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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1505245

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1505245

Protein Alternatives Market by Source (Plant Protein, Microbial Protein, Insect Protein), Application (Food & Beverages, Animal Feed, Pet Food), Form, Nature, Production Process (Qualitative), & Region - Global Forecast to 2029

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Table of Contents

The global market for protein alternatives is estimated to be valued at USD 15.7 billion in 2024 and is projected to reach USD 25.2 billion by 2029, at a CAGR of 9.9% during the forecast period. The increasing demand for protein alternatives is driven by several key factors, particularly the growing consumer preference for natural and clean-label ingredients in food and beverages. As health becomes a top priority, there is a rising desire for products perceived as natural and nutritious. Protein alternatives derived from plants like soy, peas, and lentils fit perfectly with this trend. These plant-based proteins not only serve as natural additives but also offer functional benefits, making them appealing for use in a wide variety of food and beverage products.

Scope of the Report
Years Considered for the Study2024-2029
Base Year2023
Forecast Period2024-2029
Units ConsideredValue (USD)
SegmentsBy Source, By Form, By Nature, By Application, By Production process (qualitative) and By Region
Regions coveredNorth America, Europe, Asia Pacific, South America, and RoW

Additionally, there is a heightened awareness and adoption of plant-based diets, emphasizing the importance of protein-rich plant sources. Plant-based protein diets are known for their numerous health benefits, including better weight management, improved digestive health, and a reduced risk of chronic diseases such as heart disease and diabetes. Plant-based proteins from legumes, nuts, and seeds meet these dietary needs while offering sustainable and ethical alternatives to animal-based proteins, further driving their popularity in the market.

In May 2023, ADM (US) and Air Protein Inc (US) entered into a Strategic Development Agreement (SDA) to collaborate on developing new protein sources for nutrition. Air Protein specializes in producing protein from the air without the need for traditional agriculture, reducing supply chain risks. This partnership leverages ADM's expertise in nutrition, formulation, and research with Air Protein's innovative landless agriculture platform to scale up cost-effective protein ingredients for meat substitutes. The agreement includes plans to build and operate the world's first commercial-scale Air Protein plant. ADM's investment in Air Protein and other partners has advanced the development of Air Protein's technology, including its Bay Area Air Farm. This agreement highlights the companies' commitment to sustainable food systems and meeting the protein demand of a growing global population.

"The conventional segment is projected to dominate the market in the nature segment during the forecast period."

The market for protein alternatives is witnessing substantial growth as more consumers transition from animal-based proteins to plant-based options. This trend has significantly increased the demand for alternative protein products. Conventional crops, due to the use of fertilizers, pesticides, and synthetic chemicals in their cultivation, generally exhibit higher protein levels compared to organic crops. Thus, conventional plant-based proteins are well-positioned to meet this rising demand.

Health concerns and allergies associated with soy and wheat have led manufacturers to innovate. In January 2022, NuCicer, a US-based company, introduced a line of chickpea protein products as a more sustainable and cost-effective alternative. This high-protein, gluten-free products are intended to serve as viable substitutes for traditional protein sources such as soy, wheat, and peas. As demand for alternative proteins grows, companies are increasingly investing in research and development to broaden their product portfolios and address consumer preferences. In addition to chickpeas, other novel sources like hemp, algae, and quinoa are gaining popularity for their nutritional and sustainable qualities.

Technological advancements in food production are enhancing the taste, texture, and functionality of alternative protein products, further driving consumer acceptance and market expansion. With continuous innovation and growth in the protein alternatives sector, the future promises significant opportunities for both consumers and manufacturers.

"The dry sub-segment in the form of the segment is estimated to grow at a significant CAGR during the forecast period."

The dry form of protein alternatives is experiencing substantial growth, marked by a significant compound annual growth rate (CAGR) during the forecasted period. This surge is driven by increasing consumer demand for sustainable and plant-based protein sources, coupled with advancements in food technology that enhance the taste, texture, and nutritional profile of these products. The versatility and convenience of dry protein alternatives, such as powders and flakes, make them ideal for incorporation into a wide range of food products, including snacks, baked goods, and meal replacements. Additionally, the growing awareness of health and wellness trends, alongside environmental concerns associated with traditional animal-based proteins, further propels the market. As a result, manufacturers are increasingly investing in research and development to innovate and expand their product offerings, thereby fueling the continued growth and adoption of dry protein alternatives globally.

"Europe has consistently held a substantial market share within the protein alternatives sector during the period studied."

The European region is at the forefront of the booming protein alternatives market, showcasing impressive growth and shifting consumer preferences. As health consciousness, environmental sustainability, and ethical considerations gain traction, European consumers are increasingly opting for plant-based protein alternatives over traditional animal-derived sources. This dietary shift is driven by growing awareness of the health benefits of plant-based diets, such as reduced risk of chronic diseases and improved environmental sustainability. Consequently, the protein alternatives market in Europe has experienced significant expansion, with a wide array of innovative products emerging to meet diverse consumer needs and preferences.

Additionally, the rising trend of adopting plant-based proteins extends to animal feed. With increasing concerns about the environmental impact and ethical implications of livestock farming, there is a growing demand for sustainable alternatives in animal agriculture. Plant protein-based animal feed presents a viable solution, offering a nutritious and eco-friendly substitute for conventional animal-derived feed ingredients. This trend is further supported by regulatory initiatives aimed at promoting sustainable agriculture and minimizing the ecological footprint of livestock production. As a result, the European market for plant-based animal feed is witnessing steady growth, creating lucrative opportunities for stakeholders across the agricultural value chain.

In January 2024, Roquette Freres (France) expanded its NUTRALYS plant protein portfolio by introducing four new pea protein ingredients, including isolates, hydrolysates, and textured variants. These multifunctional pea proteins are designed to address formulation challenges in plant-based foods and high-protein nutritional products, paving the way for innovation in applications such as nutritional bars, protein drinks, and plant-based meat and dairy alternatives. This innovation is set to drive further growth and diversification in the protein alternatives market, enabling the development of more varied and appealing plant-based options for consumers.

The break-up of the profile of primary participants in the protein alternatives market:

  • By Company Type: Tier 1 - 25%, Tier 2 - 45%, and Tier 3 - 30%
  • By Designation: CXO's - 20%, Managers - 50%, Executives- 30%
  • By Region: North America - 25%, Europe - 20%, Asia Pacific - 30%, South America - 15% and Rest of the World -10%

Prominent companies ADM (US), Cargill (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Roquette Freres (France), Wilmar International Ltd. (Singapore), Glanbia plc (Ireland), Kerry Group PLC (Ireland), DSM (Netherlands), AGT Food and Ingredients (Canada), Burcon (Canada), InnovaFeed (France), Emsland Group (Germany), Global Bugs (Thailand), Ynsect (France), Tate & Lyle (UK).

Other players include BENEO GmbH (Germany), SOTEXPRO (France), Shandong Jianyuan group (China), AMCO Proteins (US), Emsland Group (Germany), COSUCRA (Belgium), Australian Plant Proteins Pty Ltd (Australia), PURIS (US), Mycorena (Sweden), CEAMSA (Spain), nextProtein (France), Hexafly (Ireland).

