Global Alternative Protein
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Alternative Protein market size was $51.28 Billion in 2022 and it is forecasted to reach $130.47 Billion by 2030. Alternative Protein Industry's Compound Annual Growth Rate will be 19.69% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Alternative Protein market size was $51.28 Billion in 2022 and it is forecasted to reach $130.47 Billion by 2030. Alternative Protein Industry's Compound Annual Growth Rate will be 19.69% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Alternative Protein Market Sales Revenue 2022 | $ 51.28 Billion |
Global Alternative Protein Market Sales Revenue 2030 | $ 130.47 Billion |
Global Alternative Protein Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 19.69% |
Market Split by Source Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Alternative Protein industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Alternative Protein Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Alternative proteins are the broader concept which are produced from plants or animal cells, or even by using fermentation process. The final products are similar in taste to that of conventional animal products in relatively cheaper prices. Alternative proteins consume less inputs, such as land and water, and generates less amount of harmful gas emission. Thus, alternative proteins help us to lead a better way to feed the world.
Change in the consumer behaviour and rise in the awareness regarding alternative-protein sources have made way for growth in the alternative-proteins market. Moreover, demand for protein in developed and developing countries has increased exponentially which is stimulating the growth of alternative protein market.
With increasing urbanization, digitalization and commercialization, the population across the globe has become busier and more stressed. Moreover, increasing number of the working population, especially women population has invited stress and associated illness.
The adoption of a sedentary and unhealthy lifestyle is also boosting the need for physical fitness, and nutrition factors. In such cases, taking control of life becomes more difficult with the busy schedule, hence people try to incorporate little changes in their lifestyle.
According to the study, people in the age group between 25 to 34 appeared to be the most health-conscious. 51% of people stated that they always look for healthy food while shopping, which is a step up from older cohorts as well as younger people of generation Z (18-24 years old). Alternative protein helps in maintaining health and weight regulation which is attributed to stimulate the growth of market.
Consumers have increased the adoption of the plant-based diet owing to various factors, such as improved overall health awareness, weight management, a desire to eat cleanly, and a desire to eat more sustainable food. This high inclination is majorly bolstered by social media awareness.
Major companies are also investing in plant-based food encouraging alternative proteins market. World population is rising and ensuring adequate food supply for all in a sustainable way is the biggest challenge that has been raised. Hence, plant-based protein is one of the significant solutions delivering adequate nutrients to people affected by all forms of malnutrition and the population as a whole.
For instance, companies like Beyond Meat and Impossible Foods have experimented for years to develop convincing meat replacements with plant ingredients like soybean roots and pea protein. Business magnate Bill Gates has also invested in two big plant-based protein start-ups as he believes that plant-based protein is going to be the future of food industry. Thus, rising investment by major players is driving the growth of alternative protein market.
Currently various alternative protein products are fewer ideal substitutes and contains high amount of salt. Further, edible insects used as an alternative protein contains chitin in it. This reduces protein digestibility and can cause uneasiness to consumer.
Moreover, cultivated meat is hard mimic in terms of structure and taste, hence it requires ample amount of labours which increases the cost. All these parameters can hamper the growth of market. However, constant R&D activities and huge investments by major players will help in bringing vital solution to these problems in the coming years.
Most of the consumers are moving towards dairy alternatives for wide array of reasons, including better health or to reduce their impact on the planet. Among dairy alternatives, almond milk is one of the most popular milk alternatives as it is easy to make, cheap to buy, and many find it delicious in taste. Soy milk is also an alternative to dairy milk containing 7 g of protein, 4g of fat, and just 80 calories, meaning it provides almost as much protein as whole milk.
There are several other options, such as milk from hemp, cashew, flax, oat, coconut, etc. which has increased the retail sales of dairy alternatives, especially in the U.S.
We at CMR has also analyzed that most of companies are applying consumer-centric lens. As a result, companies are claiming their positive impact on climate and sustainability. Further, companies rather than putting labels of vegan, they are changing it as “does not contain animal products” to convey the same information without an identity-based label.
Year 2020 appeared to be a good opportunity to make an investment in alternative protein market. The COVID-19 pandemic has had a significant impact on meat supply chains, prices, and production. Globally, this has caused a major socioeconomic catastrophe. Low supply and high demand for meat initially led to panic buying and raised the cost of meat products. Subsequently, because of tightening limitations and a reduction in consumer purchasing power, the meat market experienced a major decline in both demand and supply.
The situation in the meat market was made worse by supply chain disruption as meat producers and processors had trouble harvesting and shipping their products because of lockdowns, a labour shortage, restrictions on the movement of animals within and across the country, and changes in local and international export market laws.
Hence, advent of COVID-19 pandemic has positively impacted the growth of alternative protein market.
