Sale

Protein Alternatives Market

Global Protein Alternatives Market Size, Share, Forecast: By Source: Plant Protein, Mycoprotein, Algal Protein, Insect Protein; By Application: Food and Beverage, Dietary Supplements, Animal Feed and Pet Food, Personal Care and Cosmetics, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Protein Alternatives Market Outlook

The global protein alternatives market is expected to grow in the forecast period of 2024-2032 at a CAGR of 6.8%, driven by the rising health consciousness among consumers.

 

Global Protein Alternatives Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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.

 

Global Protein Alternatives Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The major sources of protein alternatives are as follow:

  • Plant Protein
  • 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.

 

Global Protein Alternatives Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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.

 

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:

  • 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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Protein Alternatives Market Forecast (2024-2032)
    8.4    Global Protein Alternatives Market by Source
        8.4.1    Plant Protein
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Soy Protein
                    8.4.1.3.1.1    Historical Trend (2018-2023)
                    8.4.1.3.1.2    Forecast Trend (2024-2032)
                8.4.1.3.2    Wheat Protein
                    8.4.1.3.2.1    Historical Trend (2018-2023)
                    8.4.1.3.2.2    Forecast Trend (2024-2032)
                8.4.1.3.3    Pea Protein
                    8.4.1.3.3.1    Historical Trend (2018-2023)
                    8.4.1.3.3.2    Forecast Trend (2024-2032)
                8.4.1.3.4    Others
        8.4.2    Mycoprotein
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Algal Protein
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Insect Protein
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Protein Alternatives Market by Application
        8.5.1    Food and Beverage
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Dietary Supplements
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Animal Feed and Pet Food
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Personal Care and Cosmetics
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Protein Alternatives Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Protein Alternatives Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Protein Alternatives  Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Protein Alternatives Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Protein Alternatives Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Protein Alternatives Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    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
    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 2032
2.    Global Protein Alternatives Historical Market: Breakup by Source (USD Million), 2018-2023
3.    Global Protein Alternatives Market Forecast: Breakup by Source (USD Million), 2024-2032
4.    Global Protein Alternatives Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Protein Alternatives Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Protein Alternatives Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Protein Alternatives Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Protein Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Protein Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Protein Alternatives Market Structure

Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 6.8% between 2024 and 2032.

The major market drivers are rising population, growing urbanisation, surging awareness about the importance of health and sustainability, and the increasing availability of protein alternatives based on different sources.

The key trends guiding the market demand are the rapid shift to plant-based proteins, innovations in food technology, and the rising inclination towards vegan diet.

The major regions in the market 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.

The significant applications of the products include food and beverage, dietary supplements, animal feed and pet food, and personal care and cosmetics, among others.

The major players in the market 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 2024-2032, 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.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER