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Protein Alternatives - Global Strategic Business Report

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    Report

  • 391 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5028129
The global market for Protein Alternatives is estimated at US$3.6 Billion in 2023 and is projected to reach US$6.2 Billion by 2030, growing at a CAGR of 7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Plant Protein segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of 8.1%. The Insect Protein segment is also set to grow at 7.1% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $472.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Protein Alternatives Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Protein Alternatives Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Protein Alternatives Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Archer Daniels Midland Company, Amway Corporation, Avebe Group, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 111 Featured):

  • Archer Daniels Midland Company
  • Amway Corporation
  • Avebe Group
  • BENEO GmbH
  • A&B Ingredients, Inc.
  • AMCO Proteins
  • Blue Diamond Growers, Inc.
  • Algatechnologies Ltd.
  • Batory Foods, Inc.
  • Agridient
  • AGT Food and Ingredients
  • Axiom Foods, Inc.
  • Beyond Meat
  • Aspire Food Group
  • Before The Bucher

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Other Protein Alternatives Witness Steady Growth
  • Developed Regions Dominate, Developing Countries to Drive Market Growth
  • Market Challenges
  • Protein Alternatives - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Market Outlook
2. FOCUS ON SELECT PLAYERS
  • Recent Market Activity
3. MARKET TRENDS & DRIVERS
  • Plant Based Proteins Score Over Animal-based Proteins
  • Soy Represents an Important Plant-based Protein Alternative
  • Types of Soy Protein Ingredients
  • Sports Nutritional Products Incorporate More of Plant-based Protein Ingredients
  • Low Saturated Fat, Low Cholesterol, and Presence of All Essential Amino Acids Drive Surging Popularity of Plant Proteins
  • Sustainability and Other Benefits Drive Greater Adoption of Plant Proteins
  • Better Efficiency of Plant Protein Sources Compared to Animal Protein Sources: Comparing Water Consumption in Production (in Gallons per Ton) by Protein Source
  • Energy Efficiency in Production of Various Protein Sources (in kcal)
  • Soy Proteins Dominate Plant Protein Ingredients Market
  • Protein Content in Various Plant-Based Food Types
  • Pea Protein Gradually Gains Prominence over Soy Protein
  • Wheat Proteins: Rising Demand for Nutrition-Rich Products Aids Growth
  • Rice Proteins Emerge as Ideal Alternatives to Various Protein Ingredients
  • Average Amount of Protein Present in Different Types of Rice
  • Algae Proteins: The Next Big Thing in Vegetarian Protein Sources
  • Mycoprotein Meat Substitute Market Spurred by Shift in Consumer Behavior & Consumption Patterns
  • Exciting Plant-based Protein Alternatives
  • Innovative Processing Techniques Drive Market Expansion
  • Ingredient Providers Offer Vegan Flavors to Add Authentic Flavors to Meat Substitutes
  • Innovations to Set Pace for Alternative Proteins Market
  • Start-Ups Set to Deep-Dive into Alternative Proteins Market
  • Infant Formula: Protein Ingredients Essential to Improve Nutritional Content
  • Soy-based Infant Formula Gains Popularity
  • Exotic and Artificially Grown Meats and Proteins to Meet Future Food Demand
  • MACRO DRIVERS
  • Increasing Global Population Drives the Demand for Protein Alternatives
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Increasing Incidence of Chronic Diseases: An Important Opportunity Indicator
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025, and 2030
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Obesity Concerns Raise Significance of Protein Ingredient’s Satiety Features
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Increasing Affluence of the Ballooning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Global Middle Class Spending (in US$ Trillion) by Geographic Region
  • Bee Conservation: Towards Eco-friendliness and Sustainability
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Plant Protein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Plant Protein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 3: World 13-Year Perspective for Plant Protein by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Insect Protein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Insect Protein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 6: World 13-Year Perspective for Insect Protein by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Mycoprotein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Mycoprotein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 9: World 13-Year Perspective for Mycoprotein by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Algal Protein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Algal Protein by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 12: World 13-Year Perspective for Algal Protein by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 15: World 13-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Dietary Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Dietary Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 18: World 13-Year Perspective for Dietary Supplements by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 21: World 13-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 22: World Protein Alternatives Market Analysis of Annual Sales in US$ Thousand for Years 2017 through 2030
  • Table 23: World Recent Past, Current & Future Analysis for Protein Alternatives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Protein Alternatives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2017 through 2022 and % CAGR
  • Table 25: World 13-Year Perspective for Protein Alternatives by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Healthy Growth Outlook for US Protein Alternatives Market
  • Myriad Factors Drive Prominence of Plant Proteins in the US
  • Plant-Based Proteins: Ingredient Innovation & Food Formulation
  • Availability in Several Forms and Options
  • Advent of Novel and New Ingredients
  • Soy: From a Humble Beginning to a Giant Market
  • Pea Protein Ingredients: A High Growth Market
CANADA
  • Foods & Beverages Market Enhances Demand for Protein Alternatives
  • Canada: A Key Supplier for Functional Ingredients and Foods
JAPAN
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Growing Demand for Functional Foods Augurs Well for Protein Alternatives Market
CHINA
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • Protein Alternatives Market in China: An Overview
  • Soy Proteins Market in China: Positioned for Growth
  • China: A Major Producer & Consumer of Wheat Gluten
  • Sports Nutrition Products: Opportunities for Growth
EUROPE
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview
  • Asia-Pacific: Market Laden with Opportunities
  • Robust Gains on the Cards for Plant Proteins Market
  • India
  • Rising Importance of Soy Products Transforms Domestic Plant Protein Segment
  • Wheat Gluten Market on a Steady Growth Path
LATIN AMERICA
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
MIDDLE EAST
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICA
  • Protein Alternatives Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Archer Daniels Midland Company
  • Amway Corporation
  • Avebe Group
  • BENEO GmbH
  • A&B Ingredients, Inc.
  • AMCO Proteins
  • Blue Diamond Growers, Inc.
  • Algatechnologies Ltd.
  • Batory Foods, Inc.
  • Agridient
  • AGT Food and Ingredients
  • Axiom Foods, Inc.
  • Beyond Meat
  • Aspire Food Group
  • Before The Bucher

Table Information