Market Size of Japan Plant Protein Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2019 |
| CAGR | 1.65 % |
| Market Concentration | High |
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Japan Plant Protein Market Analysis
The Japan Plant Protein Market stood at 284.00 million usd in 2021 and is projected to register a CAGR of 1.65% to reach 308.17 million usd in 2026.
- Largest Segment by Product Type - Soy Protein : Soy protein is preferred above all other plant protein types due to its high protein content, low viscosity, solubility, etc., which ensures its extensive use in all sectors.
- Largest Segment by End User - Food and Beverages : The demand for plant protein is highest from the F&B sector, owing mainly to its multifunctionality and the surging number of regional consumers shifting toward vegan meals.
- Fastest Growing Segment by Product Type - Oat Protein : Wheat protein is projected to be the fastest-growing plant protein type in Japan due to its growing applications in the F&B sector, mainly in the bakery sub-sector.
- Fastest Growing Segment by End User - Personal Care and Cosmetics : The Japanese plant protein sector is evolving in terms of processing technology and application, leading to higher production of pea and soy protein for local consumption.
