Global Alternative Proteins Market Size is valued at USD 16.9 Bn in 2024 and is predicted to reach USD 53.2 Bn by the year 2034 at a 12.2 % CAGR during the forecast period for 2025-2034.
The Alternative proteins are food-technology or plant-based alternatives protein that replaces the animal protein. Alternative proteins have a similar texture, look and taste to animal-based meat products. Increasing reach of social media, concerns across the transparency in the food industry related to the health, presence of information on food provenance and traceability, sustainability, and animal welfare are among some factors expected to drive the growth of market.
Additionally, increasing global trend of consumer in non-meat-based protein options and rise in awareness of a link between high meat consumption and some non-communicable diseases fueling the growth of market. On the other flip side, high cost of alternative protein expected to restrain the growth of alternative protein market. Region wise, North America dominates the market owing to increased awareness about the benefits of plant-based alternatives, protein-rich diet and consumer interest in foods.
The alternative proteins market is segmented by product and application. Based on product, the market is segmented into plant protein, microbe-based protein, insect protein. Plant Protein is again divided into Cereals (Wheat(Wheat Protein Concentrates, Wheat Protein Isolates, Textured Wheat Protein, Hydrolyzed Wheat Protein, HMEC/HMMA Wheat Protein), Rice (Rice Protein Isolates, Rice Protein Concentrates, Hydrolyzed Rice Protein, Others)), Oats (Oat Protein Concentrates, Oat Protein Isolates, Hydrolyzed Oat Protein, Others), Legumes (Soy (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Hydrolyzed Soy Protein, HMEC/HMMA Soy Protein), Pea (Pea Protein Concentrates, Pea Protein Isolates, Textured Pea Protein, Hydrolyzed Pea Protein, HMEC/HMMA Pea Protein)), Lupine, Chickpea, Others), Roots (Potato (Potato Protein Concentrate, Potato Protein Isolate), Maca, Others)), Ancient Grains (Hemp, Quinoa, Sorghum, Amaranth, Chia, Others), Nuts & Seeds (Canola, Almond, Flaxseeds, Others)), Microbe-based Protein (Algae, Bacteria, Yeast, Fungi), and Insect Protein (Coleoptera, Lepidoptera, Hymnoptera, Orthoptera, Hemiptera, Diptera, Others)
The market is segmented by application into food & beverages, clinical nutrition, animal feed, others. Food & Beverages is again divided into Bakery & Confectionary, Beverages (Non-Dairy Alternatives), Breakfast Cereals, Dairy Alternatives, Beverages, Cheese, Snacks, Others, Dietary Supplements/Weight Management, Meat Alternatives & Extenders (Poultry, Beef, Pork, Others), Snacks (Non-Dairy Alternatives), Sports Nutrition, Infant Formulations), Clinical Nutrition, Animal Feed, and Others
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 16.9 Bn |
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Revenue Forecast In 2034 |
USD 53.2 Bn |
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Growth Rate CAGR |
CAGR of 12.2% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn,and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product, By Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
ADM, Cargill Inc., Lightlife Foods, Inc., Impossible Foods Inc., International Flavors & Fragrances, Inc., Ingredion Inc., Kerry Group, Glanbia plc, Bunge Limited, Axiom Foods Inc., Tate & Lyle PLC, SunOpta Inc., Glanbia plc, AGT Food and Ingredients, Emsland Group |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Alternative Proteins Market Snapshot
Chapter 4. Global Alternative Proteins Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Industry Analysis – Porter’s Five Forces Analysis
4.6. Impact of COVID 19 on Food Industry
4.7. Major Investment, Partnerships and Collaborations in Food Industry
Chapter 5. Market Segmentation 1: Product Estimates & Trend Analysis
5.1. Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Product Type:
5.2.1. Plant Protein
5.2.1.1. Cereals
5.2.1.1.1. Wheat
5.2.1.1.1.1. Wheat Protein Concentrates
5.2.1.1.1.2. Wheat Protein Isolates
5.2.1.1.1.3. Textured Wheat Protein
5.2.1.1.1.4. Hydrolyzed Wheat Protein
5.2.1.1.1.5. HMEC/HMMA Wheat Protein
5.2.1.1.2. Rice
5.2.1.1.2.1. Rice Protein Isolates
5.2.1.1.2.2. Rice Protein Concentrates