Research Coverage:

This research report categorizes the protein alternatives market by Source (plant protein, microbial protein, insect protein), by Form (dry, liquid), by Nature (conventional, organic), by application (food & beverages, animal feed, pet food) and by region (North America, Europe, Asia Pacific, South America, RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the protein alternatives market. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, and agreements. New service launches, mergers and acquisitions, and recent developments associated with the protein alternatives market. Competitive analysis of upcoming startups in the protein alternatives market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall protein alternatives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing interest in health-centric food and beverages), restraints (Possibilities of nutritional & vitamin deficiencies among vegans), opportunities (Effective marketing strategies and correct positioning of plant-based proteins), and challenges (Concerns regarding taste and texture of plant-based protein) influencing the growth of the plant-based protein market.
  • New product launch/Innovation: Detailed insights on research & development activities and new product launches in the protein alternatives market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the protein alternatives market across varied regions.
  • Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the protein alternatives market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like ADM (US), Cargill, Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Roquette Freres (France) and others in the protein alternatives market strategies.
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Product Code: FB 9057

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKET SEGMENTATION
    • 1.3.2 INCLUSIONS AND EXCLUSIONS
    • 1.3.3 REGIONS COVERED
    • 1.3.4 YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
    • TABLE 1 USD EXCHANGE RATES, 2020-2023
  • 1.5 UNITS CONSIDERED
  • 1.6 STAKEHOLDERS
    • 1.6.1 RECESSION IMPACT ANALYSIS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 1 PROTEIN ALTERNATIVES MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Key data from primary sources
      • 2.1.2.2 Breakdown of primary profiles
    • FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
      • 2.1.2.3 Key insights
    • FIGURE 3 INSIGHTS FROM KEY INDUSTRY EXPERTS
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 TOP-DOWN APPROACH
    • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    • 2.2.2 SUPPLY-SIDE ANALYSIS
    • FIGURE 5 MARKET SIZE CALCULATION: SUPPLY SIDE
    • 2.2.3 BOTTOM-UP APPROACH (DEMAND SIDE)
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • 2.3 DATA TRIANGULATION
    • FIGURE 7 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 LIMITATIONS AND RISK ASSESSMENT
  • 2.6 RECESSION IMPACT ANALYSIS
    • 2.6.1 MACROECONOMIC INDICATORS OF RECESSION
    • FIGURE 8 MACROECONOMIC INDICATORS OF RECESSION
    • FIGURE 9 GLOBAL INFLATION RATE, 2011-2022
    • FIGURE 10 GLOBAL GDP, 2011-2022 (USD TRILLION)
    • FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PROTEIN ALTERNATIVES MARKET
    • FIGURE 12 GLOBAL PROTEIN ALTERNATIVES MARKET: EARLIER FORECAST VS. RECESSION FORECAST

3 EXECUTIVE SUMMARY

    • TABLE 2 PROTEIN ALTERNATIVES: MARKET SHARE SNAPSHOT, 2024 VS. 2029 (USD MILLION)
    • FIGURE 13 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
    • FIGURE 14 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
    • FIGURE 15 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024 VS. 2029 (USD MILLION)
    • FIGURE 16 PROTEIN ALTERNATIVES MARKET, BY FORM, 2024 VS. 2029
    • FIGURE 17 PROTEIN ALTERNATIVES MARKET SHARE AND GROWTH RATE, BY REGION

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROTEIN ALTERNATIVES MARKET
    • FIGURE 18 NEW PRODUCT DEVELOPMENTS AND FACILITY EXPANSION TO DRIVE PROTEIN ALTERNATIVES MARKET
  • 4.2 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY APPLICATION AND COUNTRY
    • FIGURE 19 CHINA AND FOOD & BEVERAGES SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARES IN 2024
  • 4.3 PROTEIN ALTERNATIVES MARKET, BY SOURCE
    • FIGURE 20 PLANT PROTEIN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.4 PROTEIN ALTERNATIVES MARKET, BY FORM
    • FIGURE 21 DRY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.5 PROTEIN ALTERNATIVES MARKET, BY NATURE
    • FIGURE 22 CONVENTIONAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.6 PROTEIN ALTERNATIVES MARKET, BY APPLICATION
    • FIGURE 23 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.7 PROTEIN ALTERNATIVES MARKET, BY APPLICATION AND REGION
    • FIGURE 24 FOOD & BEVERAGES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • 4.8 PROTEIN ALTERNATIVES MARKET: REGIONAL SNAPSHOT
    • FIGURE 25 US TO DOMINATE PROTEIN ALTERNATIVES MARKET IN 2024

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MACROECONOMIC INDICATORS
    • 5.2.1 GLOBAL PRODUCTION OF PEA CROPS AND GREEN PEAS AND BOOST IN INNOVATION
    • FIGURE 26 GLOBAL PRODUCTION OF CHICKPEAS AND GREEN PEAS, 2018-2022 (MILLION TONNES)
    • FIGURE 27 GLOBAL PEA PRODUCTION, BY COUNTRY, 2021 (MILLION TONNES)
    • 5.2.2 INCREASE IN SOYBEAN PRODUCTION
    • FIGURE 28 SOYBEAN PRODUCTION, BY KEY COUNTRY, 2018-2023 (MILLION TONNES)
    • 5.2.3 CONSUMER SHIFT TOWARD PROTEIN ALTERNATIVES
    • 5.2.4 INCREASING COLLABORATIONS & INVESTMENTS IN R&D BETWEEN MARKET LEADERS AND STARTUPS
    • TABLE 3 LIST OF INVESTMENTS IN INSECT PROTEIN MARKET, 2019-2023 (USD MILLION)
  • 5.3 MARKET DYNAMICS
    • FIGURE 29 PROTEIN ALTERNATIVES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.3.1 DRIVERS
      • 5.3.1.1 Increase in interest in health-centric food and beverages
      • 5.3.1.2 Growth in consumer preferences toward veganism
      • 5.3.1.3 Rise in cases of lactose intolerance
    • TABLE 4 PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE, BY ETHNICITY
      • 5.3.1.4 Increased preference for meat alternatives
      • 5.3.1.5 Rise in lactose intolerance to boost use of wheat protein as dairy alternative
    • FIGURE 30 ESTIMATED PREVALENCE OF LACTOSE MALABSORPTION, BY COUNTRY, 2022
    • 5.3.2 RESTRAINTS
      • 5.3.2.1 Allergies associated with plant-based protein sources
      • 5.3.2.2 Nutritional and vitamin deficiencies among vegans
      • 5.3.2.3 Consumers' unacceptance of insect-based proteins
    • 5.3.3 OPPORTUNITIES
      • 5.3.3.1 Focus on aquatic plants as new and emerging sources of protein
      • 5.3.3.2 Effective marketing strategies and correct positioning of plant-based proteins
      • 5.3.3.3 Lifestyle changes
      • 5.3.3.4 Opportunities for food equipment manufacturers in insect rearing
    • 5.3.4 CHALLENGES
      • 5.3.4.1 Concerns over quality of food and beverages due to adulteration of GM ingredients
      • 5.3.4.2 Economic constraints
      • 5.3.4.3 Concerns related to taste and texture offered by plant-based protein

