France Plant Protein Market Insights Forecasts to 2033

• The France Plant Protein Market Size was valued at USD 329.5 Million in 2023.
• The Market Size is Growing at a CAGR of 4.5% from 2023 to 2033
• The France Plant Protein Market Size is Expected to Reach USD 511.5 Million by 2033

The France Plant Protein Market is Anticipated to Exceed USD 511.5 Million by 2033, growing at a CAGR of 4.5% from 2023 to 2033. The growing inclination towards sustainable and plant-based diets, awareness of environmental and health concerns, and increasing vegan trend are driving the growth of the plant protein market in the France.     

Market Overview

Plant protein is a food source of protein derived from plants. This group can include pulses, tofu, soya, tempeh, seitan, nuts, seeds, certain grains, and even peas. These proteins benefit personal health as a sustainable alternative to animal-sourced proteins, providing essential nutrients like fiber, antioxidants, and vitamins for overall well-being/health beneficiary effect. The high consumption of animal fats and proteins is responsible for obesity and cardiovascular diseases. Thus, health professionals and consumers are seeking dietary supplements and functional foods that contain plant-based proteins to combat obesity and its associated health risks like cardiovascular diseases, including heart disease and hypertension. As a result, there is a growing demand for plant-based diets, which are generally lower in saturated fats and can contribute to improved heart health. The alarming rise in the overweight or obese population in France surges the consumption of plant protein. Microencapsulation is an advanced ingredient technology in plant protein. The increasing prevalence of intolerance to animal proteins, and changing preference for plant-based meats are leveraging market opportunities for plant protein.

Report Coverage

This research report categorizes the market for the France plant protein market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the plant protein market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France plant protein market.

Driving Factors

The growing inclination towards sustainable and plant-based diets, awareness of environmental and health concerns, and increasing vegan trends are driving the market. The increasing awareness about environmental and health concerns is changing consumer inclination towards the consumption of sustainable and plant-based diets which are significantly driving the market growth. New food trends among youngsters as well as increasing health concerns in the aging population are responsible for driving the market. The increasing vegan trend and availability of plant-based protein as an alternative to animal-sourced proteins are further propelling the market. The introduction of innovative plant-based products by incorporation of essential nutrients is promoting the market. The rising prevalence of cardiovascular diseases and obesity cases are escalating the market demand for plant protein to maintain a healthy lifestyle.

Restraining Factors

The development of allergic reactions on consuming plant proteins like soybean in some individuals leads to restraining the France plant protein market.

Market Segmentation

The France Plant Protein Market share is classified into protein type and end user.

• The soy protein segment dominates the market with the largest market share during the forecast period.

The France plant protein market is segmented by protein type into hemp protein, oat protein, pea protein, potato protein, rice protein, soy protein, and wheat protein. Among these, the soy protein segment dominates the market with the largest market share during the forecast period. Soy protein meat, soy protein isolate nutrition, soy protein powder, and soy protein estrogen are the various types of soy protein. Soy proteins are applied in food and beverages such as cheese, drinks, and vegetarian meat substitutes. The increasing application of soy proteins in food and nutraceutical products is driving the market growth.  

• The food & beverages segment accounted for the largest share of the France plant protein market during the forecast period.       

Based on the end user, the France plant protein market is divided into animal feed, personal care & cosmetics, food & beverages, and supplements. Among these, the food & beverages segment accounted for the largest share of the France plant protein market during the forecast period. Substitute to meat-based protein products, plant proteins are highly used in food & beverages due to growing environmental concerns, and the occurrence of animal-borne diseases. Further, the increasing trend of vegan products is bolstering the market in the food & beverages segment.      

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France plant protein market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• DuPont de Nemours Inc.
• Archer Daniels Midland Company
• Kerry Group PLC
• Ingredion Incorporated
• Lantmannen
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2022, Royal DSM, a global purpose-led science-based company, announced the launch of Vertis CanolaPRO, a high-quality canola protein isolate. Vertis CanolaPRO would allow food and beverage producers to develop plant-based products that offer complete proteins and are free from major allergens.

• In June 2022, Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins, announced the launch of two rice proteins, a bold move that adds a new botanical origin to its current portfolio.

Market Segment

This study forecasts revenue at France, regional from 2020 to 2033. Spherical Insights has segmented the France Plant Protein Market based on the below-mentioned segments:

France Plant Protein Market, By Protein Type

• Hemp Protein
• Oat Protein
• Pea Protein
• Potato Protein
• Rice Protein
• Soy Protein
• Wheat Protein

France Plant Protein Market, By End User

• Animal Feed
• Personal Care & Cosmetics
• Food & Beverages
• Supplements