PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762580
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762580
The global alternative protein market size is expected to reach USD 220.30 billion by 2034, according to a new study by Polaris Market Research. The report "Alternative Protein Market Size, Share, Trends, Industry Analysis Report: By Source, Form (Dry and Liquid), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Alternative proteins encompass a wide range of products, including plant-based proteins, cell-cultured or lab-grown meat, insect proteins, and fermentation-derived proteins. These proteins aim to replace or complement traditional animal-based proteins while addressing critical challenges like resource scarcity, greenhouse gas emissions, and ethical concerns related to livestock farming. The market has witnessed significant investments from both startups and established food companies, alongside regulatory advancements and technological breakthroughs that have improved the taste, texture, and affordability of alternative protein products.
The growing consumer preference for sustainable and environmentally friendly food options is propelling the alternative protein market growth. Traditional animal-based proteins are produced through livestock farming, which is a major contributor to deforestation, water usage, and greenhouse gas emissions. This increase in greenhouse gas emissions is driving consumers to actively seek alternatives, such as plant-based and lab-grown proteins, that align with their values. Plant-based and lab-grown proteins offer a significantly lower carbon footprint, reduced land use, and minimized water consumption compared to conventional meat production.
In terms of source, the plant-based segment held the largest market share in 2024 due to increasing consumer awareness of sustainability, health, and animal welfare.
Based on form, the dry segment accounted for a major market share in 2024 due to its extended shelf life, ease of transportation, and compatibility with a wide range of food formulations.
In the global market, North America accounted for a major market share in 2024 due to its strong consumer demand, advanced food processing infrastructure, and high level of investment in food innovation.
The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, owing to rapid urbanization, population growth, and rising incomes.
Some of the global key market players are AB Mauri, AMCO Proteins, Angel Yeast, Archer Daniel Midland Company, Axiom Foods, Calysta Inc., Cargill Incorporation, Darling Ingredients, Griffith Foods, Hamlet Protein, Ingredion, Innovafeed, Lallemand Inc., Royal DSM NV, and Ynsect.
Polaris Market Research has segmented the alternative protein market report on the basis of source, form, application, and region:
By Source Outlook (Revenue, USD Billion, 2020-2034)
Plant-Based
Soy Protein Isolates
Soy Protein Concentrates
Fermented Soy Protein
Duckweed Protein
Others
Insect-Based
Microbial-Based
Bacteria
Yeast
Algae
Fungi
Others
By Form Outlook (Revenue, USD Billion, 2020-2034)
Dry
Liquid
By Application Outlook (Revenue, USD Billion, 2020-2034)
Food & Beverage
Meat Analogs
Bakery
Dairy Alternatives
Cereals & Snacks
Beverages
Others
Animal Feed
Poultry
Broiler
Layer
Turkey
Aquaculture
Salmon
Trout
Shrimps
Carp
Others
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America