The Global Alternative Proteins Market is estimated to reach a CAGR of 15.6% during the forecast period 2023 - 2030
The global alternative proteins market is experiencing a revolutionary shift as consumers are shifting towards sustainable and plant-based food choices. The rising demand for organic proteins is a major factor driving the global alternative proteins market.
Key players operating in the global alternative proteins market include Koninklijke DSM N.V, Kerry Group, DuPont, Cargill, Incorporated, Ÿnsect, Ingredion Incorporated, Emsland Group, Cosucra Group, and Batory Foods Chapul. These key players are focused on adopting various growth strategies such as acquisitions collaborations, and product launches.
On June 15, 2022, Batory Foods and DouxMatok, a U.S.-Israeli food tech company, entered into a partnership to expand the development of new alternative proteins.
Key Developments in the Global Alternative Proteins Market
In May 2023, Just launched a new line of plant-based eggs. The eggs are made with mung bean protein and are available in the United States.
In April 2023, Impossible Foods launched a new line of plant-based sausages. The sausage is made with heme and is available in the United States.
In February 2023, Cargill acquired Puris, a maker of pea protein. The acquisition was valued at $310 million.
| Report Metrics | Details |
| CAGR | 15.6% |
| Forecast Period | 2023-2030 |
| Data Availability | Value (USD) |
| Segments Covered | By Type, By Source, By Form, By Application, and By Region |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other Key insights. |
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Alternative Proteins Market: Overview
Alternative proteins are a diverse range of protein sources that go beyond traditional animal-derived proteins like meat, dairy, and eggs. These innovative protein sources are gaining popularity due to increasing environmental concerns, health-consciousness, ethical considerations, and advancements in food technology.
Alternative proteins include plant-based proteins, cell-cultured meats, insect-derived proteins, and other novel protein sources.
Alternative Proteins Market: Opportunities
The market offers vast opportunities for product diversification, from plant-based burgers and sausages to cultured seafood and insect-based snacks. R&D investments are continuously unlocking new possibilities for alternative protein formulations.
Alternative Proteins Market: Dynamics
The increasing inclination toward organic proteins is a key driver propelling the growth of the alternative proteins market. As consumers become more health conscious and environmentally aware, there is a growing demand for sustainable and clean-label food options. Organic proteins, whether sourced from plant-based alternatives or produced through innovative technologies like cell-cultured meats, resonate with individuals seeking ethically and responsibly sourced protein options.
However, allergies caused due to the consumption of alternative proteins is expected to hamper the market growth.
Alternative Proteins Market: Geographical Insights
Asia-Pacific is expected to witness the fastest growth in the alternate proteins market over the forecast period.
With a growing population of health-conscious consumers and a focus on sustainable food options, the region is becoming a hotbed for alternative proteins, presenting substantial opportunities for companies to expand their presence and cater to the evolving tastes and preferences of the Asian market.
Table of Contents
| 1 | Report Methodology and Scope |
| 2 | Report Definition and Overview |
| 3 | Executive Summary |
| 4 | Market Dynamics |
| 5 | Industry Factors |
| 6 | COVID-19 Analysis |
| 7 | Alternative Proteins Market Segments and Region |
| 8 | Global Company Share Analysis – 10 Key Companies |
| 9 | Alternative Proteins Market Company and Product Profiles |
| 10 | About DataM |
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