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Global Alternative Proteins Market: By Source: Plant Based, Fermentation, Cellular Agriculture, Others; By Ingredient: Bulk Ingredients, Specialty Ingredients; By End Use: Food and Beverage, Aquaculture, Animal Feed; By Distribution Channel: B2B, B2C; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Alternative Proteins Market Outlook
The global market size for alternative proteins reached a value of more than 19.06 MMT in 2023. The global alternative proteins market is expected to grow at a CAGR of 13.4% in the forecast period of 2024-2032, reaching a projected value of 59.11 MMT by 2032.
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News and Developments in the Market
- In March 2022, Glanbia Nutritionals announced revolutionary new protein solutions intended to resolve several manufacturing and sensory challenges that plague protein extrusion within the snack and cereal categories.
- In December 2021, Darling Ingredients Inc. announced its acquisition of Valley Proteins as it entered a definitive contract to acquire all Valley Proteins shares for approximately $1.1 billion cash. Valley Proteins manages 18 renderings and employed cooking oil facilities all over the southeast, southern, and mid-Atlantic regions of the United States.
- In November 2021, DuPont announced a series of actions enhancing its strategy as a leading multi-industrial corporation dedicated to market-leading high-margin, high-growth businesses with complementary technologies as well as financial characteristics.
- In February 2020, Cargill, a global leader in food and agriculture, announced new private label plant-based patties and ground products.
Key Trends in the Market
Alternative protein sources include everything from algae to re-engineered plant-based legumes as well as a variety of substitutes for meat. It comprises food products made from fungi (mushrooms), plants (for instance, legumes, nuts, and grains), algae, cultured (lab-grown) meat, and insects.
- The surging number of venture investments in alternative protein companies is likely to aid the sales of the alternative proteins market across the globe.
- The growing food industry is expected to fuel the market growth of alternative protein across the globe. This is because the surging demand for protein has brought rapid innovations which are led by the food industry in alternative protein types which is further expected to improve the nutritional content.
- Alternative proteins have lower carbon emissions along with fewer concerns about the ethics and environmental concerns of intensive animal farming. The tasty, nutritious, as well as healthy nature of these proteins are some of the advantages boosting the market growth during the forecast period.
- The environmental sustainability and the high nutritional value of edible insects are aiding the market growth of alternative proteins globally.
- The surging research and development of innovative products along with the growing inclination toward veganism offer substantial market prospects for the growth of alternative protein.
Market Analysis
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Based on source, the global alternative proteins market can be segmented into plant based, fermentation, and cellular agriculture, among others. On the basis of ingredients, the market is bifurcated into bulk ingredients and specialty ingredients. Based on the end-uses, the market is divided into food and beverage, aquaculture, and animal feed, among others. According to distribution channel, it can be segmented into B2B and B2C. The regional markets for the alternative proteins market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global alternative proteins market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- E.I. Dupont De Nemours and Company
- Greenleaf Foods SPC
- Glanbia Plc
- Archer Daniels Midland Company
- Darling Ingredients
- Cargill Incorporated
- Kerry Group
- Calysta
- Others
Market Share by Source
The plant based segment is expected to witness substantial growth in the alternative proteins market share on account of the increasing demand from food and beverage producers and the rise in the vegan population.
The growing number of plant-based product launches coupled with the large presence of plant protein producers are expected to boost the market growth of alternative protein over the coming years. The increase in veganism in various regions coupled with surging awareness among customers about the harmful health effects of meat and meat products is further expected to influence the market growth of alternative protein.
Market Share by Region
Geographically, the North America region is augmenting the alternative proteins market as consumers are concerned regarding the ingredients used in food products in the region. The health impacts and sustainability are playing a significant role when choosing alternative proteins, and influencing the market demand across the region. The rising demand for nutritious ingredients coupled with growing customer attention toward preventive healthcare is driving the sales of alternative proteins, especially in Canada and the United States.
Meanwhile, the Asia Pacific region is expected to fuel the market growth of alternative proteins on account of the vast agriculture sector. Additionally, sourcing proteins from organic food components is easier in the region. With the rise in the lactose intolerant population in the region, the alternative proteins market is likely to grow during the forecast period, especially in countries like India and China. The growing research and development activities and the rise in start-ups innovating various types of alternative proteins are expected to boost the regional market growth.
