Global Protein Alternatives Market || Revenue and Value Chain 2020-2030

The global protein alternatives market accounted for US$ 11.5 billion in 2019 and is estimated to be US$ 25.1 billion by 2029 and is anticipated to register a CAGR of 8.2%

The report "Global Protein Alternatives Market, By Source (Plant Protein (Soy Protein, Wheat Protein, Pea Protein, and Other Plant Proteins), Mycoprotein, Algal protein, and Insect Protein), By Application (Food and Beverage, Dietary Supplements, Animal Feed & Pet Food, and Personal Care & Cosmetics), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In December 2019, Cargill has announced to launch RadipureTM, a pea protein developed and manufactured in Asia, to support the ever-increasing Asian consumer market and demand for plant-based proteins.
In March 2019, Ingredion has launched a new certified-organic addition to its line of plant-based proteins for the US and Canada. VITESSENCE Pulse 1803 organic pea protein isolate provides key formulation functionality while helping manufacturers create in-demand, high-protein products that support consumer-desired claims

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Analyst View:

Swelling demand for vegan-protein

The protein alternatives market is witnessing a shift in consumer demand from animal protein to plant protein. This inclination toward a plant-based diet is related with several factors, such as health awareness, ethical or religious views, sustainability issues, and environmental and animal rights. As per the data published by United States Center for Disease Control and Prevention, 12.2 million people are suffering from a food allergy, of which two-thirds is related with egg allergy. Likewise, as per the reference list of allergen data collection, the allergen from chicken meat ranges from 0.5-5% in Southern Europe. Consumers across the globe are favoring toward plant-based protein diets. About 17% of Australians and 33% of Canadians about have turned into flexitarians.

Increasing venture investments in alternative protein companies

Prominent companies across the globe are evading against or preparing for the decline of demand for animal products by investing in other companies that are working in alternative protein space. Increasing venture capital investments, which are boosting the growth of plant-based product companies and growing focus of foremost meat producers to build up a portfolio of investments in plant, insect, and lab-grown meat protein space fuels the growth of the global alternative protein market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Protein Alternatives Market”, By Source (Plant Protein (Soy Protein, Wheat Protein, Pea Protein, and Other Plant Proteins), Mycoprotein, Algal protein, and Insect Protein), By Application (Food and Beverage, Dietary Supplements, Animal Feed & Pet Food, and Personal Care & Cosmetics), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global protein alternatives market accounted for US$ 11.5 billion in 2019 and is estimated to be US$ 25.1 billion by 2029 and is anticipated to register a CAGR of 8.2%. The market report has been segmented on the basis of source, application, and region.

By source, insect protein segment is expected to grow over the forecast period owing to its capability to satisfy the food need with the high nutrition for human consumption, growing familiarity with insects-as-food, increasing acceptance of insects and insect-based food among people, and appearance of large number of insect food companies across the world.
By application, the target market is classified into food and beverage, dietary supplements, animal feed & pet food, and personal care & cosmetics.
By region, The North American region is projected to lead the global alternative proteins market over the forecast period due to growing concern over animal products and protein, growing vegan population, and improved investment in protein alternative products.

Competitive Landscape:

The prominent player operating in the global protein alternatives market includes The Archer Daniels Midland Company, Cargill Incorporated, Glanbia PLC, Ingredion Incorporated, DuPont de Nemours Inc., Corbion NV, Kerry Inc., and Proti-Farm Holding NV, Entomo Farms, and Royal Avebe UA.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis

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