Protein Alternatives Market

Report Code FB 9057
Published in Jun, 2024, By MarketsandMarkets™
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Protein Alternatives Market by Source (Plant Protein, Microbial Protein, Insect Protein), Application (Food & Beverages, Animal Feed, Pet Food), Form, Nature, Production Process (Qualitative), & Region - Global Forecast to 2029

Overview

The global protein alternatives market is estimated at USD 15.7 billion in 2024; it is projected to grow at a CAGR of 9.9% to reach USD 25.2 billion by 2029. The protein alternatives market has experienced rapid growth and diversification in recent years, driven by increasing consumer demand for sustainable, health-conscious, and ethically produced food options. Key drivers of this market include rising concerns over the environmental impact of traditional animal agriculture, health benefits associated with plant-based diets, and ethical considerations regarding animal welfare. Major segments within the protein alternatives market include plant-based proteins, insect-based proteins, microbial protein. Companies like Beyond Meat, Impossible Foods, and Oatly have become household names, reflecting the mainstream acceptance and expanding consumer base for these products. Technological advancements and significant investments from both food industry giants and venture capitalists have further accelerated the development and accessibility of innovative protein alternatives.

Attractive Opportunities in the Protein Alternatives Market

ASIA PACIFIC:

The protein alternatives market in APAC is witnessing growth due to consumers' growing health consciousness and their awareness of the environmental impact of traditional meat production.

Increasing pressure to reduce healthcare expenditures, growing demand for dietary supplements, and the rising popularity of health-conscious diets are pivotal factors fueling market expansion.

Collaborations and the introduction of new products are expected to present profitable prospects for industry participants in the coming five years.

The APAC protein alternatives market is witnessing significant investments in research and development, leading to innovations in protein alternatives production techniques, and applications. This fosters growth and enhances the competitiveness of the region in the global protein alternatives market.

The market for protein alternatives is projected to record the CAGR of 9.9% during the study period, to reach USD 25.2 billion by 2029.

Global Protein Alternatives Market Dynamics

DRIVER: Increasing Demand for Alternate Protein

The increasing global population underscores the necessity for alternative protein sources. Over the past decade, significant efforts have focused on developing proteins from non-traditional crops and livestock. This trend is particularly noticeable in Europe and North America, where consumer interest and investment in alternative proteins have surged. The conventional sources of animal protein like pork, beef, and chicken are projected to be insufficient to meet future demands, creating opportunities for the expansion of the insect protein market. In addition to proteins and fats, insects are valued for their rich mineral and vitamin content. Among younger demographics, particularly in sports nutrition, insect proteins, such as cricket flour, are gaining popularity and are being incorporated into various nutritious food products. For instance, startups like Next Step Foods in the UK produce cricket protein bars like "Yuana" available in multiple flavors.The shift to alternative proteins also promises environmental benefits, notably in reducing greenhouse gas emissions compared to traditional meat production, as highlighted by the World Economic Forum in 2019. Moreover, adopting alternative proteins addresses diet-related health concerns in developing countries and promotes healthier lifestyles in developed regions such as North America and Europe. These areas have already embraced alternative protein sources such as edible insects, plant-based meat, plant protein ingredients, and cultured meat. Industry experts predict significant market growth potential for these products, with cultured and plant-based meat alone expected to see over 40% growth in the coming years.In 2022, a study funded by the European Regional Development Fund revealed that 22% of UK consumers preferred alternative protein sources over meat, with the younger demographic showing an even higher preference exceeding 25%. These trends underscore the growing market opportunities in the insect protein sector.

RESTRAINT: Microbial Risk and Allergic Reactions

Food allergies are widespread globally and have seen increased prevalence. While insects offer nutritional benefits, their introduction into food and feed poses potential allergic risks for both animals and humans. Due to the novelty of incorporating insects into diets, understanding and treating these allergies is currently limited, thereby raising concerns for consumers. Risks associated with insect consumption include possible contamination by chemicals like heavy metals and microbiological agents. Moreover, certain insects can elicit allergic reactions through ingestion, inhalation, direct contact, stings, and bites. Cross-reactivity with allergens from related foods such as crustaceans and environmental allergens like dust mites further complicates the allergy landscape associated with insect consumption.Research from the University of Nottingham's School of Biosciences and Department of Nutritional Sciences highlights that in North-eastern Thailand's Isan region, approximately 7.4% of individuals reported adverse reactions to edible insects, with 14.7% experiencing multiple reactions. Notably, 46.2% of those affected had pre-existing food allergies exacerbated by insect consumption. Gastrointestinal symptoms such as diarrhea and vomiting were commonly reported. This underscores the significant allergy-related challenges facing insect protein adoption, particularly in Western cultures.

 

OPPORTUNITY: Changes in consumer lifestyles

The global population's expansion is placing heightened strain on limited resources, with escalating energy prices and raw material expenses impacting food costs, particularly affecting lower-income demographics. Additionally, the strain on food resources is being intensified by water scarcity, notably prevalent across Africa and Northern Asia. Within the Asia Pacific region, there exists a cost advantage in terms of both production and processing, fostering high demand and offering favorable conditions for dairy alternative suppliers and manufacturers to target this market.As lifestyles evolve rapidly, there's a noticeable shift towards more nutritious and health-conscious food options. The distinction between fast food and junk food is anticipated to grow, with consumers increasingly seeking quick yet wholesome alternatives. Recognizing naturally rich nutritional products presents a significant opportunity for suppliers and manufacturers to meet evolving consumer preferences.Furthermore, the rise in disposable incomes is driving demand for convenient, healthy, and highly nutritious products across Asia Pacific nations. Emerging economies within the region present substantial opportunities for growth within the protein alternatives market.

CHALLENGE: Replicating meat and dairy textures challenges due to consumer expectations

Developing plant-based proteins that convincingly replicate the taste, texture, and mouthfeel of traditional meat and dairy products is a multifaceted challenge in the protein alternatives market. Meat and dairy products are deeply ingrained in culinary cultures worldwide, and consumers have well-established expectations regarding their sensory experiences. Mimicking the savory umami flavor, juicy texture, and tender bite of meat, for example, requires intricate formulation of plant proteins and other ingredients. Achieving a similar experience to dairy products like cheese or yogurt involves not just replicating taste but also mimicking the creamy texture and richness that dairy fats impart.Texture plays a crucial role in consumer acceptance of plant-based alternatives. The fibrous structure of meat or the smooth consistency of dairy products is often difficult to replicate with plant-derived ingredients alone. Innovations in food science have led to the development of techniques such as extrusion, fermentation, and blending of proteins to enhance texture and mouthfeel. However, balancing these efforts with clean label requirements and natural ingredient preferences adds another layer of complexity. Moreover, ensuring that these products remain stable during cooking or processing without compromising taste or texture is a continuous challenge that requires ongoing research and development.

Global Protein Alternatives Market Ecosystem Analysis

Prominent companies in this market include well-established, financially stable manufacturers of protein alternatives. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include ADM (US), Cargill Incorporated (US), International Flavors & Fragrances Inc. (US), Roquette Frères (France), Ingredion (US), Wilmar International Ltd. (Singapore).

 

Based on nature, the organic sub segment is estimated to grow at the fastest CAGR during the studied period.

