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Alternative Protein Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018-2022 and Forecast 2023-2029

Alternative Protein Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018-2022 and Forecast 2023-2029

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Alternative Protein Market: By Source (Plant-based (Soy Protein Isolates, Soy Protein Concentrates, Fermented Soy Protein, Duckweed Protein, Wheat Protein, Pea Protein and Others), Insect- Based, Microbial Based ( Bacteria, Yeast, Algae, Fungi and Others), and Others) By Application ( Food & beverage (Meat analogs, Bakery, Dairy alternatives, Cereals & Snacks, Beverages and Others) Animal Feed ( Poultry( Broiler, Layer and Turkey) Swine (Starter, Grower and Sow) Cattle ( Dairy and Calf) Aquaculture ( Salmon, Trout’s, Shrimps and Carp), Pet food, Equine and Others) and By Geographical Location ( North America, Europe, Asia-Pacific, South-America, MEA)

 

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Report

Description

Alternative Protein Market size was valued at USD 58.1 million in 2022 and is expected to grow at a   15.1% CAGR from 2023-29. Alternative Protein are proteins produced from plants or animal cells, or through the way of fermentation. In addition, proteins sourced from plants, insects and microbials are used for replacing the animal-based proteins. Focused health diet, behavioral considerations, and minimal intake of protein calories to stay healthy are considered as the most important factors by the fueling the market growth. Also, due to consumers consciousness on their health and fitness well being provides an important opportunity for the global alternative protein market. Further, the growing importance for fitness where the diet places the main role, in which it is creating a major consumption of plant based products rather than the animal based products. As part of the plant-based products which provide more proteins and less calories compared to the animal-based proteins, which is creating a major demand for sale of the plant-based products. Plant-based protein sources, which include soy protein and other products, are widely used in burger patties, minces, and sausages which are owing to the acceptable quality attributes of meat analogs in terms of taste. Further, the growing awareness among consumers regarding the harmful health effects of meat & meat products is driving the demand for meat analogs, which is expected to positively influence the alternative protein market. In addition, increasing demand for alternative protein sources for animal feed has been observed due to greater impact on reducing the overall cost of feed which is also expected to drive the global alternative protein market share. Alternative protein is becoming an optimal source for animal feed application, hence further containing high composition of amino acids and vitamins of plant-based proteins. For instance, the drastic shift towards vegan diet plans is also held to fuel the market growth. Most importantly the outburst of COVID pandemic and other novel viruses had impacted the change in consumers food behavior, where the higher priority for the natural based products has increased drastically within the 2-3 years of time, hence resulting in positive effect on the growth of the global alternative protein market.

Critical Developments in Global Alternative Protein Market

In October 2022, Calysseo and Adisseo announced unveiling the “world’s first” industrial-scale facility for feedkind, a protein ingredient that does not require animal or plant matter, prepared through fermentation process.

In May 2022, AMD announced its collaboration with Eat Just to advance the alternative proteins outlook.

Alternative Protein Market

MARKET SUMMARY
-
15.1%
  • Study Period– 2023 – 2029
  • Base Year– 2022
  • CAGR–  15.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market–  North America

Alternative Protein Market

  • The global alternative protein market report gives comprehensive outlook on bovine respiratory disease treatment across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The alternative protein market report gives historical, current, and future market sizes (US$ Mn) on the basis of source, application, and geography.
Key Players
  • Dupont Danisco
  • Kerry Group
  • Axiom Foods
  • Innovafeed
  • Hamlet Protein
Alternative Protein Market Dynamics

The global alternative protein market is driven by the increasing customers preferences for the vegan diet, which is helping customers to maintain a healthy and well-balanced food, as the consumers are focusing to have proper diet and maintain their health by consuming proper rich in proteins food. So, the alternative proteins have more protein and less protein calories in it, ultimately which attracts the customers to choose the high protein-containing food. For instance, the growing consumer standard of living and investing in high protein foods, is another factor fueling the growth of the market. In addition, as the alternative protein manufacturers are also focusing on new product innovation and sustainability, which is progressing in the production of new cleaner and nutritious protein, further, it is attributing in increasing sales, which is positively affecting in the growth of the market size. Few factors which are restraining the growth of the market are the allergies which are confronting with different alternative proteins such as plant and insect-based namely, due to which people having health concerns are been affected, and moreover due to few strict regulations amendments, only few plant based products are used for the manufacturing products. Apart from these there is a high scope of growth for the global alternative protein market in the upcoming forecast period.