6 INDUSTRY TRENDS

  • 6.1 INTRODUCTION
  • 6.2 SUPPLY CHAIN ANALYSIS
    • FIGURE 31 PROTEIN ALTERNATIVES MARKET: SUPPLY CHAIN ANALYSIS
  • 6.3 VALUE CHAIN ANALYSIS
    • FIGURE 32 PROTEIN ALTERNATIVES MARKET: VALUE CHAIN ANALYSIS
    • 6.3.1 RESEARCH & PRODUCT DEVELOPMENT
    • 6.3.2 RAW MATERIAL SOURCING
    • 6.3.3 PRODUCTION & PROCESSING
    • 6.3.4 DISTRIBUTION
    • 6.3.5 MARKETING & SALES
    • 6.3.6 END USERS
  • 6.4 TRADE ANALYSIS
    • 6.4.1 IMPORT SCENARIO OF SOYBEANS
    • FIGURE 33 IMPORT OF SOYBEANS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 5 IMPORT SCENARIO FOR HS CODE: 1201, BY COUNTRY, 2019-2023 (USD)
    • 6.4.2 EXPORT SCENARIO OF SOYBEANS
    • FIGURE 34 EXPORT OF SOYBEANS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 6 EXPORT SCENARIO FOR HS CODE: 1201, BY COUNTRY, 2019-2023 (USD)
    • 6.4.3 IMPORT SCENARIO OF PEAS
    • FIGURE 35 IMPORT OF PEAS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 7 IMPORT SCENARIO FOR HS CODE: 071310, BY COUNTRY, 2019-2023 (USD)
    • 6.4.4 EXPORT SCENARIO OF PEAS, BY KEY COUNTRY
    • FIGURE 36 EXPORT OF PEAS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 8 EXPORT SCENARIO FOR HS CODE: 071310, BY COUNTRY, 2019-2023 (USD)
    • 6.4.5 IMPORT SCENARIO OF WHEAT & MESLIN
    • FIGURE 37 IMPORT OF WHEAT & MESLIN, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 9 IMPORT SCENARIO FOR HS CODE: 1001, BY COUNTRY, 2019-2023 (USD)
    • 6.4.6 EXPORT SCENARIO OF WHEAT & MESLIN
    • FIGURE 38 EXPORT OF WHEAT & MESLIN, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 10 EXPORT SCENARIO FOR HS CODE: 1001, BY COUNTRY, 2019-2023 (USD)
    • 6.4.7 IMPORT SCENARIO OF RICE
    • FIGURE 39 IMPORT OF RICE, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 11 IMPORT SCENARIO FOR HS CODE: 1006, BY COUNTRY, 2019-2023 (USD)
    • 6.4.8 EXPORT SCENARIO OF RICE
    • FIGURE 40 EXPORT OF RICE, BY KEY COUNTRY, 2019-2023
    • TABLE 12 EXPORT SCENARIO FOR HS CODE: 1006, BY COUNTRY, 2019-2023 (USD)
    • 6.4.9 IMPORT SCENARIO OF OATS
    • FIGURE 41 IMPORT OF OATS, BY KEY COUNTRY, 2019-2023
    • TABLE 13 IMPORT SCENARIO FOR HS CODE: 1004, BY COUNTRY, 2019-2023 (USD)
    • 6.4.10 EXPORT SCENARIO OF OATS
    • FIGURE 42 EXPORT OF OATS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 14 EXPORT SCENARIO FOR HS CODE: 1004, BY COUNTRY, 2019-2023 (USD)
    • 6.4.11 IMPORT SCENARIO OF MUSHROOMS
    • FIGURE 43 IMPORT OF MUSHROOMS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 15 IMPORT SCENARIO FOR HS CODE: 2003, BY COUNTRY, 2019-2023 (USD)
    • 6.4.12 EXPORT SCENARIO OF MUSHROOMS
    • FIGURE 44 EXPORT OF MUSHROOMS, BY KEY COUNTRY, 2019-2023 (USD)
    • TABLE 16 EXPORT SCENARIO FOR HS CODE: 2003, BY COUNTRY, 2019-2023 (USD)
  • 6.5 TECHNOLOGY ANALYSIS
    • 6.5.1 KEY TECHNOLOGIES
      • 6.5.1.1 Extrusion
      • 6.5.1.2 Use of membrane technology to produce differentiated wheat proteins
    • 6.5.2 COMPLEMENTARY TECHNOLOGIES
      • 6.5.2.1 High-pressure Processing (HPP)
      • 6.5.2.2 U-Loop
    • 6.5.3 ADJACENT TECHNOLOGIES
      • 6.5.3.1 Wet processing method for producing dairy alternative milk
  • 6.6 PRICING ANALYSIS
    • 6.6.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOURCE
    • FIGURE 45 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE, 2023 (USD/KG)
    • TABLE 17 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE, 2023 (USD/KG)
    • 6.6.2 AVERAGE SELLING PRICE TREND, BY REGION
    • FIGURE 46 AVERAGE SELLING PRICE TREND, BY REGION, 2020-2023 (USD/KG)
    • TABLE 18 AVERAGE SELLING PRICE TREND, BY REGION, 2020-2023 (USD/KG)
    • 6.6.3 AVERAGE SELLING PRICE TREND, BY SOURCE
    • FIGURE 47 AVERAGE SELLING PRICE TREND, BY SOURCE, 2020-2023 (USD/KG)
    • TABLE 19 AVERAGE SELLING PRICE TREND, BY SOURCE, 2020-2023 (USD/KG)
  • 6.7 ECOSYSTEM
    • 6.7.1 DEMAND SIDE
    • 6.7.2 SUPPLY SIDE
    • FIGURE 48 KEY PLAYERS IN PROTEIN ALTERNATIVES MARKET
    • TABLE 20 PROTEIN ALTERNATIVES MARKET: ECOSYSTEM
  • 6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
    • FIGURE 49 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • 6.9 PATENT ANALYSIS
    • TABLE 21 LIST OF MAJOR PATENTS PERTAINING TO MARKET, 2014-2024
    • FIGURE 50 NUMBER OF PATENTS GRANTED FOR PROTEIN ALTERNATIVES, 2014-2024
    • FIGURE 51 REGIONAL ANALYSIS OF PATENTS GRANTED FOR PROTEIN ALTERNATIVES
  • 6.10 KEY CONFERENCES & EVENTS
    • TABLE 22 PROTEIN ALTERNATIVES MARKET: LIST OF KEY CONFERENCES & EVENTS, 2024-2025
  • 6.11 TARIFF AND REGULATORY LANDSCAPE
    • 6.11.1 TARIFF DATA FOR SOY
    • TABLE 23 TARIFF FOR HS CODE: 120190
    • 6.11.2 TARIFF DATA FOR PEAS
    • TABLE 24 TARIFF FOR HS CODE: 071310
    • 6.11.3 REGULATORY BODIES, AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 25 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 26 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 27 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 28 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 29 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 6.11.4 REGULATORY FRAMEWORK
      • 6.11.4.1 North America
        • 6.11.4.1.1 US
      • 6.11.4.2 Feed Application
      • 6.11.4.3 Food Application
        • 6.11.4.3.1 Canada
      • 6.11.4.4 Europe
      • 6.11.4.5 Asia Pacific
  • 6.12 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 30 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 52 PORTER'S FIVE FORCES ANALYSIS
    • 6.12.1 THREAT OF NEW ENTRANTS
    • 6.12.2 THREAT OF SUBSTITUTES
    • 6.12.3 BARGAINING POWER OF SUPPLIERS
    • 6.12.4 BARGAINING POWER OF BUYERS
    • 6.12.5 INTENSITY OF COMPETITIVE RIVALRY
  • 6.13 KEY STAKEHOLDERS & BUYING CRITERIA
    • 6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 53 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
    • TABLE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
    • 6.13.2 BUYING CRITERIA
    • TABLE 32 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
    • FIGURE 54 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
  • 6.14 CASE STUDY ANALYSIS
    • 6.14.1 BLUE DIAMOND GROWERS PARTNERED WITH GROUP LALA TO ESTABLISH NETWORK IN MEXICO
    • 6.14.2 KERRY GROUP PLC REVOLUTIONIZED PLANT-BASED PRODUCTS IN ASIA PACIFIC MARKET
    • 6.14.3 ADM OFFERED NEW PLANT-BASED PROTEINS TO MEET GROWING CONSUMER DEMAND
    • 6.14.4 GLANBIA LAUNCHED ITS GRAIN PORTFOLIO TO ADDRESS CONSUMERS' RISING HEALTH CONCERNS
    • 6.14.5 MGP INGREDIENTS USED WHEAT PROTEIN ISOLATE TO IMPROVE DOUGH STRENGTH AND FREEZER STABILITY
    • TABLE 33 IMPROVED DOUGH POROSITY AND EXTENSIBILITY FOR LONGER PERIOD
  • 6.15 INVESTMENT AND FUNDING SCENARIO
    • FIGURE 55 GLOBAL ALTERNATIVE PROTEIN INVESTMENT TREND, 2018-2022

