The Asia Pacific plant protein market is accounted to US$ 3,445.9 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019 - 2027, to account to US$ 6,292.3 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.
The Asia Pacific plant protein market is segmented on the basis of source as soy, wheat, pea, and others. The soy segment held the largest share of the Asia Pacific plant protein market in 2018. Soy protein is prepared from soybean meal that has been defatted and dehulled. It contains all nine essential amino acids. Soy is also a rich source of fibers, vitamins, and minerals, including folate, selenium, potassium, and magnesium. They also contain antioxidants and phytochemicals, including phenolic acids, isoflavones, and omega-3 fatty acids. For vegetarians and vegans as well as those who avoid or are allergic to dairy food, soy proteins often serve as a prominent source of important nutrients. Soy protein products are used in various food preparations, which include salad dressings, soups, beverage powders, meat analogs, cheeses, nondairy creamers, whipped toppings, frozen desserts, infant formulas, breads, breakfast cereals, pastas, and pet foods, among others. It is available in three major forms-isolates, concentrates, and flours.
The Asia Pacific plant protein market is segmented based on application as protein beverages, dairy alternatives, meat alternatives and meat extenders, protein bars, bakery and other applications. The growing demand for functional food and beverages is propelling the demand for plant protein in the food & beverages industry. Moreover, the increasing preference for natural ingredients in the functional food & beverages industry is projected to propel the demand for plant proteins over the forecast period. Additionally, plant proteins are increasingly being used in health supplements as they contain amino acids that aid in muscle growth and repair. The proteins also play a major part in sports nutrition as it has applications in protein bars and shakes. All these factors are expected to boost the demand for plant protein products. The meat alternatives and meat extenders application segment accounted for considerable share of the Asia Pacific plant proteins market in 2018, whereas the protein beverages segment is expected to register an exceptional CAGR during the forecast period.
Asia Pacific plant protein market is segmented on the country as Australia, China, India, Japan, South Korea, and rest of APAC. China has a major share in the Asia Pacific plant protein market, which is followed by rest of APAC region. China has the largest population in APAC, and this leads to the growing demands for food and beverages, cosmetics and personal care products, which, in turn, will lead to the growth of the plant protein market in China. The low manufacturing and capital costs in China attract new investment and better opportunities for food and beverage businesses in the region. It is considered to be the second-largest economy in the world and exhibits potential growth for the market in the forthcoming years. According to the China Cuisine Association, the food & beverages industry of China was valued at ~US$ 636 billion in 2018. Thus, growing food & beverages industry is expected to boost the plant protein market in the upcoming years. The majority of pea protein is produced in far-flung countries such as Canada and China. In China, many consumers like to try protein drinks made from oat, red bean, and black bean. These factors are likely to boost the demand for plant-based protein in this country in the upcoming years.
Some of the players present in Asia Pacific plant protein market are Archer Daniels Midland Company, Axiom Foods, Inc., Cargill, Incorporated, E. I. Du Pont De Nemours and Company, Glanbia plc, Ingredion Incorporated, Kerry Group, Koninklijke, Roquette Fr?res and DSM N.V.
The overall Asia Pacific plant protein market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific plant protein market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific plant protein market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Plant Protein Market - By Source
1.3.2 Asia Pacific Plant Protein Market - By Type
1.3.3 Asia Pacific Plant Protein Market - By Application
1.3.4 Asia Pacific 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 Asia Pacific 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 - Asia Pacific Market Analysis
6.1 Asia Pacific Plant Protein Market Overview
6.2 Asia Pacific Plant Protein Market Analysis, in Terms of Volume and Value, Forecast to 2027 (kiloton and US$)
7. Asia Pacific Plant Protein Market Analysis - By Source
7.1 Overview
7.2 Asia Pacific Plant Protein Market Breakdown, By Source, 2018 & 2027
7.3 Soy
7.3.1 Overview
7.3.2 Asia Pacific Soy Protein Market, in terms of Volume and Value, Forecasts To 2027 (Kiloton and US$ Mn)
7.4 Wheat
7.4.1 Asia Pacific 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 Asia Pacific 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 Asia Pacific Others Source Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton and US$ Mn)
8. Asia Pacific Plant Protein Market Analysis - By Type
8.1 Overview
8.2 Asia Pacific Plant Protein Market Breakdown, By Type, 2018 & 2027
8.3 Isolates
8.3.1 Overview
8.3.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific Protein Flour Type Market, In Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
9. Asia Pacific Plant Protein Market Analysis - By Application
9.1 Overview
9.2 Asia Pacific Plant Protein Market Breakdown, By Application, 2018 & 2027
9.3 Protein Beverages
9.3.1 Overview
9.3.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific Bakery Application Market, Volume and Revenue Forecasts To 2027 (kiloton and US$ Mn)
9.8 Other Applications
9.8.1 Overview
9.8.2 Asia Pacific 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 Asia Pacific Plant Protein Market Breakdown, by Country
10.1.1.1 Australia Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
10.1.1.1.1 Australia Plant Protein Market Breakdown, by Source
10.1.1.1.2 Australia Plant Protein Market Breakdown, by Type
10.1.1.1.3 Australia Plant Protein Market Breakdown, by Application
10.1.1.2 China Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
10.1.1.2.1 China Plant Protein Market Breakdown, by Source
10.1.1.2.2 China Plant Protein Market Breakdown, by Type
10.1.1.2.3 China Plant Protein Market Breakdown, by Application
10.1.1.3 India Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
10.1.1.3.1 India Plant Protein Market Breakdown, by Source
10.1.1.3.2 India Plant Protein Market Breakdown, by Type
10.1.1.3.3 India Plant Protein Market Breakdown, by Application
10.1.1.4 Japan Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
10.1.1.4.1 Japan Plant Protein Market Breakdown, by Source
10.1.1.4.2 Japan Plant Protein Market Breakdown, by Type
10.1.1.4.3 Japan Plant Protein Market Breakdown, by Application
10.1.1.5 South Korea Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
10.1.1.5.1 South Korea Plant Protein Market Breakdown, by Source
10.1.1.5.2 South Korea Plant Protein Market Breakdown, by Type
10.1.1.5.3 South Korea Plant Protein Market Breakdown, by Application
10.1.1.6 Rest of APAC Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
10.1.1.6.1 Rest of APAC Plant Protein Market Breakdown, by Source
10.1.1.6.2 Rest of APAC Plant Protein Market Breakdown, by Type
10.1.1.6.3 Rest of APAC Plant Protein Market Breakdown, by Application
11. Company Profiles
11.1 E. I. Du Pont De Nemours and Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Archer Daniels Midland Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kerry Group
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Koninklijke DSM N.V.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Axiom Foods, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Cargill, Incorporated
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Roquette Frères
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Ingredion Incorporated
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Glanbia plc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Plant Protein Market Revenue and Forecasts to 2027 (Kiloton)
Table 2. Asia Pacific Plant Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Table 3. APAC Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 4. APAC Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 5. APAC Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 6. APAC Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 7. APAC Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 8. APAC Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 9. Australia Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 10. Australia Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 11. Australia Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 12. Australia Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 13. Australia Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 14. Australia Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 15. China Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 16. China Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 17. China Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 18. China Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 19. China Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 20. China Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 21. India Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 22. India Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 23. India Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 24. India Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 25. India Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 26. India Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 27. Japan Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 28. Japan Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 29. Japan Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 30. Japan Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 31. Japan Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 32. Japan Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 33. South Korea Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 34. South Korea Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 35. South Korea Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 36. South Korea Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 37. South Korea Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 38. South Korea Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 39. Rest of APAC Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Source (Kiloton)
Table 40. Rest of APAC Plant Protein Market, Revenue and Forecast to 2027 - By Source (US$ Mn)
Table 41. Rest of APAC Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Type (Kiloton)
Table 42. Rest of APAC Plant Protein Market, Revenue and Forecast to 2027 - By Type (US$ Mn)
Table 43. Rest of APAC Plant Protein Market, in Terms of Volume, Forecast to 2027 - By Application (Kiloton)
Table 44. Rest of APAC Plant Protein Market, Revenue and Forecast to 2027 - By Application (US$ Mn)
Table 45. Glossary of Terms, Asia Pacific Plant Protein Market
LIST OF FIGURES
Figure 1. Asia Pacific Plant Protein Market Segmentations
Figure 2. Asia Pacific Plant Protein Market Segmentation - By Country
Figure 3. Asia Pacific Plant Protein Market Overview
Figure 4. The Soy Segment Held The Largest Share In The Asia Pacific Plant Protein Market
Figure 5. China Dominated The Asia Pacific Plant Protein Market In 2018
Figure 6. Asia Pacific Plant Protein Market, Industry Landscape
Figure 7. Asia Pacific - PEST Analysis
Figure 8. Asia Pacific Plant Protein Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific Plant Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton)
Figure 10. Asia Pacific Plant Protein Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 11. Asia Pacific Plant Protein Market Breakdown by Source, by Value 2018 and 2027 (%)
Figure 12. Asia Pacific Soy Protein Market, in Terms of Volume and Value, Forecast to 2027 (kiloton and US$ Mn)
Figure 13. Asia Pacific Wheat Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 14. Asia Pacific Pea Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 15. Asia Pacific Others Source Protein Market, in Terms of Volume, Forecast to 2027 (Kiloton and US$ Mn)
Figure 16. Asia Pacific Plant Protein Market Breakdown by Type, in Terms of Value, 2018 & 2027 (%)
Figure 17. Asia Pacific Plant Protein Isolates Market, in Terms of Volume and Value, 2027 (kiloton and US$ Mn)
Figure 18. Asia Pacific Plant Protein Concentrates Market, In Terms of Volume and Value, 2027 (kiloton and US$ Mn)
Figure 19. Asia Pacific Protein Flour Type Market, in Terms of Volume and Value, 2027 (Kiloton and US$ Mn)
Figure 20. Asia Pacific Plant Protein Market Breakdown by Application, in Terms of Value 2018 & 2027 (%)
Figure 21. Asia Pacific Plant Protein Market for Protein Beverages, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 22. Asia Pacific Plant Protein Market for Dairy Alternatives, in Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 23. Asia Pacific Plant Protein Market for Meat Alternatives and Meat Extenders, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
Figure 24. Asia Pacific Plant protein Market for Protein Bars, In Terms of Volume and Value, Forecasts To 2027 (kiloton and US$ Mn)
Figure 25. Asia Pacific Bakery Application Market, Volume and Revenue Forecasts To 2027 (kiloton and US$ Mn)
Figure 26. Asia Pacific Plant Protein Market for Other Applications, in Terms of Volume and Value, Forecast To 2027 (kiloton and US$ Mn)
Figure 27. Asia Pacific Plant Protein Market Breakdown by Country, by Value 2018 & 2027(%)
Figure 28. Australia Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 29. China Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 30. India Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 31. Japan Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 32. South Korea Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
Figure 33. Rest of APAC Plant Protein Market, in Terms of Volume and Value, Forecast to 2027 (Kiloton and US$ Mn)
The List of Companies - Asia Pacific Plant Protein Market
1. E. I. Du Pont De Nemours and Company
2. Archer Daniels Midland Company
3. Kerry Group
4. Koninklijke DSM N.V.
5. Axiom Foods, Inc
6. Cargill, Incorporated
7. Roquette Fr?res
8. Ingredion Incorporated
9. Glanbia plc