Global alternative protein market size reached USD 14.76 billion in 2021 and is expected to register a revenue CAGR of 11.1% during the forecast period, according to the latest analysis by Emergen. Rising per capita income and increasing demand for vegan and plant-based are expected to support market revenue growth between 2022 and 2030. Besides increasing demand for organic products, shift toward sustainable lifestyle is further expected to drive market revenue growth.
In addition, rising demand for vegan and organic food products due to their health advantages has led to rise in preference for plant-based protein products, which is expected to contribute significantly to market revenue growth.
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Rising demand for organic products and shift toward a sustainable lifestyle are significant factors that are expected to increase demand for alternative protein. Increasing awareness of health risks associated with meat consumption and growing activism against animal cruelty have led to rising adoption of vegan products as an alternative source of protein content. According to World Health Organization (WHO) International Agency for Research on Cancer (IARC), intake of red meat is carcinogenic to humans. These conclusions had been based on the proof for colorectal cancer.
The report projects the market is anticipated to grow at a significant rate owing to rapid advancements and technological developments in the sector. The report offers strategic recommendations to businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.
Key players involved in the market such as Kerry Inc., DuPont de Nemours Inc., Royal Avebe UA, Corbion NV, Glanbia PLC, Cargill Incorporated, Ingredion Incorporated, The Archer Daniels Midland Company, Roquette Frères Le Romain, and Tate & Lyle PLC.
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The global Alternative Protein market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Alternative Protein market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Alternative Protein market.
Emergen Research has segmented global alternative protein market on the basis of source, application, form, and region:
Source Outlook (Revenue, USD Billion, Volume, Kilo Tons;2019–2030)
Application Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019–2030)
Form Outlook (Revenue, USD Billion, Volume, Kilo Tons;2019–2030)
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Key Highlights From the Report
Plant-based segment revenue is expected to grow at a substantially rapid CAGR during the forecast period due to rising demand for plant-based protein substitutes.
Dairy alternatives segment is expected to account for the largest revenue growth over the forecast period due to increasing use of protein concentrate in food and bakery products.
North America is expected to register higher revenue growth rate in plant-based protein market over the forecast period due to robust presence of international and domestic enterprises providing plant-based protein products, such as Kerry Inc., Cargill Incorporated, Ingredion Incorporated, and Tate & Lyle PLC.
This section of the report offers valuable insights into the geographical segmentation of the Alternative Protein market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Alternative Protein market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Alternative Protein market?
What are the key product types and applications of the Alternative Protein industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Alternative Protein market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Alternative Protein Market by 2027?
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