Alternative Proteins Market Size Share Growth Forecast to 2029 | DataM Intelligence

Alternative Proteins Market | DataM Intelligence
The global alternative protein market is majorly driven by increasing intolerance toward animal protein and increasing consumer interest in non-meat-based protein options worldwide.

Alternative Proteins Market Outlook:

Alternative proteins are the protein source that is obtained from a plant source. These proteins are associated with meat-free and dairy-free diets. The proteins are generally classified into plant-based, insect-based and lab-grown meat. They are the products that replicate animal agriculture products and offer consumers products that save similar texture, taste and look to animal-based meat products but with lower sustainability impact.

The global alternative proteins market size is projected to show significant growth by reaching up to USD billion by 2027, growing at a CAGR of 12% during the forecast period (2022-2029).

The global alternative protein market is majorly driven by increasing intolerance towards animal protein and increasing consumer interest in non-meat-based protein options worldwide. Continuous developmental innovation in food technology has refined alternative proteins, thus aspiring consumers to shift their belief to alternative proteins.

The global outbreak of coronavirus has shown a positive impact on the alternative proteins market in recent times. The growing rumours about the transmission of viruses with meat have severely impacted many meat production companies’ global businesses. Raising awareness among consumers towards adopting plant-based food products has accelerated alternative proteins in recent times.

Asia-Pacific region dominated the global market of alternative proteins in recent times. Among all regions, Asia-Pacific is proliferating, mainly due to rising knowledge of protein-rich diets, increasing health awareness, increasing technological developments in the food & beverage industry, coupled with cheap raw material factors that drive the region’s alternative protein market.

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Market Segmentation:

By Type:

Organic
Inorganic

By Form:

Dry
Liquid

By Source:

Plant Protein
Mycoprotein
Insect Protein
Algal Protein
Cultured Meat
Others

By Application:

Food & Beverages
Animal Feed & Pet Food
Personal Care and Cosmetics
Pharmaceuticals
Others

Geographical Classification:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Some of the Major Players Covered in the global Market:

Some of the key players contributing to the market’s growth include Cargill, Inc, Kerry Group, DuPont de Nemours, Inc, Wilmar International Limited, Agriprotein Holdings Ltd, Ingredion Incorporated, DSM, Emsland Group, Cosucra Group, Batory Foods and among others.

Suggested Reports:

Meat Alternatives Market is segmented By Type (Tofu, Tempeh, Textured Vegetable Protein, Others), By Source (Soy, Wheat, Mycoprotein, Others), By Sales Channel (Super Markets, Convenience Stores, Online Sales Channels, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Plant Proteins Market is segmented By Type (Protein Concentrate, Protein Isolate, Textured Protein), By Source (Pea Protein, Soy Protein, Wheat Protein, Other vegetable Protein), By Application (Animal Feed, Food Ingredients (Bakery and confectionery, Beverages, Energy and sports drink, Meat Analogues, Ready to eat), Pharmaceuticals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Additional Benefits Post Purchase:

1) Unlimited Analyst support for a period of 1 year.

2) Any query with regards to the scope offered will be addressed within 24- 48 hours.

3) An excel sheet with market numbers will be provided separately.

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The Full Report has the below insights

The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
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