Alternative Proteins Market Gains Traction Amid Rising Veganism Climate Concerns and Changing Dietary Preferences

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Alternative Proteins Market- by Product (Pea Protein, Soy Protein, Cultured Meat, Mycoprotein, Insect Protein, Whey Protein, Alternative Dairy and Others (Grains, Mushrooms, etc)), Application (Foods and Beverage, Animal Feed, Nutrition and Health Supplements and Others (Pharmaceuticals, etc)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

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According to the latest research by InsightAce Analytic, the global Alternative Proteins market is valued at USD 16.9 Bn in 2024, and it is expected to reach USD 53.2 Bn by the year 2034 with a CAGR of 12.2% during a forecast period of 2025-2034.

Alternative proteins are high-protein substances derived from non-traditional sources such as plants, insects, fungi, and tissue cultures, offering viable replacements for conventional animal-based proteins. The global alternative proteins market comprises several key categories, including plant-based proteins, algal proteins, mycoproteins, and insect proteins. Within the plant-based segment, subcategories include soy, pea, wheat, and other plant-derived proteins. Products such as Beyond Meat and Impossible Burger have garnered significant consumer interest, largely driven by heightened awareness of animal welfare and an increased commitment to reducing environmental impact. As a result, numerous new entrants have emerged in the market, offering a range of comparable products to meet growing consumer demand.

Changing dietary preferences, particularly among millennials, have significantly contributed to the market's expansion. This demographic group is increasingly adopting flexitarian, vegetarian, and vegan diets, thereby fueling demand for alternative protein products. Stakeholders across the food supply chain-from agricultural producers to retailers-are actively leveraging these evolving consumption trends. The market is further benefiting from a rise in venture capital funding for alternative protein startups, technological innovations in food manufacturing, the high nutritional value of edible insects, and the overall environmental sustainability of alternative protein sources.

Research and development initiatives, along with the growing popularity of plant-based lifestyles, are expected to continue propelling market growth. However, challenges remain, particularly in relation to the high production costs of alternative proteins and the persistent consumer preference for animal-derived products.

North America is anticipated to retain a leading position in the global alternative proteins market, driven by increasing focus on sustainable food production, ethical considerations surrounding animal agriculture, a growing health-conscious population, and the expansion of the vegan demographic. The region's leadership is further reinforced by rising investments and continuous advancements in food technology. Meanwhile, the Asia-Pacific region is projected to exhibit rapid growth during the forecast period, supported by robust economic development, innovation in food and beverage processing, abundant availability of raw materials, and increasing awareness of the health benefits associated with protein-rich diets.

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Major market players operating in the Alternative Proteins market include
AlgaeCan Biotech Ltd., Algatechologies Ltd., Archer Daniels Midland Company, Cargill Incorporated, Cellana Inc., Cellular Revolution, Clear, Meat, CHS Inc., Coalo Vally Farms, Corbion NV, DIC Corporation, E.I. Dupont de Nemours and Company, Armstrong Cricket Farm Georgia, Aspire Food Group, AXIOM Foods Inc., BENEO GmbH, BlueBioTech Int. GmbH, Burcon NutraScience Corporation, E.I.D. - Parry, Enterra Feed Corporation, EntoCube, Entofood, Sdn Bhd., Entomo Farms, EnviroFlight LCC., Maple Leaf Foods, The Vegetarian Butcher, MycoTechnology Inc., Now foods, Parabel Inc., Plantible Foods Inc., Pond Technologies Inc., Farbest Brands, Glanbia Plc, Global Bugs, Asia Co. Ltd., Ingredion Inc, Aleph Farms Ltd. , Finless Foods Inc. , Avant Meats, Company Limited, Balletic Foods, BlueNalu, Inc., Beyond Meat, Impossible Food Inc., Proti-Farm Holding NV, Protix, Rocky Mountain Micro Ranch, Roquette Frères Le Romain, Sotexpro, Sun Chlorella Corporation, Taiwan Chlorella Manufacturing Company, Gardein Protein International (Pinnacle Foods), Morningstar Farms, Quorn Foods, Amy's Kitchen, Tofurky, Gold&Green Foods Ltd., Sunfed, VBites Foods Limited, Biotech Foods SL, Future Meat Technologies Ltd., Appleton Meats, Higher Steaks, Tate & Lyle Plc, Tianjin Norland Biotech Co. Ltd, Tiny Farms, Ynsect, Novel Farms, Inc., Fork & Goode, New Age Meats, ORF Genetics, Lab Farm Foods, Mosa Meat, Memphis Meats, Peace of Meat, Wild Earth, Turtle Tree Labs, Integriculture Inc, Shiok Meats Pte. Ltd., Supermeat , Just, Inc., The Better Meat Co., Biofood Systems LTD., Lightlife Foods, Field Roast, Naturli' Foods A/S, Schouten, Sweet Earth Foods and Impossible Foods among others.

Recent collaborations and agreements in the market:
• In February 2022, Kerry Inc. announced a deal to buy 92 per cent of c-LEcta GmbH's shares, with management keeping the remaining assets. c-LEcta GmbH has established itself as a prominent pioneer in the pharmaceutical sector with a strong portfolio of tailored bioactive compounds for food, beverage, and a variety of customer industries. This acquisition will help Kerry Inc. continue to invest in the creation of cutting-edge, environmentally friendly technologies.
• In April 2021, in Singapore, Archer Daniels Midland opened a brand-new, cutting-edge research facility that will be entirely devoted to studying plant-based proteins. In order to address the rising demand from the food and beverage industry in the Asia Pacific area, the company will be able to enhance the commercial production of an alternative protein with the aid of the new facility.
• In April 2021, the start-up Bflike, developed by BOX NV, is a new technology leader in the quickly growing categories of fish and meat substitutes. Cargill invested in this company. The cooperation agreement combines Cargill's food ingredient solutions with Bflike's technology and recipes to give retailers and food producers the chance to promote scrumptious and reasonably priced plant-based goods.

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Market Segments
Global Alternative Proteins Market, by Product, 2022-2030 (Value US$ Mn)
• Pea Protein
• Soy Protein
• Cultured Meat
• Mycoprotein
• Insect Protein
• Whey Protein
• Alternative Dairy
• Others (grains, mushrooms, etc)
Global Alternative Proteins Market, by Application, 2022-2030 (Value US$ Mn)
• Foods and Beverage
• Animal Feed
• Nutrition and Health Supplements
• Others (Pharmaceuticals, etc)
Global Alternative Proteins Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Alternative Proteins Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Alternative Proteins Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Alternative Proteins Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Alternative Proteins Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Alternative Proteins Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Alternative Proteins market
 To receive an industry overview and future trends of the Alternative Proteins market
 To analyze the Alternative Proteins market drivers and challenges
 To get information on the Alternative Proteins market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Alternative Proteins market industry

Read Overview Report- https://www.insightaceanalytic.com/report/global-alternative-proteins-market/1085

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This release was published on openPR.