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).

Alternative Protein Market Size, Share, Growth Analysis, By Type(Plant-Based Protein, Insect-Based Protein, Microbial-Based Protein), By Application(Cereals & Snacks, Beverages, Animal Feed, Nutraceuticals), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2161 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 64 | Figures: 74

Alternative Protein Market News

In May 2022, Cargill Inc., announced the building of a new soybean processing mill in the countryside of Hayti and Caruthersville to fulfill the growing demand for oilseed, food, and feed purposes.
In February 2022, Protix (Netherlands) raised USD 62.5 million in equity for worldwide facility setup and expansion.
In September 2021, Calysta biotechnology raised USD 39 Million in funding to aid the worldwide scale-up of manufacturing of Calysta's FeedKind protein.
In January 2021, Entomo Farms (Canada) raised USD 2.9 million in an investment round by investors in Asia-pacific and Canada to aid the company's growth and expansion plan.

Alternative Protein Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Alternative Protein Market size was valued at USD 60.45 billion in 2019 and is poised to grow from USD 71.63 billion in 2023 to USD 330.05 billion by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031).

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)'

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 2020 and 2021 have highlighted the dangers associated with established company groups and methods hence, driving the demand for alternative protein sources.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Alternative Protein Market Size, Share, Growth Analysis, By Type(Plant-Based Protein, Insect-Based Protein, Microbial-Based Protein), By Application(Cereals & Snacks, Beverages, Animal Feed, Nutraceuticals), By Region - Industry Forecast 2024-2031

Alternative Protein Market News

Alternative Protein Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Alternative Protein Market?

Who are the key vendors in the Alternative Protein Market?

What is the key driver of Alternative Protein Market?

What is the key market trend for Alternative Protein Market?

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

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300