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Protein Alternatives Market Size, Share, Industry Overview, and Top Companies

The global protein alternatives market is estimated at USD 15.7 billion in 2024; it is projected to grow at a CAGR of 9.9% to reach USD 25.2 billion by 2029. The protein alternatives market has experienced rapid growth and diversification in recent years, driven by increasing consumer demand for sustainable, health-conscious, and ethically produced food options.

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Protein Alternatives Market Size, Share, Industry Overview, and Top Companies

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  1. ProteinAlternativesMarketSize,Share,IndustryOverview,GrowthDrivers,andTopCompaniesProteinAlternativesMarketSize,Share,IndustryOverview,GrowthDrivers,andTopCompanies Theglobalprotein alternatives marketisestimatedatUSD15.7billionin2024;itisprojectedtogrowataCAGRof9.9%toreachUSD25.2billionby2029.Theproteinalternativesmarkethasexperiencedrapidgrowthanddiversificationinrecentyears,drivenbyincreasingconsumerdemandforsustainable,health-conscious,andethicallyproducedfoodoptions.Keydriversofthismarketincluderisingconcernsovertheenvironmentalimpactoftraditionalanimalagriculture,thehealthbenefitsassociatedwithplant-baseddiets,andethicalconsiderationsregardinganimalwelfare.Majorsegmentswithintheproteinalternativesmarketincludeplant-basedproteins,insect-basedproteins,andmicrobialproteins.CompanieslikeBeyondMeat,ImpossibleFoods,andOatlyhavebecomehouseholdnames,reflectingthemainstreamacceptanceandexpandingconsumerbasefortheseproducts.Technologicaladvancementsandsignificantinvestmentsfrombothfoodindustrygiantsandventurecapitalistshavefurtheracceleratedthedevelopmentandaccessibilityofinnovativeproteinalternatives. ProteinAlternativesMarketDriver:IncreasingDemandforAlternateProtein

  2. Theincreasingglobalpopulationunderscoresthenecessityforalternativeproteinsources.Overthepastdecade,significanteffortshavefocusedondevelopingproteinsfromnon-traditionalcropsandlivestock.ThistrendisparticularlynoticeableinEuropeandNorthAmerica,whereconsumerinterestandinvestmentinalternativeproteinshavesurged.Theconventionalsourcesofanimalproteinlikepork,beef,andchickenareprojectedtobeinsufficienttomeetfuturedemands,creatingopportunitiesfortheexpansionoftheinsectproteinmarket.Inadditiontoproteinsandfats,insectsarevaluedfortheirrichmineralandvitamincontent.Amongyoungerdemographics,particularlyinsportsnutrition,insectproteins,suchascricketflour,aregainingpopularityandarebeingincorporatedintovariousnutritiousfoodproducts.Forinstance,startupslikeNextStepFoodsintheUKproducecricketproteinbarslike"Yuana"availableinmultipleflavors.Theincreasingglobalpopulationunderscoresthenecessityforalternativeproteinsources.Overthepastdecade,significanteffortshavefocusedondevelopingproteinsfromnon-traditionalcropsandlivestock.ThistrendisparticularlynoticeableinEuropeandNorthAmerica,whereconsumerinterestandinvestmentinalternativeproteinshavesurged.Theconventionalsourcesofanimalproteinlikepork,beef,andchickenareprojectedtobeinsufficienttomeetfuturedemands,creatingopportunitiesfortheexpansionoftheinsectproteinmarket.Inadditiontoproteinsandfats,insectsarevaluedfortheirrichmineralandvitamincontent.Amongyoungerdemographics,particularlyinsportsnutrition,insectproteins,suchascricketflour,aregainingpopularityandarebeingincorporatedintovariousnutritiousfoodproducts.Forinstance,startupslikeNextStepFoodsintheUKproducecricketproteinbarslike"Yuana"availableinmultipleflavors. Theshifttoalternativeproteinsalsopromisesenvironmentalbenefits,notablyinreducinggreenhousegasemissionscomparedtotraditionalmeatproduction,ashighlightedbytheWorldEconomicForumin2019.Moreover,adoptingalternativeproteinsaddressesdiet-relatedhealthconcernsindevelopingcountriesandpromoteshealthierlifestylesindevelopedregionssuchasNorthAmericaandEurope.Theseareashavealreadyembracedalternativeproteinsourcessuchasedibleinsects,plant-basedmeat,plantproteiningredients,andculturedmeat.Industryexpertspredictsignificantmarketgrowthpotentialfortheseproducts,withculturedandplant-basedmeataloneexpectedtoseeover40%growthinthecomingyears. In2022,astudyfundedbytheEuropeanRegionalDevelopmentFundrevealedthat22%ofUKconsumerspreferredalternativeproteinsourcesovermeat,withtheyoungerdemographicshowinganevenhigherpreferenceexceeding25%.Thesetrendsunderscorethegrowingmarketopportunitiesintheinsectproteinsector. DownloadPDFBrochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=233726079 ProteinAlternativesMarketOpportunities:Changesinconsumerlifestyles Theglobalpopulation'sexpansionisplacingheightenedstrainonlimitedresources,withescalatingenergypricesandrawmaterialexpensesimpactingfoodcosts,particularlyaffectinglower-incomedemographics.Additionally,thestrainonfoodresourcesisbeingintensifiedbywaterscarcity,notablyprevalentacrossAfricaandNorthernAsia.WithintheAsiaPacificregion,thereexistsacostadvantageintermsofbothproductionandprocessing,fosteringhighdemandandofferingfavorableconditionsfordairyalternativesuppliersandmanufacturerstotargetthismarket. Aslifestylesevolverapidly,there'sanoticeableshifttowardsmorenutritiousand health-consciousfoodoptions.Thedistinctionbetweenfastfoodandjunkfoodis

  3. anticipatedtogrow,withconsumersincreasinglyseekingquickyetwholesomealternatives.Recognizingnaturallyrichnutritionalproductspresentsasignificantopportunityforsuppliersandmanufacturerstomeetevolvingconsumerpreferences.anticipatedtogrow,withconsumersincreasinglyseekingquickyetwholesomealternatives.Recognizingnaturallyrichnutritionalproductspresentsasignificantopportunityforsuppliersandmanufacturerstomeetevolvingconsumerpreferences. Furthermore,theriseindisposableincomesisdrivingdemandforconvenient,healthy,andhighlynutritiousproductsacrossAsiaPacificnations.Emergingeconomieswithintheregionpresentsubstantialopportunitiesforgrowthwithintheproteinalternativesmarket. Plantproteinisestimatedtobethefastestsourcesegmentintheproteinalternativesmarketduringtheforecastedperiodof2024–2029. Plantproteinhasrapidlyemergedasthefrontrunnerintheproteinalternativesmarket,prizedforitsspeedofadoptionandnutritionalbenefits.Withconsumersincreasinglyfocusedonhealth,sustainability,andethicalconsiderations,plant-basedproteinsofferacompellingsolution.Unliketraditionalanimal-derivedproteins,whichoftencomewithenvironmentalconcernsandethicaldebates,plantproteinsaregenerallymoresustainabletoproduceandconsume. Oneofthekeyreasonsfortheswiftascentofplantproteininthemarketisitsversatility.Manufacturerscanextractproteinfromawidearrayofplantsources,suchaspeas,soybeans,hemp,andevenalgae,offeringadiverserangeofproductsthatcatertodifferentdietarypreferencesandneeds.Thisdiversityfuelsinnovation,leadingtoproductsthatnotonlymatchbutsometimessurpasstheiranimal-basedcounterpartsintaste,texture,andnutritionalprofile. Furthermore,plantprotein'srapiddigestionandabsorptionratemakeithighlyappealingtoathletesandhealth-consciousindividualsseekingefficientproteinsourcesformusclerecoveryandoverallwellness.Asresearchcontinuestohighlightthehealthbenefitsofplant-baseddiets,includingreducedrisksofchronicdiseases,thepopularityofplantproteinisexpectedtocontinueitsmeteoricriseintheproteinalternativesmarket. MakeanInquirytoAddressyourSpecificBusinessNeeds: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=233726079 TheNorthAmericanregionisprojectedtodominatetheproteinalternativesmarket. NorthAmericastandsasthedominantregionintheproteinalternativesmarket,owingtoitsrobustinfrastructure,technologicaladvancements,andgrowingconsumerdemandforsustainablefoodsources.ThisleadershipisunderscoredbystrategicdevelopmentssuchasinJanuary2022ADM's(US)collaborationwith InnovaFeed(France),aimedatsupplyinginsectproteinforADM'spetfooddivision

  4. whileleveragingwasteheatandwaterresourceseffectively.ThispartnershipnotonlyenhancesADM'sproductofferingsbutalsoreinforcessustainabilityinitiativesinthepetfoodindustry.Similarly,InMay2021,Cargill's(US)strategicpartnershipwithInnovaFeed(France)focusesonsupplyinginsectfeedforaquacultureandintegratinginsectoilintopigfeed,addressingtheincreasingneedforinnovativeproteinsourcesinanimalnutrition.ThesecollaborationshighlightNorthAmerica'spivotalroleinadvancingproteinalternativesthroughstrategicalliancesthatpromotesustainabilityandtechnologicalinnovationinthefoodandfeedsectors.whileleveragingwasteheatandwaterresourceseffectively.ThispartnershipnotonlyenhancesADM'sproductofferingsbutalsoreinforcessustainabilityinitiativesinthepetfoodindustry.Similarly,InMay2021,Cargill's(US)strategicpartnershipwithInnovaFeed(France)focusesonsupplyinginsectfeedforaquacultureandintegratinginsectoilintopigfeed,addressingtheincreasingneedforinnovativeproteinsourcesinanimalnutrition.ThesecollaborationshighlightNorthAmerica'spivotalroleinadvancingproteinalternativesthroughstrategicalliancesthatpromotesustainabilityandtechnologicalinnovationinthefoodandfeedsectors. • TopCompaniesintheProteinAlternativesMarket • ADM(US) • Cargill Incorporated(US) • InternationalFlavors&FragrancesInc.(US) • Ingredion(US) • RoquetteFrères(France) • WilmarInternationalLtd.(Singapore) • Glanbiaplc(Ireland) • Kerry Group PLC(Ireland) • DSM(Netherlands) • AGTFoodandIngredients(Canada) • Tate & Lyle(UK) • Burcon(Canada) • Protein Alternatives Industry News: • In January 2024, Ÿnsect became the first company authorized to commercialize mealwormproteinsfordogfoodintheUnitedStatesasofJanuary24,2024.Thismilestone allows Ÿnsect to expand its sustainableinsectproteinofferingsintotheUSpetfoodmarket,meetingtherisingconsumerdemandforeco-friendlypetnutrition.This authorization is expected to enhance Ÿnsect's market presence and support the trendofusinginsect-basedproteinsinpetfood. • InFebruary2024,RoquetteexpandeditsNutralysplantproteinlinebylaunchingfournewpeaproteinproducts,encompassingisolates,hydrolysates,andtexturedvariants.Theseversatilepeaproteinsaredesignedtoaddressformulationchallengesinplant-basedfoodsandhigh-proteinnutritionalproducts.Theypavethewayforinnovationinvariousitems,includingnutritionalbars,proteinbeverages,andplant-basedmeatanddairyalternatives. • Get10%FreeCustomizationonthisReport: • https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=233726079 • Protein Alternatives Market Segmentation: BySource

  5. 1. PlantProtein • Soy • Peas • Wheat • Canola,Rice,OatsandPotatoes • Beans&seeds • OtherPlantProtein • MicrobialProtein • Algae • Fungi • Bacteria • OtherMicrobe-based • InsectProtein • Cricket • Mealworm • Locust • ByApplicationFood&beverages • 1. MeatAlternatives • Meatballs&nuggets • Sausages • Burgers • OtherMeatAlternatives • DairyAlternatives • MilkSubstitute • CheeseAlternatives • YogurtSubstitute • Ice-CreamSubstitute • OtherDairyAlternatives • ProteinSupplements • Bars • Powders • ProteinShakes • OtherProteinSupplements • FunctionalFood • FortifiedCereals

  6. RTDBeverages • OtherFunctionalFood • ConvenienceFoods • BakedFood • Snacks • Sauces,Gravies,&Soups • Spreads • OtherConvenienceFoods • AnimalFeed/Nutrition • Poultry • Swine • Ruminants • Aquaculture • PetFood • Catfood • DogFood • OtherPetfoods • ByRegion • NorthAmerica • Europe • AsiaPacific • SouthAmerica • RestoftheWorld(RoW) • Scheduleacallwithouranalyststodiscussyourbusinessneeds:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=233726079

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