openPR Logo
Press release

Alternative Protein Market Projected to Reach $36.61 Billion by 2029

02-12-2024 03:10 PM CET | Food & Beverage

Press release from: Meticulous Research®

/ PR Agency: Meticulous Research
Alternative Protein Market Projected to Reach $36.61 Billion

[Redding, California , 12-02-2024] - Meticulous Research®, a distinguished leader in global market research, has unveiled its latest report titled "Alternative Protein Market: Exploring Diverse Types, Applications, and Future Trajectories." This comprehensive analysis forecasts the global alternative proteins market to surge at a significant CAGR of 12.4% from 2022 to 2029, reaching a valuation of $36.61 billion.

Download Sample Report :

The report delves into the nuanced dynamics shaping the alternative proteins landscape, attributing market growth to several key factors. These include the expanding global population coupled with heightened awareness of the myriad benefits offered by alternative proteins, a surge in venture investments channeled into alternative protein companies, the intrinsic nutritional value of edible insects, and the sustainability credentials that alternative proteins bring to the table.

Moreover, the escalating adoption of vegan diets presents a pivotal growth avenue for manufacturers operating in the alternative proteins domain. However, challenges such as the elevated cost of alternative proteins and prevailing consumer preferences for animal-based products pose significant obstacles to market expansion.

Have Any Query ? Speak To Our Analyst :

Key Market Segments:

Type: The alternative proteins market is segmented into plant proteins, insect proteins, and microbial proteins. While plant proteins currently dominate the market, the insect proteins segment is anticipated to register the highest growth rate during the forecast period, fueled by mounting demand for eco-friendly protein sources and increased investments in edible insect farming.

Application: Segments encompass plant protein-based applications, insect protein-based applications, and microbial protein-based applications. Plant protein-based applications presently command the largest market share, driven by burgeoning vegetarian and vegan populations, consumer demand for clean-label products, and substantial investments by plant-based product manufacturers. Conversely, insect protein-based applications are poised to witness the highest CAGR, propelled by the superior nutritional profile of insects and growing consumer acceptance of insect-based proteins.

Quick Buy @

Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America currently leads the market, driven by a burgeoning emphasis on sustainable protein production, an escalating vegan demographic, increasing investments in alternative protein products, and technological innovations within the food industry. Meanwhile, Asia-Pacific is forecasted to exhibit the highest CAGR, buoyed by heightened awareness regarding protein-rich diets, technological advancements in the food and beverage sector, rapid economic growth, and abundant raw material availability.

Prominent Market Players:

Archer Daniels Midland Company (U.S.),Cargill, Incorporated (U.S.),Roquette Frères (France),Ingredion Incorporated (U.S.),Kerry Group (Ireland),International Flavors & Fragrances, Inc. ,IFF) (U.S.),Now Foods (U.S.),Tate & Lyle Plc (U.K.),Axiom Foods Inc. (U.S.),Burcon NutraScience Corporation (Canada)

Contact :
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Alternative Protein Market Projected to Reach $36.61 Billion by 2029 here

News-ID: 3381521 • Views:

More Releases from Meticulous Research®

Mealworms Market Projected to Reach $1.27 Billion by 2030: A New Report by Meticulous Research®
Mealworms Market Projected to Reach $1.27 Billion by 2030: A New Report by Metic …
"Meticulous Research® Unveils Groundbreaking Study: 'Navigating the Growth Trajectory of the Mealworms Market'" Meticulous Research®, a distinguished leader in global market research, has recently launched an illuminating report titled 'Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)-Global Forecast to 2030.' Download Sample Copy Here: According to this comprehensive analysis by Meticulous Research®, the
Meat Market Set to Soar, Projected Worth Reaches $1,345.9 Billion by 2029
Meat Market Set to Soar, Projected Worth Reaches $1,345.9 Billion by 2029
Meticulous Research®, a distinguished leader in global market research, has unveiled its latest study entitled "Meat Market by Product Type (Processed Meat, Fresh Meat), Animal Type (Cattle and Buffalo, Pig, Poultry, Sheep, and Goat), by Distribution Channel (Business to Consumer (B2C), Business to Business (B2B)) - Global Forecast to 2029." Download Free Sample PDF Copy Here: According to this comprehensive report, the meat market is poised to reach a substantial value
Carotenoids Market Set to Reach $2.26 Billion by 2030
Carotenoids Market Set to Reach $2.26 Billion by 2030
Meticulous Research® Unveils Insights: Carotenoids Market Poised to Surpass $2.26 Billion by 2030 Meticulous Research®, a renowned global market research company, has recently released a comprehensive report titled "Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Zeaxanthin), Form (Beadlets, Liquid), Source (Synthetic, Natural), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, Pharmaceuticals) - Global Forecasts to 2030." This insightful report delves deep into the dynamics shaping the carotenoids market landscape, offering
Inspection Robots Market Set to Achieve $4.6 Billion by 2030
Inspection Robots Market Set to Achieve $4.6 Billion by 2030
Meticulous Research® Releases Groundbreaking Study on the Inspection Robots Market Meticulous Research®, a pioneering global market research firm, has unveiled its latest comprehensive research report titled "Inspection Robots Market by Type (Stationary, Mobile), Application (Visual, Ultrasonic, Photogrammetry, Laser Scanning, Thermal, Quality Inspection), End User (End Use Industry, Inspection Services), and Geography-Global Forecast to 2030." Download Sample Report Here: According to this authoritative report, the global inspection robots market is poised to

All 5 Releases

More Releases for Alternative

Dairy Alternative Market
The Global Dairy Alternative Market growth rate continues to gain remarkable momentum during the present decade. Manufacturers and users have acknowledged the nutritional efficacy of products offered by this industry. This is partially because of the efforts taken to expand the sources of dairy products to meet the heightened demand from growing population. However, the aggressive promotion of the trend for going vegan and animal-friendly is what delivered this market
Dairy Alternative Market
SAN FRANCISCO, May. 03, 2018 According to a new report published by Variant Market Research, the global dairy alternative market size is forecasted to reach $28,745 Million by 2025 from $10,709 million in 2017, growing at a 13.1% from 2017 to 2025. Geographically, the global dairy alternatives market is dominated by Asia-Pacific region. Click Here to Request
Alternative Payment Solution Skrill Market and Alternative Payment Solution Mast …
Alternative Payment Solution: Skrill and Masterpass Market the Report include basic information like information, scope, facts and industry chain overview, industry policies and plans, product specifications, manufacturing processes, cost structures and so on. Skrill is a global payments solution provider headquartered in London. It was founded in 2001 as Moneybookers, and renamed as Skrill in 2010. It allows users to store payment details in the Skrill digital wallet, which they can
Alternative Sweetener Market: Consumer Preference for Alternative HIS on the Ris …
Global Alternative Sweetener Market: Snapshot The global alternative sweetener market is likely to experience a modest but reliable rate of growth over the coming years. One of the key drivers in favor of the global alternative sweetener market currently is the increasing demand for healthier low-calorie foods, especially in urban areas of core market regions. Manufacturers in the market are trying to develop and launch multiple types of sugar substitutes, primarily
Alternative to Pesticide - Dynatrap
The nature’s bounty revel in man’s admiration, not in intervention. No wonder, we are living in an era where clean air and pure water will soon be a matter of past, finding its place only in school textbooks. Another alarming issue is the mounting problem of mosquitoes and mosquito-borne diseases with which the developing countries are grappling with. When the market is mushrooming with myriad options of mosquito repellents claiming
Alternative: Stud-Welding
Increased productivity and flexibility for the installation of pipe, tube, hose and cable clamps In many areas, stud welding is considered to be the most economic fastening method for components and is sometimes even the only technically feasible solution. Because the stud is joined with the substructure over the entire surface of the stud without any hollow areas, a high strength of the joint can be achieved. Stauff is now using this