Alternative Protein Market – By Source, By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2031.

Report Code: FBR 0613 Report Format: PDF + Excel

Alternative Protein Market Overview:

The Alternative Protein Market is estimated to surpass $6.969 Billion by 2030 growing at an estimated CAGR of more than 12.0% % during the forecast period 2023 to 2030. The growing market for alternative protein sources, such as plant-based proteins, cultured meat, and insect protein. This is due to changing consumer behavior and concerns about health, the environment, and animal welfare. Many food industry players are attempting to capture this market opportunity by rolling out new technologies and ingredients. However, pea protein and cultured meat show the most promise for market growth over the coming years, and plants are expected to be the largest source of alternative protein.
 
Despite this, animal protein will likely maintain a significant market share due to the projected growth of meat consumption in major developed markets such as China. It is suggested that CPG companies and food manufacturers invest in the capabilities required to develop and manufacture the most promising alternative-protein products to win market share in this fast-growing segment over the long term.

Alternative Protein Market- Report Coverage:

The “Alternative Protein Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Alternative Protein Market.
 
Attribute Segment

 

By Type

  • Plant Protein

  • Insect Protein

  • Microbial Protein

  • Others

 

By Source

  • Insect-based

  • Microbial-based

  • Plant-based Alternative Protein

  • Others

 

 

 

By Application

  • Food & Beverages

  • Animal Feed and Pet Food

  • Nutraceuticals

  • Plant Protein-based Applications

  • Insect Protein-based Applications

  • Microbial Protein-based Applications

  • Others

 

 

 

 

 

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).

Alternative Protein Market- Top Trends:

Plant-Based Proteins: Plant-based proteins, such as those from soy, pea, rice, and other sources, have gained popularity as alternatives to traditional animal-based proteins like meat and dairy.
Cell-Based Meat: Cellular agriculture, or cell-based meat, involves growing animal cells in a lab to produce meat without the need for traditional animal farming. This technology has been advancing rapidly.
Sustainability: Consumers are increasingly concerned about the environmental impact of conventional meat production, and alternative proteins are seen as more sustainable options with lower greenhouse gas emissions and land use.
Health and Wellness: Many consumers are choosing alternative proteins for health reasons, as they often offer lower saturated fat and cholesterol compared to animal-based proteins.
Diverse Product Offerings: The market includes a wide range of alternative protein products, from plant-based burgers and sausages to dairy-free milk and cell-based chicken nuggets.
Investment and Research: Major food companies, startups, and investors are pouring significant resources into developing and promoting alternative protein products.
Regulatory and Labeling Challenges: The industry faces challenges related to regulatory approval and labeling standards for alternative proteins.

The Alternative Protein Market- Company Analysis

Research studies indicate that companies are increasingly investing in the research & development to improve their technology and stay ahead of their competitors.
Beyond Meat, Inc.: Beyond Meat is a pioneer in plant-based meat substitutes. They offer a range of products, including Beyond Burger and Beyond Sausage.
Impossible Foods: Impossible Foods is known for its Impossible Burger, a plant-based patty that's designed to look, cook, and taste like real meat.
Eat Just, Inc.: Eat Just produces plant-based and cell-based foods, including the JUST Egg and cultured meat products.
Oatly AB: Oatly is a leading producer of oat-based milk and dairy alternatives.
Aleph Farms: Aleph Farms is a pioneer in the cell-based meat industry, specializing in beef production. 
 

Alternative Protein Market Share (%) By Region, 2023


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Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Alternative Protein Market adopt. The top 10 companies in Alternative Protein Market are listed below:
  1. Beyond Meat
  2. Impossible Foods
  3. Quorn Foods
  4. MorningStar Farms
  5. Tofurky
  6. Field Roast
  7. Gardein
  8. Lightlife Foods
  9. Sweet Earth Foods
  10. The Vegetarian Butcher
Scope of the Report:
 
Report Metric Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

12%

Market Size in 2030

$6.969 Billion

Segments Covered

Type, Source, Application

 

 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

 

 

 

 

 

