PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608863
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608863
Alternative Protein Market, By Source, By Form, By Application, By Geography
Alternative protein market is estimated to be valued at USD 16.44 Bn in 2024 and is expected to reach USD 26.76 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | 16.44 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 7.20% | 2031 Value Projection: | 26.76 Bn |
Alternative protein market is witnessing robust growth due to various factors such as growing concern for animal welfare, impact of meat consumption on the environment, and health benefits associated with plant-based or cultivated meat. Rising popularity of veganism and flexitarians among millennials and generation z consumers has boosted demand for meat and dairy alternatives. Furthermore, technological advancements have enabled production of plant-based or cell-based meat that closely resembles animal meat in terms of taste, texture and other attributes, thus, making the switch easier for consumers.
Market Dynamics
Alternative protein market growth is driven by growing health and environmental consciousness among consumers. People are increasingly adopting vegan or flexitarian diets to reduce the risk of lifestyle diseases, cut calories and lessen the environmental impact of animal agriculture. However, high production costs and limited availability of cultivated meat can inhibit fast commercialization. Technology companies are making significant investments in cell-based meat production to reduce costs and launch viable commercial products. Factors like reduced costs, improved taste and texture of products, growing environmental urgency can present significant opportunities for market players in the near future.
Key features of the study
This report provides in-depth analysis of the global alternative protein market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global alternative protein market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ADM, Cargill Inc., Lightlife Foods, Inc., Impossible Foods Inc., International Flavors & Fragrances, Inc., Ingredion Inc., Kerry Group, Glanbia plc, Bunge Limited, Axiom Foods Inc., Tate & Lyle PLC, SunOpta Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global alternative protein market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global alternative protein market
Market Segmentation
- By Source Insights (Revenue, USD Bn, 2019 - 2031)
- Plant-Based Proteins
- Insect-Based Proteins
- Microbial Fermentation based
- Cell-Based (Cultivated) Proteins
- Others
- By Form Insights (Revenue, USD Bn, 2019 - 2031)
- Dry
- Liquid
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Food & Beverages
- Infant Formulations
- Clinical Nutrition
- Animal Feed
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- ADM
- Cargill Inc.
- Lightlife Foods, Inc.
- Impossible Foods Inc.
- International Flavors & Fragrances, Inc.
- Ingredion Inc.
- Kerry Group
- Glanbia plc
- Bunge Limited
- Axiom Foods Inc.
- Tate & Lyle PLC
- SunOpta Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Alternative Protein Market, By Source
- Alternative Protein Market, By Form
- Alternative Protein Market, By Application
- Alternative Protein Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Key Development
- Industry Trends
4. Alternative Protein Market, By Source, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Plant-Based Proteins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Insect-Based Proteins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Microbial Fermentation based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cell-Based (Cultivated) Proteins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Alternative Protein Market, By Form, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Dry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Alternative Protein Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Infant Formulations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Clinical Nutrition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Alternative Protein Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive landscape
- ADM
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cargill Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lightlife Foods, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Impossible Foods Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- International Flavors & Fragrances, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ingredion Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kerry Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Glanbia plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bunge Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Axiom Foods Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Tate & Lyle PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SunOpta Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