North-America Got Significant Share

Alternative Protein Market

North America is expected to hold the highest share in the global alternative protein market, due to growing opportunities for nutritious ingredients, besides the increasing consumer attention toward protecting their own healthcare, consumers in American region are prioritizing about the ingredients used in food products, particularly considering sustainability and health impacts, due to increased focus on sustainability and healthy diets. Along with the increasing demand for protein food products with improving demand for healthy food ingredients, has led manufacturers to prepare proteins from alternative sources which can also be cost-effective in production. Further, the Asia pacific region is anticipated to record a significant growth rate during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Alternative Protein Market Segmentation

segmentation-block-image

Source Type

    • Plant-Based
      • Soy Protein Isolates
      • Soy Protein Concentrates
      • Fermented Soy Protein
      • Duckweed Protein
      • Others
    • Insect-Based
    • Microbial Based
      • Bacteria
      • Yeast
      • Algae
      • Fungi
      • Others
    • Others
segmentation-block-image

Distribution Channel

    • Food & Beverages
    • Animal Feed
    • Pet Food
    •  Equine
    • Others
segmentation-block-image

By Geography

    • North America
    • Europe
    • Asia-Pacific
    • South America
    • MEA
Location

GEOGRAPHY

Frequently Asked Questions

Depending on the product the alternative protein can stimulate the taste and texture of conventional meet, to protect animal safety.

The microbial segment is expected to grow at a significant rate in global alternative protein market.

The growing consumer awareness in regards of health and diet, for the safety of the wildlife animals.

North American region is expected to record a highest share in the global alternative protein market.

