Market Research Report
Alternative Protein Market by Stage/Type (Insect, Algae, Duckweed, Lab Meat, Pea, Rice, Potato, Corn, Soy, Wheat, Corn, Mycoprotein, Mushrooms), Application, and Geography - Global Forecast to 2025
|Published by||Meticulous Market Research Pvt. Ltd.||Product code||906595|
|Published||Content info||290 Pages
Delivery time: 1-2 business days
|Alternative Protein Market by Stage/Type (Insect, Algae, Duckweed, Lab Meat, Pea, Rice, Potato, Corn, Soy, Wheat, Corn, Mycoprotein, Mushrooms), Application, and Geography - Global Forecast to 2025|
|Published: August 13, 2019||Content info: 290 Pages||
In terms of value, the global alternative protein market is expected to grow at a CAGR of 9.5% from 2019 to reach $17.9 billion by 2025; while in terms of volume, the market is expected to grow at a CAGR of 5.2% from 2019 to reach 9,787.4 KMT by 2025.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges. The high growth of alternative protein market is mainly attributed to growing urbanization with new consumer aspiration, rising venture investments in alternative protein companies, innovation in food technology, high nutritional value of edible insect, and environmental sustainability with production and consumption of alternative protein. However, high cost of alternative protein and significant preference for animal-based products are expected to hamper the growth of alternative protein market to some extent.
The global alternative protein market study presents historical market data in terms of both value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025-by stage (emerging alternative protein (insect, algae, duckweed, and lab meat), adolescent alternative protein (pea, rice, corn, potato, and others), and matured alternative protein (soy, wheat, canola, mushroom, mycoprotein, and others)); and application (plant protein based products, insect protein based, aquatic plant protein based products, microbial protein based, and cultured meat based products. The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on application, plant-based protein products market commanded the largest share of the global market. However, the edible insect-based products are expected to witness a significant growth, because of high nutritional value of insects, increasing demand for novel food products, growing acceptance of insects and insect-based food among people, and environmental sustainability with production and consumption of insects.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. North America commanded the largest share of the global alternative protein market, followed by Europe and Asia-Pacific. The large share of this region is mainly attributed to the well-established food and feed industry, rising concerns over animal products and protein, increasing vegan population, growing preference to meat alternatives, and technological advancements in food industry.
The major players operating in the global alternative protein market are: AgriProtein (South Africa), Ynsect (France), Enterra Feed Corporation (Canada), Protix (The Netherlands), Proti-Farm Holding NV (The Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), Tiny Farms (U.S.), EntoCube (Finland), EnviroFlight, LCC. (U.S.), EntofoodSdn Bhd. (Malaysia), CoaloVally Farms (U.S.), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), DIC Corporation (Japan), Cellana Inc. (U.S.), Taiwan Chlorella Manufacturing Company (China), Microalgaetech International SdnBhd (Malaysia), BlueBioTech Int. GmbH (Germany), Algatechologies Ltd. (Israel), Pond Technologies Inc. (Canada), E.I.D. - Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd (China), AlgaeCan Biotech Ltd. (Canada), Corbion NV (The Netherlands), Sun Chlorella Corporation (Japan), Parabel, Inc. (U.S.), Plantible Foods, Inc. (U.S.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Freres Le Romain (France), Ingredion Inc (U.S.), Kerry Group (Ireland), E.I. Dupont de Nemours and Company (U.S.), Now foods (U.S.), Tate & Lyle Plc (U.K.), AXIOM Foods Inc. (U.S.), BurconNutraScience Corporation (Canada), BENEO GmbH (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest Brands (U.S.), and CHS Inc. (U.S.), Just, Inc. (U.S.), Mosa Meat (The Netherlands), Memphis Meats (U.S.), and MycoTechnology Inc. (U.S.).