7 PROTEIN ALTERNATIVES MARKET, BY SOURCE

  • 7.1 INTRODUCTION
    • FIGURE 56 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
    • TABLE 34 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 35 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 36 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (KT)
    • TABLE 37 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (KT)
  • 7.2 PLANT PROTEIN
    • 7.2.1 DIVERSE ARRAY OF PLANT PROTEIN SOURCES WITH SUBSTANTIAL INCREASE IN NEWER SOURCES
    • TABLE 38 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 39 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 40 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 41 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 42 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (KT)
    • TABLE 43 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (KT)
    • TABLE 44 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 45 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 7.2.2 SOY
    • TABLE 46 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 47 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 48 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 49 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 7.2.3 WHEAT
    • TABLE 50 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 51 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 52 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 53 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 7.2.4 PEAS
    • TABLE 54 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 55 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 56 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 57 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 7.2.5 CANOLA, RICE, OATS, AND POTATOES
    • TABLE 58 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 59 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 60 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 61 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 7.2.6 BEANS & SEEDS
    • TABLE 62 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 63 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 64 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 65 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 7.2.7 OTHER PLANT PROTEINS
    • TABLE 66 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 67 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 68 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 69 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • 7.3 INSECT PROTEIN
    • 7.3.1 RISE IN AWARENESS OF PROTEIN CONTENT IN EDIBLE INSECTS HAMPERED BY INFRASTRUCTURAL CONSTRAINTS
    • TABLE 70 INSECT PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 71 INSECT PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 72 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 73 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 74 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (KT)
    • TABLE 75 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (KT)
    • 7.3.2 CRICKETS
    • TABLE 76 CRICKET-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 77 CRICKET-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 7.3.3 MEALWORMS
    • TABLE 78 MEALWORM-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 79 MEALWORM-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 7.3.4 LOCUSTS
    • TABLE 80 LOCUST-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 81 LOCUST-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 7.3.5 OTHER INSECT PROTEINS
    • TABLE 82 OTHER INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 83 OTHER INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 7.4 MICROBIAL PROTEIN
    • 7.4.1 GROWTH IN ACCEPTANCE OF MICROBIAL PROTEIN IN AQUACULTURE AS FISHMEAL REPLACEMENT
    • TABLE 84 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 85 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 86 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 87 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 88 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (KT)
    • TABLE 89 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (KT)
    • 7.4.2 ALGAE
    • TABLE 90 ALGAE-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 91 ALGAE-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 7.4.3 FUNGI
    • TABLE 92 FUNGI-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 93 FUNGI-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 7.4.4 BACTERIA
    • TABLE 94 BACTERIA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 95 BACTERIA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 7.4.5 OTHER MICROBIAL PROTEINS
    • TABLE 96 OTHER MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 97 OTHER MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)

8 PROTEIN ALTERNATIVES MARKET, BY NATURE

  • 8.1 INTRODUCTION
    • FIGURE 57 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024 VS. 2029 (USD MILLION)
    • TABLE 98 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020-2023 (USD MILLION)
    • TABLE 99 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024-2029 (USD MILLION)
  • 8.2 CONVENTIONAL
    • 8.2.1 GROWTH IN UTILIZATION OF PLANT-BASED FOOD PRODUCTS IN FOOD AND FEED INDUSTRIES
    • TABLE 100 CONVENTIONAL PLANT-BASED PROTEIN MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 101 CONVENTIONAL PLANT-BASED PROTEIN MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 8.3 ORGANIC
    • 8.3.1 GROWTH OF ORGANIC PLANT-BASED PROTEIN PRODUCTS TO BE FUELED BY RISING DEMAND FOR CLEAN-LABEL INGREDIENTS
    • TABLE 102 ORGANIC PLANT-BASED PROTEIN MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 103 ORGANIC PLANT-BASED PROTEIN MARKET, BY REGION, 2024-2029 (USD MILLION)

9 PROTEIN ALTERNATIVES MARKET, BY FORM

  • 9.1 INTRODUCTION
    • FIGURE 58 PROTEIN ALTERNATIVES MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)
    • TABLE 104 PROTEIN ALTERNATIVES MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 105 PROTEIN ALTERNATIVES MARKET, BY FORM, 2024-2029 (USD MILLION)
  • 9.2 DRY
    • 9.2.1 GREATER VERSATILITY TO INCREASE APPLICATION OF DRY PROTEIN IN PLANT-BASED FOOD & BEVERAGE INDUSTRY
    • TABLE 106 DRY PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 107 DRY PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 9.3 LIQUID
    • 9.3.1 HIGHER PROTEIN ENRICHMENT REQUIREMENTS IN LIQUID NUTRITIONAL SUPPLEMENTS
    • TABLE 108 LIQUID PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 109 LIQUID PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)

