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United States Alternative Proteins Market Share, Trends: By Source: Plant Based, Fermentation, Cellular Agriculture, Others; By Ingredient: Bulk Ingredients, Specialty Ingredients; By End Use: Food and Beverage, Others; By Distribution Channel: B2B, B2C, Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
United States Alternative Proteins Market Outlook
The United States market size for alternative proteins reached a value of more than 2.04 MMT in 2021. The United States alternative proteins market is expected to grow at a CAGR of 17.4% between 2023 and 2028, reaching a projected value of 5.33 MMT by 2027.
Key Trends in the Market
Alternative protein sources are immensely versatile and can include anything from algae to re-engineered plant-based legumes as well as a range of meat substitutes. Some common examples include lab-grown meat, plant-based meat, single-cell proteins from yeast or algae, and edible insects.
- The sales in the alternative proteins market are likely to propel on account of the surging number of venture investments in alternative protein companies.
- The growing food industry is expected to fuel the growth of the United States alternative proteins market. The increasing demand for protein has resulted in the food industry developing numerous innovations in categories like alternative proteins, which still has scope for further improvement in terms of nutritional content.
- The market opportunities are likely to enhance over the upcoming years owing to the advantage of alternative proteins like lower carbon emissions. Other advantages include fewer concerns about intensive animal farming and its ethical and environmental consequences, while still getting tasty, nutritious, as well as healthy food.
- The environmental sustainability and the high nutritional value of edible insects are aiding the growth of the United States alternative proteins market.
- The surging research and development of innovative products coupled with the growing inclination toward veganism offer substantial market prospects for the growth of alternative proteins.
Market Analysis
Based on source, the 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. Based on the application, it can be segmented into B2B and B2C.
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 United States alternative proteins market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Greenleaf Foods SPC
- Archer Daniels Midland Company
- Darling Ingredients
- Cargill Incorporated
- Kerry Group
- Calysta
- Others
Market Share by Source
The growing number of plant-based product launches coupled with the large presence of plant protein producers are expected to boost the plant based segment growth in the United States alternative proteins market over the coming years. Going further, the increasing demand from food and beverage producers and the rise in the vegan population is anticipated to bolster the plant based segment growth over the forecast period. Growing veganism 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 End-Use
The food and beverage segment is expected to witness substantial growth in the United States alternative proteins market on account of the increase in food producers coupled with the growing food processing industry. The United States is the second largest manufacturer of soybean which is further leading to a substantial increase in its usage as a subsidiary source of protein.
Competitive Landscape
- 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 roasts. It is involved in changing plant-based protein with a huge range of delightful as well as advanced products that appeal to customers interested in adding protein range to their diets.
- Archer Daniels Midland Company is one of the world’s largest nutrition companies. The company is leading both human and animal nutrition. It transforms crops into quality ingredients as well as solutions for foods, beverages, and supplements, supplying people worldwide. It also offers a complete variety of solutions and services for livestock, aquaculture, and pets.
Other market players include Darling Ingredients, Cargill Incorporated, Kerry Group, and Calysta, among others.
Key Highlights of the Report
| 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:
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| Breakup by Source |
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| Breakup by Ingredient |
|
| Breakup by End Use |
|
| 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
7 Opportunities and Challenges in the Market
8 North America Alternative Proteins Market Overview
8.1 Key Industry Highlights
8.2 North America Alternative Proteins Historical Market (2018-2022)
8.3 North America Alternative Proteins Market Forecast (2023-2028)
8.4 North America Alternative Proteins Market by Country
8.4.1 Market Share
8.4.1.1 United States
8.4.1.2 Canada
9 United States Alternative Proteins Market Analysis
9.1 Key Industry Highlights
9.2 United States Alternative Proteins Historical Market (2018-2022)
9.3 United States Alternative Proteins Market Forecast (2023-2028)
9.4 United States Alternative Proteins Market by Source
9.4.1 Plant Based
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Fermentation
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Cellular Agriculture
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Others
9.5 United States Alternative Proteins Market by Ingredient
9.5.1 Bulk Ingredients
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Specialty Ingredients
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.6 United States Alternative Proteins Market by End Use
9.6.1 Food and Beverage
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Aquaculture
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Animal Feed
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Others
9.7 United States Alternative Proteins Market by Distribution Channel
9.7.1 B2B
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 B2C
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Greenleaf Foods SPC
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Archer Daniels Midland Company
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Darling Ingredients
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Cargill Incorporated
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Kerry Group
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Calysta
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Alternative Protein Market: Key Industry Highlights, 2018 and 2028
2. United States Alternative Protein Market: Key Industry Highlights, 2018 and 2028
3. United States Alternative Protein Historical Market: Breakup by Source (MMT), 2018-2022
4. United States Alternative Protein Market Forecast: Breakup by Source (MMT), 2023-2028
5. United States Alternative Protein Historical Market: Breakup by Ingredient MMT), 2018-2022
6. United States Alternative Protein Market Forecast: Breakup by Ingredient (MMT), 2023-2028
7. United States Alternative Protein Historical Market: Breakup by End Use (MMT), 2018-2022
8. United States Alternative Protein Market Forecast: Breakup by End Use (MMT), 2023-2028
9. United States Alternative Protein Historical Market: Breakup by Distribution Channel (MMT), 2018-2022
10. United States Alternative Protein Market Forecast: Breakup by Distribution Channel (MMT), 2023-2028
11. United States Alternative Protein Market Structure
Key Questions Answered in the Report
In 2021, the United States alternative proteins market attained a value of nearly 2.04 MMT.
The market is assessed to grow at a CAGR of 17.4% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost 5.33 MMT by 2027.
The major market driver is the growing urbanization 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 the growing trend of veganism.
The various sources of the alternative proteins market include plant based, fermentation, and cellular agriculture, among others.
The different ingredients of the alternative proteins market 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 the alternative proteins market include B2B and B2C.
The major players in the market are Greenleaf Foods SPC, Archer Daniels Midland Company, Darling Ingredients, Cargill Incorporated, Kerry Group, and Calysta, among others.
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