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Competitive Landscape
- E.I. Dupont De Nemours and Company is a leading multi-industry specialty company with a vast global businesses associated with developing agricultural products, technologies, and speciality products.
- Greenleaf Foods SPC is dedicated to forming the future of plant-based foods. The leading plant-based protein brand incorporates light life foods and field roast. The company is changing plant-based protein with a huge range of delightful as well as advanced products that cater to customers interested in adding protein to their diets.
- Glanbia Plc is a global leader in performance along with lifestyle nutrition, with a family of nine brands. The company aims to encourage people all around the globe to attain their performance as well as healthy lifestyle goals.
- Archer Daniels Midland Company is the world’s largest nutrition company. The company is leading both human and animal nutrition. It transforms crops into ingredients as well as solutions for foods, beverages, and supplements for people worldwide with a portfolio of solutions and services for livestock, pets, and aquaculture.
Other market players include Darling Ingredients, Cargill Incorporated, Kerry Group, and Calysta, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Ingredient |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Alternative Proteins Market Analysis
8.1 Key Industry Highlights
8.2 Global Alternative Proteins Historical Market (2018-2023)
8.3 Global Alternative Proteins Market Forecast (2024-2032)
8.4 Global Alternative Proteins Market by Source
8.4.1 Plant Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Fermentation
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cellular Agriculture
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Alternative Proteins Market by Ingredient
8.5.1 Bulk Ingredients
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Specialty Ingredients
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Alternative Proteins Market by End Use
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Aquaculture
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Animal Feed
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Alternative Proteins Market by Distribution Channel
8.7.1 B2B
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 B2C
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 Global Alternative Proteins Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Alternative Proteins Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Alternative Proteins Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Alternative Proteins Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Alternative Proteins Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Alternative Proteins Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 E.I. Dupont De Nemours and Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Greenleaf Foods SPC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Glanbia Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Archer Daniels Midland Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Darling Ingredients
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Cargill Incorporated
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kerry Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Calysta
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Alternative Protein Market: Key Industry Highlights, 2018 and 2032
2. Global Alternative Protein Historical Market: Breakup by Source (MMT), 2018-2023
3. Global Alternative Protein Market Forecast: Breakup by Source (MMT), 2024-2032
4. Global Alternative Protein Historical Market: Breakup by Ingredient MMT), 2018-2023
5. Global Alternative Protein Market Forecast: Breakup by Ingredient (MMT), 2024-2032
6. Global Alternative Protein Historical Market: Breakup by End Use (MMT), 2018-2023
7. Global Alternative Protein Market Forecast: Breakup by End Use (MMT), 2024-2032
8. Global Alternative Protein Historical Market: Breakup by Distribution Channel (MMT), 2018-2023
9. Global Alternative Protein Market Forecast: Breakup by Distribution Channel (MMT), 2024-2032
10. Global Alternative Protein Historical Market: Breakup by Region (MMT), 2018-2023
11. Global Alternative Protein Market Forecast: Breakup by Region (MMT), 2024-2032
12. North America Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
13. North America Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
14. Europe Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
15. Europe Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
16. Asia Pacific Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
17. Asia Pacific Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
18. Latin America Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
19. Latin America Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
20. Middle East and Africa Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
21. Middle East and Africa Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
22. Global Alternative Protein Market Structure
Key Questions Answered in the Report
In 2023, the global market size for alternative proteins attained a value of nearly 19.06 MMT.
The market is assessed to grow at a CAGR of 13.4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost 59.11 MMT by 2032.
The major drivers are growing urbanisation along with the rise in demand for natural and healthy products and health awareness.
The key market trends include the increasing disposable income among people and growing trend of veganism.
The major regions in the global alternative proteins market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various sources include plant based, fermentation, and cellular agriculture, among others.
The different ingredients include bulk ingredients and specialty ingredients.
The various end-uses of the alternative proteins market include food and beverage, aquaculture, and animal feed, among others.
The various distribution channels of alternative proteins include B2B and B2C.
The major players in the market are E.I. Dupont De Nemours and Company, Greenleaf Foods SPC, Glanbia Plc, Archer Daniels Midland Company, Darling Ingredients, Cargill Incorporated, Kerry Group, and Calysta, among others.
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