Report

Table Of Content

1. Executive Summary
2. Global Alternative Protein Market Introduction
2.1. Global Alternative Protein Market – Taxonomy
2.2. Global Alternative Protein Market –Definitions
2.2.1. By Source
2.2.2. By Application
2.2.3. By Geography
3. Global Alternative Protein Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Alternative Protein Market Dynamic Factors – Impact Analysis
3.6. Global Alternative Protein Market – Competition Landscape
4. Global Alternative Protein Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029
4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Alternative Protein Market, By Source, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Plant-Based
5.1.1. Soy Protein Isolates
5.1.1.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Soy Protein Concentrates
5.1.2.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Fermented Soy Protein
5.1.3.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Duckweed Protein
5.1.4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Others
5.1.5.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.2. Insect-Based
5.2.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Microbial Based
5.3.1. Bacteria
5.3.1.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.1.3. Market Opportunity Analysis
5.3.2. Yeast
5.3.2.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.2.3. Market Opportunity Analysis
5.3.3. Algae
5.3.3.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3.3. Market Opportunity Analysis
5.3.4. Fungi
5.3.4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.3.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.4.3. Market Opportunity Analysis
5.3.5. Others
5.3.5.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.3.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.5.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Alternative Protein Market Forecast, By Application,2018–2022 and Forecast, 2023–2029 (Revenue, USD Mn)
6.1. Food & Beverages
6.1.1. Meat Analogs
6.1.1.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.1.3. Market Opportunity Analysis
6.1.2. Bakery
6.1.2.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.2.3. Market Opportunity Analysis
6.1.3. Dairy Alternatives
6.1.3.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3.3. Market Opportunity Analysis
6.1.4. Cereals & Snacks
6.1.4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.4.3. Market Opportunity Analysis
6.1.5. Beverages
6.1.5.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.5.3. Market Opportunity Analysis
6.1.6. Others
6.1.6.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.6.3. Market Opportunity Analysis
6.2. Animal Feed
6.2.1. Poultry
6.2.1.1. Broiler
6.2.1.1.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.1.1.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.1.1.3.   Market Opportunity Analysis
6.2.1.2. Layer
6.2.1.2.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.1.2.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.1.2.3.   Market Opportunity Analysis
6.2.1.3. Turkey
6.2.1.3.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.1.3.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.1.3.3.   Market Opportunity Analysis
6.2.2. Swine
6.2.2.1. Starter
6.2.2.1.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.2.1.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.2.1.3.   Market Opportunity Analysis
6.2.2.2. Grower
6.2.2.2.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.2.2.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.2.2.3.   Market Opportunity Analysis
6.2.2.3. Sow
6.2.2.3.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.2.3.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.2.3.3.   Market Opportunity Analysis
6.2.3. Cattle
6.2.3.1. Dairy
6.2.3.1.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.3.1.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3.1.3.   Market Opportunity Analysis
6.2.3.2. Calf
6.2.3.2.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.3.2.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3.2.3.   Market Opportunity Analysis
6.2.4. Aquaculture
6.2.4.1. Salmon
6.2.4.1.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.4.1.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.1.3.   Market Opportunity Analysis
6.2.4.2. Trout’s
6.2.4.2.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.4.2.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.2.3.   Market Opportunity Analysis
6.2.4.3. Shrimp’s
6.2.4.3.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.4.3.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.3.3.   Market Opportunity Analysis
6.2.4.4. carp
6.2.4.4.1.   Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.2.4.4.2.   Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.4.3.   Market Opportunity Analysis
6.3. Pet Food
6.3.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Equine
6.4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Alternative Protein Market Forecast, By Geography, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Alternative Protein Market – Opportunity Analysis Index, By Source, Application, and Region, 2023 – 2029
8. North America Alternative Protein Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
8.1. Source Analysis 2017–2021and Forecast 2023 – 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Plant-Based
8.1.1.1. Soy Protein Isolates
8.1.1.2. Soy Protein Concentrates
8.1.1.3. Fermented Soy Protein
8.1.1.4. Duckweed Protein
8.1.1.5. Others
8.1.2. Insect-Based
8.1.3. Microbial Based
8.1.3.1. Bacteria
8.1.3.2. Yeast
8.1.3.3. Algae
8.1.3.4. Fungi
8.1.3.5. Others
8.1.4. Others
8.2. Application Analysis 2018 – 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Food & Beverages
8.2.1.1. Meat Analogs
8.2.1.2. Bakery
8.2.1.3. Dairy Alternatives
8.2.1.4. Cereals & Snacks
8.2.1.5. Beverages
8.2.1.6. Others
8.2.2. Animal Feed
8.2.2.1. Poultry
8.2.2.1.1.     Broiler
8.2.2.1.2.     Layer
8.2.2.1.3.     Turkey
8.2.2.2. Swine
8.2.2.2.1.     Starter
8.2.2.2.2.     Grower
8.2.2.2.3.     Sow
8.2.2.3. Cattle
8.2.2.3.1.     Dairy
8.2.2.3.2.     Calf
8.2.2.4. Aquaculture
8.2.2.4.1.     Dairy Salmon
8.2.2.4.2.     Trout’s
8.2.2.4.3.     Shrimps
8.2.2.4.4.     Carp
8.2.3. Pet Food
8.2.4. Equine
8.2.5. Others
8.3. Country Analysis 2018 – 2022 and Forecast 2023 – 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Alternative Protein Market – Opportunity Analysis Index, By Source, Application, and Country, 2023 – 2029
8.5. North America Alternative Protein Market Dynamics – Trends
9. Europe Alternative Protein Market Analysis, 2019–2022 and Forecast, 2023–2029 (Revenue, USD Mn)
9.1. Source Analysis 2017–2021and Forecast 2023 – 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Plant-Based
9.1.1.1. Soy Protein Isolates
9.1.1.2. Soy Protein Concentrates
9.1.1.3. Fermented Soy Protein
9.1.1.4. Duckweed Protein
9.1.1.5. Others
9.1.2. Insect-Based
9.1.3. Microbial Based
9.1.3.1. Bacteria
9.1.3.2. Yeast
9.1.3.3. Algae
9.1.3.4. Fungi
9.1.3.5. Others
9.1.4. Others
9.2. Application Analysis 2018 – 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Food & Beverages
9.2.1.1. Meat Analogs
9.2.1.2. Bakery
9.2.1.3. Dairy Alternatives
9.2.1.4. Cereals & Snacks
9.2.1.5. Beverages
9.2.1.6. Others
9.2.2. Animal Feed
9.2.2.1. Poultry
9.2.2.1.1.     Broiler
9.2.2.1.2.     Layer
9.2.2.1.3.     Turkey
9.2.2.2. Swine
9.2.2.2.1.     Starter
9.2.2.2.2.     Grower
9.2.2.2.3.     Sow
9.2.2.3. Cattle
9.2.2.3.1.     Dairy
9.2.2.3.2.     Calf
9.2.2.4. Aquaculture
9.2.2.4.1.     Dairy Salmon
9.2.2.4.2.     Trout’s
9.2.2.4.3.     Shrimps
9.2.2.4.4.     Carp
9.2.3. Pet Food
9.2.4. Equine
9.2.5. Others
9.3. Country Analysis 2018–2022 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Rest of Europe
9.4. Europe Alternative Protein Market – Opportunity Analysis Index, By Source, Application, and Country, 2023 – 2029
9.5. Europe Alternative Protein Market Dynamics – Trends
10. Asia-Pacific Alternative Protein Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
10.1. Source Analysis 2017–2021and Forecast 2023 – 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Plant-Based
10.1.1.1. Soy Protein Isolates
10.1.1.2. Soy Protein Concentrates
10.1.1.3. Fermented Soy Protein
10.1.1.4. Duckweed Protein
10.1.1.5. Others
10.1.2. Insect-Based
10.1.3. Microbial Based
10.1.3.1. Bacteria
10.1.3.2. Yeast
10.1.3.3. Algae
10.1.3.4. Fungi
10.1.3.5. Others
10.1.4. Others
10.2. Application Analysis 2018 – 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Food & Beverages
10.2.1.1. Meat Analogs
10.2.1.2. Bakery
10.2.1.3. Dairy Alternatives
10.2.1.4. Cereals & Snacks
10.2.1.5. Beverages
10.2.1.6. Others
10.2.2. Animal Feed
10.2.2.1. Poultry
10.2.2.1.1.  Broiler
10.2.2.1.2.  Layer
10.2.2.1.3.  Turkey
10.2.2.2. Swine
10.2.2.2.1.  Starter
10.2.2.2.2.  Grower
10.2.2.2.3.  Sow
10.2.2.3. Cattle
10.2.2.3.1.  Dairy
10.2.2.3.2.  Calf
10.2.2.4. Aquaculture
10.2.2.4.1.  Dairy Salmon
10.2.2.4.2.  Trout’s
10.2.2.4.3.  Shrimps
10.2.2.4.4.  Carp
10.2.3. Pet Food
10.2.4. Equine
10.2.5. Others
10.3. Country Analysis2017–2021and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Alternative Protein Market – Opportunity Analysis Index, By Source, Application, and Country,2023 – 2029
10.5. Asia-Pacific Alternative Protein Market Dynamics – Trends
11. Latin America Alternative Protein Market Analysis, 2018 – 2022 and Forecast, 2023–2029 (Revenue, USD Mn)
11.1. Source Analysis 2017–2021and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Plant-Based
11.1.1.1. Soy Protein Isolates
11.1.1.2. Soy Protein Concentrates
11.1.1.3. Fermented Soy Protein
11.1.1.4. Duckweed Protein
11.1.1.5. Others
11.1.2. Insect-Based
11.1.3. Microbial Based
11.1.3.1. Bacteria
11.1.3.2. Yeast
11.1.3.3. Algae
11.1.3.4. Fungi
11.1.3.5. Others
11.1.4. Others
11.2. Application Analysis 2018 – 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Food & Beverages
11.2.1.1. Meat Analogs
11.2.1.2. Bakery
11.2.1.3. Dairy Alternatives
11.2.1.4. Cereals & Snacks
11.2.1.5. Beverages
11.2.1.6. Others
11.2.2. Animal Feed
11.2.2.1. Poultry
11.2.2.1.1.  Broiler
11.2.2.1.2.  Layer
11.2.2.1.3.  Turkey
11.2.2.2. Swine
11.2.2.2.1.  Starter
11.2.2.2.2.  Grower
11.2.2.2.3.  Sow
11.2.2.3. Cattle
11.2.2.3.1.  Dairy
11.2.2.3.2.  Calf
11.2.2.4. Aquaculture
11.2.2.4.1.  Dairy Salmon
11.2.2.4.2.  Trout’s
11.2.2.4.3.  Shrimps
11.2.2.4.4.  Carp
11.2.3. Pet Food
11.2.4. Equine
11.2.5. Others
11.3. Country Analysis 2017–2021and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Alternative Protein Market – Opportunity Analysis Index, By Source, Application, and Country, 2023 – 2029
11.5. Latin America Alternative Protein Market Dynamics – Trends
12. Middle East and Africa Alternative Protein Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn)
12.1. Source Analysis 2017–2021and Forecast 2023 – 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Plant-Based
12.1.1.1. Soy Protein Isolates
12.1.1.2. Soy Protein Concentrates
12.1.1.3. Fermented Soy Protein
12.1.1.4. Duckweed Protein
12.1.1.5. Others
12.1.2. Insect-Based
12.1.3. Microbial Based
12.1.3.1. Bacteria
12.1.3.2. Yeast
12.1.3.3. Algae
12.1.3.4. Fungi
12.1.3.5. Others
12.1.4. Others
12.2. Application Analysis 2018 – 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Food & Beverages
12.2.1.1. Meat Analogs
12.2.1.2. Bakery
12.2.1.3. Dairy Alternatives
12.2.1.4. Cereals & Snacks
12.2.1.5. Beverages
12.2.1.6. Others
12.2.2. Animal Feed
12.2.2.1. Poultry
12.2.2.1.1.  Broiler
12.2.2.1.2.  Layer
12.2.2.1.3.  Turkey
12.2.2.2. Swine
12.2.2.2.1.  Starter
12.2.2.2.2.  Grower
12.2.2.2.3.  Sow
12.2.2.3. Cattle
12.2.2.3.1.  Dairy
12.2.2.3.2.  Calf
12.2.2.4. Aquaculture
12.2.2.4.1.  Dairy Salmon
12.2.2.4.2.  Trout’s
12.2.2.4.3.  Shrimps
12.2.2.4.4.  Carp
12.2.3. Pet Food
12.2.4. Equine
12.2.5. Others
12.3. Country Analysis 2018 – 2022 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Alternative Protein Market – Opportunity Analysis Index, By Source, Application, and Country, 2023 – 2029
12.5. MEA Alternative Protein Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Source& Service Weight, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Cargill Incorporated
13.2.2. Archer Daniels Midland
13.2.3. Dupont Danisco
13.2.4. Kerry Group
13.2.5. DSM
13.2.6. Axiom Foods
13.2.7. Ingredion Incorporated
13.2.8. Innovafeed
13.2.9. Hamlet Protein
13.2.10. AB Mauri
13.2.11. Calysta Inc
13.2.12. Angel Yeast
14. Research Methodology
15. Key Assumptions and Acronyms
Report

