5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
The Global Protein Alternatives Market is segmented by Source (Plant Protein, Mycoprotein, Algal Protein, and Insect Protein); by Application (Food and Beverage, Dietary Supplements, Animal Feed, and Pet Food, Personal Care and Cosmetics); and by Geography.
Study Period:
2016-2025
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
6.65 %
The global protein alternatives market is projected to register a CAGR of 6.65% during the forecast period (2020 - 2025).
The global protein alternatives market is segmented by the source that includes plant protein, mycoprotein, algal protein, and insect protein. The plant protein section is further classified into soy protein, wheat protein, pea protein, and other plant proteins. Based on the application, the market is segmented into food and beverage, dietary supplements, animal feed, and pet food, personal care, and cosmetics. The food and beverage segment is sub-segmented into the bakery, confectionery, plant-based dairy products, beverages, and other food and beverage. The report further analyses the global scenario of the market, which includes a detailed analysis of North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
By Source | ||||||
| ||||||
Mycoprotein | ||||||
Algal protein | ||||||
Insect Protein |
By Application | |||||||
| |||||||
Dietary Supplements | |||||||
Animal Feed and Pet Food | |||||||
Personal Care and Cosmetics |
By Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Report scope can be customized per your requirements. Click here.
The protein alternatives market is witnessing a shift in consumer demand from animal protein to plant protein. This inclination toward a plant-based diet is associated with different factors, such as sustainability issues, health awareness, ethical or religious views, and environmental and animal rights. Meat proteins provide the required amino acid content to the body but are associated with high cholesterol levels and other related issues, as a result of which, people are shifting to a vegan source of protein. Moreover, dairy proteins are also associated with the required amino acid content for the body, but according to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), lactose intolerance (inability to digest lactose) affects 30-50 million Americans, and over 90% of the adults in east Asia.
To understand key trends, Download Sample Report
The United States dominates the North American protein alternatives market by more than 60%. While there is still a strong dominance of animal protein among the US population, plant protein, such as soy, lentils, beans, among others, has been gaining high traction from the past few years. This is due to the high penetration of vegan protein-based products in the retail market and increased consumer awareness about the health benefits associated with it, along with weight management. With the existing business opportunities in the protein alternatives market, many companies are strategical, including business expansion plans, specifically in the plant protein category.
To understand geography trends, Download Sample Report.
The global protein alternatives market is fragmented, and Cargill, ADM, Kerry Group, and DuPont dominate the market with major strategies, such as acquisitions, expansions, and new product launches. Cargill leads the market among the major players in the protein alternatives market. These companies, in order to retain their position within the market or gain an advantage over its competitors, have set their focus on research and development. Along with mergers and product launches to cater to the growing demand for protein alternative products, the companies are also coming up with new and innovative product offerings, in order to gain higher market shares that can be used in many industrial applications, such as food and beverages, dietary supplement, and animal feed.
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Source
5.1.1 Plant Protein
5.1.1.1 Soy Protein
5.1.1.2 Wheat Protein
5.1.1.3 Pea Protein
5.1.1.4 Other Plant Proteins
5.1.2 Mycoprotein
5.1.3 Algal protein
5.1.4 Insect Protein
5.2 By Application
5.2.1 Food and Beverage
5.2.1.1 Bakery
5.2.1.2 Confectionery
5.2.1.3 Plant-Based Dairy Products
5.2.1.4 Beverages
5.2.1.5 Other Food and Beverages
5.2.2 Dietary Supplements
5.2.3 Animal Feed and Pet Food
5.2.4 Personal Care and Cosmetics
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 The Archer Daniels Midland Company
6.4.2 Cargill Incorporated
6.4.3 Glanbia PLC
6.4.4 Ingredion Incorporated
6.4.5 DuPont de Nemours Inc.
6.4.6 Corbion NV
6.4.7 Kerry Inc.
6.4.8 Royal Avebe UA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID -19 ON THE MARKET
** Subject to Availability