The Global Alternative Proteins market size was valued at US$ 13.82 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 10.63% from 2022 to 2030. 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 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.
The key players of this market include 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, 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 and Impossible Foods among others.
