Protein Alternatives Market | Growth | Trends

Protein Alternatives Market - Growth, Trends, and Forecast (2020 - 2025)

The Global Protein Alternatives Market is segmented by Source (Plant Protein (Soy Protein, Wheat Protein, Pea Protein, and Other Plant Proteins), Mycoprotein, Algal Protein, and Insect Protein), Application (Food and Beverage (Bakery, Confectionery, Plant-Based Dairy Products, Beverages, and Other Food and Beverage), Dietary Supplements, Animal Feed, and Pet Food, Personal Care and Cosmetics), and Geography

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.40 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global protein alternatives market is projected to register a CAGR of 7.4% during the forecast period (2020-2025).

The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby, leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, hence, driving the market studied.
Consumers in developing regions, like Asia-Pacific and Africa, have started to incorporate more protein in their daily diets. Many companies operating in the market place have started to initiate awareness programs and campaigns, which can be directed to make the consumers understand the benefits of alternative proteins and establish popularity among consumers.

Scope of the Report

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 divided into soy protein, wheat protein, pea protein, and other plant proteins. Based on the application, the market is classified into food and beverage, dietary supplements, animal feed and pet food, personal care, and cosmetics. The food and beverage segment is fragmented into bakery, confectionery, plant-based dairy products, beverages, and other food and beverage. The report further analyses the global scenario of the market, which includes detail analysis on North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

By Source

Plant Protein
	Soy Protein
	Wheat Protein
	Pea Protein
	Other Plant Proteins

Mycoprotein

Algal protein

Insect Protein

By Application

Food and Beverage
	Bakery
	Confectionery
	Plant-Based Dairy Products
	Beverages
	Other Food and Beverages

Dietary Supplements

Animal Feed and Pet Food

Personal Care and Cosmetics

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	United Kingdom
	Germany
	France
	Italy
	Russia
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	South Africa
	United Arab Emirates
	Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Vegan-Protein

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. According to the United States Center for Disease Control and Prevention, 12.2 million people are suffering from a food allergy, of which two-thirds is associated with egg allergy. Also, according to the reference list of allergen data collection, the allergen from chicken meat ranges from 0.5-5% in Southern Europe. Consumers around the world are inclining toward plant-based protein diets. Around 33% of Canadians and around 17% of Australians have turned into flexitarians.

To understand key trends, Download Sample Report

North America to Dominate the Global Market

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.

Competitive Landscape

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.

Major Players

You can also purchase parts of this report. Do you want to check out a section wise price list?

1. INTRODUCTION
1. 1.1 Study Assumptions and Market Definition
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
3. 4.3 Porter's Five Forces Analysis
  1. 4.3.1 Threat of New Entrants
  2. 4.3.2 Bargaining Power of Buyers/Consumers
  3. 4.3.3 Bargaining Power of Suppliers
  4. 4.3.4 Threat of Substitute Products
  5. 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Source
  1. 5.1.1 Plant Protein
    1. 5.1.1.1 Soy Protein
    2. 5.1.1.2 Wheat Protein
    3. 5.1.1.3 Pea Protein
    4. 5.1.1.4 Other Plant Proteins
  2. 5.1.2 Mycoprotein
  3. 5.1.3 Algal protein
  4. 5.1.4 Insect Protein
2. 5.2 By Application
  1. 5.2.1 Food and Beverage
    1. 5.2.1.1 Bakery
    2. 5.2.1.2 Confectionery
    3. 5.2.1.3 Plant-Based Dairy Products
    4. 5.2.1.4 Beverages
    5. 5.2.1.5 Other Food and Beverages
  2. 5.2.2 Dietary Supplements
  3. 5.2.3 Animal Feed and Pet Food
  4. 5.2.4 Personal Care and Cosmetics
3. 5.3 Geography
  1. 5.3.1 North America
    1. 5.3.1.1 United States
    2. 5.3.1.2 Canada
    3. 5.3.1.3 Mexico
    4. 5.3.1.4 Rest of North America
  2. 5.3.2 Europe
    1. 5.3.2.1 Spain
    2. 5.3.2.2 United Kingdom
    3. 5.3.2.3 Germany
    4. 5.3.2.4 France
    5. 5.3.2.5 Italy
    6. 5.3.2.6 Russia
    7. 5.3.2.7 Rest of Europe
  3. 5.3.3 Asia-Pacific
    1. 5.3.3.1 China
    2. 5.3.3.2 Japan
    3. 5.3.3.3 India
    4. 5.3.3.4 Australia
    5. 5.3.3.5 Rest of Asia-Pacific
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle East & Africa
    1. 5.3.5.1 South Africa
    2. 5.3.5.2 United Arab Emirates
    3. 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Most Active Companies
2. 6.2 Most Adopted Strategies
3. 6.3 Market Share Analysis
4. 6.4 Company Profiles
  1. 6.4.1 The Archer Daniels Midland Company
  2. 6.4.2 Cargill Incorporated
  3. 6.4.3 Glanbia PLC
  4. 6.4.4 Ingredion Incorporated
  5. 6.4.5 DuPont de Nemours Inc.
  6. 6.4.6 Corbion NV
  7. 6.4.7 Kerry Inc.
  8. 6.4.8 Royal Avebe UA

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability