"Forecasting the Future: Alternative Protein Market Set to Reach $40.7 Billion by 2030"

Meticulous Research®, a prominent global market research company, has released a comprehensive report titled "Alternative Protein Market by Type (Plant protein, Insect protein, Microbial protein), Application (Food & Beverage, Animal Feed, Nutraceuticals), and Geography - Global Forecast to 2030." According to this latest publication, the alternative protein market is projected to grow significantly, reaching a value of $40.7 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 13% from 2023 to 2030.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=4985

The growth of the alternative protein market is attributed to several key factors, including rapid urbanization, increasing consumer aspirations, rising venture investments in the industry, innovations in food technologies, the nutritional value of edible insects, and the environmental sustainability of alternative protein production and consumption.

However, challenges such as higher costs compared to conventional protein sources and consumer preferences for animal-based products are noted as potential restraints. Nevertheless, the increasing consumer inclination towards plant-based foods presents substantial growth opportunities for market players.

The report also highlights key players in the global alternative protein market, including Archer-Daniels-Midland Company, Cargill, Roquette Frères, Ingredion Incorporated, Kerry Group plc, and others.

Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=4985

The alternative protein market study provides historical market data for 2021 and 2022, estimated current data for 2023, and forecasts up to 2030. It segments the market by type, application, and geography, showcasing the dominance of plant protein in 2023 with expectations of significant growth in the insect protein segment during the forecast period.

North America is expected to lead the market in 2023, driven by sustainability concerns, a rising vegan population, increased investments, and technological advancements in the food industry.

For more detailed insights and to access the full report, please visit the Meticulous Research® website or contact their research experts directly.

TOP 10 COMPANIES IN ALTERNATIVE PROTEIN MARKET >> https://meticulousblog.org/top-10-companies-in-alternative-protein-market/

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

About Us:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.