Precision Business Insights has published a report on the global alternative protein market, estimating its value at USD 68.5 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 15.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/alternative-protein-market
The alternative protein market encompasses food products designed to replace traditional animal-based proteins such as meat, dairy, and eggs. These alternatives are derived from various sources, including plants (e.g., soy, pea, wheat), insects (e.g., crickets, mealworms), and microbial processes (e.g., fermentation, precision fermentation). The market includes a range of products like plant-based meats, dairy substitutes, cultivated (lab-grown) meats, and fermentation-derived proteins
Drivers:
- Health and Wellness Trends: Consumers are increasingly adopting plant-based diets to enhance physical health, manage weight, and reduce the risk of chronic diseases. This shift is a significant driver of the alternative protein market.
- Environmental Concerns: The environmental impact of traditional animal agriculture, including greenhouse gas emissions and resource consumption, has led consumers to seek more sustainable protein sources. Alternative proteins often have a lower environmental footprint.
The global alternative protein market segmentation:
- By Source: Plant-based (Soy Protein Isolates, Soy Protein Concentrates, Fermented Soy Protein, Duckweed Protein, Wheat Protein, Pea Protein, and Others), Insect- Based, Microbial Based (Bacteria, Yeast, Algae, Fungi and Others), and Others
- By Application: Food & beverage (Meat analogs, Bakery, Dairy alternatives, Cereals & Snacks, Beverages, and Others
- Animal Feed (Poultry (Broiler, Layer, and Turkey) Swine (Starter, Grower, and Sow) Cattle (Dairy and Calf) Aquaculture (Salmon, Trout’s, Shrimps and Carp, Pet food, Equine and Others)
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Regional Overview:
The report also examines the current concerns and their Future Effects on the alternative protein market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the alternative protein market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Cargill Incorporated, Archer Daniels Midland, Dupont Danisco, Kerry Group, DSM, Axiom Foods, Ingredion Incorporated, Innovafeed, Hamlet Protein, AB Mauri, Calysta Inc, Angel Yeast.
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