植物性タンパク質市場 : 2028年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2023年11月

Plant-based Protein Market – Global Forecast to 2028

植物性タンパク質市場 : 原料 (大豆、小麦、エンドウ豆、キャノーラ・米・ジャガイモ、豆と種子、発酵タンパク質)、タイプ (濃縮物、分離物、テクスチャード)、形態 (乾燥、液体)、性質 (従来型、オーガニック)、用途と地域別 – 2028年までの世界予測
Plant-Based Protein Market by Source (Soy, Wheat, Pea, Canola Rice & Potato, Beans & Seeds, Fermented Protein), Type (Concentrates, Isolates, Textured), Form (Dry, Liquid), Nature (Conventional, Organic), Application and Region – Global Forecast to 2028

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Report Overview

The global market for plant-based protein is estimated to be valued at USD 13.3 billion in 2023 and is projected to reach USD 19.2 billion by 2028, at a CAGR of 7.7% during the forecast period. The increasing awareness about health and changing consumer preferences have spurred the demand for plant-based protein products. To boost sales in this market, it is essential to implement effective marketing strategies such as diversification and segmentation. The primary goal is to create a stronger demand among health-conscious individuals, vegetarians, flexitarians, and vegans by positioning the product strategically within the right sales channels.
Utilizing a well-thought-out promotional mix can open growth opportunities within the plant-based protein market. Producers of products like pea protein or soy protein have seen remarkable success by correctly positioning their brands within the plant-based protein category. The rise in health consciousness and evolving lifestyles have driven significant growth in this market. Furthermore, the ongoing efforts by plant-based protein manufacturers to offer innovative flavors, extend product shelf life, and improve nutritional profiles have set the stage for substantial market expansion in the years to come.
Nonetheless, it is worth noting that the high cost of production and potential challenges related to raw material availability can act as constraints in the plant-based protein market. Despite these hurdles, the growing demand for healthier and sustainable protein sources suggests a promising future for the industry.

植物性タンパク質市場 : 2028年までの世界予測

“The concentrates sub-segment in the type of segment is estimated to reach at a USD 8.5 billion during the forecast period.”
Plant-based protein concentrates play a pivotal role in the growth of the plant-based protein market, as they are derived from various sources like soybeans, peas, and wheat, and undergo processing to enhance their protein content, typically ranging from 40% to 90%. These concentrates are known for their notable qualities, including excellent water-holding and emulsification properties, as well as their ability to control expansion in extruded snacks. The food industry is expected to maintain a high production of plant protein concentrates due to increased protein consumption and the growing use of plant-derived proteins in food products, particularly in developing nations.
The demand for plant-based protein concentrates has surged in recent years due to their versatility in various food categories such as baked goods, snacks, cereals, soups, pasta, sauces, and plant-based dairy and meat alternatives. Companies are also introducing innovative products derived from alternative sources like chickpeas and oats to capitalize on expanding business opportunities. The prevalence of dietary preferences like vegetarianism, veganism, and flexitarianism has further driven the demand for plant-based proteins. This rising demand has spurred innovation in the food industry, resulting in a wide range of plant-based protein products, including burgers and meat substitutes, many of which rely on plant-based protein concentrates to deliver quality and taste. For instance, in February 2019, InnovoPro, an Israeli company, launched CP-Pro 70, claiming to be the first to offer a chickpea concentrate product range, aiming to tap into the growing market for plant-based protein in sports nutrition supplements.


“The organic sub-segment of nature segment is projected to grow at the highest CAGR of 8.1% during the forecast period.
The demand for organic plant-based proteins has been steadily increasing, particularly following the COVID-19 pandemic. Consumers are gravitating towards clean label and organic ingredients, considering them safer and more nutritious compared to conventional proteins. Organic options offer greater transparency regarding their source. Many plant-based food consumers are conscious of product labeling and have a strong environmental focus, making organic plant-based proteins particularly appealing to this demographic. While the organic plant-based protein market is still in its early stages, it has experienced substantial growth recently. Numerous manufacturers have expanded their product offerings to include organic plant-based proteins to meet this growing demand.
For example, in October 2022, Roquette Frise (France) introduced a new line of organic pea ingredients, including organic pea starch and organic pea protein. These ingredients are sourced from a network of organic pea growers in Canada and produced at their facility in Portage la Prairie, Manitoba. Nature Zen (Canada) also seized the opportunity by launching organic, high-quality plant-based protein in the US market in August 2021, capitalizing on the surge in demand for organic food and ingredients. Orgain (US), a company specializing in organic nutritional products, entered the market with its organic plant-based protein powder in chocolate peanut butter cups at Costco in January 2020. This product launch aimed to meet the increasing demand from health-conscious millennials for products with simpler and fewer ingredients. The trend toward clean-label products and the desire for greater food source transparency are expected to provide significant growth opportunities for the organic plant-based protein market in the coming years. The strategies adopted by these companies, expanding their product lines to include organic plant-based proteins, align with the growing consumer demand for such products.


“Europe to grow at the CAGR of 7.3% during the forecast period, in plant-based protein market to reach a value of USD 6.3 billion by 2028.”
The European market offers substantial business prospects for plant-based protein ingredient manufacturers. The growing trend of embracing veganism in the region is contributing to increased demand for plant-based protein.
The European plant-based protein market can be categorized into food and feed applications. The rise of new manufacturers of final products and the acceptance of plant-based protein as a viable alternative have resulted in a higher number of product launches. Additionally, the surge in veganism, driven by concerns about sustainability and health, is having a significant impact, not only in the consumer sector but also in the industrial sector, prompting adjustments to product portfolios and processing methods.
The growing shift toward veganism and away from animal-based meat has created significant business opportunities for companies in the plant-based protein industry. According to the Organization for Economic Co-operation and Development-Food and Agriculture Organization (OECD-FAO) Agricultural Outlook 2021-2030, per capita consumption of pork, beef, and lamb is expected to decrease considerably by 2030 in Europe and other developed nations. The European market benefits from the presence of several prominent players in the industry, such as Glanbia plo (Ireland), Roquette Frères (France), and Kerry Group PLC (Ireland). These manufacturers are actively seeking ways to strengthen their market position, including launching new products, expanding production capabilities, and forming partnerships or making acquisitions with other industry players to enhance their geographical presence and establish a firm foothold in the European plant-based protein industry. For instance, in June 2020, Kerry Group PLC (Ireland) announced the expansion of their plant protein range sourced from peas, rice, and sunflowers in response to rising customer demand in Europe and the increasing popularity of plant-based products like nutritional bars, yogurts, juices, and smoothies.

植物性タンパク質市場 : 2028年までの世界予測 region

The break-up of the profile of primary participants in the plant-based protein market:
n By Company Type: Tier 1 – 25%, Tier 2 – 45%, Tier 3 – 30%
n By Designation: CXO’s level – 20%, Managers- 50%, Executives – 30%
n By Region: North America -25%, Europe – 25%,  Asia Pacific – 40%, RoW- 10%

Research Coverage:
This research report categorizes the plant-based protein market by Source (soy, wheat, pea, canola rice & potato, beans & seeds, fermented protein, and other sources), by Type (concentrates, isolates, textured), by Form (dry, liquid), by Nature (conventional, organic), by application (food & beverages, feed) and by region (North America, Europe, Asia Pacific, South America, RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the plant-based protein market. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, and agreements. New service launches, mergers and acquisitions, and recent developments associated with the plant-based protein market. Competitive analysis of upcoming startups in the plant-based protein market ecosystem is covered in this report.


Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall plant-based protein market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:
• Analysis of key drivers (Growing interest in health-centric food and beverages, Innovation & developments related to plant-based protein to augment vegan trend), restraints (Allergies associated with plant-based protein sources, such as soy and wheat, Possibilities of nutritional & vitamin deficiencies among vegans), opportunities (Focus on aquatic plants as new & emerging sources of protein), and challenges (Concerns over quality of food & beverages due to GM ingredients adulteration, Economic constraints related to processing capacity of pea protein) influencing the growth of the plant-based protein market.
• New product launch/Innovation: Detailed insights on research & development activities, and new product launches in the plant-based protein market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the plant-based protein market across varied regions.
• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the plant-based protein market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like ADM (US), Cargill, Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Roquette Frères (France) and others in the plant-based protein market strategies. 

Table of Contents

1            INTRODUCTION            51

1.1         STUDY OBJECTIVES      51

1.2         MARKET DEFINITION   51

1.3         STUDY SCOPE  52

1.3.1      MARKET SEGMENTATION         52

1.3.2      INCLUSIONS & EXCLUSIONS     53

1.3.3      REGIONS COVERED      53

1.4         YEARS CONSIDERED     54

1.5         CURRENCY CONSIDERED          54

TABLE 1             USD EXCHANGE RATES, 2018–2022         55

1.6         UNIT CONSIDERED       55

1.7         STAKEHOLDERS            55

1.8         SUMMARY OF CHANGES            56

1.9         RECESSION IMPACT      56

2            RESEARCH METHODOLOGY     57

2.1         RESEARCH DATA           57

FIGURE 1           RESEARCH DESIGN       57

2.1.1      SECONDARY DATA       58

2.1.1.1   Key data from secondary sources     58

2.1.2      PRIMARY DATA 58

2.1.2.1   Key data from primary sources         59

2.1.2.2   Breakdown of primary interviews     59

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION    59

2.1.2.3   Key primary insights          60

2.2         MARKET SIZE ESTIMATION       60

2.2.1      BOTTOM-UP APPROACH           61

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       61

2.2.2      TOP-DOWN APPROACH             62

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       62

2.3         DATA TRIANGULATION             63

FIGURE 5           DATA TRIANGULATION METHODOLOGY         63

2.4         RESEARCH ASSUMPTIONS         64

2.5         LIMITATIONS AND RISK ASSESSMENT  64

2.6         RECESSION IMPACT ANALYSIS 65

2.6.1      MACROECONOMIC INDICATORS OF RECESSION            66

FIGURE 6           MACROECONOMIC INDICATORS OF RECESSION            66

FIGURE 7           GLOBAL INFLATION RATE, 2011–2022   66

FIGURE 8           GLOBAL GDP, 2011–2022 (USD TRILLION)          67

FIGURE 9           RECESSION INDICATORS AND THEIR IMPACT ON PLANT-BASED PROTEIN MARKET          68

FIGURE 10         GLOBAL PLANT-BASED PROTEIN MARKET: PREVIOUS FORECAST VS. RECESSION IMPACT FORECAST 69

3            EXECUTIVE SUMMARY 71

TABLE 2             PLANT-BASED PROTEIN MARKET SNAPSHOT, 2023 VS. 2028              72

FIGURE 11         PLANT-BASED PROTEIN MARKET SNAPSHOT, BY SOURCE, 2023 VS. 2028     73

FIGURE 12         PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)     73

FIGURE 13         PLANT-BASED PROTEIN MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)          74

FIGURE 14         PLANT-BASED PROTEIN MARKET, BY REGION  74

4            PREMIUM INSIGHTS      76

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PLANT-BASED PROTEIN MARKET         76

FIGURE 15         RISING DEMAND DUE TO INCREASING HEALTH AWARENESS AND ENVIRONMENTAL CONCERNS TO DRIVE MARKET             76

4.2         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY FORM AND COUNTRY         76

FIGURE 16         DRY SEGMENT AND US TO ACCOUNT FOR SIGNIFICANT SHARE IN 2023  76

4.3         PLANT-BASED PROTEIN MARKET, BY APPLICATION AND REGION              77

FIGURE 17         FOOD & BEVERAGES SEGMENT TO DOMINATE MOST REGIONS DURING FORECAST PERIOD  77

4.4         PLANT-BASED PROTEIN MARKET: KEY COUNTRIES, 2022           78

FIGURE 18         US DOMINATED PLANT-BASED PROTEIN MARKET IN 2022              78

5            MARKET OVERVIEW     79

5.1         INTRODUCTION            79

5.2         MACROECONOMIC INDICATORS           80

5.2.1      RISE IN FOOD DEMAND FROM GROWING POPULATION            80

FIGURE 19         POPULATION PROJECTED TO REACH MORE THAN 9.5 BILLION BY 2050            80

5.2.2      INCREASE IN SOYBEAN PRODUCTION  80

FIGURE 20         SOYBEAN PRODUCTION, BY KEY COUNTRY, 2016–2020 (MILLION TON)             81

5.2.3      CONSUMER SHIFT TOWARD PLANT-BASED NUTRITION            81

5.3         MARKET DYNAMICS     82

FIGURE 21         PLANT-BASED PROTEIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    82

5.3.1      DRIVERS            82

5.3.1.1   Growth in consumer preference for vegan diet             82

5.3.1.1.1 Growing interest in health-centric food and beverages 83

5.3.1.1.2 Awareness regarding meat alternatives’ role in environmental sustainability              84

FIGURE 22         US: SALES OF PLANT-BASED MEAT ALTERNATIVES, 2019–2022              84

5.3.1.1.3 Innovation and developments related to plant-based protein to augment vegan trend      84

5.3.1.2   Prevalence of lactose intolerance     85

TABLE 3             RATE OF LACTOSE INTOLERANCE, BY COUNTRY           86

5.3.2      RESTRAINTS     87

5.3.2.1   Allergies associated with plant-based protein sources, such as soy and wheat              87

FIGURE 23         US: POPULATION WITH FOOD ALLERGIES, BY ALLERGEN, 2018–2019 (MILLION)    87

5.3.2.2   Possibility of nutritional deficiencies among vegans     87

5.3.3      OPPORTUNITIES           88

5.3.3.1   Emergence of aquatic plants as new sources of protein 88

5.3.3.2   Effective marketing strategies and correct positioning of plant-based proteins              89

5.3.3.3   Changes in consumer lifestyles        89

5.3.4      CHALLENGES   90

5.3.4.1   Concerns over quality of food and beverages due to adulteration of GM ingredients              90

5.3.4.2   Economic constraints related to processing capacity of pea protein          90

5.3.4.3   Concerns regarding taste and texture of plant-based protein      91

6            INDUSTRY TRENDS       92

6.1         INTRODUCTION            92

6.2         SUPPLY CHAIN ANALYSIS          92

FIGURE 24         SUPPLY CHAIN ANALYSIS          93

6.3         VALUE CHAIN ANALYSIS            93

6.3.1      RESEARCH AND PRODUCT DEVELOPMENT      93

6.3.2      RAW MATERIAL SOURCING       94

6.3.3      PRODUCTION & PROCESSING  94

6.3.4      DISTRIBUTION 94

6.3.5      MARKETING & SALES    94

6.3.6      END USERS       94

FIGURE 25         VALUE CHAIN ANALYSIS            95

6.4         TRADE ANALYSIS          95

6.4.1      SOYBEAN          95

TABLE 4             TOP TEN IMPORTERS AND EXPORTERS OF SOYBEAN, 2022 (KT)      95

6.4.2      PEA       96

TABLE 5             TOP 10 IMPORTERS AND EXPORTERS OF PEA, 2021 (KT)              96

6.4.3      RICE     96

TABLE 6             TOP TEN IMPORTERS AND EXPORTERS OF RICE, 2022 (KT)              96

6.5         TECHNOLOGY ANALYSIS           97

6.5.1      EXTRUSION      97

6.5.2      HIGH-PRESSURE PROCESSING (HPP)    97

6.5.3      TECHNOLOGICAL ADVANCEMENTS WITHIN EXTRUSION PROCESS              97

6.6         PRICING ANALYSIS        98

6.6.1      AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOURCE              98

FIGURE 26         AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOURCE (USD/KG)        99

TABLE 7             AVERAGE SELLING PRICE TRENDS, BY REGION, 2021–2028 (USD/TON)       99

TABLE 8             AVERAGE SELLING PRICE TRENDS, BY SOURCE, 2021–2028 (USD/TON)       100

6.7         ECOSYSTEM ANALYSIS 100

6.7.1      DEMAND SIDE  100

6.7.2      SUPPLY SIDE    100

FIGURE 27         PLANT-BASED PROTEIN: MARKET MAP 101

FIGURE 28         ECOSYSTEM MAPPING 102

TABLE 9             ROLE OF PLAYERS IN MARKET ECOSYSTEM      103

6.8         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 104

FIGURE 29         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              104

6.9         PATENT ANALYSIS        104

TABLE 10           LIST OF MAJOR PATENTS PERTAINING TO PLANT-BASED PROTEIN MARKET, 2013–2023    104

FIGURE 30         NUMBER OF PATENTS GRANTED, 2013–2022      107

FIGURE 31         REGIONAL ANALYSIS OF PATENTS GRANTED   107

6.10       KEY CONFERENCES & EVENTS  108

TABLE 11           LIST OF KEY CONFERENCES & EVENTS, 2023–2025          108

6.11       TARIFF & REGULATORY LANDSCAPE    109

6.11.1    REGULATORY LANDSCAPE       109

6.11.1.1 North America     109

6.11.1.2 Europe  111

6.11.1.3 Asia Pacific          113

6.11.2    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          114

TABLE 12           LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 114

6.12       PORTER’S FIVE FORCES ANALYSIS         114

TABLE 13           PORTER’S FIVE FORCES ANALYSIS         115

6.12.1    THREAT OF NEW ENTRANTS    115

6.12.2    THREAT OF SUBSTITUTES         115

6.12.3    BARGAINING POWER OF SUPPLIERS     116

6.12.4    BARGAINING POWER OF BUYERS           116

6.12.5    INTENSITY OF COMPETITIVE RIVALRY 116

6.13       KEY STAKEHOLDERS & BUYING CRITERIA          117

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         117

FIGURE 32         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES   117

TABLE 14           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES   117

6.13.2    BUYING CRITERIA         118

TABLE 15           KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR      118

FIGURE 33         KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR      118

6.14       CASE STUDY ANALYSIS 118

6.14.1    BLUE DIAMOND GROWERS PARTNERED WITH GROUP LALA TO ESTABLISH NETWORK IN MEXICO         118

6.14.2    KERRY GROUP PLC REVOLUTIONIZED PLANT-BASED PRODUCTS IN ASIA PACIFIC MARKET 119

6.14.3    ADM OFFERED NEW PLANT-BASED PROTEINS TO MEET GROWING CONSUMER DEMAND   119

6.14.4    GLANBIA LAUNCHED ITS GRAIN PORTFOLIO TO ADDRESS CONSUMERS’ RISING HEALTH CONCERNS         119

7            PLANT-BASED PROTEIN MARKET, BY SOURCE  120

7.1         INTRODUCTION            121

FIGURE 34         PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 121

TABLE 16           PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          122

TABLE 17           PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          122

TABLE 18           PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT)              122

TABLE 19           PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (KT)              123

7.2         SOY       123

7.2.1      SURGE IN DEMAND FOR PLANT-BASED PROTEIN ALTERNATIVES AND INCREASING SOY EXPORTS TO LEAD TO MARKET GROWTH     123

TABLE 20           SOY: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION) 124

TABLE 21           SOY: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION) 124

TABLE 22           SOY: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)      124

TABLE 23           SOY: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)      125

7.3         WHEAT 125

7.3.1      EXCELLENT BINDING CHARACTERISTICS OF WHEAT COUPLED WITH ITS INCREASED USAGE IN ALTERNATIVE MEAT PRODUCTS TO DRIVE GROWTH          125

TABLE 24           WHEAT: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)     126

TABLE 25           WHEAT: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)     126

TABLE 26           WHEAT: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)           126

TABLE 27           WHEAT: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)           127

7.4         PEA       127

7.4.1      RAPID SHIFT OF CONSUMERS FROM TRADITIONAL SOURCES OF PLANT PROTEIN TO DRIVE POPULARITY OF PEA PROTEIN       127

TABLE 28           PEA: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION) 127

TABLE 29           PEA: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION) 128

TABLE 30           PEA: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)      128

TABLE 31           PEA: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)      128

TABLE 32           PEA: PLANT-BASED PROTEIN MARKET, BY SUBTYPE, 2018–2022 (USD MILLION) 129

TABLE 33           PEA: PLANT-BASED PROTEIN MARKET, BY SUBTYPE, 2023–2028 (USD MILLION) 129

7.4.2      YELLOW SPLIT PEAS     129

TABLE 34           YELLOW SPLIT PEAS: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)       130

TABLE 35           YELLOW SPLIT PEAS: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)       130

7.4.3      CHICKPEAS       130

TABLE 36           CHICKPEAS: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)          131

TABLE 37           CHICKPEAS: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)          131

7.4.4      LENTILS            131

TABLE 38           LENTILS: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)     132

TABLE 39           LENTILS: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)     132

7.5         CANOLA, RICE, AND POTATO   132

7.5.1      GROWING CONSUMER INTEREST IN TRADITIONAL PLANT-BASED PROTEIN PRODUCTS TO SPUR MARKET            132

TABLE 40           CANOLA, RICE, AND POTATO: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)            133

TABLE 41           CANOLA, RICE, AND POTATO: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)            133

TABLE 42           CANOLA, RICE, AND POTATO: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)    133

TABLE 43           CANOLA, RICE, AND POTATO: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)    134

7.6         BEANS & SEEDS 134

7.6.1      RISING DEMAND FOR HEMP PROTEIN AND SUNFLOWER SEED PROTEIN AS EFFECTIVE TOOLS AGAINST CARDIOVASCULAR DISEASES TO DRIVE GROWTH            134

