Alternative Proteins Market Size, Share, Growth and Trends, Report 2024-2031

The Global Alternative Proteins Market was valued at US$ 25.7 Billion in 2023 and is expected to reach USD 81.9 Billion by 2031, exhibiting a CAGR of 15.6% during the forecast period (2024-2031).

The alternative proteins market refers to the sector of the food industry focused on developing and providing protein sources that are alternatives to traditional animal-based proteins. This market includes various types of proteins derived from non-animal sources or innovative methods that aim to provide sustainable, ethical, and health-conscious options.

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Market Dynamics:

Increasing inclination toward organic proteins

By 2050, the global population is projected to reach 9.7 billion. In North America and Europe, consumers are increasingly seeking sustainable and health-focused options, such as incorporating more plant-based proteins into their diets. As awareness of alternative proteins grows, they are gaining popularity in affluent countries. Historically, meat has been the main protein source in developed nations, and traditional protein consumption has expanded in developing economies recently. However, the organic alternative proteins market is experiencing growth due to shifting consumer preferences toward alternative protein sources driven by health, environmental, and animal welfare concerns. Plant proteins are well-positioned to meet this evolving demand as consumers seek more sustainable innovations in the supplement industry. Similarly, with more health-conscious consumers gravitating towards organic options, industry analysts anticipate significant opportunities for organic proteins. In 2018, sales of plant-based foods-the most common alternative protein source-rose by 17%, and the use of alternative proteins as food ingredients in consumer products is expected to continue increasing.

Segment Covered in the Alternative Proteins Market:

By Type: Organic, Inorganic.

By Source: Plant Protein, Mycoprotein, Insect Protein, Algal Protein, Cultured Meat, Others.

By Form: Dry, Liquid.

By Application: Food & Beverages, Animal Feed & Pet Food, Personal Care and Cosmetics, Pharmaceuticals, Others.

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Key players involved in Alternative Proteins Market:

• Koninklijke DSM N.V.
• Kerry Group
• DuPont
• Cargill, Incorporated
• Ÿnsect
• Ingredion Incorporated
• Emsland Group
• Cosucra Group
• Batory Foods
• Chapul

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Alternative Proteins Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Alternative Proteins Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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