. All of these factors are further driving the segment's growth.
Europe Plant-based Protein Market - By Application:
The protein beverages segment is expected to occupy the largest market share in the global market for plant proteins as the vegan population increases and awareness of the health benefits of plant proteins among consumers increases. Additionally, the growing health and wellness trend will support the growth of the food sector as concerns about the health of animal products increase.
Europe Plant-based Protein Market - By Source:
The soybean segment has the highest market share in the global plant-based protein market due to increased consumer acceptance and growing demand for plant-based products among people. In addition, the easy availability and high profitability of raw materials compared to other types of sources will further enhance the soybean segment.
Europe Plant-based Protein Market – By Country:
The UK is anticipated to account for the major share of the European market during the forecast period owing to the growing demand for plant-based protein. The growth of the UK market is further driven by the increasing awareness among consumers regarding the nutritional benefits of plant-based protein and the growing focus on maintaining a healthy lifestyle. France is projected to witness a prominent CAGR during the forecast period owing to the rising preference for healthy foods. Germany is another key market for plant-based protein and is expected to hold a substantial share of the European market due to the decline in animal protein consumption. Spain is predicted to register a healthy CAGR during the forecast period. An innovative product line of ready-to-eat products that do not compromise on taste and texture may be the driving force behind the growth of the Spain Plant-Based Protein market.
KEY MARKET PLAYERS:
Companies playing a prominent role in the Europe plant-based protein market include Kerry Group, Cargill Incorporated, DowDuPont Inc., Wilmar International Limited, Emsland Group, Glanbia PLC, Archer Daniels Midland, Roquette Freres, DSM, and PURIS.
RECENT HAPPENINGS IN THIS MARKET:
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