PUBLISHER: Roots Analysis | PRODUCT CODE: 1813193
PUBLISHER: Roots Analysis | PRODUCT CODE: 1813193
As per Roots Analysis, the global alternative proteins market size is estimated to grow from USD 17.97 billion in the current year to USD 50.45 billion by 2035, at a CAGR of 9.83% during the forecast period, till 2035.
The opportunity for alternative proteins market has been distributed across the following segments:
Type of Source
Type of Application
Type of Nature
Type of Form
Geographical Regions
Alternative Proteins Market: Growth and Trends
Alternative proteins are innovative sources of protein that come from plants, such as pea protein, or through unconventional methods like fermentation. These proteins aim to lessen reliance on animal-derived protein foods, including meat, dairy, seafood, and eggs, while providing nutritional benefits through plant-rich protein sources. In addition to offering nutrition comparable to that of meat proteins, alternative proteins contribute to lowering environmental impacts and addressing ethical concerns. They can be sourced from an array of origins, including plants, insects, and microbes.
Globally, the appetite for meat and protein-rich products is increasing, which appears unsustainable with the current levels of meat production around the world. Moreover, the ever-growing global population coupled with their increasing demand for high-quality nutritional food poses significant challenges for food security. Consequently, alternative proteins are emerging as a more attractive solution to meet this escalating demand. Their abundance of essential nutrients, fibers, healthy fats, and environmentally friendly production methods render them an effective component of a balanced diet.
To capitalize on this promising opportunity, industry stakeholders are progressively creating innovative products with improved quality, flavor, and texture. Owing to the rising demand for high-protein food ingredients and an increasing awareness of environmental issues, the alternative proteins market is expected to experience significant growth during the forecast period.
Alternative Proteins Market: Key Segments
Based on type of source, the global alternative proteins market is segmented into insect protein, microbial protein, and plant protein. According to our estimates, currently, the plant protein segment captures the majority share of the market. This can be attributed to the greater availability of raw materials such as peas, canola, wheat, rice, oats, and potatoes compared to other sources. Additionally, the cost-effectiveness of processing further enhances the demand for this source.
However, the insect protein segment is expected to grow at a higher CAGR during the forecast period, due to the increasing interest in edible insects and sustainable high-protein options for pet food and other applications.
Based on type of application, the alternative proteins market is segmented into animal feed, convenience food, dairy alternatives, functional food, meat alternatives, and protein supplements. According to our estimates, currently, the meat alternative applications capture the majority of the market. This growth can be attributed to the growing demand for plant-based products and an increasing emphasis on sustainable food production worldwide.
However, the animal feed segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the rising production of livestock and the growing need for sustainable animal feed options.
Based on type of nature, the alternative proteins market is segmented into conventional nature and organic nature. According to our estimates, currently, conventional nature captures the majority share of the market. This can be attributed to their availability and advantages of traditional production methods within well-established supply chains and economies of scale. In the case of plant-based protein production, standard agricultural and manufacturing techniques are utilized, which involve the use of synthetic fertilizers or pesticides for crops such as peas and soy. For cultivated meat and fermentation-based protein, a typical biotechnological process is employed.
However, the organic segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the growing demand for organic sources in alternative protein production.
Based on type of form, the alternative proteins market is segmented into dry and liquid. According to our estimates, currently, the dry form of alternative protein captures the majority share of the market. This is due to the strong demand for protein powders, concentrates, and isolates. Their adaptability, extended shelf life, and convenience make them ideal for a wide range of applications. However, the liquid protein products segment is expected to grow at a higher CAGR during the forecast period.
Based on geographical regions, the alternative proteins market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market, due to the increasing preference for nutritious plant-based foods in the area. Meanwhile, Asia is projected to experience the highest compound annual growth rate during the forecast period, driven by a rising demand for protein-rich foods and heightened awareness of health and wellness.
Alternative Proteins Market: Research Coverage
The report on the alternative proteins market features insights on various sections, including:
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