Alternative Protein Market by Source, Application

List of Tables

[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.

Global Alternative Protein Market

KEY MARKET STATISTICS
Base Year [2023]	USD 6.07 billion
Estimated Year [2024]	USD 6.53 billion
Forecast Year [2030]	USD 10.36 billion
CAGR (%)	7.92%

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 Freres, Roquette Klotze 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
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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. 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.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Alternative Protein Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Alternative Protein Market?

3. What are the technology trends and regulatory frameworks in the Alternative Protein Market?

4. What is the market share of the leading vendors in the Alternative Protein Market?

5. Which modes and strategic moves are suitable for entering the Alternative Protein Market?

Product Code: MRR-B168537780DD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Alternative Protein Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing inclination towards veganism worldwide
  - 5.1.1.2. Growing demand for healthy and nutritious food options
  - 5.1.1.3. Rising influence from celebrities and social media platforms to adopt meat-free products
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with the development of alternative proteins
- 5.1.3. Opportunities
  - 5.1.3.1. Rising research & development activities to develop new alternative proteins
  - 5.1.3.2. High potential for plant-based proteins
- 5.1.4. Challenges
  - 5.1.4.1. Limited awareness of the benefits of alternative proteins
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Alternative Protein Market, by Source

6.1. Introduction
6.2. Insect Protein
6.3. Microbial Protein
- 6.4.1. Algae
- 6.4.2. Bacteria
- 6.4.3. Fungi
- 6.4.4. Yeast
6.4. Plant Protein
- 6.5.1. Duckweed Protein
- 6.5.2. Fermented Soy Protein
- 6.5.3. Soy Protein Concentrates
- 6.5.4. Soy Protein Isolates

7. Alternative Protein Market, by Application

7.1. Introduction
7.2. Animal Feed
- 7.3.1. Cattle
- 7.3.2. Poultry
- 7.3.3. Swine
7.3. Food
- 7.4.1. Bakery
- 7.4.2. Beverages
- 7.4.3. Cereals & Snacks
- 7.4.4. Dairy Alternatives
- 7.4.5. Meat Analogs
7.4. Nutraceuticals
7.5. Personal Care & Cosmetics

8. Americas Alternative Protein Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Alternative Protein Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Alternative Protein Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
  - 11.3.1.1. Beneo acquires Meatless to expand portfolio of plant-based solutions
  - 11.3.1.2. Tate & Lyle expands in chickpea protein with Nutriati acquisition
- 11.3.2. Agreement, Collaboration, & Partnership
  - 11.3.2.1. Dr. Foods, Inc. and ImpacFat Pte. Ltd. announced their collaboration to develop alternative protein products in Japan and Singapore
  - 11.3.2.2. Cargill extends insect protein partnership with Innovafeed
- 11.3.3. New Product Launch & Enhancement
  - 11.3.3.1. Licious launched plant-based meat brand, Uncrave
  - 11.3.3.2. Dymatize Launched Complete Plant Protein
- 11.3.4. Investment & Funding
  - 11.3.4.1. Singapore-based insect firm closed USD 20 million equity raise
  - 11.3.4.2. Singapore-based alternative protein startup Next Gen Foods gets USD 100 million Series A for U.S. growth
- 11.3.5. Award, Recognition, & Expansion
  - 11.3.5.1. ADM planned alternative protein centre in Netherlands food valley
  - 11.3.5.2. INSEACT launched Singapore's largest insect protein facility

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. Archer-Daniels-Midland Company
- 12.1.2. Avant Meats
- 12.1.3. Axiom Foods Inc.
- 12.1.4. Beneo GmbH
- 12.1.5. Cargill, Incorporated
- 12.1.6. Cellena Inc.
- 12.1.7. Corbion NV
- 12.1.8. Cyanotech Corporation
- 12.1.9. DIC Corporation
- 12.1.10. E.I.D.-Parry
- 12.1.11. Far East Bio-Tec Co., Ltd.
- 12.1.12. Farbest-Tallman Foods Corporation
- 12.1.13. Glanbia PLC
- 12.1.14. Global Bugs Asia Co., Ltd.
- 12.1.15. Growthwell Foods
- 12.1.16. Impossible Foods
- 12.1.17. Ingredion Incorporated
- 12.1.18. International Flavors & Fragrances, Inc.
- 12.1.19. JR Unique Foods Ltd.
- 12.1.20. Kerry Group PLC
- 12.1.21. Lesaffre
- 12.1.22. Lightlife Foods
- 12.1.23. MycoTechnology Inc.
- 12.1.24. Next-Gen Foods
- 12.1.25. Now Foods
- 12.1.26. Plantible Foods, Inc.
- 12.1.27. Pond Technologies Holdings Inc.
- 12.1.28. Protix B.V.
- 12.1.29. Roquette Freres
- 12.1.30. Roquette Klotze GmbH & Co. Kg
- 12.1.31. Shiok Meats
- 12.1.32. String Bio
- 12.1.33. Tate & Lyle PLC
- 12.1.34. Tianjin Norland Biotech Co., Ltd.
- 12.1.35. TurtleTree
- 12.1.36. Unibio Group
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing