Growth Opportunities in Alternative Protein Ingredients for Human Nutrition

Description

A Focus on Sustainable Protein Diversification Will Fuel Growth and Innovation

Alternative protein ingredients are derived from alternative sources such as plants, microbes, and insects or through cell-culture techniques for human nutrition applications. This Frost & Sullivan research service covers the B2B market dynamics of plant protein, microbial protein, and insect protein ingredients for human nutrition applications. The report also covers investment, regulatory, and new product development landscape for other protein ingredients derived from precision fermentation and cell-cultured technologies.

A growing population of vegan, vegetarian, and flexitarian populations will be the key growth drivers, while health and sustainability are the key themes driving consumer choices globally. As consumers' demand for clean-label products expands, the demand for alternative ingredients that can offer the right texture, flavor, and color profile will witness higher traction.

Plant protein ingredients such as soy, wheat, and peas collectively held the largest share of the total alternative protein ingredients market in 2022, driven by plant-based food and beverage categories, including meat and seafood alternatives, dairy alternatives, and functional snack and beverage products. Novel plant sources such as chickpeas, mung beans, and fava beans are expected to gain higher traction over the forecast period. Across microbial protein ingredients, both filamentous fungi, like mycoprotein and yeast-derived protein ingredients, are expected to witness strong growth given their functional properties.

Application-wise, whilst meat and dairy analogs witnessed a slowdown in demand across some countries between 2021 and 2023, the category will recover, and more niche product categories will drive growth. Formulators need to cater to changing consumer requirements and deliver on the taste, texture, and nutritional profile to drive adoption.

Geographically, North America held the largest share in both volume and value in 2022. The United States is the largest market in the region, driving the bulk of the demand for alternative protein ingredients. Asia-Pacific, Latin America, the Middle East, and Africa will witness the highest growth over the forecast period as the population of vegans and flexitarians in these regions grows.

Product Code: PEDE-88

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Alternative Protein Ingredients Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Segmentation by Type
Plant-based Protein Segmentation
Microbial-based Protein Segmentation
Insect-based Protein Segmentation
Alternative Protein Ingredients Market-Definitions
Key Competitors
Growth Metrics
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraints Analysis
Forecast Assumptions-Alternative Protein Ingredients Market
Revenue and Unit Shipment Forecast
Revenue Forecast by Type
Unit Shipment Forecast by Type
Forecast Analysis
Revenue Forecast by Region
Unit Shipment Forecast by Region
Forecast Analysis by Region
Pricing Trends

Growth Opportunity Analysis: Plant Protein Ingredients

Growth Metrics
Overview
Revenue and Unit Shipment Forecast
Revenue Forecast by Type
Unit Shipment Forecast by Type
Forecast Analysis
Revenue Forecast by Application
Unit Shipment Forecast by Application
Revenue Forecast for the Other F&B Category
Forecast Discussion by Application
Revenue Forecast by Region
Unit Shipment Forecast by Region
Forecast Analysis by Region
Competitive Environment
Competitive Landscape
Market Activities of Major Manufacturers-Expansions, Mergers and Acquisitions (M&As), and Partnerships (2022-2023)
Ingredient Launches by Major Manufacturers (2022-2023)
Spotlight on Plant-based Dairy, Meat, and Egg Products-2022

Growth Opportunity Analysis: Microbial Protein

Growth Metrics
Introduction-Microbial Proteins
Environmental Impact-Microbial Proteins
Revenue and Unit Shipment Forecast
Revenue Forecast by Type
Unit Shipment Forecast by Type
Forecast Analysis
Revenue Forecast by Application
Unit Shipment Forecast by Application
Forecast Analysis by Application
Revenue Forecast by Region
Unit Shipment Forecast by Region
Forecast Discussion by Region
Competitive Environment-Microbial Protein Ingredients
Competitive Landscape-Microalgae Proteins
Competitive Landscape-Yeast Proteins
Competitive Landscape-Filamentous Fungi
Market Activities of Major Manufacturers-Expansions, M&As, and Partnerships

Growth Opportunity Analysis: Insect Protein

Growth Metrics
Overview
Environmental Impact and Protein Content
Regulatory Landscape
Revenue and Unit Shipment Forecast
Forecast Discussion
Revenue Forecast by Application
Unit Shipment Forecast by Application
Forecast Analysis by Application
Revenue Forecast by Region
Unit Shipment Forecast by Region
Forecast Discussion by Region
Competitive Environment-Insect Protein Ingredients
Competitive Landscape
Market Activities of Major Manufacturers-Expansions, M&As, Partnerships

Growth Opportunity Analysis: Other Protein

Overview-Precision Fermentation-derived Proteins
Precision and Biomass Fermentation-Investment Landscape
Competitive Landscape-Precision Fermentation
Market Activities of Major Players-Expansions, Approvals, Partnerships (2022-2023)
Spotlight on Products Based on Precision Fermentation-derived Protein Products
Overview-Cell-cultured Proteins
Opportunity Forecast-Cell-cultured Proteins
Competitive Landscape-Cell-cultured Proteins
Key Market Activities-Cell-cultured Proteins (2022-2023)

Growth Opportunity Universe

Growth Opportunity 1: Protein Diversification
Growth Opportunity 2: Application Diversification
Growth Opportunity 3: Hybrid Products

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