Germany Plant Protein Market Size, Share, and COVID-19 Impact Analysis, By Source (Soy, Wheat, Pea, and Others), By Type (Concentrates, Isolates, and Texturned), By Application (Food and Feed), and Germany Plant Protein Market Insights, Industry Trend, Forecasts to 2033

Germany Plant Protein Market Insights Forecasts to 2033

• The Germany Plant Protein Market Size was valued at USD 492.5 Million in 2023.
• The Germany Plant Protein Market Size is growing at a CAGR of 4.63% from 2023 to 2033
• The Germany Plant Protein Market Size is expected to reach USD 774.5 Million by 2033

The Germany Plant Protein Market is anticipated to exceed USD 774.5 Million by 2033, growing at a CAGR of 4.63% from 2023 to 2033. The increasing consumer interest in plant-based diets, sales of vegan food products, and government initiatives promoting sustainable eating habits are driving the plant protein market in the Germany.     

Market Overview

Plant protein market is an industry encompassing soy, wheat, pea, canola, potato, rice, and other plant-based proteins, produced as isolates, and concentrates used in a variety of applications such as food & beverages, infant formulation, animal feed, personal care, and nutrition-and-health supplements. Plant protein offers a nutritious and sustainable alternative to animal-based proteins, derived from various plant sources like cereals, pseudocereals, and by-products of the plant oil refining industry. Consumer inclination towards plant-based protein over traditional animal-based protein and consumer interest in health-centric food & beverage products with the increasing cases of lactose intolerance drives the plant protein market. The increasing strain on food resources due to water scarcity as well as the shift towards nutritious and health-conscious food options are offering lucrative market growth opportunities for plant protein.

Report Coverage

This research report categorizes the market for the Germany 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 Germany 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 Germany plant protein market.

Driving Factors

The increasing consumer interest in plant-based diets and sales of vegan food products is propelling the plant protein market. Germany had the largest retail market for plant-based food, worth €2.2 billion in 2023. On 17 January 2024, the Cabinet adopted the "Good Food for Germany" Food and Nutrition Strategy submitted by Federal Ministry of Food and Agriculture. The government initiatives promoting sustainable eating habits are escalating the market.

Restraining Factors

The increased cost of high-quality protein products is hindering its adoption, thereby restraining the market growth. The cases of allergies attributed to certain plant sources may hamper the market.

Market Segmentation

The Germany plant protein market share is classified into source, type, and application.

• The pea segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe.

Based on the source, the Germany plant protein market is divided into soy, wheat, pea, and others. Among these, the pea segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe. Pea protein contains well-balanced essential amino acids. The minimal resource requirement and reduced greenhouse gas emissions associated with the production of pea protein are driving the market.

• The isolates segment dominated the market with a significant market share in 2023 and is expected to grow at the fastest CAGR growth during the projected timeframe.

Based on the type, the Germany plant protein market is divided into concentrates, isolates, and texturned. Among these, the isolates segment dominated the market with a significant market share in 2023 and is expected to grow at the fastest CAGR growth during the projected timeframe. Plant protein isolates are most adaptable and digestible across various food products. The increased popularity of protein isolates among sports enthusiasts for improving athletic performance and strength is propelling the market.

• The feed segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe.

Based on the application, the Germany plant protein market is divided into food and feed. Among these, the feed segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe. Soybean meal is the most common source for producing plant-based protein products in animal feed. The trend toward the development of high-quality protein-based feeds is propelling the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany 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

• Costantino & C. spa
• Archer Daniels Midland Company
• Brenntag SE
• CHS Inc.
• Glanbia PLC
• Ingredion Incorporated
• Kerry Group PLC
• Lantmännen
• Roquette Frère
• Südzucker AG
• Wilmar International Ltd.
• Others

Key Target Audience

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

Recent Developments

• In May 2022, BENEO, one of the leading manufacturers of functional ingredients, has announced the acquisition of Dutch company, Meatless B.V., ensuring it becomes a major player in the field of plant-based texturising solutions for meat and fish alternatives.

• In May 2021, Lantmännen Agroetanol invested SEK 800 million in Green Proteins. The SEK 800 million investment in the biorefinery in Norrköping would strengthen Lantmännen’s position on the market for grain-based food ingredients.

Market Segment

• This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Plant Protein Market based on the below-mentioned segments

Germany Plant Protein Market, By Source

• Soy
• Wheat
• Pea
• Others

Germany Plant Protein Market, By Type

• Concentrates
• Isolates
• Texturned

Germany Plant Protein Market, By Application

• Food
• Feed