Key Market Players

  1. Beyond Meat

  2. Impossible Foods

  3. Quorn Foods

  4. MorningStar Farms

  5. Tofurky

  6. Field Roast

  7. Gardein

  8. Lightlife Foods

  9. Sweet Earth Foods

  10. The Vegetarian Butcher
 
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1. Alternative Protein Market Overview
    1.1. Definitions and Scope
2. Alternative Protein Market– Executive Summary
3. Alternative Protein Market– Market Landscape
    3.1. Company Benchmarking – Key Companies
    3.2. Key Company Financial Analysis
    3.3. Market Share Analysis – Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Alternative Protein Market– Startup Company Scenario
    4.1. Investment
    4.2. Revenue
    4.3. Venture Capital and Funding Scenario
5. Alternative Protein Market– Market Entry Scenario Premium 
    5.1. Regulatory Scenario
    5.2. New Business and Ease of Doing business index
    5.3. Case Studies of Successful Ventures
6. Alternative Protein Market– Market Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Porter’s Five Force Model
         6.3.1. Bargaining Power of Suppliers
         6.3.2. Bargaining Powers of Customers
         6.3.3. Threat of New Entrants
         6.3.4. Rivalry Among Existing Players
         6.3.5. Threat of Substitutes
7. Alternative Protein Market– Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle Analysis
8. Alternative Protein Market– By Type(Market Size - $Million/$Billion)
    8.1. Plant Protein
         8.1.1. Key Market Trends, Growth Factors and Opportunities 
         8.1.2. Market Size & Forecast by Region
    8.2. Insect Protein
         8.2.1. Key Market Trends, Growth Factors and Opportunities
         8.2.2. Market Size & Forecast by Region
    8.3. Microbial Protein
         8.3.1. Key Market Trends, Growth Factors and Opportunities
         8.3.2. Market Size & Forecast by Region
    8.4. Others
9. Alternative Protein Market–By Source (Market Size - $Million/$Billion)
    9.1. Insect-based 
         9.1.1. Key Market Trends, Growth Factors and Opportunities
         9.1.2. Market Size & Forecast by Region
    9.2. Microbial-based
         9.2.1. Key Market Trends, Growth Factors and Opportunities
         9.2.2. Market Size & Forecast by Region
    9.3. Plant-based Alternative Protein
         9.3.1. Key Market Trends, Growth Factors and Opportunities
         9.3.2. Market Share & Forecast by Region
    9.4. Others
10. Alternative Protein Market– By Application: (Market Size - $Million/$Billion)
    10.1. Food & Beverages
         10.1.1. Key Market Trends, Growth Factors and Opportunities
         10.1.2. Market Size & Forecast by Region
    10.2. Animal Feed and Pet Food
         10.2.1. Key Market Trends, Growth Factors and Opportunities
         10.2.2. Market Size & Forecast by Region
    10.3. Nutraceuticals
         10.3.1. Key Market Trends, Growth Factors and Opportunities
         10.3.2. Market Size & Forecast by Region
    10.4. Plant Protein-based Applications
         10.4.1. Key Market Trends, Growth Factors and Opportunities
         10.4.2. Market Size & Forecast by Region
    10.5. Insect Protein-based Applications
         10.5.1. Key Market Trends, Growth Factors and Opportunities
         10.5.2. Market Size & Forecast by Region
    10.6. Microbial Protein-based Applications
         10.6.1. Key Market Trends, Growth Factors and Opportunities
         10.6.2. Market Size & Forecast by Region
    10.7. Others
11. Alternative Protein Market– by Geography (Market Size - $Million/$Billion)
    11.1. North America
         11.1.1. U.S.
         11.1.2. Canada
         11.1.3. Mexico
    11.2. Europe
         11.2.1. Germany
         11.2.2. France
         11.2.3. U.K.
         11.2.4. Italy
         11.2.5. Spain
         11.2.6. Russia
         11.2.7. Rest of Europe
    11.3. Asia-Pacific
         11.3.1. China
         11.3.2. Japan
         11.3.3. South Korea
         11.3.4. India
         11.3.5. Australia & New Zealand
         11.3.6. Rest of Asia-Pacific
    11.4. South America
         11.4.1. Brazil
         11.4.2. Argentina
         11.4.3. Chile
         11.4.4. Colombia
         11.4.5. Rest of South America
    11.5. Rest of the World
         11.5.1. Middle East
         11.5.2. Africa
12. Alternative Protein Market– Market Entropy
    12.1. New product launches
    12.2. M&A’s, collaborations, JVs and partnerships
13. Alternative Protein Market– Industry Competition Landscape 
    13.1. Market Share Analysis
         13.1.1. Market Share by Technology – Key Companies
         13.1.2. Market Share by Country – Key Companies
         13.1.3. Market Share by Region – Key Companies
    13.2. Competition Matrix
    13.3. Best Practices for Companies
14. Alternative Protein Market– Key Company List by Country Premium 
15. Alternative Protein Market– Company Analysis
    15.1. Beyond Meat
    15.2. Impossible Foods
    15.3. Quorn Foods
    15.4. MorningStar Farms
    15.5. Tofurky
    15.6. Field Roast
    15.7. Gardein
    15.8. Lightlife Foods
    15.9. Sweet Earth Foods
    15.10. The Vegetarian Butcher
    15.11. Greenleaf Foods (Lightlife and Field Roast)
    15.12. Nestlé (Sweet Earth)
    15.13. Kellogg's (MorningStar Farms)
    15.14. Archer Daniels Midland (ADM)
    15.15. Cargill
    15.16. Tyson Foods
    15.17. Maple Leaf Foods
    15.18. The LIVEKINDLY Co.
    15.19. Before the Butcher
    15.20. Good Catch.
 
* "Financials would be provided to private companies on best-efforts basis." 
 
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The Alternative Protein Market is forecast to grow at 12%during the forecast period 2023-2030.

The Global Alternative Protein Market size is estimated to be $xx Million in 2023 and is projected to reach $6.969 Billion by 2030.

The leading players in the Alternative Protein Market are Beyond Meat, Impossible Foods, Quorn Foods, MorningStar Farms, Tofurky, Field Roast, Gardein, Lightlife Foods, Sweet Earth Foods and others.

Rising Demand for Plant-Based Proteins, Personalization and precision nutrition, Nutritional enhancement, Improved Taste and Texture, Technological Advancements in Fermentation, are some major trends that will shape the market in future.

Rising Demand for healthy & functional foods, Product Diversification, Nutritional Enhancement, Advancements in Food Technology, Changing Consumer Preferences are some driving factors and opportunities for the Alternative Protein market.