10 PROTEIN ALTERNATIVES MARKET, BY APPLICATION

  • 10.1 INTRODUCTION
    • FIGURE 59 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
    • TABLE 110 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
    • TABLE 111 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • 10.2 FOOD & BEVERAGES
    • 10.2.1 RISE IN CONSUMPTION OF PLANT-BASED MEAT AND DAIRY ALTERNATIVES
    • TABLE 112 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 113 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 114 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY SUBTYPE, 2020-2023 (USD MILLION)
    • TABLE 115 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY SUBTYPE, 2024-2029 (USD MILLION)
    • 10.2.2 MEAT ALTERNATIVES
    • TABLE 116 PROTEIN ALTERNATIVES MARKET IN MEAT ALTERNATIVES, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 117 PROTEIN ALTERNATIVES MARKET IN MEAT ALTERNATIVES, BY REGION, 2024-2029 (USD MILLION)
      • 10.2.2.1 Meatballs & nuggets
      • 10.2.2.2 Sausages
      • 10.2.2.3 Burgers
      • 10.2.2.4 Other Meat Alternatives
    • FIGURE 60 PROTEIN ALTERNATIVES MARKET SHARE IN MEAT ALTERNATIVES, BY SUBAPPLICATION, 2023
    • 10.2.3 DAIRY ALTERNATIVES
    • TABLE 118 PROTEIN ALTERNATIVES MARKET IN DAIRY ALTERNATIVES, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 119 PROTEIN ALTERNATIVES MARKET IN DAIRY ALTERNATIVES, BY REGION, 2024-2029 (USD MILLION)
      • 10.2.3.1 Milk Substitute
    • FIGURE 61 PLANT-BASED MILK SALES GROWTH, 2016-2022 (USD MILLION)
      • 10.2.3.2 Cheese Alternatives
      • 10.2.3.3 Yogurt Substitutes
      • 10.2.3.4 Ice-cream Substitutes
    • FIGURE 62 PROTEIN ALTERNATIVES MARKET SHARE IN DAIRY ALTERNATIVES, BY SUBAPPLICATION, 2023
    • 10.2.4 PROTEIN SUPPLEMENTS
    • TABLE 120 PROTEIN ALTERNATIVES MARKET IN PROTEIN SUPPLEMENTS, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 121 PROTEIN ALTERNATIVES MARKET IN PROTEIN SUPPLEMENTS, BY REGION, 2024-2029 (USD MILLION)
      • 10.2.4.1 Bars
      • 10.2.4.2 Powders
      • 10.2.4.3 Protein Shakes
      • 10.2.4.4 Other Protein Supplements
    • FIGURE 63 PROTEIN ALTERNATIVES MARKET SHARE IN PROTEIN SUPPLEMENTS, BY SUBAPPLICATION, 2023
    • 10.2.5 FUNCTIONAL FOOD
    • TABLE 122 PROTEIN ALTERNATIVES MARKET IN FUNCTIONAL FOOD, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 123 PROTEIN ALTERNATIVES MARKET IN FUNCTIONAL FOOD, BY REGION, 2024-2029 (USD MILLION)
      • 10.2.5.1 Fortified Cereals
      • 10.2.5.2 RTD Beverages
      • 10.2.5.3 Other Functional Food
    • FIGURE 64 PROTEIN ALTERNATIVES MARKET IN FUNCTIONAL FOOD, BY SUBAPPLICATION, 2023
    • 10.2.6 CONVENIENCE FOOD
    • TABLE 124 PROTEIN ALTERNATIVES MARKET IN CONVENIENCE FOOD, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 125 PROTEIN ALTERNATIVES MARKET IN CONVENIENCE FOOD, BY REGION, 2024-2029 (USD MILLION)
      • 10.2.6.1 Baked Goods
      • 10.2.6.2 Snacks
      • 10.2.6.3 Sauces, Gravies, and Soups
      • 10.2.6.4 Spreads
      • 10.2.6.5 Other Convenience Foods
    • FIGURE 65 PROTEIN ALTERNATIVES MARKET IN CONVENIENCE FOOD, BY SUBAPPLICATION, 2023
  • 10.3 ANIMAL FEED
    • 10.3.1 GROWING DEMAND FOR CLEAN-LABEL AND SUSTAINABLE FEED PRODUCTS
    • TABLE 126 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 127 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 128 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY SUBTYPE, 2020-2023 (USD MILLION)
    • TABLE 129 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY SUBTYPE, 2024-2029 (USD MILLION)
    • 10.3.2 POULTRY
    • TABLE 130 PROTEIN ALTERNATIVES MARKET IN POULTRY FEED, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 131 PROTEIN ALTERNATIVES MARKET IN POULTRY FEED, BY REGION, 2024-2029 (USD MILLION)
    • 10.3.3 SWINE
    • TABLE 132 PROTEIN ALTERNATIVES MARKET IN SWINE FEED, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 133 PROTEIN ALTERNATIVES MARKET IN SWINE FEED, BY REGION, 2024-2029 (USD MILLION)
    • 10.3.4 RUMINANTS
    • TABLE 134 PROTEIN ALTERNATIVES MARKET IN RUMINANT FEED, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 135 PROTEIN ALTERNATIVES MARKET IN RUMINANT FEED, BY REGION, 2024-2029 (USD MILLION)
    • 10.3.5 AQUACULTURE
    • TABLE 136 PROTEIN ALTERNATIVES MARKET IN AQUAFEED, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 137 PROTEIN ALTERNATIVES MARKET IN AQUAFEED, BY REGION, 2024-2029 (USD MILLION)
  • 10.4 PET FOOD
    • 10.4.1 VARIETY OF ALTERNATIVE PROTEINS AVAILABLE ALLOWS FOR DIVERSIFICATION AND INNOVATION IN PET FOOD PRODUCTS
    • TABLE 138 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 139 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 140 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY SUBTYPE, 2020-2023 (USD MILLION)
    • TABLE 141 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY SUBTYPE, 2024-2029 (USD MILLION)
    • 10.4.2 CAT FOOD
    • TABLE 142 PROTEIN ALTERNATIVES MARKET IN CAT FOOD, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 143 PROTEIN ALTERNATIVES MARKET IN CAT FOOD, BY REGION, 2024-2029 (USD MILLION)
    • 10.4.3 DOG FOOD
    • TABLE 144 PROTEIN ALTERNATIVES MARKET IN DOG FOOD, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 145 PROTEIN ALTERNATIVES MARKET IN DOG FOOD, BY REGION, 2024-2029 (USD MILLION)
    • 10.4.4 OTHER PET FOOD
    • TABLE 146 PROTEIN ALTERNATIVES MARKET IN OTHER PET FOOD, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 147 PROTEIN ALTERNATIVES MARKET IN OTHER PET FOOD, BY REGION, 2024-2029 (USD MILLION)

11 PROTEIN ALTERNATIVES MARKET, BY PRODUCTION PROCESS

  • 11.1 INTRODUCTION
  • 11.2 PLANT PROTEIN PRODUCTION PROCESS
    • 11.2.1 EXTRUSION
      • 11.2.1.1 Protein extraction
      • 11.2.1.2 Protein purification
      • 11.2.1.3 Heat treatment
      • 11.2.1.4 Starch/fiber processing
      • 11.2.1.5 Whey treatment system
  • 11.3 INSECT PROTEIN PRODUCTION PROCESS
    • 11.3.1 ULTRASONIC EXTRACTION
      • 11.3.1.1 Preparation of Insect Larvae
      • 11.3.1.2 Larval Disruption
      • 11.3.1.3 Defatting
      • 11.3.1.4 Ultrasonication
      • 11.3.1.5 Centrifugation or Filtration
      • 11.3.1.6 Protein Analysis and Storage
  • 11.4 MICROBIAL PROTEIN PRODUCTION PROCESS
    • 11.4.1 ULTRASOUND-ASSISTED EXTRACTION (UAE)

