Reports
Global Protein Alternatives Market: By Source: Plant Protein, Mycoprotein, Algal Protein, Insect Protein; By Application: Food and Beverage, Dietary Supplements, Animal Feed and Pet Food, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Protein Alternatives Market Outlook
The global protein alternatives market is expected to grow in the forecast period of 2023-2028 at a CAGR of 6.8%, driven by the rising health consciousness among consumers.
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North America Accounts for a Significant Share of the Global Market for Protein Alternatives
North America is a significant regional market for the global protein alternatives industry owing to the rising demand for plant-based protein like soy, lentils, beans, and wheat, amongst others. Furthermore, North America’s protein alternatives industry is at its peak due to the significant increase in vegan population, rise in demand for healthy and nutritional products, along with weight management.
Protein Alternatives Industry in the Asia Pacific to Witness a Robust Growth
The Asia Pacific is expected to witness growth in upcoming years as they have started to incorporate more protein in their daily diets. People have become more health conscious and companies have started programmes and campaigns to educate customers about the benefits of alternative proteins. These factors have accelerated the growth of the protein alternatives industry in the Asia Pacific region. The rising technological advancement in the food and beverages industry has also aided the growth of the market.
Effect of COVID-19 on the Global Market for Protein Alternatives
The outbreak of the COVID-19 pandemic has provided lucrative growth opportunities to the protein alternatives industry. It has been found that coronavirus disease has been having an overwhelming impact on people with underlying health conditions like diabetes, hypertension, and heart disease. Protein alternatives can reduce the effect of such comorbidities as there is an abundance of macronutrients, micronutrients, and antioxidants present in them. Although COVID-19 has not affected the livestock, the pandemic increased the attention given to viral infections associated with livestock, leading to a higher demand for protein alternatives. Such factors kept the protein alternatives industry afloat during the pandemic, despite the initial disruptions in supply chain.
Protein Alternatives: Market Segmentation
Protein alternatives are non-meat and non-dairy proteins. They encompass everything from algae to re-engineered plant-based legumes and a variety of meat substitutes like lab-grown meat, plant-based meat, single-cell proteins from yeast or algae, and edible insects. These alternative proteins emphasise healthier eating and smaller environmental footprint without sacrificing the taste.
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The major sources of protein alternatives are as follow:
- Plant Protein
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
- Mycoprotein
- Algal Protein
- Insect Protein
The market can be broadly categorised on the basis of its application into:
- Food and Beverage
- Dietary Supplements
- Animal Feed and Pet Food
- Personal Care and Cosmetics
- Others
The EMR report looks into the regional markets of protein alternatives like North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
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Shift in the Customer Preferences Aiding the Market Growth of Protein Alternatives
The protein alternatives industry is witnessing a healthy growth due to the rapid shift of consumer preferences from animal protein to plant protein. Various factors like sustainability issues, health awareness, ethical or religious views, and environmental and animal rights are responsible for this growing inclination toward a plant-based diet. Meat and dairy-based products contain amino acids, which are associated with health issues like high cholesterol levels, further driving consumers towards seeking out protein alternatives. Such factors have aided the growth of the market in the historical period.
Growing urbanisation with a new customer base, innovation in food technology, growing venture investments in alternative protein companies, environmental concerns with consumption of animal protein, the high nutritional value of edible insects, and the rising inclination towards vegan diet are some of the factors propelling the growth of the protein alternatives industry. However, the high cost of alternative proteins might hinder the growth of the protein alternative industry.
Key Industry Players in the Global Protein Alternatives Market
The report presents a detailed analysis of the following key players in the global protein alternatives market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Archer Daniels Midland Company
- Cargill Incorporated
- Glanbia PLC
- Ingredion Incorporated
- DuPont de Nemours Inc.
- Kerry Group
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Application, Region |
| Breakup by Source | Plant Protein, Mycoprotein, Algal Protein, Insect Protein |
| Breakup by Application | Food and Beverage, Dietary Supplements, Animal Feed and Pet Food, Personal Care and Cosmetics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Archer Daniels Midland Company, Cargill Incorporated, Glanbia PLC, Ingredion Incorporated, DuPont de Nemours Inc., Kerry Group, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Protein Alternatives Market Analysis
8.1 Key Industry Highlights
8.2 Global Protein Alternatives Historical Market (2018-2022)
8.3 Global Protein Alternatives Market Forecast (2023-2028)
8.4 Global Protein Alternatives Market by Source
8.4.1 Plant Protein
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Soy Protein
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Wheat Protein
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Pea Protein
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.1.4.4 Others
8.4.2 Mycoprotein
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Algal Protein
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Insect Protein
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Protein Alternatives Market by Application
8.5.1 Food and Beverage
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dietary Supplements
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Animal Feed and Pet Food
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Personal Care and Cosmetics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Protein Alternatives Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Protein Alternatives Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Protein Alternatives Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Protein Alternatives Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Protein Alternatives Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Protein Alternatives Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Archer Daniels Midland Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cargill Incorporated
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Glanbia PLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ingredion Incorporated
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 DuPont de Nemours Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kerry Group
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Protein Alternatives Market: Key Industry Highlights, 2018 and 2028
2. Global Protein Alternatives Historical Market: Breakup by Source (USD Million), 2018-2022
3. Global Protein Alternatives Market Forecast: Breakup by Source (USD Million), 2023-2028
4. Global Protein Alternatives Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Protein Alternatives Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Protein Alternatives Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Protein Alternatives Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Protein Alternatives Market Structure
Key Questions Answered in the Report
The global protein alternatives market is projected to grow at a CAGR of 6.8% between 2021 and 2026.
The major industry drivers include rising population, growing urbanisation, rising awareness about the importance of health and sustainability, and the increased availability of products.
Rising awareness about the benefits of plant-based protein over animal-based protein is a key industry trend that has supported the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Plant protein, mycoprotein, algal protein, and insect protein are the major sources of protein alternatives in the industry. Plant protein is further divided into soy protein, wheat protein, and pea protein, among others.
The significant applications of protein alternatives in the market are food and beverage, dietary supplements, animal feed and pet food, and personal care and cosmetics, among others.
The major players in the industry are Archer Daniels Midland Company, Cargill Incorporated, Glanbia PLC, Ingredion Incorporated, DuPont de Nemours Inc., and Kerry Group, among others.
Analyst Review
The global protein alternatives market is driven by the shift of consumer preference from animal-based protein to plant-based protein. Aided by the growing awareness about health, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 6.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on source, the protein alternatives industry can be segmented into plant protein, mycoprotein, algal protein and insect protein, among others. On the basis of its applications, the market can be segmented into food and beverage, dietary supplements, animal feed and pet food, and personal care and cosmetics, among others. The major regional markets for protein alternatives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company, Cargill Incorporated, Glanbia PLC, Ingredion Incorporated, DuPont de Nemours Inc. and Kerry Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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