The Alternative Proteins Market Size is valued at 15.03 Billion in 2022 and is predicted to reach 38.02 Billion by the year 2031 at an 11.06 % CAGR during the forecast period for 2023-2031.
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.
Market Segmentation
The Global Alternative Proteins market is segmented on the basis of product, area type, and region. Based on the product, the market is divided into Pea Protein, Soy Protein, Cultured Meat, Mycoprotein, Insect Protein, Whey Protein, Alternative Dairy and Others. On the basis of application, the market is divided into Foods and Beverage, Animal Feed, Nutrition and Health Supplements and Others (Pharmaceuticals, etc). Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that Europe held the largest share of the market, followed by America and Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of forecast period.
Competitive Landscape
Some Of The Key Players In The Alternative Proteins Market:
- AlgaeCan Biotech Ltd.,
- Algatechologies Ltd.,
- Archer Daniels Midland Company,
- Armstrong Cricket Farm Georgia,
- Aspire Food Group,
- AXIOM Foods Inc.,
- BENEO GmbH,
- BlueBioTech Int. GmbH,
- Burcon NutraScience Corporation,
- Cargill Incorporated,
- Cellana Inc.,
- Cellular Revolution,
- Clear, Meat, CHS Inc.,
- Coalo Vally Farms,
- Corbion NV,
- DIC Corporation,
- I. Dupont de Nemours and Company,
- I.D. – Parry,
- Enterra Feed Corporation,
- EntoCube,
- Entofood,
- Sdn Bhd.,
- Entomo Farms,
- EnviroFlight LCC.,
- Farbest Brands,
- Glanbia Plc,
- Global Bugs,
- Asia Co. Ltd.,
- Ingredion Inc,
- Aleph Farms Ltd. ,
- Finless Foods Inc. ,
- Avant Meats,
- Company Limited ,
- Balletic Foods,
- BlueNalu, Inc.,
- Beyond Meat,
- Impossible Food Inc.,
- Maple Leaf Foods,
- The Vegetarian Butcher,
- MycoTechnology Inc.,
- Now foods,
- Parabel Inc.,
- Plantible Foods Inc.,
- Pond Technologies Inc.,
- Proti-Farm Holding NV,
- Protix,
- Rocky Mountain Micro Ranch,
- Roquette Frères Le Romain,
- Sotexpro,
- Sun Chlorella Corporation,
- Taiwan Chlorella Manufacturing Company,
- Tate & Lyle Plc,
- Tianjin Norland Biotech Co. Ltd,
- Tiny Farms, Ynsect,
- Novel Farms, Inc.,
- Fork & Goode,
- New Age Meats,
- ORF Genetics,
- Lab Farm Foods,
- Mosa Meat,
- Memphis Meats,
- Peace of Meat,
- Wild Earth,
- Turtle Tree Labs,
- Integriculture Inc,
- Shiok Meats Pte. Ltd.,
- Supermeat ,
- Just, Inc.,
- Gardein Protein International (Pinnacle Foods),
- Morningstar Farms,
- Quorn Foods,
- Amy’s Kitchen,
- Tofurky,
- Gold&Green Foods Ltd.,
- Sunfed,
- VBites Foods Limited,
- Biotech Foods SL,
- Future Meat Technologies Ltd.,
- Appleton Meats,
- Higher Steaks,
- The Better Meat Co.,
- Biofood Systems LTD.,
- Lightlife Foods,
- Field Roast,
- Naturli´ Foods A/S,
- Schouten,
- Sweet Earth Foods
The Alternative Proteins Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 15.03 Billion |
|
Revenue Forecast In 2031 |
USD 38.02 Billion |
|
Growth Rate CAGR |
CAGR of 11.06 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product, By Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
AlgaeCan Biotech Ltd., Algatechologies Ltd., Archer Daniels Midland Company, Armstrong Cricket Farm Georgia, Aspire Food Group, AXIOM Foods Inc., BENEO GmbH, BlueBioTech Int. GmbH, Burcon NutraScience Corporation, Cargill Incorporated, Cellana Inc., Cellular Revolution, Clear, Meat, CHS Inc., Coalo Vally Farms, Corbion NV, DIC Corporation, E.I. Dupont de Nemours and Company, E.I.D. – Parry, Enterra Feed Corporation, EntoCube, Entofood, Sdn Bhd., Entomo Farms, EnviroFlight LCC., Farbest Brands, Glanbia Plc, Global Bugs, Asia Co. Ltd., Ingredion Inc, Aleph Farms Ltd. , Finless Foods Inc. , Avant Meats, Company Limited , Balletic Foods, BlueNalu, Inc., Beyond Meat, Impossible Food Inc., Maple Leaf Foods, The Vegetarian Butcher, MycoTechnology Inc., Now foods, Parabel Inc., Plantible Foods Inc., Pond Technologies Inc., Proti-Farm Holding NV, Protix, Rocky Mountain Micro Ranch, and Others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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