12 PROTEIN ALTERNATIVES MARKET, BY REGION

  • 12.1 INTRODUCTION
    • FIGURE 66 THAILAND TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
    • TABLE 148 PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 149 PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 150 PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (KT)
    • TABLE 151 PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (KT)
  • 12.2 NORTH AMERICA
    • FIGURE 67 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET SNAPSHOT
    • 12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
    • FIGURE 68 NORTH AMERICA: INFLATION RATES, BY COUNTRY, 2017-2022
    • FIGURE 69 NORTH AMERICA: RECESSION IMPACT ANALYSIS
    • TABLE 152 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 153 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 154 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 155 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 156 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (KT)
    • TABLE 157 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (KT)
    • TABLE 158 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 159 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 160 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 161 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 162 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 163 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 164 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
    • TABLE 165 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 166 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 167 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024-2029 (USD MILLION)
    • TABLE 168 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020-2023 (USD MILLION)
    • TABLE 169 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024-2029 (USD MILLION)
    • 12.2.2 US
      • 12.2.2.1 Rise in awareness regarding environmental and personal health benefits to drive preference for plant and insect protein
    • TABLE 170 US: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 171 US: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.2.3 CANADA
      • 12.2.3.1 Rise in investments by prominent players to drive production
    • TABLE 172 CANADA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 173 CANADA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.2.4 MEXICO
      • 12.2.4.1 Evolving consumer preferences and increasing demand for nutritious pet foods
    • TABLE 174 MEXICO: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 175 MEXICO: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
  • 12.3 EUROPE
    • 12.3.1 EUROPE: RECESSION IMPACT ANALYSIS
    • FIGURE 70 EUROPE: INFLATION RATES, BY COUNTRY, 2017-2022
    • FIGURE 71 EUROPE: RECESSION IMPACT ANALYSIS
    • TABLE 176 EUROPE: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 177 EUROPE: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 178 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 179 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 180 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (KT)
    • TABLE 181 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (KT)
    • TABLE 182 EUROPE: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 183 EUROPE: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 184 EUROPE: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 185 EUROPE: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 186 EUROPE: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 187 EUROPE: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 188 EUROPE: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
    • TABLE 189 EUROPE: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 190 EUROPE: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 191 EUROPE: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024-2029 (USD MILLION)
    • TABLE 192 EUROPE: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020-2023 (USD MILLION)
    • TABLE 193 EUROPE: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024-2029 (USD MILLION)
    • 12.3.2 GERMANY
      • 12.3.2.1 Greater dependence on plant-based foods and high adoption rate of flexitarian diets
    • TABLE 194 GERMANY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 195 GERMANY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.3.3 UK
      • 12.3.3.1 Increase in vegan population in UK
    • TABLE 196 UK: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 197 UK: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.3.4 ITALY
      • 12.3.4.1 Rapidly changing consumer preferences from conventional to plant-based protein
    • TABLE 198 ITALY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 199 ITALY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.3.5 NETHERLANDS
      • 12.3.5.1 Increase in popularity of plant-based foods due to their health and environmental benefits
    • TABLE 200 NETHERLANDS: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 201 NETHERLANDS: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.3.6 FRANCE
      • 12.3.6.1 Government support to develop domestic plant protein production and reduce imports
    • TABLE 202 FRANCE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 203 FRANCE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.3.7 REST OF EUROPE
    • TABLE 204 REST OF EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 205 REST OF EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
  • 12.4 ASIA PACIFIC
    • FIGURE 72 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET SNAPSHOT
    • 12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
    • FIGURE 73 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017-2022
    • FIGURE 74 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
    • TABLE 206 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 207 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 208 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 209 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 210 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (KT)
    • TABLE 211 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (KT)
    • TABLE 212 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 213 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 214 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 215 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 216 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 217 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 218 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
    • TABLE 219 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 220 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 221 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024-2029 (USD MILLION)
    • TABLE 222 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020-2023 (USD MILLION)
    • TABLE 223 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024-2029 (USD MILLION)
    • 12.4.2 CHINA
      • 12.4.2.1 Demand for products with health benefits to drive market growth
    • TABLE 224 CHINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 225 CHINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.4.3 JAPAN
      • 12.4.3.1 Government support and presence of active players to drive market
    • TABLE 226 JAPAN: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 227 JAPAN: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.4.4 INDIA
      • 12.4.4.1 Evolving dietary preferences and rise in incidence of coronary heart diseases to drive demand for plant-based protein
    • TABLE 228 INDIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 229 INDIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.4.5 AUSTRALIA & NEW ZEALAND
      • 12.4.5.1 Investments from key players and rising vegan population to drive growth
    • TABLE 230 AUSTRALIA & NEW ZEALAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 231 AUSTRALIA & NEW ZEALAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.4.6 MALAYSIA
      • 12.4.6.1 Rise in export opportunities for insect protein
    • TABLE 232 MALAYSIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 233 MALAYSIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.4.7 THAILAND
      • 12.4.7.1 Rise in awareness regarding environmental impact of meat industry
    • TABLE 234 THAILAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 235 THAILAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.4.8 REST OF ASIA PACIFIC
    • TABLE 236 REST OF ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 237 REST OF ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
  • 12.5 SOUTH AMERICA
    • 12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
    • FIGURE 75 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017-2022
    • FIGURE 76 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
    • TABLE 238 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 239 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 240 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 241 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 242 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (KT)
    • TABLE 243 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (KT)
    • TABLE 244 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 245 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 246 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 247 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 248 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 249 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 250 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
    • TABLE 251 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 252 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 253 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024-2029 (USD MILLION)
    • TABLE 254 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020-2023 (USD MILLION)
    • TABLE 255 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024-2029 (USD MILLION)
    • 12.5.2 BRAZIL
      • 12.5.2.1 High processing and export capabilities coupled with increased adoption of plant-based foods
    • TABLE 256 BRAZIL: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 257 BRAZIL: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.5.3 ARGENTINA
      • 12.5.3.1 Environmental, nutritional, and animal welfare concerns among youth to drive demand for plant-based protein
    • TABLE 258 ARGENTINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 259 ARGENTINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.5.4 REST OF SOUTH AMERICA
    • TABLE 260 REST OF SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 261 REST OF SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
  • 12.6 REST OF THE WORLD (ROW)
    • 12.6.1 ROW: RECESSION IMPACT ANALYSIS
    • FIGURE 77 ROW: INFLATION RATES, BY KEY COUNTRY, 2017-2022
    • FIGURE 78 ROW: RECESSION IMPACT ANALYSIS, 2022
    • TABLE 262 ROW: PROTEIN ALTERNATIVES MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 263 ROW: PROTEIN ALTERNATIVES MARKET, BY REGION, 2024-2029 (USD MILLION)
    • TABLE 264 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 265 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • TABLE 266 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (KT)
    • TABLE 267 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (KT)
    • TABLE 268 ROW: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 269 ROW: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 270 ROW: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 271 ROW: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 272 ROW: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 273 ROW: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 274 ROW: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
    • TABLE 275 ROW: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 276 ROW: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 277 ROW: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024-2029 (USD MILLION)
    • TABLE 278 ROW: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020-2023 (USD MILLION)
    • TABLE 279 ROW: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024-2029 (USD MILLION)
    • 12.6.2 AFRICA
      • 12.6.2.1 Favorable processing conditions coupled with rising consumer awareness about health issues
    • TABLE 280 AFRICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 281 AFRICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)
    • 12.6.3 MIDDLE EAST
      • 12.6.3.1 Demand for plant-based convenience foods to drive growth of protein alternative industry
    • TABLE 282 MIDDLE EAST: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020-2023 (USD MILLION)
    • TABLE 283 MIDDLE EAST: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024-2029 (USD MILLION)