TABLE 44          BEANS & SEEDS: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)          134

TABLE 45          BEANS & SEEDS: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)          135

TABLE 46          BEANS & SEEDS: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT) 135

TABLE 47          BEANS & SEEDS: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT) 135

7.7         FERMENTED PROTEIN 136

7.7.1      FLAVOR AND MOUTHFEEL OF FERMENTED PLANT-BASED PROTEIN TO SURGE DEMAND     136

TABLE 48           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)       137

TABLE 49           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)       137

TABLE 50           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)             137

TABLE 51           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)             138

TABLE 52           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     138

TABLE 53           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     138

7.7.2      SOY       139

TABLE 54           FERMENTED SOY PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)  139

TABLE 55           FERMENTED SOY PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)  139

7.7.3      PEA       140

TABLE 56           FERMENTED PEA PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)  140

TABLE 57           FERMENTED PEA PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)  140

7.7.4      RICE     140

TABLE 58          FERMENTED RICE PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)  141

TABLE 59          FERMENTED RICE PROTEIN: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)  141

7.7.5      OTHER FERMENTED PROTEIN SUBTYPES          141

TABLE 60           OTHER FERMENTED PROTEIN SUBTYPES: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)         142

TABLE 61           OTHER FERMENTED PROTEIN SUBTYPES: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)         142

7.8         OTHER SOURCES           142

TABLE 62           OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)       143

TABLE 63           OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)       143

TABLE 64           OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)             143

TABLE 65           OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)             144

8            PLANT-BASED PROTEIN MARKET, BY TYPE       145

8.1         INTRODUCTION            146

FIGURE 35         PLANT-BASED PROTEIN MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)          146

TABLE 66           PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION)          146

TABLE 67           PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION)          147

TABLE 68           SOY: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION) 147

TABLE 69           SOY: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION) 147

TABLE 70           WHEAT: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION) 147

TABLE 71           WHEAT: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION) 148

TABLE 72           PEA: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION) 148

TABLE 73           PEA: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION) 148

TABLE 74           CANOLA, RICE, AND POTATO: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION)    148

TABLE 75           CANOLA, RICE, AND POTATO: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION)    149

TABLE 76           BEANS & SEEDS: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION)          149

TABLE 77           BEANS & SEEDS: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION)          149

TABLE 78           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION)             149

TABLE 79           FERMENTED PROTEIN: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION)             150

TABLE 80           OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY TYPE, 2018–2022 (USD MILLION)          150

TABLE 81           OTHER SOURCES: PLANT-BASED PROTEIN MARKET, BY TYPE, 2023–2028 (USD MILLION)          150

8.2         CONCENTRATES           151

8.2.1      APPLICATION OF PROTEIN CONCENTRATES ACROSS FOOD AND NUTRITION SUPPLEMENTS TO DRIVE DEMAND            151

TABLE 82           CONCENTRATES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       151

TABLE 83           CONCENTRATES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       152

8.3         ISOLATES          152

8.3.1      APPLICATION OF PLANT-PROTEIN ISOLATES IN INFANT FOODS AND THEIR STRONG DEMAND DUE TO THEIR HIGH PROTEIN CONTENT TO DRIVE GROWTH          152

TABLE 84           ISOLATES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          153

TABLE 85           ISOLATES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          153

8.4         TEXTURED       153

8.4.1      GROWING HEALTH CONCERNS TO DRIVE PREFERENCE FOR PLANT-BASED MEAT, LEADING TO RISING DEMAND FOR TEXTURED PLANT PROTEIN              153

TABLE 86           TEXTURED: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          154

TABLE 87           TEXTURED: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          155

9            PLANT-BASED PROTEIN MARKET, BY APPLICATION     156

9.1         INTRODUCTION            157

FIGURE 36         PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)     157

TABLE 88           PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 158

TABLE 89           PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 158

9.2         FOOD & BEVERAGES     158

9.2.1      INCREASED CONSUMPTION OF PLANT-BASED MEAT AND DAIRY ALTERNATIVES TO DRIVE GROWTH     158

TABLE 90           FOOD & BEVERAGES: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)       159

TABLE 91           FOOD & BEVERAGES: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)       159

TABLE 92           FOOD & BEVERAGES: PLANT-BASED PROTEIN MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     160

TABLE 93           FOOD & BEVERAGES: PLANT-BASED PROTEIN MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     160

9.2.2      MEAT ALTERNATIVES  160

9.2.3      DAIRY ALTERNATIVES 161

FIGURE 37         GLOBAL PLANT-BASED MILK SALES: HISTORICAL GROWTH, 2016–2022 (USD MILLION)          162

9.2.4      BAKERY PRODUCTS      162

9.2.5      PERFORMANCE NUTRITION     162

9.2.6      CONVENIENCE FOODS 163

9.2.7      OTHER FOOD & BEVERAGE APPLICATIONS       163

9.3         FEED    163

9.3.1      INCREASED DEMAND FOR CLEAN-LABEL AND SUSTAINABLE FEED PRODUCTS TO DRIVE DEMAND FOR PLANT-BASED PROTEIN  163

TABLE 94           FEED: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)     164

TABLE 95           FEED: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)     164

10          PLANT-BASED PROTEIN MARKET, BY NATURE 165

10.1       INTRODUCTION            166

FIGURE 38         PLANT-BASED PROTEIN MARKET, BY NATURE, 2023 VS. 2028 (USD MILLION) 166

TABLE 96           PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)          166

TABLE 97           PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)          167

10.2       CONVENTIONAL           167

10.2.1    GROWING UTILIZATION OF PLANT-BASED FOOD PRODUCTS IN FOOD AND FEED INDUSTRIES TO STIMULATE EXPANSION OF CONVENTIONAL PROTEIN SOURCES    167

TABLE 98           CONVENTIONAL: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)       167

TABLE 99           CONVENTIONAL: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)       168

10.3       ORGANIC          168

10.3.1    GROWTH OF ORGANIC PLANT-BASED PROTEIN PRODUCTS TO BE FUELED BY RISING DEMAND FOR CLEAN-LABEL INGREDIENTS             168

TABLE 100         ORGANIC: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)          169

TABLE 101         ORGANIC: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)          169

11          PLANT-BASED PROTEIN MARKET, BY FORM      170

11.1       INTRODUCTION            171

FIGURE 39         PLANT-BASED PROTEIN MARKET, BY FORM, 2023 VS. 2028 (USD MILLION)          171

TABLE 102         PLANT-BASED PROTEIN MARKET, BY FORM, 2018–2022 (USD MILLION)          171

TABLE 103         PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION)          172

11.2       DRY      172

11.2.1    INCREASING APPLICATIONS OF DRY PROTEIN PRODUCTS IN PLANT-BASED FOOD & BEVERAGE INDUSTRY TO DRIVE MARKET GROWTH     172

TABLE 104         DRY: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION) 172

TABLE 105         DRY: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION) 173

11.3       LIQUID 173

11.3.1    HIGHER PROTEIN ENRICHMENT REQUIREMENTS IN NUTRITIONAL SUPPLEMENTS TO DRIVE GROWTH OF LIQUID PLANT PROTEIN           173

TABLE 106         LIQUID: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)     174

TABLE 107         LIQUID: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)     174

12          PLANT-BASED PROTEIN MARKET, BY REGION  175

12.1       INTRODUCTION            176

FIGURE 40         JAPAN TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD              177

TABLE 108         PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION)          177

TABLE 109         PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION)          178

TABLE 110         PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (KT)              178

TABLE 111         PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (KT)              178

12.2       NORTH AMERICA          179

FIGURE 41         NORTH AMERICA: REGIONAL SNAPSHOT          180

12.2.1    NORTH AMERICA: RECESSION IMPACT ANALYSIS          180

FIGURE 42         NORTH AMERICA: INFLATION RATES, BY COUNTRY, 2017–2022              181

FIGURE 43         NORTH AMERICA: RECESSION IMPACT ANALYSIS          182

TABLE 112         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    182

TABLE 113         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    182

TABLE 114         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       183

TABLE 115         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       183

TABLE 116         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT)             184

TABLE 117         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (KT)             184

TABLE 118         NORTH AMERICA: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION) 184

TABLE 119         NORTH AMERICA: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION) 185

TABLE 120         NORTH AMERICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 185

TABLE 121         NORTH AMERICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 185

TABLE 122        NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY FORM, 2018–2022 (USD MILLION)          186

TABLE 123        NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION)          186

TABLE 124         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           186

TABLE 125         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           186

TABLE 126         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)       187

TABLE 127         NORTH AMERICA: PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)       187

12.2.2    US         187

12.2.2.1 Rise in awareness regarding environmental and personal health benefits to drive preference for plant-based ingredients           187

TABLE 128         US: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION) 188

TABLE 129         US: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION) 189

TABLE 130         US: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         189

TABLE 131         US: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         189

12.2.3    CANADA            190

12.2.3.1 Capitalization on large-scale shift toward flexitarian diets by prominent players to drive production  190

TABLE 132         CANADA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     190

TABLE 133         CANADA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     191

TABLE 134         CANADA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         191

TABLE 135         CANADA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         191

12.2.4    MEXICO             192

12.2.4.1 Evolving consumer preferences and increasing demand for nutritious pet foods to stimulate market growth    192

TABLE 136         MEXICO: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     192

TABLE 137         MEXICO: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     193

TABLE 138         MEXICO: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         193

TABLE 139         MEXICO: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         193

12.3       EUROPE             194

12.3.1    EUROPE: RECESSION IMPACT ANALYSIS            194

FIGURE 44         EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2022              195

FIGURE 45         EUROPE: RECESSION IMPACT ANALYSIS            196

TABLE 140         EUROPE: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)          196

TABLE 141         EUROPE: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)          197

TABLE 142         EUROPE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     197

TABLE 143         EUROPE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     198

TABLE 144         EUROPE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT)           198

TABLE 145         EUROPE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (KT)           198

TABLE 146         EUROPE: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)     199

TABLE 147         EUROPE: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)     199

TABLE 148         EUROPE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         199

TABLE 149         EUROPE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, 2023–2028 (USD MILLION)     200

TABLE 150         EUROPE: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION)          200

TABLE 151         EUROPE: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          200

TABLE 152         EUROPE: PLANT-BASED PROTEIN MARKET, BY FORM, 2018–2022 (USD MILLION)     200

TABLE 153         EUROPE: PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION)     201

TABLE 154         EUROPE: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)     201

TABLE 155         EUROPE: PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)     201

12.3.2    UK         201

12.3.2.1 Increasing vegan population to drive plant-based protein market             201

TABLE 156         UK: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION) 202

TABLE 157         UK: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION) 202

TABLE 158         UK: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         203

TABLE 159         UK: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         203

12.3.3    GERMANY         203

12.3.3.1 Increasing dependence on plant-based foods and high adoption rate of flexitarian diets to boost growth of plant-based protein  203

TABLE 160         GERMANY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          204

TABLE 161         GERMANY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          204

TABLE 162         GERMANY: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 205

TABLE 163         GERMANY: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 205

12.3.4    ITALY   205

12.3.4.1 Rapidly changing consumer preferences from conventional to plant-based protein to drive market    205

TABLE 164         ITALY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     206

TABLE 165         ITALY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     206

TABLE 166         ITALY: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         207

TABLE 167         ITALY: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         207

12.3.5    FRANCE             207

12.3.5.1 Government support to develop domestic plant-based protein production and reduce imports to drive growth        207

TABLE 168         FRANCE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     208

TABLE 169         FRANCE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     209

TABLE 170         FRANCE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         209

TABLE 171         FRANCE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         209

12.3.6    NETHERLANDS 210

12.3.6.1 Increasing popularity of plant-based foods due to their health and environmental benefits to drive demand for plant protein     210

TABLE 172        NETHERLANDS: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          210

TABLE 173        NETHERLANDS: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          211

TABLE 174         NETHERLANDS: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 211

TABLE 175         NETHERLANDS: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 211

12.3.7    SPAIN   212

12.3.7.1 Product innovation and increased consumption of plant-based convenience foods to drive market    212

TABLE 176         SPAIN: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     212

TABLE 177         SPAIN: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     213

TABLE 178         SPAIN: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         213

TABLE 179         SPAIN: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         213

12.3.8    TURKEY             214

12.3.8.1 Health advantages linked to plant-centered diets to bolster demand for plant-based protein       214

TABLE 180         TURKEY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     214

TABLE 181         TURKEY: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     214

TABLE 182         TURKEY: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         215

TABLE 183         TURKEY: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         215

12.3.9    POLAND            215

12.3.9.1 Evolving consumer preferences and health awareness to spur market growth              215

TABLE 184         POLAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     216

TABLE 185         POLAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     216

TABLE 186         POLAND: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         216

TABLE 187         POLAND: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         217

12.3.10  REST OF EUROPE           217

TABLE 188         REST OF EUROPE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       217

TABLE 189         REST OF EUROPE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       218

TABLE 190         REST OF EUROPE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 218

TABLE 191         REST OF EUROPE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 218

12.4       ASIA PACIFIC    219

FIGURE 46         ASIA PACIFIC: MARKET SNAPSHOT       220

12.4.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    220

FIGURE 47         ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2022              221

FIGURE 48         ASIA PACIFIC: RECESSION IMPACT ANALYSIS    221

TABLE 192        ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)          222

TABLE 193        ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)          222

TABLE 194         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          223

TABLE 195         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          223

TABLE 196         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT) 223

TABLE 197         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (KT) 224

TABLE 198         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)     224

TABLE 199         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)     224

TABLE 200         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 225

TABLE 201         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 225

TABLE 202         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY FORM, 2018–2022 (USD MILLION)          225

TABLE 203         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION)          225

TABLE 204         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           226

TABLE 205         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           226

TABLE 206         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)          226

TABLE 207         ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)          226

12.4.2    CHINA  227

12.4.2.1 Demand for products with health benefits to drive market growth            227

TABLE 208         CHINA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     228

TABLE 209         CHINA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     228

TABLE 210         CHINA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         228

TABLE 211         CHINA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, 2023–2028 (USD MILLION)     229

12.4.3    JAPAN  229

12.4.3.1 Ageing population and rising consumption of plant-based convenience foods to drive market growth           229

TABLE 212         JAPAN: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     230

TABLE 213         JAPAN: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     230

