[192 Pages Report] The Alternative Protein Market size was estimated at USD 6.07 billion in 2023 and expected to reach USD 6.53 billion in 2024, at a CAGR 7.92% to reach USD 10.36 billion by 2030.
Alternative protein sources come from plant-based sources such as soy, pea, and hemp, as well as cell-based or lab-grown meat and other products. Alternative protein products have been developed to duplicate traditional animal-based products’ texture, taste, and nutritional profile. Changing consumer attitudes and preferences toward meat-free diets create demand for alternative proteins. The high cost of developing alternative proteins and the effective use of animal-derived products hinder the growth of this market. Growing investments in developing alternative proteins are anticipated to create market growth opportunities.
Regional Insights
Rising awareness of traditional animal agriculture and the need for more sustainable food production practices are factors driving global demand for alternative proteins. The presence of native players and technological advances, including plant-based protein alternatives and cell-culture technology, which have enabled the development of new and innovative products, is expected to benefit the market growth in the Americas. A rapid shift in consumer preferences toward healthier, more nutritious, cost- and convenient food options is driving the market’s growth in APAC and Europe.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Alternative Protein Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Alternative Protein Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Alternative Protein Market, highlighting leading vendors and their innovative profiles. These include Archer-Daniels-Midland Company, Avant Meats, Axiom Foods Inc., Beneo GmbH, Cargill, Incorporated, Cellena Inc., Corbion NV, Cyanotech Corporation, DIC Corporation, E.I.D.-Parry, Far East Bio-Tec Co., Ltd., Farbest-Tallman Foods Corporation, Glanbia PLC, Global Bugs Asia Co., Ltd., Growthwell Foods, Impossible Foods, Ingredion Incorporated, International Flavors & Fragrances, Inc., JR Unique Foods Ltd., Kerry Group PLC, Lesaffre, Lightlife Foods, MycoTechnology Inc., Next-Gen Foods, Now Foods, Plantible Foods, Inc., Pond Technologies Holdings Inc., Protix B.V., Roquette Fr?res, Roquette Kl?tze GmbH & Co. Kg, Shiok Meats, String Bio, Tate & Lyle PLC, Tianjin Norland Biotech Co., Ltd., TurtleTree, and Unibio Group.
Market Segmentation & Coverage
This research report categorizes the Alternative Protein Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Source
- Insect Protein
- Microbial Protein
- Algae
- Bacteria
- Fungi
- Yeast
- Plant Protein
- Duckweed Protein
- Fermented Soy Protein
- Soy Protein Concentrates
- Soy Protein Isolates
- Application
- Animal Feed
- Cattle
- Poultry
- Swine
- Food
- Bakery
- Beverages
- Cereals & Snacks
- Dairy Alternatives
- Meat Analogs
- Nutraceuticals
- Personal Care & Cosmetics
- Animal Feed
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Alternative Protein Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Alternative Protein Market?
- What are the technology trends and regulatory frameworks in the Alternative Protein Market?
- What is the market share of the leading vendors in the Alternative Protein Market?
- Which modes and strategic moves are suitable for entering the Alternative Protein Market?
US $
Euro €
GBP £