13 COMPETITIVE LANDSCAPE

  • 13.1 OVERVIEW
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
    • TABLE 284 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PROTEIN ALTERNATIVE PLAYERS
  • 13.3 REVENUE ANALYSIS
    • FIGURE 79 REVENUE ANALYSIS FOR KEY COMPANIES IN LAST FIVE YEARS, 2019-2023 (USD BILLION)
  • 13.4 MARKET SHARE ANALYSIS
    • FIGURE 80 SHARE OF LEADING COMPANIES IN PROTEIN ALTERNATIVES MARKET, 2023
    • 13.4.1 MARKET RANKING ANALYSIS
    • FIGURE 81 RANKING OF TOP FIVE PLAYERS IN PROTEIN ALTERNATIVES MARKET
    • TABLE 285 PROTEIN ALTERNATIVES MARKET: DEGREE OF COMPETITION, 2023
  • 13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • 13.5.1 STARS
    • 13.5.2 EMERGING LEADERS
    • 13.5.3 PERVASIVE PLAYERS
    • 13.5.4 PARTICIPANTS
    • FIGURE 82 PROTEIN ALTERNATIVES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
    • 13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
      • 13.5.5.1 Company footprint
    • FIGURE 83 COMPANY FOOTPRINT
      • 13.5.5.2 Regional footprint
    • TABLE 286 REGIONAL FOOTPRINT
      • 13.5.5.3 Source footprint
    • TABLE 287 SOURCE FOOTPRINT
      • 13.5.5.4 Application footprint
    • TABLE 288 APPLICATION FOOTPRINT
      • 13.5.5.5 Form footprint
    • TABLE 289 FORM FOOTPRINT
  • 13.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    • 13.6.1 PROGRESSIVE COMPANIES
    • 13.6.2 RESPONSIVE COMPANIES
    • 13.6.3 DYNAMIC COMPANIES
    • 13.6.4 STARTING BLOCKS
    • FIGURE 84 PROTEIN ALTERNATIVES MARKET: COMPANY EVALUATION MATRIX (OTHER PLAYERS), 2023
    • 13.6.5 COMPETITIVE BENCHMARKING, START-UPS/SMES, 2023
      • 13.6.5.1 Detailed list of key start-ups/SMEs
    • TABLE 290 PROTEIN ALTERNATIVES MARKET: DETAILED LIST OF KEY START-UPS/SMES
      • 13.6.5.2 Competitive benchmarking of start-ups/SMEs
    • TABLE 291 PROTEIN ALTERNATIVES MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
  • 13.7 COMPANY VALUATION AND FINANCIAL METRICS
    • FIGURE 85 COMPANY VALUATION FOR NINE MAJOR PLAYERS IN PROTEIN ALTERNATIVES MARKET, 2023 (USD BILLION)
    • FIGURE 86 EV/EBITDA OF MAJOR PLAYERS, 2023
  • 13.8 BRAND/PRODUCT COMPARISON
    • FIGURE 87 PROTEIN ALTERNATIVES MARKET: BRAND/PRODUCT COMPARISON
  • 13.9 COMPETITIVE SCENARIO AND TRENDS
    • 13.9.1 PRODUCT LAUNCHES
    • TABLE 292 PROTEIN ALTERNATIVES MARKET: PRODUCT LAUNCHES, JANUARY 2020-FEBRUARY 2024
    • 13.9.2 DEALS
    • TABLE 293 PROTEIN ALTERNATIVES MARKET: DEALS, JANUARY 2020-FEBRUARY 2024
    • 13.9.3 EXPANSIONS
    • TABLE 294 PROTEIN ALTERNATIVES MARKET: EXPANSIONS, JANUARY 2020-JUNE 2022