Consumers are increasingly turning towards plant-based and organic protein sources as they become more health-conscious and environmentally aware. This shift is driven by concerns over animal welfare, sustainability, and the desire for cleaner, healthier eating options. Organic protein alternatives, such as plant-based meats, dairy substitutes, and protein-rich grains like quinoa and lentils, are gaining popularity due to their perceived health benefits and minimal environmental impact. Companies in this sector are innovating rapidly to meet rising demand, offering a diverse range of products that cater to various dietary preferences and nutritional needs. As a result, the protein alternatives market is not only expanding in size but also evolving in terms of product offerings and market reach.Moreover, the growth in the protein alternatives market is bolstered by changing consumer behaviors and preferences towards more sustainable lifestyles. As awareness of climate change and resource depletion increases, consumers are seeking out products that align with their values of sustainability and ethical sourcing. Protein alternatives not only offer a viable substitute to traditional animal-based proteins but also often boast certifications that ensure they are produced using environmentally friendly practices. This growing market trend is attracting investment from both established food companies and startups alike, driving further innovation and market expansion. Overall, the organic nature of the protein alternatives market reflects a broader societal shift towards healthier, more sustainable food choices, shaping the future landscape of the food industry.

The feed application in the protein alternatives market is forecasted to register the most significant CAGR over the projected period.

The demand for protein alternatives in animal feed is steadily increasing, reflecting the rising consumption of various products in developed countries. North America and Asia Pacific are key players in both livestock production and feed consumption. While plant-based sources have been utilized in the food industry for some time, they have typically been processed and used in a relatively basic protein form. However, there is a noticeable trend towards the development of higher-quality protein-based feeds, such as isolates, indicating an improvement in feed quality. Insect proteins, increasingly favored in poultry and aquaculture feeds, and microbial proteins, widely integrated into compound premixes to enhance nutritional profiles, are gaining traction. This shift towards alternative protein sources in feed applications is driven by mounting concerns about sustainable agricultural practices aimed at reducing the environmental impact of future food production.In March 2022, Global Bugs' (Thailand) successful partnership with Smart Vet Group (Thailand) highlighted a strategic move towards meeting the rising market demand for alternative protein sources in pet food. By focusing on formulating and producing pet foods and supplements containing whole roasted crickets and cricket powder, they are tapping into a growing trend where consumers are increasingly seeking sustainable and nutritious options for their pets. This collaboration not only underscores the potential of insect-based proteins in the pet food industry but also demonstrates a commitment to innovation and meeting evolving consumer preferences.

ASIA PACIFIC region holds the largest share of the Protein Alternatives Market.

The protein alternatives market in the Asia Pacific region is witnessing rapid expansion, driven by heightened consumer awareness of health benefits, immunity enhancement, and environmental sustainability. This shift towards protein sources beyond traditional animal products underscores a growing recognition of the health advantages associated with plant-centric diets, including lower risks of chronic illnesses and bolstered immune systems. Concurrently, rising concerns over environmental sustainability, such as the impact of animal agriculture on carbon emissions and land use, are prompting consumers to adopt plant-based alternatives. This evolving trend is bolstered by advanced food technologies that offer a diverse array of plant-based protein products tailored to meet the region's diverse culinary preferences. Consequently, the Asia Pacific region is emerging as a significant force in shaping the global protein alternatives market, poised for sustained growth and continuous innovation in the foreseeable future.

 
 

Recent Developments of Protein Alternatives Market industry

  • In January 2024, Ÿnsect became the first company authorized to commercialize mealworm proteins for dog food in the United States as of January 24, 2024. This milestone allows Ÿnsect to expand its sustainable insect protein offerings into the US pet food market, meeting the rising consumer demand for eco-friendly pet nutrition. This authorization is expected to enhance Ÿnsect's market presence and support the trend of using insect-based proteins in pet food. In February 2024, Roquette expanded its Nutralys plant protein line by launching four new pea protein products, encompassing isolates, hydrolysates, and textured variants. These versatile pea proteins are designed to address formulation challenges in plant-based foods and high-protein nutritional products. They pave the way for innovation in various items, including nutritional bars, protein beverages, and plant-based meat and dairy alternatives. In May 2023, ADM and Air Protein established a Strategic Development Agreement (SDA) to jointly develop innovative protein sources for nutrition. Air Protein produces protein through air-based techniques that bypass traditional agriculture and farmland, mitigating supply chain risks. This collaboration combines ADM's expertise in nutrition, formulation, and research with Air Protein's pioneering landless agriculture platform to enhance cost-effective protein ingredients for North American meat substitutes. The partnership includes plans to build and run the world's first commercial-scale Air Protein plant. ADM's investment, along with contributions from other partners, has been pivotal in advancing Air Protein's technology, including its Bay Area Air Farm. This agreement underscores the companies' dedication to sustainable food systems and addresses the growing global demand for protein.
  • In June 2022, AMCO Proteins (US) acquired a 40,000-square-foot facility in Mountain Top, Pennsylvania, which includes five food-grade production rooms and storage space for over 500 pallets. This new facility is anticipated to boost and expand the company's spray drying, blending, and milling operations, thereby enhancing its business capabilities in these areas. In April 2022, ADM made a strategic investment of USD 300 million to enhance alternative protein production at its Decatur, Illinois plant, aiming to double the facility's soy extrusion capacity. This investment also includes the construction of a Protein Innovation Center, equipped with labs, test kitchens, and pilot-scale production facilities, to strengthen the company's R&D capabilities. In September 2021, Roquette Frères inaugurated a new plant-protein center of expertise in Vic-Sur-Aisne. This strategic initiative aimed to strengthen the company's R&D capabilities and help them adapt to the evolving needs of their customers.

Key Market Players

KEY PLAYERS IN THE Protein Alternatives Market INCLUDE

  • Tate & Lyle PLC (London)
  • Kerry Group PLC (Ireland)
  • DSM Firmenich (Switzerland)
  • ADM (US)
  • Cargill Incorporated (US)
  • International Flavors & Fragrances Inc. (US)
  • Ingredion (US)
  • Roquette Frères (France)
  • Wilmar International Ltd. (Singapore)
  • Glanbia plc (Ireland)
  • Kerry Group PLC (Ireland)
  • DSM-Firmenich (Switzerland)
  • AGT Food and Ingredients (Canada)
  • Burcon (Canada)
  • Ynsect (France)
  • Global bugs (Thailand)
  • Innovafeed (France)
  • BENEO GmbH (Germany)
  • SOTEXPRO (France)
  • Shandong Jianyuan Group (China)
  • AMCO Proteins (US)
  • Australian Plant Proteins Pty Ltd (Australia)
  • nextProtein (France)
  • Mycorena (Sweden)
  • Burcon NutraScience Corporation (Canada)
  • Emsland Group (Germany)
  • COSUCRA (Belgium) and Hexafly (Ireland)

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Scope of the Report

Report Attribute Details
Market size estimation 2024–2029
Base year considered 2023
Forecast period considered 2024–2029
Units considered Value (USD), Volume (KT)
Segments Covered By Source, By Form, By Nature, By Application, By Production process (qualitative) and By Region
Regions covered North America, Europe, Asia Pacific, South America, and RoW
Companies studied Key Players: ADM (US) Cargill Incorporated (US) International Flavors & Fragrances Inc. (US) Ingredion (US) Roquette Frères (France) Wilmar International Ltd. (Singapore) Glanbia plc (Ireland) Kerry Group PLC (Ireland) DSM (Netherlands) AGT Food and Ingredients (Canada) Tate & Lyle (UK) Burcon (Canada) InnovaFeed (France) Global bugs (Thailand) Ynsect (France) Other Players: BENEO GmbH (Germany) SOTEXPRO (France) Shandong Jianyuan group (China) AMCO Proteins (US) Emsland Group (Germany) COSUCRA (Belgium) Australian Plant Proteins Pty Ltd (Australia) PURIS (US) Mycorena (Sweden) nextProtein (France) Hexafly (Ireland)

