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Alternative Protein Market

Alternative Protein Market Size, Share & Segmentation by source (Plant Protein ,Algae Protein, Insect Protein), by Application (Food and beverages, Dietary replacers, Animal feed), by Distribution Channel (Chemist, Supermarkets, Online store), by region and Global Forecast for 2023-2030

Report Id: SNS/F&B/2664 | January 2023 | Region: Global | 125 Pages

Report Scope & Overview:

Alternative Protein Market size was valued at USD 19.11 billion in 2022 and is expected to reach at USD 62.65 billion by 2030, and grow at a CAGR of 16% over the forecast period of 2023-2030.

The rise in demand for alternative Proteins is the driving factor for the alternative Protein market. There are many other factors which contribute to the rise in demand for the alternative market the major ones include the interest of the investors in this market as the demand and the consumption of alternative Protein market is increasing. The nutrients present in alternative Protein and the health benefits which comes after the consumption of alternative Protein is the driving factor of the alternative Protein market. As the adaptation of the veganism trend is going all around the globe the demand for alternative Protein is very high. Alternative Protein is also considered as the substitute for meat-based Protein. The meat-based Protein may have an adverse effect due to the unhygienic and side effects of consuming meat-based Protein; alternative Protein is mainly considered clean Protein. The rise of cardiovascular diseases due to the increase in cholesterol levels and obesity issues is also the driving factor for alternative Protein as the demand increases, People are getting aware due to the results of alternative Protein.

Alternative Protein Market Bar Graph

Impact Of covid 19

Covid 19 had a good impact on the alternative market due to the rise in demand. The major reason behind the growth was the rise in awareness of the zoonotic viral disease, according to the experts the consumption of alternative Protein leads to helping reduce the symptoms which gave alternative Protein a boom. The rise in the awareness of the alternative Protein and the micronutrient antioxidants present in the alternative Protein was the driving factor for the alternative Protein market during the covid 19. During covid, 19 consumption of healthy food was the priority and the improvement of the immune system because of which alternative Protein demand increased, meat-based Protein was not an option for vegetarians so alternative Protein was considered a better option.

Market Dynamics

Drivers 

  • Rise in awareness about alternative Protein all around the globe.

  • Rise in the consumption of alternative Proteins because of the micronutrients and antioxidants present in them.

Restrain 

  • The rules and the regulations from the government and also the problems of indigestion after the consumption of alternative Protein.

Opportunities 

  • Increase in technological advancement in the food and beverage sector.

  • The acceptance and ongoing veganism trend all around the globe.

Challenges 

  • The other available option like plant-based Protein.

  • The perception of people regarding the benefits associated with meat-based Protein.

  • Stringent regulatory compliances.

Impact of Russia Ukraine War 

The supply chain problems due to the global route’s disruptions are the major concern for the alternative Protein market. The restrictions which were imposed by the governments regarding the exports and imports caused a negative impact on the alternative Protein market which also led to the problem of price fluctuation for basic commodities and resources, whereas an increase in prices of transportation also had a direct impact on the alternative Protein market.

Impact of the ongoing recession 

According to the experts during the recession alternative Protein is said to work as an alternative option for meat-based Protein because of the price difference between the alternative Protein and meat-based Protein. The buying pattern among the consumers will lead to a positive effect on the alternative Protein market. The mild recession won’t have a great impact on the buying decisions of consumers as experts say the importance of consuming Protein-based foods is increasing day by day. 

Key Market Segmentation:

By Source

  • Plant Protein

  • Algae Protein

  • Insect Protein

By application

  • Food and beverages  

  • Dietary replacers

  • Animal feed

Distribution channel

  • Chemist

  • Supermarkets

  • Online store

Alternative Protein Market Segment Chart

Regional Analysis

North America is said to have the highest share of the alternative Protein market compared to the other regions due to the increase in the awareness of the health benefits of the consumption of alternative Protein, also the increase in the ongoing trend of veganism in the developed cities of North America.

APAC is also considered to be a growing region due to the adaption of alternative Protein and the rise in awareness of the benefits of consuming Protein-based Protein the technological advancement in the food and beverage industry is the major driving factor for alternative-based Protein.

By Region

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players

The major key players are Farbest brands, Mycotechnology, Kerry group plc, String Bio, Calysta inc, Cargill incorporated, Archer Daniels midland company, Glanbia Plc, Axiom foods, Armstrong cricket farm georgia, beneo GmbH, Roquette ferres, now foods, tate and lyle, Angel yeast co.

Alternative Protein Market Report Scope 2023-2030
Report Attributes Details
Market Size in 2022  US$ 19.11 Bn
Market Size by 2030  US$ 62.65 Bn
CAGR   CAGR of 16% From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2018-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By source (Plant Protein, Algae Protein, Insect Protein)
• By Application (Food and beverages, Dietary replacers, Animal feed)
• By Distribution Channel (Chemist, Supermarkets, Online store)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Farbest brands, Mycotechnology, Kerry group plc, String Bio, Calysta inc, Cargill incorporated, Archer Daniels midland company, Glanbia Plc, Axiom foods, Armstrong cricket farm georgia, beneo GmbH, Roquette ferres, now foods, tate and lyle, Angel yeast co.
Key Drivers • Rise in awareness about alternative Protein all around the globe.
• Rise in the consumption of alternative Proteins because of the micronutrients and antioxidants present in them.
Market Opportunities • Increase in technological advancement in the food and beverage sector.
• The acceptance and ongoing veganism trend all around the globe.

 


Frequently Asked Questions (FAQ) :

The base value for this market is USD 19.11 billion in 2022.

The rules and the regulations from the government and also the problems of indigestion after the consumption of alternative Protein.

North America will dominate this market followed by APAC also showing good growth for the alternative Protein market.

The buying pattern among the consumers will lead to a positive effect on the alternative Protein market as consumers will look for the less expensive available options.

Increase in technological advancement in the food and beverage sector. The acceptance and ongoing veganism trend all around the globe.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Alternative Protein Market Segmentation, by Source

8.1 Plant Protein

8.2 Algae Protein

8.3  Insect Protein

 

9. Alternative Protein Market Segmentation, by Application

9.1 Food and beverages

9.2 Dietary replacers

9.3 Animal feed

 

10 Alternative Protein Market Segmentation, by Distribution Channel

10.1 Chemist

10.2 Supermarkets

10.3 Online store

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.1.1 USA Alternative Protein Market by Source

11.2.1.2 USA Alternative Protein Market by Application

11.2.1.3 USA Alternative Protein Market by Distribution Channel

11.2.2 Canada

11.2.2.1 Canada Alternative Protein Market by Source

11.2.2.2 Canada Alternative Protein Market by Application

11.2.2.3 Canada Alternative Protein Market by Distribution Channel

11.2.3 Mexico

11.2.3.1 Mexico Alternative Protein Market by Source

11.2.3.2 Mexico Alternative Protein Market by Application

11.2.3.3 Mexico Alternative Protein Market by Distribution Channel

 

11.3 Europe

11.3.1 Germany

11.3.1.1 Germany Alternative Protein Market by Source

11.3.1.2 Germany Alternative Protein Market by Application

11.3.1.2 Germany Alternative Protein Market by Distribution Channel

 

11.3.2 UK

11.3.2.1 UK Alternative Protein Market by Source

11.3.2.2 UK Alternative Protein Market by Application

11.3.2.3 UK Alternative Protein Market by Distribution Channel

 

11.3.3 France

11.3.3.1 France Alternative Protein Market by Source

11.3.3.2 France Alternative Protein Market by Application

11.3.3.3 France Alternative Protein Market by Distribution Channel

 

11.3.4 Italy

11.3.4.1 Italy Alternative Protein Market by Source

11.3.4.2 Italy Alternative Protein Market by Application

11.3.4.3 Italy Alternative Protein Market by Distribution Channel

 

11.3.5 Spain

11.3.5.1 Spain Alternative Protein Market by Source

11.3.5.2 Spain Alternative Protein Market by Application

11.3.5.3 Spain Alternative Protein Market by Distribution Channel

 

11.3.6 The Netherlands

11.3.6.1 Netherlands Alternative Protein Market by Source

11.3.6.2 Netherlands Alternative Protein Market by Application

11.3.6.3 Netherlands Alternative Protein Market by Distribution Channel

 

11.3.7 Rest of Europe

11.3.7.1 Rest of Europe Alternative Protein Market by Source

11.3.7.2 Rest of Europe Alternative Protein Market by Application

11.3.7.3 Rest of Europe Alternative Protein Market by Distribution Channel

 

11.4 Asia-Pacific

11.4.1 Japan

11.4.1.1 Japan Alternative Protein Market by Source

11.4.1.2 Japan Alternative Protein Market by Application

11.4.1.3 Japan Alternative Protein Market by Distribution Channel

 

11.4.2 South Korea

11.4.2.1 South Korea Alternative Protein Market by Source

11.4.2.2 South Korea Alternative Protein Market by Application

11.4.2.3 South Korea Alternative Protein Market by Distribution Channel

 

11.4.3 China

11.4.3.1 China Alternative Protein Market by Source

11.4.3.2 China Alternative Protein Market by Application

11.4.3.3 China Alternative Protein Market by Distribution Channel

 

11.4.4 India

11.4.4.1 India Alternative Protein Market by Source

11.4.4.2 India Alternative Protein Market by Application

11.5.4.3 India Alternative Protein Market by Distribution Channel

 

11.4.5 Australia

11.4.5.1 Australia Alternative Protein Market by Source

11.4.5.2 Australia Alternative Protein Market by Application

11.4.5.3 Australia Alternative Protein Market by Distribution Channel

 

11.4.6 Rest of Asia-Pacific

11.4.6.1 APAC Alternative Protein Market by Source

11.4.6.2 APAC Alternative Protein Market by Application

11.4.6.3 APAC Alternative Protein Market by Distribution Channel

 

11.5 The Middle East & Africa

11.5.1 Israel

11.5.1.1 Israel Alternative Protein Market by Source

11.5.1.2 Israel Alternative Protein Market by Application

11.5.1.3 Israel Alternative Protein Market by Distribution Channel

 

11.5.2 UAE

11.5.2.1 UAE Alternative Protein Market by Source

11.5.2.2 UAE Alternative Protein Market by Application

11.5.2.3 UAE Alternative Protein Market by Distribution Channel

 

11.5.3 South Africa

11.5.3.1 South Africa Alternative Protein Market by Source

11.5.3.2 South Africa Alternative Protein Market by Application

11.5.3.3 South Africa Alternative Protein Market by Distribution Channel

 

11.5.4 Rest of Middle East & Africa

11.5.4.1 Rest of Middle East & Asia Alternative Protein Market by Source

11.5.4.2 Rest of Middle East & Asia Alternative Protein Market by Application

11.5.4.3 Rest of Middle East & Asia Alternative Protein Market by Distribution Channel

 

11.6 Latin America

11.6.1    Brazil

11.6.1.1 Brazil Alternative Protein Market by Source

11.6.1.2 Brazil Africa Alternative Protein Market by Application

11.6.1.3 Brazil Alternative Protein Market by Distribution Channel

 

11.6.2    Argentina

11.6.2.1 Argentina Alternative Protein Market by Source

11.6.2.2 Argentina Alternative Protein Market by Application

11.6.2.3 Argentina Alternative Protein Market by Distribution Channel

11.6.3 Rest of Latin America

11.6.3.1 Rest of Latin America Alternative Protein Market by Source

11.6.3.2 Rest of Latin America Alternative Protein Market by Application

11.6.3.3 Rest of Latin America Alternative Protein Market by Distribution Channel

 

 

12 Company Profile

 

12.1 Farbest brands

12.1.1 Market Overview

12.1.2 Financials

12.1.3 Product/Services/Offerings

12.1.4 SWOT Analysis

12.1.5 The SNS View

 

12.2 Mycotechnology

12.2.1 Market Overview

12.2.2 Financials

12.2.3 Product/Services/Offerings

12.2.4 SWOT Analysis

12.2.5 The SNS View

 

 

12.3 Kerry group plc

12.3.1 Market Overview

12.3.2 Financials

12.3.3 Product/Services/Offerings

12.3.4 SWOT Analysis

12.3.5 The SNS View

 

12.4 String Bio

12.4.1 Market Overview

12.4.2 Financials

12.4.3 Product/Services/Offerings

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5Calysta inc,

12.5.1 Market Overview

12.5.2 Financials

12.5.3 Product/Services/Offerings

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Cargill incorporated,

12.6.1 Market Overview

12.6.2 Financials

12.6.3 Product/Services/Offerings

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 Archer Daniels midland company,

12.7.1 Market Overview

12.7.2 Financials

12.7.3 Product/Services/Offerings

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Glanbia Plc,

12.8.1 Market Overview

12.8.2 Financials

12.8.3 Product/Services/Offerings

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9Axiom foods

12.9.1 Market Overview

12.9.2 Financials

12.9.3 Product/Services/Offerings

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Armstrong cricket farm Georgia

12.10.1 Market Overview

12.10.2 Financials

12.10.3 Product/Services/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

12.11 beneo GmbH, Roquette ferres

12.11.1 Market Overview

12.11.2 Financials

12.11.3 Product/Services/Offerings

12.11.4 SWOT Analysis

12.11.5 The SNS View

12.12 Now foods

12.12.1 Market Overview

12.12.2 Financials

12.12.3 Product/Services/Offerings

12.12.4 SWOT Analysis

12.12.5 The SNS View

12.13 tate and lyle,

12.13.1 Market Overview

12.13.2 Financials

12.13.3 Product/Services/Offerings

12.13.4 SWOT Analysis

12.13.5 The SNS View

12.14 Angel yeast co

12.14.1 Market Overview

12.14.2 Financials

12.14.3 Product/Services/Offerings

12.14.4 SWOT Analysis

12.14.5 The SNS View

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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