5.2.1.1.2.3. Hydrolyzed Rice Protein
5.2.1.1.2.4. Others
5.2.1.2. Oats
5.2.1.2.1. Oat Protein Concentrates
5.2.1.2.2. Oat Protein Isolates
5.2.1.2.3. Hydrolyzed Oat Protein
5.2.1.2.4. Others
5.2.1.3. Legumes
5.2.1.4. Soy
5.2.1.4.1. Soy Protein Concentrates
5.2.1.4.2. Soy Protein Isolates
5.2.1.4.3. Textured Soy Protein
5.2.1.4.4. Hydrolyzed Soy Protein
5.2.1.4.5. HMEC/HMMA Soy Protein
5.2.1.5. Pea
5.2.1.5.1. Pea Protein Concentrates
5.2.1.5.2. Pea Protein Isolates
5.2.1.5.3. Textured Pea Protein
5.2.1.5.4. Hydrolyzed Pea Protein
5.2.1.5.5. HMEC/HMMA Pea Protein
5.2.1.6. Lupine
5.2.1.7. Chickpea
5.2.1.8. Others
5.2.1.9. Roots
5.2.1.9.1. Potato
5.2.1.9.1.1. Potato Protein Concentrate
5.2.1.9.1.2. Potato Protein Isolate
5.2.1.9.2. Maca
5.2.1.9.3. Others
5.2.1.10. Ancient Grains
5.2.1.10.1. Hemp
5.2.1.10.2. Quinoa
5.2.1.10.3. Sorghum
5.2.1.10.4. Amaranth
5.2.1.10.5. Chia
5.2.1.10.6. Others
5.2.1.11. Nuts & Seeds
5.2.1.11.1. Canola
5.2.1.11.2. Almond
5.2.1.11.3. Flaxseeds
5.2.1.11.4. Others
5.2.2. Microbe-based Protein
5.2.2.1. Algae
5.2.2.2. Bacteria
5.2.2.3. Yeast
5.2.2.4. Fungi
5.2.3. Insect Protein
5.2.3.1. Coleoptera
5.2.3.2. Lepidoptera
5.2.3.3. Hymnoptera
5.2.3.4. Orthoptera
5.2.3.5. Hemiptera
5.2.3.6. Diptera
5.2.3.7. Others
Chapter 6. Market Segmentation 2: Application Estimates & Trend Analysis
6.1. Application Type & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Application Type:
6.2.1. Food & Beverages
6.2.1.1. Bakery & Confectionary
6.2.1.2. Beverages (Non-Dairy Alternatives)
6.2.1.3. Breakfast Cereals
6.2.1.4. Dairy Alternatives
6.2.1.5. Beverages
6.2.1.6. Cheese
6.2.1.7. Snacks
6.2.1.8. Others
6.2.1.9. Dietary Supplements/Weight Management
6.2.1.10. Meat Alternatives & Extenders
6.2.1.11. Poultry
6.2.1.12. Beef
6.2.1.13. Pork
6.2.1.14. Others
6.2.1.15. Snacks (Non-Dairy Alternatives)
6.2.1.16. Sports Nutrition
6.2.1.17. Infant Formulations
6.2.2. Clinical Nutrition
6.2.3. Animal Feed
6.2.4. Others
Chapter 7. Alternative Proteins Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.1.2. North America Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.1.3. North America Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.2.2. Europe Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.2.3. Europe Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
7.2.3.1. Germany
7.2.3.2. France
7.2.3.3. Italy
7.2.3.4. Spain
7.2.3.5. UK
7.2.3.6. Romania
7.2.3.7. Netherland
7.2.3.8. Belgium
7.2.3.9. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
7.3.2. Asia Pacific Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.3.3. Asia Pacific Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Product 2021-2034
7.4.2. Latin America Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Application 2021-2034
7.4.3. Latin America Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Country 2021-2034
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. Middle East & Africa
7.5.1. Middle East & Africa Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Product 2021-2034
7.5.2. Middle East & Africa Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Application 2021-2034
7.5.3. Middle East & Africa Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Country 2021-2034
7.5.3.1. GCC Countries
7.5.3.2. Rest of Middle East & Africa
Chapter 8. Competitive Landscape
8.1. Company Profiles
8.1.1. ADM,
8.1.2. Cargill Inc.
8.1.3. Lightlife Foods, Inc.
8.1.4. Impossible Foods Inc.
8.1.5. International Flavors & Fragrances, Inc.
8.1.6. Ingredion Inc.
8.1.7. Kerry Group
8.1.8. Glanbia plc
8.1.9. Bunge Limited
8.1.10. Axiom Foods Inc.
8.1.11. Tate & Lyle PLC
8.1.12. SunOpta Inc.
8.1.13. Glanbia plc
8.1.14. AGT Food and Ingredients
8.1.15. Emsland Group
8.1.16. Other Prominent Players
Alternative Proteins Market- By Product
Alternative Proteins Market- By Application
Global Alternative Proteins Market Revenue (US$ Mn) Based on Region
Europe Alternative Proteins Market Revenue (US$ Mn) by Country
North America Alternative Proteins Market Revenue (US$ Mn) by Country
Asia Pacific Alternative Proteins Market Revenue (US$ Mn) by Country
Latin America Alternative Proteins Market Revenue (US$ Mn) by Country
Middle East & Africa Alternative Proteins Market Revenue (US$ Mn) by Country
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