 

Key Questions Addressed by the Report

What is the current size of the protein alternatives market?
The protein alternatives market is estimated at USD 15.7 billion in 2024 and is projected to reach USD 25.2 billion by 2029, at a CAGR of 9.9% from 2024 to 2029.
Which are the key players in the market, and how intense is the competition?
The key players in this market include ADM (US), Cargill Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Roquette Frères (France), Wilmar International Ltd. (Singapore), Glanbia plc (Ireland), Kerry Group PLC (Ireland).
The market for protein alternatives is expanding rapidly, with more mergers, acquisitions, and product launches. Companies in this sector are also heavily investing in research and development.
Which region is projected to account for the largest share of the protein alternatives market?
The North American market is expected to dominate during the forecast period. North America currently stands as a formidable force in the protein alternatives market, boasting dominance fueled by a convergence of factors, including robust research and development initiatives, advanced manufacturing capabilities, and a deeply rooted culinary tradition that heavily relies on protein alternatives products. North American countries have become pivotal players in supplying plant-based products globally. The key market players in the North American protein alternatives market include Cargill Incorporated (US), ADM (US), and Ingredion (US) contribute significantly to this dominance through their innovation, expertise, and extensive distribution networks.
What kind of information is provided in the company profile section?
The provided company profiles deliver crucial details, including a thorough business summary that covers different segments, financial results, geographic presence, revenue distribution, and business revenue breakdown. They also offer insights into product lines, key achievements, and expert analyst opinions to better illustrate the company's potential.
What are the factors driving the protein alternatives market?
The growing focus on health and wellness is significantly driving the expansion of the protein alternatives market. As consumers increasingly look for functional foods and supplements to enhance their immune systems and overall health, the demand for high-quality, protein-rich products has surged. This market growth is fueled by increased awareness of the environmental impact of animal agriculture, leading consumers to seek more sustainable options. Additionally, health and wellness concerns are prompting a shift towards plant-based diets, which are seen as healthier choices. Furthermore, advancements in food technology have enabled the development of innovative protein alternatives that closely mimic traditional animal-based proteins, further boosting market growth. 

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
34
RESEARCH METHODOLOGY
41
EXECUTIVE SUMMARY
56
PREMIUM INSIGHTS
61
MARKET OVERVIEW
66
  • 5.1 INTRODUCTION
  • 5.2 MACROECONOMIC INDICATORS
    GLOBAL PRODUCTION OF PEA CROPS AND GREEN PEAS AND BOOST IN INNOVATION
    INCREASE IN SOYBEAN PRODUCTION
    CONSUMER SHIFT TOWARD PROTEIN ALTERNATIVES
    INCREASING COLLABORATIONS & INVESTMENTS IN R&D BETWEEN MARKET LEADERS AND STARTUPS
  • 5.3 MARKET DYNAMICS
    DRIVERS
    - Increase in interest in health-centric food and beverages
    - Growth in consumer preferences toward veganism
    - Rise in cases of lactose intolerance
    - Increased preference for meat alternatives
    - Rise in lactose intolerance to boost use of wheat protein as dairy alternative
    RESTRAINTS
    - Allergies associated with plant-based protein sources
    - Nutritional and vitamin deficiencies among vegans
    - Consumers’ unacceptance of insect-based proteins
    OPPORTUNITIES
    - Focus on aquatic plants as new and emerging sources of protein
    - Effective marketing strategies and correct positioning of plant-based proteins
    - Lifestyle changes
    - Opportunities for food equipment manufacturers in insect rearing
    CHALLENGES
    - Concerns over quality of food and beverages due to adulteration of GM ingredients
    - Economic constraints
    - Concerns related to taste and texture offered by plant-based protein
INDUSTRY TRENDS
80
  • 6.1 INTRODUCTION
  • 6.2 SUPPLY CHAIN ANALYSIS
  • 6.3 VALUE CHAIN ANALYSIS
    RESEARCH & PRODUCT DEVELOPMENT
    RAW MATERIAL SOURCING
    PRODUCTION & PROCESSING
    DISTRIBUTION
    MARKETING & SALES
    END USERS
  • 6.4 TRADE ANALYSIS
    IMPORT SCENARIO OF SOYBEANS
    EXPORT SCENARIO OF SOYBEANS
    IMPORT SCENARIO OF PEAS
    EXPORT SCENARIO OF PEAS, BY KEY COUNTRY
    IMPORT SCENARIO OF WHEAT & MESLIN
    EXPORT SCENARIO OF WHEAT & MESLIN
    IMPORT SCENARIO OF RICE
    EXPORT SCENARIO OF RICE
    IMPORT SCENARIO OF OATS
    EXPORT SCENARIO OF OATS
    IMPORT SCENARIO OF MUSHROOMS
    EXPORT SCENARIO OF MUSHROOMS
  • 6.5 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Extrusion
    - Use of membrane technology to produce differentiated wheat proteins
    COMPLEMENTARY TECHNOLOGIES
    - High-pressure Processing (HPP)
    - U-Loop
    ADJACENT TECHNOLOGIES
    - Wet processing method for producing dairy alternative milk
  • 6.6 PRICING ANALYSIS
    AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOURCE
    AVERAGE SELLING PRICE TREND, BY REGION
    AVERAGE SELLING PRICE TREND, BY SOURCE
  • 6.7 ECOSYSTEM
    DEMAND SIDE
    SUPPLY SIDE
  • 6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 6.9 PATENT ANALYSIS
  • 6.10 KEY CONFERENCES & EVENTS
  • 6.11 TARIFF AND REGULATORY LANDSCAPE
    TARIFF DATA FOR SOY
    TARIFF DATA FOR PEAS
    REGULATORY BODIES, AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY FRAMEWORK
    - North America
    - Feed Application
    - Food Application
    - Europe
    - Asia Pacific
  • 6.12 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 6.13 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 6.14 CASE STUDY ANALYSIS
    BLUE DIAMOND GROWERS PARTNERED WITH GROUP LALA TO ESTABLISH NETWORK IN MEXICO
    KERRY GROUP PLC REVOLUTIONIZED PLANT-BASED PRODUCTS IN ASIA PACIFIC MARKET
    ADM OFFERED NEW PLANT-BASED PROTEINS TO MEET GROWING CONSUMER DEMAND
    GLANBIA LAUNCHED ITS GRAIN PORTFOLIO TO ADDRESS CONSUMERS’ RISING HEALTH CONCERNS
    MGP INGREDIENTS USED WHEAT PROTEIN ISOLATE TO IMPROVE DOUGH STRENGTH AND FREEZER STABILITY
  • 6.15 INVESTMENT AND FUNDING SCENARIO
PROTEIN ALTERNATIVES MARKET, BY SOURCE
126
  • 7.1 INTRODUCTION
  • 7.2 PLANT PROTEIN
    DIVERSE ARRAY OF PLANT PROTEIN SOURCES WITH SUBSTANTIAL INCREASE IN NEWER SOURCES
    SOY
    WHEAT
    PEAS
    CANOLA, RICE, OATS, AND POTATOES
    BEANS & SEEDS
    OTHER PLANT PROTEINS
  • 7.3 INSECT PROTEIN
    RISE IN AWARENESS OF PROTEIN CONTENT IN EDIBLE INSECTS HAMPERED BY INFRASTRUCTURAL CONSTRAINTS
    CRICKETS
    MEALWORMS
    LOCUSTS
    OTHER INSECT PROTEINS
  • 7.4 MICROBIAL PROTEIN
    GROWTH IN ACCEPTANCE OF MICROBIAL PROTEIN IN AQUACULTURE AS FISHMEAL REPLACEMENT
    ALGAE
    FUNGI
    BACTERIA
    OTHER MICROBIAL PROTEINS
PROTEIN ALTERNATIVES MARKET, BY NATURE
155
  • 8.1 INTRODUCTION
  • 8.2 CONVENTIONAL
    GROWTH IN UTILIZATION OF PLANT-BASED FOOD PRODUCTS IN FOOD AND FEED INDUSTRIES
  • 8.3 ORGANIC
    GROWTH OF ORGANIC PLANT-BASED PROTEIN PRODUCTS TO BE FUELED BY RISING DEMAND FOR CLEAN-LABEL INGREDIENTS
PROTEIN ALTERNATIVES MARKET, BY FORM
160
  • 9.1 INTRODUCTION
  • 9.2 DRY
    GREATER VERSATILITY TO INCREASE APPLICATION OF DRY PROTEIN IN PLANT-BASED FOOD & BEVERAGE INDUSTRY
  • 9.3 LIQUID
    HIGHER PROTEIN ENRICHMENT REQUIREMENTS IN LIQUID NUTRITIONAL SUPPLEMENTS
PROTEIN ALTERNATIVES MARKET, BY APPLICATION
165
  • 10.1 INTRODUCTION
  • 10.2 FOOD & BEVERAGES
    RISE IN CONSUMPTION OF PLANT-BASED MEAT AND DAIRY ALTERNATIVES
    MEAT ALTERNATIVES
    - Meatballs & nuggets
    - Sausages
    - Burgers
    - Other Meat Alternatives
    DAIRY ALTERNATIVES
    - Milk Substitute
    - Cheese Alternatives
    - Yogurt Substitutes
    - Ice-cream Substitutes
    PROTEIN SUPPLEMENTS
    - Bars
    - Powders
    - Protein Shakes
    - Other Protein Supplements
    FUNCTIONAL FOOD
    - Fortified Cereals
    - RTD Beverages
    - Other Functional Food
    CONVENIENCE FOOD
    - Baked Goods
    - Snacks
    - Sauces, Gravies, and Soups
    - Spreads
    - Other Convenience Foods
  • 10.3 ANIMAL FEED
    GROWING DEMAND FOR CLEAN-LABEL AND SUSTAINABLE FEED PRODUCTS
    POULTRY
    SWINE
    RUMINANTS
    AQUACULTURE
  • 10.4 PET FOOD
    VARIETY OF ALTERNATIVE PROTEINS AVAILABLE ALLOWS FOR DIVERSIFICATION AND INNOVATION IN PET FOOD PRODUCTS
    CAT FOOD
    DOG FOOD
    OTHER PET FOOD
PROTEIN ALTERNATIVES MARKET, BY PRODUCTION PROCESS
194
  • 11.1 INTRODUCTION
  • 11.2 PLANT PROTEIN PRODUCTION PROCESS
    EXTRUSION
    - Protein extraction
    - Protein purification
    - Heat treatment
    - Starch/fiber processing
    - Whey treatment system
  • 11.3 INSECT PROTEIN PRODUCTION PROCESS
    ULTRASONIC EXTRACTION
    - Preparation of Insect Larvae
    - Larval Disruption
    - Defatting
    - Ultrasonication
    - Centrifugation or Filtration
    - Protein Analysis and Storage
  • 11.4 MICROBIAL PROTEIN PRODUCTION PROCESS
    ULTRASOUND-ASSISTED EXTRACTION (UAE)
PROTEIN ALTERNATIVES MARKET, BY REGION
197
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    NORTH AMERICA: RECESSION IMPACT ANALYSIS
    US
    - Rise in awareness regarding environmental and personal health benefits to drive preference for plant and insect protein
    CANADA
    - Rise in investments by prominent players to drive production
    MEXICO
    - Evolving consumer preferences and increasing demand for nutritious pet foods
  • 12.3 EUROPE
    EUROPE: RECESSION IMPACT ANALYSIS
    GERMANY
    - Greater dependence on plant-based foods and high adoption rate of flexitarian diets
    UK
    - Increase in vegan population in UK
    ITALY
    - Rapidly changing consumer preferences from conventional to plant-based protein
    NETHERLANDS
    - Increase in popularity of plant-based foods due to their health and environmental benefits
    FRANCE
    - Government support to develop domestic plant protein production and reduce imports
    REST OF EUROPE
  • 12.4 ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT ANALYSIS
    CHINA
    - Demand for products with health benefits to drive market growth
    JAPAN
    - Government support and presence of active players to drive market
    INDIA
    - Evolving dietary preferences and rise in incidence of coronary heart diseases to drive demand for plant-based protein
    AUSTRALIA & NEW ZEALAND
    - Investments from key players and rising vegan population to drive growth
    MALAYSIA
    - Rise in export opportunities for insect protein
    THAILAND
    - Rise in awareness regarding environmental impact of meat industry
    REST OF ASIA PACIFIC
  • 12.5 SOUTH AMERICA
    SOUTH AMERICA: RECESSION IMPACT ANALYSIS
    BRAZIL
    - High processing and export capabilities coupled with increased adoption of plant-based foods
    ARGENTINA
    - Environmental, nutritional, and animal welfare concerns among youth to drive demand for plant-based protein
    REST OF SOUTH AMERICA
  • 12.6 REST OF THE WORLD (ROW)
    ROW: RECESSION IMPACT ANALYSIS
    AFRICA
    - Favorable processing conditions coupled with rising consumer awareness about health issues
    MIDDLE EAST
    - Demand for plant-based convenience foods to drive growth of protein alternative industry
COMPETITIVE LANDSCAPE
263
  • 13.1 OVERVIEW
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 13.3 REVENUE ANALYSIS
  • 13.4 MARKET SHARE ANALYSIS
    MARKET RANKING ANALYSIS
  • 13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Regional footprint
    - Source footprint
    - Application footprint
    - Form footprint
  • 13.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING, START-UPS/SMES, 2023
    - Detailed list of key start-ups/SMEs
    - Competitive benchmarking of start-ups/SMEs
  • 13.7 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.8 BRAND/PRODUCT COMPARISON
  • 13.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
COMPANY PROFILES
290
  • 14.1 KEY PLAYERS
    CARGILL, INCORPORATED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ADM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    KERRY GROUP PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    INTERNATIONAL FLAVORS & FRAGRANCES INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    INGREDION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WILMAR INTERNATIONAL LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ROQUETTE FRÈRES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GLANBIA PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DSM-FIRMENICH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AGT FOOD AND INGREDIENTS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TATE & LYLE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BURCON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    EMSLAND GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GLOBAL BUGS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    YNSECT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
  • 14.2 OTHER PLAYERS
    PURIS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    COSUCRA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BENEO GMBH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SOTEXPRO
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AMCO PROTEINS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HEXAFLY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CHAPUL, LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AUSTRALIAN PLANT PROTEINS PTY LTD.
    SHANDONG JIANYUAN GROUP
    MYCORENA
    CALYSTA INC.
    NEXTPROTEIN
    QUORN
ADJACENT & RELATED MARKETS
363
  • 15.1 INTRODUCTION
  • 15.2 STUDY LIMITATIONS
  • 15.3 PEA PROTEIN MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 15.4 SOY PROTEIN INGREDIENTS MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 15.5 PROTEIN INGREDIENTS MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 15.6 INSECT PROTEIN MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
APPENDIX
369
  • 16.1 DISCUSSION GUIDE
  • 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.3 CUSTOMIZATION OPTIONS
  • 16.4 RELATED REPORTS
  • 16.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2020–2023
  • TABLE 2 PROTEIN ALTERNATIVES: MARKET SHARE SNAPSHOT, 2024 VS. 2029 (USD MILLION)
  • TABLE 3 LIST OF INVESTMENTS IN INSECT PROTEIN MARKET, 2019–2023 (USD MILLION)
  • TABLE 4 PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE, BY ETHNICITY
  • TABLE 5 IMPORT SCENARIO FOR HS CODE: 1201, BY COUNTRY, 2019–2023 (USD)
  • TABLE 6 EXPORT SCENARIO FOR HS CODE: 1201, BY COUNTRY, 2019–2023 (USD)
  • TABLE 7 IMPORT SCENARIO FOR HS CODE: 071310, BY COUNTRY, 2019–2023 (USD)
  • TABLE 8 EXPORT SCENARIO FOR HS CODE: 071310, BY COUNTRY, 2019–2023 (USD)
  • TABLE 9 IMPORT SCENARIO FOR HS CODE: 1001, BY COUNTRY, 2019–2023 (USD)
  • TABLE 10 EXPORT SCENARIO FOR HS CODE: 1001, BY COUNTRY, 2019–2023 (USD)
  • TABLE 11 IMPORT SCENARIO FOR HS CODE: 1006, BY COUNTRY, 2019–2023 (USD)
  • TABLE 12 EXPORT SCENARIO FOR HS CODE: 1006, BY COUNTRY, 2019–2023 (USD)
  • TABLE 13 IMPORT SCENARIO FOR HS CODE: 1004, BY COUNTRY, 2019–2023 (USD)
  • TABLE 14 EXPORT SCENARIO FOR HS CODE: 1004, BY COUNTRY, 2019–2023 (USD)
  • TABLE 15 IMPORT SCENARIO FOR HS CODE: 2003, BY COUNTRY, 2019–2023 (USD)
  • TABLE 16 EXPORT SCENARIO FOR HS CODE: 2003, BY COUNTRY, 2019–2023 (USD)
  • TABLE 17 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE, 2023 (USD/KG)
  • TABLE 18 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/KG)
  • TABLE 19 AVERAGE SELLING PRICE TREND, BY SOURCE, 2020–2023 (USD/KG)
  • TABLE 20 PROTEIN ALTERNATIVES MARKET: ECOSYSTEM
  • TABLE 21 LIST OF MAJOR PATENTS PERTAINING TO MARKET, 2014–2024
  • TABLE 22 PROTEIN ALTERNATIVES MARKET: LIST OF KEY CONFERENCES & EVENTS, 2024–2025
  • TABLE 23 TARIFF FOR HS CODE: 120190
  • TABLE 24 TARIFF FOR HS CODE: 071310
  • TABLE 25 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 26 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 27 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 28 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 29 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 30 PORTER’S FIVE FORCES ANALYSIS
  • TABLE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
  • TABLE 32 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
  • TABLE 33 IMPROVED DOUGH POROSITY AND EXTENSIBILITY FOR LONGER PERIOD
  • TABLE 34 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 35 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 36 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (KT)
  • TABLE 37 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (KT)
  • TABLE 38 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 39 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 40 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 41 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 42 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (KT)
  • TABLE 43 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 44 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 45 PLANT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 46 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 47 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 48 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 49 SOY-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 50 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 51 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 52 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 53 WHEAT-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 54 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 55 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 56 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 57 PEA-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 58 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 59 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 60 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 61 CANOLA-, RICE-, OAT-, AND POTATO-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 62 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 63 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 64 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 65 BEAN- & SEED-BASED PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 66 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 67 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 68 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 69 OTHER PLANT PROTEIN ALTERNATIVES MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 70 INSECT PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 71 INSECT PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 72 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 73 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 74 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (KT)
  • TABLE 75 INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 76 CRICKET-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 77 CRICKET-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 78 MEALWORM-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 79 MEALWORM-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 80 LOCUST-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 81 LOCUST-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 82 OTHER INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 83 OTHER INSECT PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 84 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 85 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 86 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 87 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 88 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (KT)
  • TABLE 89 MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 90 ALGAE-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 91 ALGAE-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 92 FUNGI-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 93 FUNGI-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 94 BACTERIA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 95 BACTERIA-BASED PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 96 OTHER MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 97 OTHER MICROBIAL PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 98 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020–2023 (USD MILLION)
  • TABLE 99 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024–2029 (USD MILLION)
  • TABLE 100 CONVENTIONAL PLANT-BASED PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 101 CONVENTIONAL PLANT-BASED PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 102 ORGANIC PLANT-BASED PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 103 ORGANIC PLANT-BASED PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 104 PROTEIN ALTERNATIVES MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 105 PROTEIN ALTERNATIVES MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 106 DRY PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 107 DRY PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 108 LIQUID PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 109 LIQUID PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 110 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 111 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 112 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 113 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 114 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY SUBTYPE, 2020–2023 (USD MILLION)
  • TABLE 115 PROTEIN ALTERNATIVES MARKET IN FOOD & BEVERAGES, BY SUBTYPE, 2024–2029 (USD MILLION)
  • TABLE 116 PROTEIN ALTERNATIVES MARKET IN MEAT ALTERNATIVES, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 117 PROTEIN ALTERNATIVES MARKET IN MEAT ALTERNATIVES, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 118 PROTEIN ALTERNATIVES MARKET IN DAIRY ALTERNATIVES, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 119 PROTEIN ALTERNATIVES MARKET IN DAIRY ALTERNATIVES, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 120 PROTEIN ALTERNATIVES MARKET IN PROTEIN SUPPLEMENTS, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 121 PROTEIN ALTERNATIVES MARKET IN PROTEIN SUPPLEMENTS, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 122 PROTEIN ALTERNATIVES MARKET IN FUNCTIONAL FOOD, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 123 PROTEIN ALTERNATIVES MARKET IN FUNCTIONAL FOOD, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 124 PROTEIN ALTERNATIVES MARKET IN CONVENIENCE FOOD, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 125 PROTEIN ALTERNATIVES MARKET IN CONVENIENCE FOOD, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 126 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 127 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 128 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY SUBTYPE, 2020–2023 (USD MILLION)
  • TABLE 129 PROTEIN ALTERNATIVES MARKET IN ANIMAL FEED, BY SUBTYPE, 2024–2029 (USD MILLION)
  • TABLE 130 PROTEIN ALTERNATIVES MARKET IN POULTRY FEED, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 131 PROTEIN ALTERNATIVES MARKET IN POULTRY FEED, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 132 PROTEIN ALTERNATIVES MARKET IN SWINE FEED, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 133 PROTEIN ALTERNATIVES MARKET IN SWINE FEED, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 134 PROTEIN ALTERNATIVES MARKET IN RUMINANT FEED, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 135 PROTEIN ALTERNATIVES MARKET IN RUMINANT FEED, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 136 PROTEIN ALTERNATIVES MARKET IN AQUAFEED, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 137 PROTEIN ALTERNATIVES MARKET IN AQUAFEED, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 138 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 139 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 140 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY SUBTYPE, 2020–2023 (USD MILLION)
  • TABLE 141 PROTEIN ALTERNATIVES MARKET IN PET FOOD, BY SUBTYPE, 2024–2029 (USD MILLION)
  • TABLE 142 PROTEIN ALTERNATIVES MARKET IN CAT FOOD, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 143 PROTEIN ALTERNATIVES MARKET IN CAT FOOD, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 144 PROTEIN ALTERNATIVES MARKET IN DOG FOOD, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 145 PROTEIN ALTERNATIVES MARKET IN DOG FOOD, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 146 PROTEIN ALTERNATIVES MARKET IN OTHER PET FOOD, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 147 PROTEIN ALTERNATIVES MARKET IN OTHER PET FOOD, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 148 PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 149 PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 150 PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (KT)
  • TABLE 151 PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 152 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 153 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 154 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 155 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 156 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (KT)
  • TABLE 157 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (KT)
  • TABLE 158 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 159 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 160 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 161 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 162 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 163 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 164 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 165 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 166 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 167 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 168 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020–2023 (USD MILLION)
  • TABLE 169 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024–2029 (USD MILLION)
  • TABLE 170 US: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 171 US: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 172 CANADA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 173 CANADA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 174 MEXICO: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 175 MEXICO: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 176 EUROPE: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 177 EUROPE: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 178 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 179 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 180 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (KT)
  • TABLE 181 EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (KT)
  • TABLE 182 EUROPE: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 183 EUROPE: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 184 EUROPE: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 185 EUROPE: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 186 EUROPE: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 187 EUROPE: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 188 EUROPE: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 189 EUROPE: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 190 EUROPE: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 191 EUROPE: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 192 EUROPE: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020–2023 (USD MILLION)
  • TABLE 193 EUROPE: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024–2029 (USD MILLION)
  • TABLE 194 GERMANY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 195 GERMANY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 196 UK: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 197 UK: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 198 ITALY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 199 ITALY: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 200 NETHERLANDS: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 201 NETHERLANDS: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 202 FRANCE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 203 FRANCE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 204 REST OF EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 205 REST OF EUROPE: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 206 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 207 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 208 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 209 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 210 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (KT)
  • TABLE 211 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (KT)
  • TABLE 212 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 213 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 214 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 215 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 216 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 217 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 218 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 219 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 220 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 221 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 222 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020–2023 (USD MILLION)
  • TABLE 223 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024–2029 (USD MILLION)
  • TABLE 224 CHINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 225 CHINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 226 JAPAN: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 227 JAPAN: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 228 INDIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 229 INDIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 230 AUSTRALIA & NEW ZEALAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 231 AUSTRALIA & NEW ZEALAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 232 MALAYSIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 233 MALAYSIA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 234 THAILAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 235 THAILAND: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 236 REST OF ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 237 REST OF ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 238 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 239 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 240 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 241 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 242 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (KT)
  • TABLE 243 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (KT)
  • TABLE 244 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 245 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 246 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 247 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 248 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 249 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 250 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 251 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 252 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 253 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 254 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020–2023 (USD MILLION)
  • TABLE 255 SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024–2029 (USD MILLION)
  • TABLE 256 BRAZIL: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 257 BRAZIL: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 258 ARGENTINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 259 ARGENTINA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 260 REST OF SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 261 REST OF SOUTH AMERICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 262 ROW: PROTEIN ALTERNATIVES MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 263 ROW: PROTEIN ALTERNATIVES MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 264 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 265 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 266 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (KT)
  • TABLE 267 ROW: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (KT)
  • TABLE 268 ROW: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 269 ROW: PROTEIN ALTERNATIVES MARKET FOR PLANT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 270 ROW: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 271 ROW: PROTEIN ALTERNATIVES MARKET FOR INSECT PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 272 ROW: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 273 ROW: PROTEIN ALTERNATIVES MARKET FOR MICROBIAL PROTEIN, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 274 ROW: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 275 ROW: PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 276 ROW: PROTEIN ALTERNATIVES MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 277 ROW: PROTEIN ALTERNATIVES MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 278 ROW: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2020–2023 (USD MILLION)
  • TABLE 279 ROW: PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024–2029 (USD MILLION)
  • TABLE 280 AFRICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 281 AFRICA: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 282 MIDDLE EAST: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 283 MIDDLE EAST: PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 284 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PROTEIN ALTERNATIVE PLAYERS
  • TABLE 285 PROTEIN ALTERNATIVES MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 286 REGIONAL FOOTPRINT
  • TABLE 287 SOURCE FOOTPRINT
  • TABLE 288 APPLICATION FOOTPRINT
  • TABLE 289 FORM FOOTPRINT
  • TABLE 290 PROTEIN ALTERNATIVES MARKET: DETAILED LIST OF KEY START-UPS/SMES
  • TABLE 291 PROTEIN ALTERNATIVES MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
  • TABLE 292 PROTEIN ALTERNATIVES MARKET: PRODUCT LAUNCHES, JANUARY 2020–FEBRUARY 2024
  • TABLE 293 PROTEIN ALTERNATIVES MARKET: DEALS, JANUARY 2020–FEBRUARY 2024
  • TABLE 294 PROTEIN ALTERNATIVES MARKET: EXPANSIONS, JANUARY 2020–JUNE 2022
  • TABLE 295 CARGILL, INCORPORATED: BUSINESS OVERVIEW
  • TABLE 296 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 297 CARGILL, INCORPORATED: DEALS
  • TABLE 298 CARGILL, INCORPORATED: EXPANSIONS
  • TABLE 299 CARGILL, INCORPORATED: OTHER DEVELOPMENTS
  • TABLE 300 ADM: BUSINESS OVERVIEW
  • TABLE 301 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 302 ADM: PRODUCT LAUNCHES
  • TABLE 303 ADM: DEALS
  • TABLE 304 ADM: OTHER DEVELOPMENTS
  • TABLE 305 KERRY GROUP PLC: BUSINESS OVERVIEW
  • TABLE 306 KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 307 KERRY GROUP PLC: DEALS
  • TABLE 308 KERRY GROUP PLC: OTHER DEVELOPMENTS
  • TABLE 309 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
  • TABLE 310 INTERNATIONAL FLAVORS & FRAGRANCES INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 311 INGREDION: BUSINESS OVERVIEW
  • TABLE 312 INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 313 INGREDION: PRODUCT LAUNCHES
  • TABLE 314 INGREDION: DEALS
  • TABLE 315 INGREDION: EXPANSIONS
  • TABLE 316 WILMAR INTERNATIONAL LTD.: BUSINESS OVERVIEW
  • TABLE 317 WILMAR INTERNATIONAL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 318 ROQUETTE FRÈRES: BUSINESS OVERVIEW
  • TABLE 319 ROQUETTE FRÈRES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 320 ROQUETTE FRÈRES: PRODUCT LAUNCHES
  • TABLE 321 ROQUETTE FRÈRES: DEALS
  • TABLE 322 ROQUETTE FRÈRES: EXPANSIONS
  • TABLE 323 GLANBIA PLC: BUSINESS OVERVIEW
  • TABLE 324 GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 325 GLANBIA PLC: PRODUCT LAUNCHES
  • TABLE 326 GLANBIA PLC: DEALS
  • TABLE 327 DSM-FIRMENICH: BUSINESS OVERVIEW
  • TABLE 328 DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 329 DSM-FIRMENICH: DEALS
  • TABLE 330 AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW
  • TABLE 331 AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 332 AGT FOOD AND INGREDIENTS: DEALS
  • TABLE 333 TATE & LYLE: BUSINESS OVERVIEW
  • TABLE 334 TATE & LYLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 335 TATE & LYLE: DEALS
  • TABLE 336 BURCON: BUSINESS OVERVIEW
  • TABLE 337 BURCON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 338 BURCON: DEALS
  • TABLE 339 BURCON: EXPANSIONS
  • TABLE 340 EMSLAND GROUP: BUSINESS OVERVIEW
  • TABLE 341 EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 342 EMSLAND GROUP: DEALS
  • TABLE 343 GLOBAL BUGS: BUSINESS OVERVIEW
  • TABLE 344 GLOBAL BUGS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 345 GLOBAL BUGS: DEALS
  • TABLE 346 YNSECT: BUSINESS OVERVIEW
  • TABLE 347 YNSECT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 348 YNSECT: PRODUCT LAUNCHES
  • TABLE 349 YNSECT: DEALS
  • TABLE 350 YNSECT: EXPANSIONS
  • TABLE 351 YNSECT: OTHER DEVELOPMENTS
  • TABLE 352 PURIS: BUSINESS OVERVIEW
  • TABLE 353 PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 354 PURIS: EXPANSIONS
  • TABLE 355 PURIS: OTHER DEVELOPMENTS
  • TABLE 356 COSUCRA: BUSINESS OVERVIEW
  • TABLE 357 COSUCRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 358 COSUCRA: PRODUCT LAUNCHES
  • TABLE 359 COSUCRA: DEALS
  • TABLE 360 COSUCRA: EXPANSIONS
  • TABLE 361 BENEO GMBH: BUSINESS OVERVIEW
  • TABLE 362 BENEO GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 363 BENEO GMBH: DEALS
  • TABLE 364 BENEO GMBH: EXPANSIONS
  • TABLE 365 BENEO GMBH: OTHER DEVELOPMENTS
  • TABLE 366 SOTEXPRO: BUSINESS OVERVIEW
  • TABLE 367 SOTEXPRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 368 AMCO PROTEINS: BUSINESS OVERVIEW
  • TABLE 369 AMCO PROTEINS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 370 AMCO PROTEINS: EXPANSIONS
  • TABLE 371 HEXAFLY: BUSINESS OVERVIEW
  • TABLE 372 HEXAFLY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 373 HEXAFLY: DEALS
  • TABLE 374 CHAPUL, LLC: BUSINESS OVERVIEW
  • TABLE 375 CHAPUL, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 376 CHAPUL, LLC: OTHER DEVELOPMENTS
  • TABLE 377 AUSTRALIAN PLANT PROTEINS PTY LTD.: COMPANY OVERVIEW
  • TABLE 378 SHANDONG JIANYUAN GROUP: COMPANY OVERVIEW
  • TABLE 379 MYCORENA: COMPANY OVERVIEW
  • TABLE 380 CALYSTA INC.: COMPANY OVERVIEW
  • TABLE 381 NEXTPROTEIN: COMPANY OVERVIEW
  • TABLE 382 QUORN: COMPANY OVERVIEW
  • TABLE 383 ADJACENT MARKETS
  • TABLE 384 PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
  • TABLE 385 PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
  • TABLE 386 SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)
  • TABLE 387 SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)
  • TABLE 388 PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION)
  • TABLE 389 PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION)
  • TABLE 390 INSECT PROTEIN MARKET, BY DISTRIBUTION CHANNEL, 2019–2021 (USD MILLION)
  • TABLE 391 INSECT PROTEIN MARKET, BY DISTRIBUTION CHANNEL, 2022–2027 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 PROTEIN ALTERNATIVES MARKET: RESEARCH DESIGN
  • FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 3 INSIGHTS FROM KEY INDUSTRY EXPERTS
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 5 MARKET SIZE CALCULATION: SUPPLY SIDE
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 MACROECONOMIC INDICATORS OF RECESSION
  • FIGURE 9 GLOBAL INFLATION RATE, 2011–2022
  • FIGURE 10 GLOBAL GDP, 2011–2022 (USD TRILLION)
  • FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PROTEIN ALTERNATIVES MARKET
  • FIGURE 12 GLOBAL PROTEIN ALTERNATIVES MARKET: EARLIER FORECAST VS. RECESSION FORECAST
  • FIGURE 13 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 14 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
  • FIGURE 15 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 16 PROTEIN ALTERNATIVES MARKET, BY FORM, 2024 VS. 2029
  • FIGURE 17 PROTEIN ALTERNATIVES MARKET SHARE AND GROWTH RATE, BY REGION
  • FIGURE 18 NEW PRODUCT DEVELOPMENTS AND FACILITY EXPANSION TO DRIVE PROTEIN ALTERNATIVES MARKET
  • FIGURE 19 CHINA AND FOOD & BEVERAGES SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARES IN 2024
  • FIGURE 20 PLANT PROTEIN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 21 DRY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 22 CONVENTIONAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 23 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 24 FOOD & BEVERAGES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 25 US TO DOMINATE PROTEIN ALTERNATIVES MARKET IN 2024
  • FIGURE 26 GLOBAL PRODUCTION OF CHICKPEAS AND GREEN PEAS, 2018–2022 (MILLION TONNES)
  • FIGURE 27 GLOBAL PEA PRODUCTION, BY COUNTRY, 2021 (MILLION TONNES)
  • FIGURE 28 SOYBEAN PRODUCTION, BY KEY COUNTRY, 2018–2023 (MILLION TONNES)
  • FIGURE 29 PROTEIN ALTERNATIVES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 30 ESTIMATED PREVALENCE OF LACTOSE MALABSORPTION, BY COUNTRY, 2022
  • FIGURE 31 PROTEIN ALTERNATIVES MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 32 PROTEIN ALTERNATIVES MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 33 IMPORT OF SOYBEANS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 34 EXPORT OF SOYBEANS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 35 IMPORT OF PEAS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 36 EXPORT OF PEAS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 37 IMPORT OF WHEAT & MESLIN, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 38 EXPORT OF WHEAT & MESLIN, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 39 IMPORT OF RICE, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 40 EXPORT OF RICE, BY KEY COUNTRY, 2019–2023
  • FIGURE 41 IMPORT OF OATS, BY KEY COUNTRY, 2019–2023
  • FIGURE 42 EXPORT OF OATS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 43 IMPORT OF MUSHROOMS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 44 EXPORT OF MUSHROOMS, BY KEY COUNTRY, 2019–2023 (USD)
  • FIGURE 45 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE, 2023 (USD/KG)
  • FIGURE 46 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/KG)
  • FIGURE 47 AVERAGE SELLING PRICE TREND, BY SOURCE, 2020–2023 (USD/KG)
  • FIGURE 48 KEY PLAYERS IN PROTEIN ALTERNATIVES MARKET
  • FIGURE 49 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 50 NUMBER OF PATENTS GRANTED FOR PROTEIN ALTERNATIVES, 2014–2024
  • FIGURE 51 REGIONAL ANALYSIS OF PATENTS GRANTED FOR PROTEIN ALTERNATIVES
  • FIGURE 52 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 53 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
  • FIGURE 54 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
  • FIGURE 55 GLOBAL ALTERNATIVE PROTEIN INVESTMENT TREND, 2018–2022
  • FIGURE 56 PROTEIN ALTERNATIVES MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 57 PROTEIN ALTERNATIVES MARKET, BY NATURE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 58 PROTEIN ALTERNATIVES MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)
  • FIGURE 59 PROTEIN ALTERNATIVES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
  • FIGURE 60 PROTEIN ALTERNATIVES MARKET SHARE IN MEAT ALTERNATIVES, BY SUBAPPLICATION, 2023
  • FIGURE 61 PLANT-BASED MILK SALES GROWTH, 2016–2022 (USD MILLION)
  • FIGURE 62 PROTEIN ALTERNATIVES MARKET SHARE IN DAIRY ALTERNATIVES, BY SUBAPPLICATION, 2023
  • FIGURE 63 PROTEIN ALTERNATIVES MARKET SHARE IN PROTEIN SUPPLEMENTS, BY SUBAPPLICATION, 2023
  • FIGURE 64 PROTEIN ALTERNATIVES MARKET IN FUNCTIONAL FOOD, BY SUBAPPLICATION, 2023
  • FIGURE 65 PROTEIN ALTERNATIVES MARKET IN CONVENIENCE FOOD, BY SUBAPPLICATION, 2023
  • FIGURE 66 THAILAND TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 67 NORTH AMERICA: PROTEIN ALTERNATIVES MARKET SNAPSHOT
  • FIGURE 68 NORTH AMERICA: INFLATION RATES, BY COUNTRY, 2017–2022
  • FIGURE 69 NORTH AMERICA: RECESSION IMPACT ANALYSIS
  • FIGURE 70 EUROPE: INFLATION RATES, BY COUNTRY, 2017–2022
  • FIGURE 71 EUROPE: RECESSION IMPACT ANALYSIS
  • FIGURE 72 ASIA PACIFIC: PROTEIN ALTERNATIVES MARKET SNAPSHOT
  • FIGURE 73 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2022
  • FIGURE 74 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
  • FIGURE 75 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022
  • FIGURE 76 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
  • FIGURE 77 ROW: INFLATION RATES, BY KEY COUNTRY, 2017–2022
  • FIGURE 78 ROW: RECESSION IMPACT ANALYSIS, 2022
  • FIGURE 79 REVENUE ANALYSIS FOR KEY COMPANIES IN LAST FIVE YEARS, 2019–2023 (USD BILLION)
  • FIGURE 80 SHARE OF LEADING COMPANIES IN PROTEIN ALTERNATIVES MARKET, 2023
  • FIGURE 81 RANKING OF TOP FIVE PLAYERS IN PROTEIN ALTERNATIVES MARKET
  • FIGURE 82 PROTEIN ALTERNATIVES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 83 COMPANY FOOTPRINT
  • FIGURE 84 PROTEIN ALTERNATIVES MARKET: COMPANY EVALUATION MATRIX (OTHER PLAYERS), 2023
  • FIGURE 85 COMPANY VALUATION FOR NINE MAJOR PLAYERS IN PROTEIN ALTERNATIVES MARKET, 2023 (USD BILLION)
  • FIGURE 86 EV/EBITDA OF MAJOR PLAYERS, 2023
  • FIGURE 87 PROTEIN ALTERNATIVES MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 88 CARGILL, INCORPORATED: COMPANY SNAPSHOT
  • FIGURE 89 ADM: COMPANY SNAPSHOT
  • FIGURE 90 KERRY GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 91 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
  • FIGURE 92 INGREDION: COMPANY SNAPSHOT
  • FIGURE 93 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT
  • FIGURE 94 GLANBIA PLC: COMPANY SNAPSHOT
  • FIGURE 95 DSM-FIRMENICH: COMPANY SNAPSHOT
  • FIGURE 96 TATE & LYLE: COMPANY SNAPSHOT
  • FIGURE 97 BURCON: COMPANY SNAPSHOT

The study involved two major approaches in estimating the current size of the protein alternatives market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the protein alternatives market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to protein alternatives sources, application, form, nature, production process (qualitative) and region. Stakeholders from the demand side, such as processed food and functional food products manufacturers, were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of protein alternatives and the outlook of their business, which will affect the overall market.

Protein Alternatives Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

designation

ADM (US)

General Manager

Cargill Incorporated (US)

Sales Manager

International Flavors & Fragrances Inc. (US)

Manager

Ingredion (US)

Head of processing department

Roquette Frères (France)

Marketing Manager

Wilmar International Ltd. (Singapore)

Sales Executive

Protein Alternatives Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the protein alternatives market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Global Protein Alternatives Market: Supply-side analysis.

Protein Alternatives Market Supply-side analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Global Protein Alternatives Market: Top-Down Approach.

Protein Alternatives Market Top Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall protein alternatives market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

According to GFI, alternative proteins are proteins produced from plants or animal cells, or by way of fermentation. These innovative foods are designed to taste the same as or better than conventional animal products while costing the same or less. Compared to conventionally produced proteins, alternative proteins require fewer inputs, such as land and water, and generate far fewer negative externalities, such as greenhouse gas emissions and pollution.

Plant protein refers to the derivation of protein from plant-based sources, such as pulses, grains, and seeds. Different sources of plant-based protein include soy, wheat, pea, canola, oats, rice, and potato. Proteins are polymers of amino acids, which are used in various applications for their nutritional and functional properties. Their potential to increase the nutritional level and the resultant healthy diet makes them one of the key ingredients in both the food and feed industries.

According to the US Agency for International Development (USAID), “Soy protein concentrates (SPC), and soy protein isolates (SPI) are processed food ingredients produced from wholly defatted soy meal through a water extraction process. The resulting concentrates and isolates contain 65%-90% protein, respectively, and are used as ingredients to enrich other food products.”.

According to the European Food Information Council (EUFIC), insects have the potential to produce less greenhouse gas (GHG) emissions and use fewer resources as compared to conventional sources such as plant and animal proteins. Proteins derived from insects, either through consumption of the whole of the insects or through extraction processes, are termed insect proteins. Insect-based protein is considered a viable alternative source for protein, majorly in food and feed applications. Like animal proteins, insects are rich in proteins and essential amino acids, which are easily digestible compared to plant-based proteins.

According to National Center for Biotechnology Information (NCBI), Microbial proteins, commonly known as single-cell proteins (SCP), are derived from several species of microorganisms but are most commonly derived from microalgae, fungi, yeast, or bacteria.

Key Stakeholders

  • Food & beverage manufacturers, suppliers, and processors
  • Research & development institutions
  • Traders & retailers
  • Distributors, importers, and exporters
  • Regulatory bodies
    • Organizations such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Agency (EFSA), EUROPA, and Food Safety Australia and New Zealand (FSANZ)
    • Government agencies
  • Intermediary suppliers
  • Universities and industry bodies
  • End users
  • Insect protein and other protein feed ingredient manufacturers
  • Insect farmers and field experts
  • Feed and feed additive manufacturers
  • Food processors and ingredient manufacturers
  • Food safety agencies such as the Food and Drug Administration (FDA) and the European Food Information Council (EUFIC)
  • Commercial research & development (R&D) institutions and financial institutions
  • Importers and exporters of alternative proteins
  • Traders, distributors, and suppliers
  • Government organizations, research organizations, and consulting firms

Report Objectives

Market Intelligence

  • To determine and project the size of the protein alternatives market with respect to the source, form, nature, application, production process (qualitative) and regions in terms of value and volume over five years, ranging from 2024 to 2029.
  • To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
  • To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market.
  • To identify and profile the key players in the protein alternatives market.
  • To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the European protein alternatives market into key countries.
  • Further breakdown of the Rest of Asia Pacific protein alternatives market into key countries.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

Previous Versions of this Report

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Growth opportunities and latent adjacency in Protein Alternatives Market

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