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 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

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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.

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.

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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

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What is the global market size of Alternative Protein Market?

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

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