TABLE 214         JAPAN: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         230

TABLE 215         JAPAN: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         231

12.4.4    AUSTRALIA & NEW ZEALAND   231

12.4.4.1 Investments from key players and rising vegan population to drive growth of plant-based protein       231

TABLE 216         AUSTRALIA & NEW ZEALAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)            232

TABLE 217         AUSTRALIA & NEW ZEALAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)            232

TABLE 218         AUSTRALIA & NEW ZEALAND: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)              232

TABLE 219         AUSTRALIA & NEW ZEALAND: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)              233

12.4.5    INDIA   233

12.4.5.1 Evolving dietary preferences and increasing coronary heart diseases to drive demand for plant-based protein       233

TABLE 220         INDIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     234

TABLE 221         INDIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     234

TABLE 222         INDIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         234

TABLE 223         INDIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         235

12.4.6    SOUTH KOREA 235

12.4.6.1 Significant shift toward alternative proteins and rising food safety concerns to spur growth   235

TABLE 224         SOUTH KOREA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          235

TABLE 225         SOUTH KOREA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          236

TABLE 226         SOUTH KOREA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 236

TABLE 227         SOUTH KOREA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 236

12.4.7    INDONESIA       237

12.4.7.1 Growing demand for soy protein in food products and animal feed to boost market expansion            237

TABLE 228         INDONESIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          237

TABLE 229         INDONESIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          237

TABLE 230         INDONESIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 238

TABLE 231         INDONESIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 238

12.4.8    MALAYSIA         238

12.4.8.1 Influence of Buddhism and Hinduism to contribute to popularity of vegetarianism              238

TABLE 232         MALAYSIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          239

TABLE 233         MALAYSIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          239

TABLE 234         MALAYSIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 239

TABLE 235         MALAYSIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 240

12.4.9    PHILIPPINES     240

12.4.9.1 Surge in health and wellness trends to persuade people to prefer protein-based food products       240

TABLE 236         PHILIPPINES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          240

TABLE 237         PHILIPPINES: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          241

TABLE 238         PHILIPPINES: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 241

TABLE 239         PHILIPPINES: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 241

12.4.10  VIETNAM          242

12.4.10.1             Environmental issues and concerns related to carbon footprint of animal agriculture to drive growth 242

TABLE 240         VIETNAM: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          242

TABLE 241         VIETNAM: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          242

TABLE 242         VIETNAM: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         243

TABLE 243         VIETNAM: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         243

12.4.11  THAILAND        243

12.4.11.1             Rising awareness regarding environmental impact of meat industry to encourage market growth   243

TABLE 244         THAILAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          244

TABLE 245         THAILAND: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          244

TABLE 246         THAILAND: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 244

TABLE 247         THAILAND: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 245

12.4.12  REST OF ASIA PACIFIC  245

TABLE 248         REST OF ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       245

TABLE 249         REST OF ASIA PACIFIC: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       246

TABLE 250         REST OF ASIA PACIFIC: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 246

TABLE 251         REST OF ASIA PACIFIC: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 246

12.5       SOUTH AMERICA           247

12.5.1    SOUTH AMERICA: RECESSION IMPACT ANALYSIS          247

FIGURE 49         SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022      248

FIGURE 50         SOUTH AMERICA: RECESSION IMPACT ANALYSIS          248

TABLE 252         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    249

TABLE 253         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    249

TABLE 254         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       249

TABLE 255         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       250

TABLE 256         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION) 250

TABLE 257         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION) 250

TABLE 258         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 251

TABLE 259         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 251

TABLE 260         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT)             251

TABLE 261         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (KT)             252

TABLE 262         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           252

TABLE 263         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           252

TABLE 264         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY FORM, 2018–2022 (USD MILLION)          252

TABLE 265         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION)          253

TABLE 266         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)       253

TABLE 267         SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)       253

12.5.2    BRAZIL 253

12.5.2.1 High processing and export capabilities coupled with increased adoption of plant-based foods to drive growth             253

TABLE 268         BRAZIL: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     254

TABLE 269         BRAZIL: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     255

TABLE 270         BRAZIL: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         255

TABLE 271         BRAZIL: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         255

12.5.3    ARGENTINA      256

12.5.3.1 Environmental, nutritional, and animal welfare concerns among youth to drive demand for plant-based protein       256

TABLE 272         ARGENTINA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          256

TABLE 273         ARGENTINA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          257

TABLE 274         ARGENTINA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 257

TABLE 275         ARGENTINA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 257

12.5.4    COLUMBIA        258

12.5.4.1 Rapid surge in vegan population to encourage popularity of plant-based protein              258

TABLE 276         COLUMBIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          258

TABLE 277         COLUMBIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          259

TABLE 278         COLUMBIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 259

TABLE 279         COLUMBIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 259

12.5.5    PERU    260

12.5.5.1 Environmental considerations, nutritional awareness, and concerns about animal welfare to spur market       260

TABLE 280         PERU: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     260

TABLE 281         PERU: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     261

TABLE 282         PERU: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         261

TABLE 283         PERU: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         261

12.5.6    CHILE  262

12.5.6.1 Focus on promoting a vegan-friendly lifestyle to boost growth   262

TABLE 284         CHILE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     262

TABLE 285         CHILE: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     263

TABLE 286         CHILE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         263

TABLE 287         CHILE: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         263

12.5.7    REST OF SOUTH AMERICA         264

TABLE 288         REST OF SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION) 264

TABLE 289         REST OF SOUTH AMERICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION) 264

TABLE 290         REST OF SOUTH AMERICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)     265

TABLE 291         REST OF SOUTH AMERICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)     265

12.6       REST OF THE WORLD (ROW)    265

12.6.1    ROW: RECESSION IMPACT ANALYSIS    266

FIGURE 51         ROW: RECESSION IMPACT ANALYSIS    267

TABLE 292         ROW: PLANT-BASED PROTEIN MARKET, BY REGION, 2018–2022 (USD MILLION) 267

TABLE 293         ROW: PLANT-BASED PROTEIN MARKET, BY REGION, 2023–2028 (USD MILLION) 267

TABLE 294         ROW: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION) 268

TABLE 295         ROW: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION) 268

TABLE 296         ROW: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (KT)      269

TABLE 297         ROW: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (KT)      269

TABLE 298         ROW: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2018–2022 (USD MILLION)          269

TABLE 299         ROW: PLANT-BASED PROTEIN MARKET FOR PEA, BY SUBTYPE, 2023–2028 (USD MILLION)          270

TABLE 300         ROW: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         270

TABLE 301         ROW: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         270

TABLE 302         ROW: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION)          270

TABLE 303         ROW: PLANT-BASED PROTEIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          271

TABLE 304         ROW: PLANT-BASED PROTEIN MARKET, BY FORM, 2018–2022 (USD MILLION) 271

TABLE 305         ROW: PLANT-BASED PROTEIN MARKET, BY FORM, 2023–2028 (USD MILLION) 271

TABLE 306         ROW: PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)     271

TABLE 307         ROW: PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)     271

12.6.2    AFRICA 272

12.6.2.1 Favorable processing conditions coupled with rising consumer awareness about health issues to boost market growth              272

TABLE 308         AFRICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)          272

TABLE 309         AFRICA: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)          272

TABLE 310         AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     273

TABLE 311         AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     273

TABLE 312         AFRICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         273

TABLE 313         AFRICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         274

12.6.2.2 South Africa        274

TABLE 314        SOUTH AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          274

TABLE 315        SOUTH AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          275

TABLE 316         SOUTH AFRICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 275

TABLE 317         SOUTH AFRICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 275

12.6.2.3 Morocco 276

TABLE 318         MOROCCO: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          276

TABLE 319         MOROCCO: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          276

TABLE 320         MOROCCO: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 277

TABLE 321         MOROCCO: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 277

12.6.2.4 Algeria   277

TABLE 322         ALGERIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     278

TABLE 323         ALGERIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     278

TABLE 324         ALGERIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         278

TABLE 325         ALGERIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         279

12.6.2.5 Kenya    279

TABLE 326         KENYA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)     279

TABLE 327         KENYA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)     280

TABLE 328         KENYA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION)         280

TABLE 329         KENYA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION)         280

12.6.2.6 Rest of Africa       281

TABLE 330         REST OF AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       281

TABLE 331         REST OF AFRICA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       282

TABLE 332         REST OF AFRICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 282

TABLE 333         REST OF AFRICA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 282

12.6.3    MIDDLE EAST  283

12.6.3.1 Demand for plant-based convenience foods to drive growth of plant-based protein industry 283

TABLE 334         MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    283

TABLE 335         MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    283

TABLE 336         MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          283

TABLE 337         MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          284

TABLE 338         MIDDLE EAST: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 284

TABLE 339         MIDDLE EAST: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 284

12.6.3.2 Saudi Arabia        285

TABLE 340         SAUDI ARABIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)          285

TABLE 341         SAUDI ARABIA: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)          285

TABLE 342         SAUDI ARABIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 286

TABLE 343         SAUDI ARABIA: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 286

12.6.3.3 Rest of Middle East            286

TABLE 344         REST OF MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2018–2022 (USD MILLION)       287

TABLE 345         REST OF MIDDLE EAST: PLANT-BASED PROTEIN MARKET, BY SOURCE, 2023–2028 (USD MILLION)       287

TABLE 346         REST OF MIDDLE EAST: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2018–2022 (USD MILLION) 287

TABLE 347         REST OF MIDDLE EAST: PLANT-BASED PROTEIN MARKET FOR FERMENTED PROTEIN, BY SUBTYPE, 2023–2028 (USD MILLION) 288

13          COMPETITIVE LANDSCAPE       289

13.1       OVERVIEW        289

13.2       MARKET SHARE ANALYSIS         289

TABLE 348         PLANT-BASED PROTEIN MARKET: INTENSITY OF COMPETITIVE RIVALRY             290

13.3       STRATEGIES ADOPTED BY KEY PLAYERS           290

TABLE 349         STRATEGIES ADOPTED BY KEY PLAYERS           290

13.4       HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS     292

FIGURE 52         HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS, 2018–2022 (USD BILLION) 292

13.5       ANNUAL REVENUE VS. GROWTH (KEY PLAYERS)           293

FIGURE 53         ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022      293

13.6       EBITDA OF KEY PLAYERS           294

FIGURE 54         EBITDA OF KEY PLAYERS, 2022 (USD BILLION)  294

13.7       GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS   294

FIGURE 55         GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS, 2022              294

13.8       COMPANY EVALUATION MATRIX FOR KEY PLAYERS     295

13.8.1    STARS  295

13.8.2    EMERGING LEADERS    295

13.8.3    PERVASIVE PLAYERS     295

13.8.4    PARTICIPANTS 296

FIGURE 56         COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022              296

13.8.5    COMPANY FOOTPRINT 297

TABLE 350         COMPANY FOOTPRINT, BY SOURCE      297

TABLE 351         COMPANY FOOTPRINT, BY TYPE           298

TABLE 352         COMPANY FOOTPRINT, BY APPLICATION         299

TABLE 353         COMPANY FOOTPRINT, BY REGION      300

TABLE 354         OVERALL COMPANY FOOTPRINT          301

13.9       START-UP/SME EVALUATION MATRIX 302

13.9.1    PROGRESSIVE COMPANIES       302

13.9.2    RESPONSIVE COMPANIES          302

13.9.3    DYNAMIC COMPANIES 302

13.9.4    STARTING BLOCKS       302

FIGURE 57         START-UP/SME EVALUATION MATRIX, 2022      303

13.9.5    COMPETITIVE BENCHMARKING            304

TABLE 355         DETAILED LIST OF KEY START-UPS/SMES         304

TABLE 356         COMPETITIVE BENCHMARKING OF START-UPS/SMES  305

13.10     COMPETITIVE SCENARIO          306

13.10.1  PRODUCT LAUNCHES  306

TABLE 357         PLANT-BASED PROTEIN MARKET: PRODUCT LAUNCHES, 2019–2021          306

13.10.2  DEALS  307

TABLE 358         PLANT-BASED PROTEIN MARKET: DEALS, 2019–2022     307

13.10.3  OTHERS             310

TABLE 359         PLANT-BASED PROTEIN MARKET: OTHERS, 2019–2022  310

14          COMPANY PROFILES    314

14.1       KEY PLAYERS   314

(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*

14.1.1    ADM     314

TABLE 360         ADM: BUSINESS OVERVIEW       314

FIGURE 58         ADM: COMPANY SNAPSHOT     315

TABLE 361         ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED      315

TABLE 362         ADM: PRODUCT LAUNCHES     317

TABLE 363         ADM: DEALS     317

TABLE 364         ADM: OTHERS  318

14.1.2    CARGILL, INCORPORATED        319

TABLE 365         CARGILL, INCORPORATED: BUSINESS OVERVIEW          319

FIGURE 59         CARGILL, INCORPORATED: COMPANY SNAPSHOT        319

TABLE 366         CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   320

TABLE 367         CARGILL, INCORPORATED: OTHERS     320

14.1.3    INTERNATIONAL FLAVORS & FRAGRANCES INC.            322

TABLE 368         INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW        322

FIGURE 60         INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT        323

TABLE 369         INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   323

14.1.4    INGREDION      325

TABLE 370         INGREDION: BUSINESS OVERVIEW        325

FIGURE 61         INGREDION: COMPANY SNAPSHOT      326

TABLE 371         INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED              326

TABLE 372         INGREDION: PRODUCT LAUNCHES       327

TABLE 373         INGREDION: DEALS      327

TABLE 374         INGREDION: OTHERS   328

14.1.5    ROQUETTE FRÈRES      329

TABLE 375         ROQUETTE FRÈRES: BUSINESS OVERVIEW         329

TABLE 376         ROQUETTE FRÈRES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          329

TABLE 377         ROQUETTE FRÈRES: DEALS       330

TABLE 378         ROQUETTE FRÈRES: OTHERS   330

14.1.6    WILMAR INTERNATIONAL LTD.             332

TABLE 379         WILMAR INTERNATIONAL LTD.: BUSINESS OVERVIEW 332

FIGURE 62         WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT              333

TABLE 380         WILMAR INTERNATIONAL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   333

14.1.7    GLANBIA PLC   334

TABLE 381         GLANBIA PLC: BUSINESS OVERVIEW     334

FIGURE 63         GLANBIA PLC: COMPANY SNAPSHOT   335

TABLE 382         GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED              335

TABLE 383         GLANBIA PLC: PRODUCT LAUNCHES    336

TABLE 384         GLANBIA PLC: DEALS   336

14.1.8    KERRY GROUP PLC        337

TABLE 385         KERRY GROUP PLC: BUSINESS OVERVIEW         337

FIGURE 64         KERRY GROUP PLC: COMPANY SNAPSHOT        338

TABLE 386         KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          338

TABLE 387         KERRY GROUP PLC: DEALS        339

TABLE 388         KERRY GROUP PLC: OTHERS     339

14.1.9    DSM      340

TABLE 389         DSM: BUSINESS OVERVIEW       340

FIGURE 65         DSM: COMPANY SNAPSHOT      341

TABLE 390         DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED       341

TABLE 391         DSM: DEALS     342

14.1.10  AGT FOOD AND INGREDIENTS 343

TABLE 392         AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW  343

TABLE 393         AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED   343

TABLE 394         AGT FOOD AND INGREDIENTS: DEALS 344

14.1.11  BURCON NUTRASCIENCE CORPORATION         345

TABLE 395         BURCON NUTRASCIENCE CORPORATION: BUSINESS OVERVIEW        345

FIGURE 66         BURCON NUTRASCIENCE CORPORATION: COMPANY SNAPSHOT        345

TABLE 396         BURCON NUTRASCIENCE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   346

TABLE 397         BURCON NUTRASCIENCE CORPORATION: DEALS          346

TABLE 398         BURCON NUTRASCIENCE CORPORATION: OTHERS      347

14.1.12  EMSLAND GROUP         348

TABLE 399         EMSLAND GROUP: BUSINESS OVERVIEW           348

TABLE 400         EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          348

TABLE 401         EMSLAND GROUP: DEALS         349

14.1.13  PURIS   350

TABLE 402         PURIS: BUSINESS OVERVIEW     350

TABLE 403         PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    350

TABLE 404         PURIS: OTHERS 351

14.1.14  COSUCRA          352

TABLE 405         COSUCRA: BUSINESS OVERVIEW            352

TABLE 406         COSUCRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              352

TABLE 407         COSUCRA: PRODUCT LAUNCHES          353

TABLE 408         COSUCRA: OTHERS       353

14.1.15  TATE & LYLE    354

TABLE 409         TATE & LYLE: BUSINESS OVERVIEW      354

FIGURE 67         TATE & LYLE: COMPANY SNAPSHOT     355

TABLE 410         TATE & LYLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              355

TABLE 411         TATE & LYLE: DEALS    356

14.2       OTHER PLAYERS/START-UPS/SMES      357

14.2.1    BENEO GMBH   357

TABLE 412         BENEO GMBH: BUSINESS OVERVIEW    357

TABLE 413         BENEO GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED              357

TABLE 414         BENEO GMBH: DEALS   358

TABLE 415         BENEO GMBH: OTHERS              358

14.2.2    SOTEXPRO        360

TABLE 416         SOTEXPRO: BUSINESS OVERVIEW          360

TABLE 417         SOTEXPRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED              360

14.2.3    SHANDONG JIANYUAN GROUP 362

TABLE 418         SHANDONG JIANYUAN GROUP: BUSINESS OVERVIEW   362

TABLE 419         SHANDONG JIANYUAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED   362

14.2.4    AMCO PROTEINS           363

TABLE 420         AMCO PROTEINS: BUSINESS OVERVIEW             363

TABLE 421         AMCO PROTEINS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          363

TABLE 422         AMCO PROTEINS: OTHERS        364

14.2.5    AUSTRALIAN PLANT PROTEINS PTY LTD.          365

TABLE 423         AUSTRALIAN PLANT PROTEINS PTY LTD.: BUSINESS OVERVIEW        365

TABLE 424         AUSTRALIAN PLANT PROTEINS PTY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   365

14.2.6    NUTRAFERMA, INC.       367

TABLE 425         NUTRAFERMA, INC.: BUSINESS OVERVIEW        367

TABLE 426         NUTRAFERMA, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          367

14.2.7    MYCOTECHNOLOGY, INC.         368

TABLE 427         MYCOTECHNOLOGY, INC.: BUSINESS OVERVIEW           368

TABLE 428         MYCOTECHNOLOGY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   368

TABLE 429         MYCOTECHNOLOGY, INC.: PRODUCT LAUNCHES         369

TABLE 430         MYCOTECHNOLOGY, INC.: DEALS         369

TABLE 431         MYCOTECHNOLOGY, INC.: OTHERS      370

14.2.8    EUROPEAN PROTEIN A/S           371

TABLE 432         EUROPEAN PROTEIN A/S: BUSINESS OVERVIEW             371

TABLE 433         EUROPEAN PROTEIN A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED          371

14.2.9    AXIOM FOODS, INC.      373

14.2.10  AMINOLA          374

14.2.11  THE GREEN LABS LLC. 375

14.2.12  ETCHEM            376

14.2.13  PROEON            377

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.

15          ADJACENT AND RELATED MARKETS     378

15.1       INTRODUCTION            378

TABLE 434         MARKETS ADJACENT TO PLANT-BASED PROTEIN MARKET              378

15.2       LIMITATIONS   378

15.3       PEA PROTEIN MARKET 379

15.3.1    MARKET DEFINITION   379

15.3.2    MARKET OVERVIEW     379

15.3.3    PEA PROTEIN MARKET, BY FORM           379

TABLE 435         PEA PROTEIN MARKET, BY FORM, 2017–2020 (USD MILLION)              380

TABLE 436         PEA PROTEIN MARKET, BY FORM, 2021–2027 (USD MILLION)              380

15.3.4    PEA PROTEIN MARKET, BY REGION       380

TABLE 437         PEA PROTEIN MARKET, BY REGION, 2017–2020 (USD MILLION)              380

TABLE 438         PEA PROTEIN MARKET, BY REGION, 2021–2027 (USD MILLION)              381

15.4       SOY PROTEIN INGREDIENTS MARKET  381

15.4.1    MARKET DEFINITION   381

15.4.2    MARKET OVERVIEW     381

15.4.3    SOY PROTEIN INGREDIENTS MARKET, BY TYPE             382

TABLE 439         SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION) 382

TABLE 440         SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION) 382

15.4.4    SOY PROTEIN INGREDIENTS MARKET, BY REGION        383

TABLE 441         SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION) 383

TABLE 442         SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION) 383

15.5       PROTEIN INGREDIENTS MARKET          384

15.5.1    MARKET DEFINITION   384

15.5.2    MARKET OVERVIEW     384

15.5.3    PROTEIN INGREDIENTS MARKET, BY SOURCE  384

TABLE 443         PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION)          385

TABLE 444         PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION)          385

15.5.4    PROTEIN INGREDIENTS MARKET, BY REGION  385

TABLE 445         PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION)          386

TABLE 446         PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION)          386

16          APPENDIX         387

16.1       DISCUSSION GUIDE      387

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             393

16.3       CUSTOMIZATION OPTIONS      395

16.4       RELATED REPORTS       395

16.5       AUTHOR DETAILS         396