Company Profile

  • Cargill Incorporated
  • Archer Daniels Midland
  • Dupont Danisco
  • Kerry Group
  • DSM
  • Axiom Foods
  • Ingredion Incorporated
  • Innovafeed
  • Hamlet Protein
  • AB Mauri
  • Calysta Inc
  • Angel Yeast

Description

Alternative Protein Market size was valued at USD 58.1 million in 2022 and is expected to grow at a   15.1% CAGR from 2023-29. Alternative Protein are proteins produced from plants or animal cells, or through the way of fermentation. In addition, proteins sourced from plants, insects and microbials are used for replacing the animal-based proteins. Focused health diet, behavioral considerations, and minimal intake of protein calories to stay healthy are considered as the most important factors by the fueling the market growth. Also, due to consumers consciousness on their health and fitness well being provides an important opportunity for the global alternative protein market. Further, the growing importance for fitness where the diet places the main role, in which it is creating a major consumption of plant based products rather than the animal based products. As part of the plant-based products which provide more proteins and less calories compared to the animal-based proteins, which is creating a major demand for sale of the plant-based products. Plant-based protein sources, which include soy protein and other products, are widely used in burger patties, minces, and sausages which are owing to the acceptable quality attributes of meat analogs in terms of taste. Further, the growing awareness among consumers regarding the harmful health effects of meat & meat products is driving the demand for meat analogs, which is expected to positively influence the alternative protein market. In addition, increasing demand for alternative protein sources for animal feed has been observed due to greater impact on reducing the overall cost of feed which is also expected to drive the global alternative protein market share. Alternative protein is becoming an optimal source for animal feed application, hence further containing high composition of amino acids and vitamins of plant-based proteins. For instance, the drastic shift towards vegan diet plans is also held to fuel the market growth. Most importantly the outburst of COVID pandemic and other novel viruses had impacted the change in consumers food behavior, where the higher priority for the natural based products has increased drastically within the 2-3 years of time, hence resulting in positive effect on the growth of the global alternative protein market.

Critical Developments in Global Alternative Protein Market

In October 2022, Calysseo and Adisseo announced unveiling the “world’s first” industrial-scale facility for feedkind, a protein ingredient that does not require animal or plant matter, prepared through fermentation process.

In May 2022, AMD announced its collaboration with Eat Just to advance the alternative proteins outlook.

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