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North America Alternative Proteins Market Report and Forecast 2024-2032

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    Report

  • 154 Pages
  • January 2024
  • Region: North America
  • Expert Market Research
  • ID: 5934580
According to the report, the North America alternative proteins market is projected to grow at a CAGR of 17.7% between 2024 and 2032. Aided by the escalating demand for plant-based food products and the uses of alternative proteins in several end-use sectors, the market is expected to grow significantly by 2032.

Alternative proteins, derived from a variety of plant, insect, algae, or lab-grown sources, are gaining traction as a nutritional component in an array of products, ranging from meat substitutes to protein bars and shakes. They play a crucial role in satisfying nutritional requirements, promoting health, and catering to dietary preferences or restrictions. Apart from their nutritional attributes, alternative proteins also provide significant sustainability benefits, particularly concerning the reduction of carbon footprint, land, and water usage, thereby presenting a compelling case for environmental stewardship.

The growing consumer inclination towards plant-based food products is catalysing the North America alternative proteins market growth. Heightened awareness of the health benefits linked to protein consumption, such as muscle recovery, weight management, and overall wellness, has led to a significant shift towards high-protein diets. This change, coupled with the increasing prevalence of veganism, vegetarianism, and flexitarianism, has triggered a surge in demand for alternative protein-based products.

Moreover, the ongoing health and fitness trend has further amplified the popularity of alternative proteins. They have become a favourite ingredient in sports and fitness nutrition, consumed by athletes, gym-goers, and health enthusiasts seeking clean, ethical, and effective protein sources.

The expanding application of alternative proteins across various industries also boosts the North America alternative proteins market expansion. In the food and beverage industry, these proteins are increasingly used to create innovative products like plant-based burgers, sausages, dairy alternatives, and protein-enriched snacks and beverages. In the pharmaceutical industry, alternative proteins are utilised for their functional properties in the formulation of dietary supplements and therapeutic products.

Furthermore, with the rising environmental consciousness and growing emphasis on sustainability, alternative proteins have seen a remarkable surge in interest, thus increasing the North America alternative proteins market demand. Unlike traditional animal-based proteins, alternative proteins offer a more sustainable and less resource-intensive solution, appealing to consumers concerned about the environmental impact of their dietary choices.

Market Segmentation

The market can be divided based on source, ingredient, end use, distribution channel, and country.

Market Breakup by Source

  • Plant Based
  • Fermentation
  • Cellular Agriculture
  • Others

Market Breakup by Ingredient

  • Bulk Ingredients
  • Speciality Ingredients

Market Breakup by End Use

  • Food and Beverage
  • Aquaculture
  • Animal Feed
  • Others

Market Breakup by Distribution Channel

  • B2B
  • B2C

Market Breakup by Country

  • United States
  • Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America alternative proteins market. Some of the major players explored in the report are as follows:
  • E.I. Dupont De Nemours and Company
  • Greenleaf Foods SPC
  • Archer Daniels Midland Company
  • Darling Ingredients
  • Cargill Incorporated
  • Kerry Group
  • Calysta
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Opportunities and Challenges in the Market
8 North America Alternative Proteins Market Analysis
8.1 Key Industry Highlights
8.2 North America Alternative Proteins Historical Market (2018-2023)
8.3 North America Alternative Proteins Market Forecast (2024-2032)
8.4 North America Alternative Proteins Market by Source
8.4.1 Plant Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Fermentation
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cellular Agriculture
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 North America Alternative Proteins Market by Ingredient
8.5.1 Bulk Ingredients
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Specialty Ingredients
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 North America Alternative Proteins Market by End Use
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Aquaculture
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Animal Feed
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 North America Alternative Proteins Market by Distribution Channel
8.7.1 B2B
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 B2C
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 North America Alternative Proteins Market by Country
8.8.1 Market Share
8.8.1.1 United States
8.8.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 E.I. Dupont De Nemours and Company
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Greenleaf Foods SPC
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Archer Daniels Midland Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Darling Ingredients
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Cargill Incorporated
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Kerry Group
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Calysta
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Alternative Protein Market: Key Industry Highlights, 2018 and 2032
2. North America Alternative Protein Historical Market: Breakup by Source (MMT), 2018-2023
3. North America Alternative Protein Market Forecast: Breakup by Source (MMT), 2024-2032
4. North America Alternative Protein Historical Market: Breakup by Ingredient MMT), 2018-2023
5. North America Alternative Protein Market Forecast: Breakup by Ingredient (MMT), 2024-2032
6. North America Alternative Protein Historical Market: Breakup by End Use (MMT), 2018-2023
7. North America Alternative Protein Market Forecast: Breakup by End Use (MMT), 2024-2032
8. North America Alternative Protein Historical Market: Breakup by Distribution Channel (MMT), 2018-2023
9. North America Alternative Protein Market Forecast: Breakup by Distribution Channel (MMT), 2024-2032
10. North America Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
11. North America Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
12. North America Alternative Protein Market Structure

Companies Mentioned

  • E.I. Dupont De Nemours and Company
  • Greenleaf Foods SPC
  • Archer Daniels Midland Company
  • Darling Ingredients
  • Cargill Incorporated
  • Kerry Group
  • Calysta

Methodology

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