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Archer Daniels Midland has invested roughly $300 million to ramp up production of alternative proteins at its Decatur, Illinois, plant. The project is expected to be finished in the first quarter of 2025. The expansion of this facility will increase its soy protein concentrate capacity and nearly double the facility’s extrusion capacity.
April 2022
As consumer-base for plant-based food products is increasing, Cargill has expanded RadiPure pea protein in Middle East, Turkey, Africa (META) & India. The company is doing so because of the growing demand for protein-rich, plant-based foods in this region.
November 2022
Ingredion, Inc. is sharpening its focus on becoming a leader in texturizing, sugar reduction and plant-based proteins. During the quarter, the specialty ingredient supplier faced higher corn and other input costs.
January 2023
Roquette has announced its investment in DAIZ Inc., a Japanese food tech startup that has developed breakthrough technology utilizing germination of plant seeds combined with an extrusion process to enhance texture, flavor and the nutritional profile for plant-based foods. This partnership will allow Roquette and DAIZ to continue realizing their strong growth ambitions and meet rising global demand for innovative and sustainable plant-based ingredients combining great taste and high-quality nutritional value.
November 2021
Roquette has opened world's largest pea protein plant extending its leadership position to meet surging global demand for alternative proteins.
Top Companies Market Share in Alternative Protein Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
The North America alternative protein market dominates the overall market mostly because of the presence of major players in the U.S. Further, people in North America are more inclined towards healthy eating habits, along with consumption of sustainable products. In year 2018, U.S. consumers bought 157 million units of plant-based products which allowed industry to grow exponentially.
APAC shows profitable growth in near future attributing to huge adoption of alternative protein in countries like China, Japan, and India. Population of these countries are adopting healthy lifestyle, urging to use natural ingredients. Further, demand for sustainable food is increasing owing to rising prices of animal-meat products amid COVID-19 pandemic.
The current report Scope analyzes Alternative Protein Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Alternative Protein Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Alternative Protein Industry growth. Alternative Protein market has been segmented with the help of its Source Type, Application , and others. Alternative Protein market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Plant-based proteins segment dominated the market of alternative proteins mainly because of the increasing adoption of consuming more sustainable and healthy food. Moreover, trend for veganism has relatively increased in the last few years across the globe. Hence, consumers seeking healthier, more sustainable lifestyle are increasingly gravitating toward vegan and plant-based diets which is mounting the dominance of plant-based alternative protein in the market.
Among plant-based protein type, soy held highest market share as it is the most commonly used ingredient in making plant-based meat due to high protein content. The ingredient called soy leghaemoglobin which is found in roots of soybean, is used in many plant-based burgers because of its ability to make fake meat “bleed” when cooked. Further, it is rich in non-heme iron which especially provide iron content to vegetarian people who has higher probability of iron deficiency.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Alternative Protein Industry. Request a Free Sample PDF!
This can be attributed to the high awareness regarding the health impact due to consuming meat. People are thus more inclined towards alternative options that can mimic the product in taste and appearance.
Plant-based meats are products that perfectly mimics animal meats in texture as well as taste. Various protein sources, such as tofu, legumes, seitan, lentils, and soybeans are used to make plant-based meats. Moreover, it tends to be lower in saturated fat and calories, with high fibrous value.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Alternative Protein market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Alternative Protein Market is witnessing significant growth in the near future.
In 2023, the Plant-based segment accounted for noticeable share of global Alternative Protein Market and is projected to experience significant growth in the near future.
The Meat Analog segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Archer Daniels Midland Company, Kerry Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Source Type | Plant-based, Insect-based, Microbial-based |
Application | Meat Analog, Bakery, Beverages, Cereals, Dairy Alternatives, Animal Feed, Pet Food, Others |
List of Competitors | Archer Daniels Midland Company, Cargill Incorporated, Kerry Group, Now Foods, Ingredion Incorporated, Roquette Freres, Beyond Food, CHS Inc, Sotexpro, Beneo GmbH, Others |
This chapter will help you gain GLOBAL Market Analysis of Alternative Protein. Further deep in this chapter, you will be able to review Global Alternative Protein Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Alternative Protein Market Trends North America Alternative Protein Technological Road Map North America Alternative Protein Market Drivers North America Alternative Protein Market Restraints North America Alternative Protein Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Source Type Analysis 2019 -2031, will provide market size split by Source Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Source Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Alternative Protein market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Plant-based have a significant impact on Alternative Protein market? |
What are the key factors affecting the Plant-based and Insect-based of Alternative Protein Market? |
What is the CAGR/Growth Rate of Meat Analog during the forecast period? |
By type, which segment accounted for largest share of the global Alternative Protein Market? |
Which region is expected to dominate the global Alternative Protein Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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