Vegetable Protein Concentrate Market was valued at USD 6.5 Billion in 2022 and is projected to reach USD 10.2 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
From 2018 to 2022, the demand for vegetable protein concentrate surged, with market players focusing on enhancing product quality, functionality, and taste. Research and development played a vital role in making these products more versatile, offering better texture and flavor for consumers seeking plant-based meat alternatives. The growing trend of flexitarian diets, alongside the rise in veganism and vegetarianism, further fueled the market's expansion. Additionally, advancements in food technology and processing techniques led to improved extraction methods, making vegetable protein concentrates more accessible to manufacturers.
As we look ahead to the years 2023 to 2033, the Vegetable Protein Concentrate market is expected to continue its upward trajectory, but with a more dynamic outlook. The demand is likely to be driven not only by dietary changes but also by the increasing need for sustainable protein sources in the face of climate change. Moreover, innovation in product applications, such as the development of plant-based dairy, meat analogs, and protein bars, is expected to fuel further market growth. The rise in food allergies and intolerances may also accelerate the adoption of vegetable protein concentrates as a safer alternative to animal-based proteins.
Market analysts predict that the VPC market will see a shift toward plant-based alternatives not only in food but also in cosmetics and personal care products, as brands look to capitalize on the growing clean beauty trend. Additionally, the growth of e-commerce platforms and direct-to-consumer sales channels will make vegetable protein concentrate products more accessible to a broader audience.
Get an In-Depth Research Analysis of the Global Vegetable Protein Concentrate Market Size And Forecast [2025-2032]
Vegetable Protein Concentrate (VPC) has been a key player in the global food industry, gaining traction from 2018 to 2022. As consumer preferences shift towards plant-based and sustainable alternatives, the market for vegetable protein concentrates witnessed significant growth during this period. Rising health consciousness, increased awareness of animal welfare, and environmental concerns drove demand for plant-based proteins. In particular, pulses, soy, and pea protein concentrates emerged as some of the most sought-after ingredients in various industries, including food and beverages, nutraceuticals, and animal feed.
Delthin
Kerry Group
Malk Organic
Califia Farms
ALOHA
Ripple Foods
The New Barn
Pacific Foods
Chengde Lulu
Vitasoy International
Yangyuan
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vegetable Protein Concentrate Market
Milk Tea Shop
Bottled Beverage Producer
Others
Based on Types the Market is categorized into Below types that held the largest Vegetable Protein Concentrate market share In 2023.
Soy Milk
Coconut Milk
Almond Milk
Walnut Milk
Peanut Milk
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vegetable Protein Concentrate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vegetable Protein Concentrate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vegetable Protein Concentrate Market, By Type
6. Global Vegetable Protein Concentrate Market, By Application
7. Global Vegetable Protein Concentrate Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vegetable Protein Concentrate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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