14 COMPANY PROFILES

  • 14.1 KEY PLAYERS
  • (Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
    • 14.1.1 CARGILL, INCORPORATED
    • TABLE 295 CARGILL, INCORPORATED: BUSINESS OVERVIEW
    • FIGURE 88 CARGILL, INCORPORATED: COMPANY SNAPSHOT
    • TABLE 296 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 297 CARGILL, INCORPORATED: DEALS
    • TABLE 298 CARGILL, INCORPORATED: EXPANSIONS
    • TABLE 299 CARGILL, INCORPORATED: OTHER DEVELOPMENTS
    • 14.1.2 ADM
    • TABLE 300 ADM: BUSINESS OVERVIEW
    • FIGURE 89 ADM: COMPANY SNAPSHOT
    • TABLE 301 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 302 ADM: PRODUCT LAUNCHES
    • TABLE 303 ADM: DEALS
    • TABLE 304 ADM: OTHER DEVELOPMENTS
    • 14.1.3 KERRY GROUP PLC
    • TABLE 305 KERRY GROUP PLC: BUSINESS OVERVIEW
    • FIGURE 90 KERRY GROUP PLC: COMPANY SNAPSHOT
    • TABLE 306 KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 307 KERRY GROUP PLC: DEALS
    • TABLE 308 KERRY GROUP PLC: OTHER DEVELOPMENTS
    • 14.1.4 INTERNATIONAL FLAVORS & FRAGRANCES INC.
    • TABLE 309 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
    • FIGURE 91 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
    • TABLE 310 INTERNATIONAL FLAVORS & FRAGRANCES INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • 14.1.5 INGREDION
    • TABLE 311 INGREDION: BUSINESS OVERVIEW
    • FIGURE 92 INGREDION: COMPANY SNAPSHOT
    • TABLE 312 INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 313 INGREDION: PRODUCT LAUNCHES
    • TABLE 314 INGREDION: DEALS
    • TABLE 315 INGREDION: EXPANSIONS
    • 14.1.6 WILMAR INTERNATIONAL LTD.
    • TABLE 316 WILMAR INTERNATIONAL LTD.: BUSINESS OVERVIEW
    • FIGURE 93 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT
    • TABLE 317 WILMAR INTERNATIONAL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • 14.1.7 ROQUETTE FRERES
    • TABLE 318 ROQUETTE FRERES: BUSINESS OVERVIEW
    • TABLE 319 ROQUETTE FRERES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 320 ROQUETTE FRERES: PRODUCT LAUNCHES
    • TABLE 321 ROQUETTE FRERES: DEALS
    • TABLE 322 ROQUETTE FRERES: EXPANSIONS
    • 14.1.8 GLANBIA PLC
    • TABLE 323 GLANBIA PLC: BUSINESS OVERVIEW
    • FIGURE 94 GLANBIA PLC: COMPANY SNAPSHOT
    • TABLE 324 GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 325 GLANBIA PLC: PRODUCT LAUNCHES
    • TABLE 326 GLANBIA PLC: DEALS
    • 14.1.9 DSM-FIRMENICH
    • TABLE 327 DSM-FIRMENICH: BUSINESS OVERVIEW
    • FIGURE 95 DSM-FIRMENICH: COMPANY SNAPSHOT
    • TABLE 328 DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 329 DSM-FIRMENICH: DEALS
    • 14.1.10 AGT FOOD AND INGREDIENTS
    • TABLE 330 AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW
    • TABLE 331 AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 332 AGT FOOD AND INGREDIENTS: DEALS
    • 14.1.11 TATE & LYLE
    • TABLE 333 TATE & LYLE: BUSINESS OVERVIEW
    • FIGURE 96 TATE & LYLE: COMPANY SNAPSHOT
    • TABLE 334 TATE & LYLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 335 TATE & LYLE: DEALS
    • 14.1.12 BURCON
    • TABLE 336 BURCON: BUSINESS OVERVIEW
    • FIGURE 97 BURCON: COMPANY SNAPSHOT
    • TABLE 337 BURCON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 338 BURCON: DEALS
    • TABLE 339 BURCON: EXPANSIONS
    • 14.1.13 EMSLAND GROUP
    • TABLE 340 EMSLAND GROUP: BUSINESS OVERVIEW
    • TABLE 341 EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 342 EMSLAND GROUP: DEALS
    • 14.1.14 GLOBAL BUGS
    • TABLE 343 GLOBAL BUGS: BUSINESS OVERVIEW
    • TABLE 344 GLOBAL BUGS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 345 GLOBAL BUGS: DEALS
    • 14.1.15 YNSECT
    • TABLE 346 YNSECT: BUSINESS OVERVIEW
    • TABLE 347 YNSECT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 348 YNSECT: PRODUCT LAUNCHES
    • TABLE 349 YNSECT: DEALS
    • TABLE 350 YNSECT: EXPANSIONS
    • TABLE 351 YNSECT: OTHER DEVELOPMENTS
  • 14.2 OTHER PLAYERS
    • 14.2.1 PURIS
    • TABLE 352 PURIS: BUSINESS OVERVIEW
    • TABLE 353 PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 354 PURIS: EXPANSIONS
    • TABLE 355 PURIS: OTHER DEVELOPMENTS
    • 14.2.2 COSUCRA
    • TABLE 356 COSUCRA: BUSINESS OVERVIEW
    • TABLE 357 COSUCRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 358 COSUCRA: PRODUCT LAUNCHES
    • TABLE 359 COSUCRA: DEALS
    • TABLE 360 COSUCRA: EXPANSIONS
    • 14.2.3 BENEO GMBH
    • TABLE 361 BENEO GMBH: BUSINESS OVERVIEW
    • TABLE 362 BENEO GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 363 BENEO GMBH: DEALS
    • TABLE 364 BENEO GMBH: EXPANSIONS
    • TABLE 365 BENEO GMBH: OTHER DEVELOPMENTS
    • 14.2.4 SOTEXPRO
    • TABLE 366 SOTEXPRO: BUSINESS OVERVIEW
    • TABLE 367 SOTEXPRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • 14.2.5 AMCO PROTEINS
    • TABLE 368 AMCO PROTEINS: BUSINESS OVERVIEW
    • TABLE 369 AMCO PROTEINS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 370 AMCO PROTEINS: EXPANSIONS
    • 14.2.6 HEXAFLY
    • TABLE 371 HEXAFLY: BUSINESS OVERVIEW
    • TABLE 372 HEXAFLY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 373 HEXAFLY: DEALS
    • 14.2.7 CHAPUL, LLC
    • TABLE 374 CHAPUL, LLC: BUSINESS OVERVIEW
    • TABLE 375 CHAPUL, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 376 CHAPUL, LLC: OTHER DEVELOPMENTS
    • 14.2.8 AUSTRALIAN PLANT PROTEINS PTY LTD.
    • TABLE 377 AUSTRALIAN PLANT PROTEINS PTY LTD.: COMPANY OVERVIEW
    • 14.2.9 SHANDONG JIANYUAN GROUP
    • TABLE 378 SHANDONG JIANYUAN GROUP: COMPANY OVERVIEW
    • 14.2.10 MYCORENA
    • TABLE 379 MYCORENA: COMPANY OVERVIEW
    • 14.2.11 CALYSTA INC.
    • TABLE 380 CALYSTA INC.: COMPANY OVERVIEW
    • 14.2.12 NEXTPROTEIN
    • TABLE 381 NEXTPROTEIN: COMPANY OVERVIEW
    • 14.2.13 QUORN
    • TABLE 382 QUORN: COMPANY OVERVIEW
  • *Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15 ADJACENT & RELATED MARKETS

  • 15.1 INTRODUCTION
    • TABLE 383 ADJACENT MARKETS
  • 15.2 STUDY LIMITATIONS
  • 15.3 PEA PROTEIN MARKET
    • 15.3.1 MARKET DEFINITION
    • 15.3.2 MARKET OVERVIEW
    • TABLE 384 PEA PROTEIN MARKET, BY FORM, 2020-2023 (USD MILLION)
    • TABLE 385 PEA PROTEIN MARKET, BY FORM, 2024-2029 (USD MILLION)
  • 15.4 SOY PROTEIN INGREDIENTS MARKET
    • 15.4.1 MARKET DEFINITION
    • 15.4.2 MARKET OVERVIEW
    • TABLE 386 SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018-2021 (USD MILLION)
    • TABLE 387 SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022-2027 (USD MILLION)
  • 15.5 PROTEIN INGREDIENTS MARKET
    • 15.5.1 MARKET DEFINITION
    • 15.5.2 MARKET OVERVIEW
    • TABLE 388 PROTEIN INGREDIENTS MARKET, BY FORM, 2019-2022 (USD MILLION)
    • TABLE 389 PROTEIN INGREDIENTS MARKET, BY FORM, 2023-2028 (USD MILLION)
  • 15.6 INSECT PROTEIN MARKET
    • 15.6.1 MARKET DEFINITION
    • 15.6.2 MARKET OVERVIEW
    • TABLE 390 INSECT PROTEIN MARKET, BY DISTRIBUTION CHANNEL, 2019-2021 (USD MILLION)
    • TABLE 391 INSECT PROTEIN MARKET, BY DISTRIBUTION CHANNEL, 2022-2027 (USD MILLION)

16 APPENDIX

  • 16.1 DISCUSSION GUIDE
  • 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 16.3 CUSTOMIZATION OPTIONS
  • 16.4 RELATED REPORTS
  • 16.5 AUTHOR DETAILS
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