Alternative Protein Market Report: Trends, Forecast and Competitive Analysis to 2030

Alternative Protein Trends and Forecast

The future of the global alternative protein market looks promising with opportunities in the food & beverage, cattle, aquaculture, animal feed, pet food, and equine markets. The global alternative protein market is expected to reach an estimated $194.1 billion by 2030 with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are rising inclination toward plant-based foods, increase in the intake of edible insects, and growing consumer preference for healthy food supplements.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Alternative Protein by Segment

The study includes a forecast for the global alternative protein by source, application, and region.

Alternative Protein Market by Source [Shipment Analysis by Value from 2018 to 2030]:

• Insect-Based
• Microbial-Based
• Plant-Based
• Others

Alternative Protein Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverage
• Cattle
• Aquaculture
• Animal Feed
• Pet Food
• Equine
• Others

Alternative Protein Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Alternative Protein Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies alternative protein companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the alternative protein companies profiled in this report include-

• Cargill
• Royal DSM
• AMCO Proteins
• Puris
• Axiom Foods
• Darling Ingredients
• Innovafeed
• Lallemand
• Hamlet Protein
• Archer Daniel Midland

Alternative Protein Market Insights

Lucintel forecasts that microbial-based is expected to witness the highest growth over the forecast period.

Within this market, food & beverage is expected to witness the highest growth over the forecast period.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Alternative Protein Market

Market Size Estimates: Alternative protein market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Alternative protein market size by source, application, and region in terms of value ($B).

Regional Analysis: Alternative protein market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sources, applications, and regions for the alternative protein market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the alternative protein market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the alternative protein market size?

Answer: The global alternative protein market is expected to reach an estimated $194.1 billion by 2030.

Q2. What is the growth forecast for alternative protein market?

Answer: The global alternative protein market is expected to grow with a CAGR of 16.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the alternative protein market?

Answer: The major drivers for this market are rising inclination toward plant-based foods, increase in the intake of edible insects, and growing consumer preference for healthy food supplements.

Q4. What are the major segments for alternative protein market?

Answer: The future of the alternative protein market looks promising with opportunities in the food & beverage, cattle, aquaculture, animal feed, pet food, and equine markets.

Q5. Who are the key alternative protein market companies?

Answer: Some of the key alternative protein companies are as follows:

• Cargill
• Royal DSM
• AMCO Proteins
• Puris
• Axiom Foods
• Darling Ingredients
• Innovafeed
• Lallemand
• Hamlet Protein
• Archer Daniel Midland

Q6. Which alternative protein market segment will be the largest in future?

Answer: Lucintel forecasts that microbial-based is expected to witness the highest growth over the forecast period.

Q7. In alternative protein market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the alternative protein market by source (insect-based, microbial-based, plant-based, and others), application (food & beverage, cattle, aquaculture, animal feed, pet food, equine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?