logo image
search icon
Global Alternative Proteins Market

Alternative Proteins Market Size, Share & Trends Analysis Report, By Product (Plant Protein, Microbe-based Protein, Insect Protein), By Application (Food & Beverages, Clinical Nutrition, Animal Feed, Others), By Region, Forecasts, 2024-2031

Report ID : 1085 | Published : 2024-08-06 | Pages: 180 | Format:

The Alternative Proteins Market Size is valued at USD 15.30 billion in 2023 and is predicted to reach USD 37.88 billion by the year 2031 at a 12.14 % CAGR during the forecast period for 2024-2031.

  alternative proteins

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.

Competitive Landscape

Some Of The Key Players In The Alternative Proteins Market:

  • 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
  • Other Market Players

Market Segmentation

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

The Alternative Proteins Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 15.30 Bn

Revenue Forecast In 2031

USD 37.88 Bn

Growth Rate CAGR

CAGR of 11.06 % from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Billion and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

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; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South East Asia; South Korea

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

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.

 

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, 2023 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 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, 2023 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 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, 2024-2031

7.1.2. North America Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

7.1.3. North America Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

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, 2024-2031

7.2.2. Europe Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

7.2.3. Europe Alternative Proteins Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

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, 2024-2031

7.3.2. Asia Pacific Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

7.3.3. Asia Pacific Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

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 2024-2031

7.4.2. Latin America Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Application 2024-2031

7.4.3. Latin America Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Country 2024-2031

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 2024-2031

7.5.2. Middle East & Africa Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Application 2024-2031

7.5.3. Middle East & Africa Alternative Proteins Market revenue (US$ Million) Estimates and Forecasts by Country 2024-2031

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 Segmentation:

Alternative Proteins Market- By Product

  • Plant Protein
    • 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
  • Insect Protein
    • Coleoptera
    • Lepidoptera
    • Hymnoptera
    • Orthoptera
    • Hemiptera
    • Diptera
    • Others

 alternative proteins

Alternative Proteins Market- By Application

  • Food & Beverages
    • 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
  • Others

Global Alternative Proteins Market Revenue (US$ Mn) Based on Region

Europe Alternative Proteins Market Revenue (US$ Mn) by Country

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

North America Alternative Proteins Market Revenue (US$ Mn) by Country

  • U.S.
  • Canada

Asia Pacific Alternative Proteins Market Revenue (US$ Mn) by Country

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Alternative Proteins Market Revenue (US$ Mn) by Country

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Alternative Proteins Market Revenue (US$ Mn) by Country

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Alternative Proteins Market Size?

The Alternative Proteins Market is expected to grow at a 12.14 % CAGR during the forecast period for 2024-2031.

ADM, Cargill Inc., Lightlife Foods, Inc., Impossible Foods Inc., International Flavors & Fragrances, Inc., Ingredion Inc., Kerry Group, Glanbia plc, B

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Food & Beverages

Select Licence Type
$4500
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach