What is the global market size of Alternative Protein Market?

Alternative Protein Market size was valued at USD 60.45 billion in 2021 and is poised to grow from USD 71.63 billion in 2022 to USD 330.05 billion by 2030, growing at a CAGR of 18.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Alternative Protein Market?

The Alternative Protein Market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Cargill Inc., Ingredion Incorporated, Tate & Lyle Plc, and Ÿnsect (SAS) among others who are driving the market. 'Archer Daniels Midland Company (US)', 'Cargill Inc. (US)', 'Roquette Frères (France)', 'Ingredion Incorporated (US)', 'Kerry Group (Ireland)', 'International Flavors & Fragrances, Inc. (IFF) (US)', 'Now Foods (US)', 'Tate & Lyle Plc (U.K.)', 'Axiom Foods Inc. (US)', 'Burcon NutraScience Corporation (Canada)', 'Beneo GmbH (A Part of Südzucker AG) (Germany)', 'Glanbia Plc (Ireland)', 'Sotexpro (France)', 'Farbest-Tallman Foods Corporation (US)', 'CHS Inc. (US)', 'Ÿnsect (SAS) (France)', 'Enterra Feed Corporation (Canada)', 'Protix B.V. (Netherlands)', 'Entomo Farms (Canada)

Alternative Protein Market Size, Share, Growth Analysis, By Source (Plant Protein, Insect Protein), By Nature, By Form, By Region - Industry Forecast 2025-2032

Q: Which region accounted for the largest share in Global Alternative Protein Market?

North America accounted for the largest share of the Alternative Protein Market in 2021. North America's prominent position in the Alternative Protein Market can be ascribed to a growing realization of the importance of producing protein using sustainable ways in light of rising environmental concerns and moral concerns about animal protein. The burgeoning vegan population, more investment in alternative protein goods, and increased demand for healthier products have all resulted in technological advancements in the food sector that encourage alternative protein.

Report ID: SQMIG30I2161 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 64 | Figures: 74

Alternative Protein Market Regional Insights

North America accounted for the largest alternative protein market share in 2023. North America's prominent position in the alternative protein industry can be ascribed to a growing realization of the importance of producing protein using sustainable ways in light of rising environmental concerns and moral concerns about animal protein. The burgeoning vegan population, more investment in alternative protein goods, and increased demand for healthier products have all resulted in technological advancements in the food sector that encourage alternative protein.

Asia-Pacific, on the other hand, is expected to register the fastest CAGR over the projection period. The rapid rise of the local market can be linked to a growing awareness of the need for protein-rich diets, increased technological advancements in the food and beverage industry, a rapidly developing economy, and a large supply of raw materials.

Alternative Protein Market Report Snapshots

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Alternative Protein Market size was valued at USD 71.63 Billion in 2023 and is poised to grow from USD 84.88 Billion in 2024 to USD 391.11 Billion by 2032, growing at a CAGR of 18.5% during the forecast period (2025-2032).

Alternative Protein Market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Cargill Inc., Ingredion Incorporated, Tate & Lyle Plc, and Ÿnsect (SAS) among others who are driving the market. 'Cargill, Incorporated ', 'ADM ', 'Kerry Group PLC ', 'International Flavors & Fragrances Inc. ', 'Ingredion ', 'Wilmar International Ltd. ', 'Roquette Freres ', 'Glanbia PLC ', 'DSM-Firmenich ', 'AGT Food and Ingredients ', 'Tate & Lyle ', 'Burcon ', 'Emsland Group ', 'Global Bugs ', 'Ynsect ', 'Puris ', 'Cosucra ', 'Beneo GmbH ', 'Sotexpro ', 'Amco Proteins'

Plant-based products are an ethical and sustainable alternative to animal-derived products since well-established meat and dairy enterprises are under constant criticism from civil society groups and new food enterprise players.

The general public health and environmental crises that engulfed the sector in 2022 and 2023 have highlighted the dangers associated with established company groups and methods hence, driving the demand for alternative protein sources.

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Alternative Protein Market Size, Share, Growth Analysis, By Source (Plant Protein, Insect Protein), By Nature, By Form, By Region - Industry Forecast 2025-2032

Alternative Protein Market Regional Insights

Alternative Protein Market Report Snapshots

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What is the global market size of Alternative Protein Market?

Who are the key vendors in the Alternative Protein Market?

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Which region accounted for the largest share in Alternative Protein Market?

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