Alternative Protein Market - Global Industry Analysis

Alternative Protein Market- By Application (Beverages, Cereals, Snacks, Meat Analogues, and Bakery Items) and By Source (Microbial-Based, Insect-Based, and Plant-Based): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028

Published Date: 15-Feb-2022 Category: Consumer Goods Report Format : PDF Pages: 190 Report Code: ZMR-6748 Status : Published

The global Alternative Protein Market accrued earnings worth approximately 53.1 (USD Billion) in 2021 and is predicted to gain revenue of about 160.3 (USD Billion) by 2028, is set to record a CAGR of nearly 17.6% over the period from 2022 to 2028.

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Description

The global Alternative Protein Market accrued earnings worth approximately 53.1 (USD Billion) in 2021 and is predicted to gain revenue of about 160.3 (USD Billion) by 2028, is set to record a CAGR of nearly 17.6% over the period from 2022 to 2028. The report offers assessment and analysis of the Alternative Protein Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Alternative Protein Market: Outlook

There is huge awareness about benefits derived due to intake of alternative proteins among population of countries possessing huge economic wealth. For the record, meat has been the key source of protein in developed countries for many years. However, rapidly altering consumer behavior and keen inclination towards alternative protein consumption due to health concerns & environmental issues has prompted huge demand for alternative proteins. Reportedly, sales of plant-based food – a highest source of alternative protein- rose to nearly 18% in 2018 and will continue to surge even in near future. Apparently, escalating interest of consumers in non-meat protein-based food products and rise in use of alternative protein as ingredient in diet of consumers will drive alternative protein market growth.

Global Alternative Protein Market

Alternative Protein Market: Growth Drivers

Growing customer interest in good health and ethical considerations such as animal welfare has created huge demand for alternative proteins, thereby driving market trends. Direct intake of vegetable proteins in diet has been increasing in recent years due to diseases occurring in animals. Apart from this, shortage of animal protein, fluctuations in purchasing capacity of individuals, and ethical concerns has compelled consumers to opt for plant-based diet. This has resulted into huge demand for alternative proteins. With large-scale surge in legume consumption & intake of oilseed proteins in routine diet of individuals owing to high-protein contents of former, the market for alternative protein is anticipated to gain traction.

As per NIH researchers, legumes and oilseeds offer balanced amino acids when consumed with cereals. Reportedly, Soybean proteins, cottonseed proteins, wheat gluten, peas, and other plant-based protein foods are utilized for texturization and can be consumed as meat analog. Nonetheless, these texturized vegetable proteins are cost-effective, functional, and rich source of proteins. All these aforementioned factors will steer growth in size of alternative protein market.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Alternative Protein Market: Regional Insights

Asia Pacific Alternative Protein Market To Witness Significant Growth Over 2022-2028

Expansion of alternative protein market in Asia Pacific zone over assessment period is subject to massive intake of plant-based diet in Asian countries such as India and Japan. Rise in preference for healthy diet rich in proteins has driven demand for plant-based diet in region, thereby steering regional market trends. In addition to this, a prominent surge in sale of human nutrition supplements including alternative protein will boost growth of alternative protein industry in Asia Pacific zone.

Alternative Protein Market: Competitive Insights

Key players influencing growth of alternative protein market and profiled in study are Kerry Group plc, Corbion Biotech, Inc., Roquette Freres, Ingredion Incorporated, Protix, Entocycle, MGP Ingredients, Inc., Glanbia plc, DuPont, and ADM Company.

The global Alternative Protein Market is segmented as follows:

By Application

Beverages
Bakery Items
Cereals
Snacks
Meat Analogues

By Source

Microbial-Based
Insect-Based
Plant-Based

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
  - 1.3.1 Market Research Type
  - 1.3.2 Market research methodology
Chapter 2. Executive Summary
- 2.1 Global Alternative Protein Market, (2022 - 2028) (USD Billion)
- 2.2 Global Alternative Protein Market : snapshot
Chapter 3. Global Alternative Protein Market - Industry Analysis
- 3.1 Alternative Protein Market: Market Dynamics
- 3.2 Market Drivers
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
  - 3.7.1 Market attractiveness analysis By Application
  - 3.7.2 Market attractiveness analysis By Source
Chapter 4. Global Alternative Protein Market- Competitive Landscape
- 4.1 Company market share analysis
  - 4.1.1 Global Alternative Protein Market: company market share, 2021
- 4.2 Strategic development
  - 4.2.1 Acquisitions & mergers
  - 4.2.2 New Product launches
  - 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
Chapter 5. Global Alternative Protein Market - Application Analysis
- 5.1 Global Alternative Protein Market overview: By Application
  - 5.1.1 Global Alternative Protein Market share, By Application, 2021 and 2028
- 5.2 Beverages
  - 5.2.1 Global Alternative Protein Market by Beverages, 2022 - 2028 (USD Billion)
- 5.3 Bakery Items
  - 5.3.1 Global Alternative Protein Market by Bakery Items, 2022 - 2028 (USD Billion)
- 5.4 Cereals
  - 5.4.1 Global Alternative Protein Market by Cereals, 2022 - 2028 (USD Billion)
- 5.5 Snacks
  - 5.5.1 Global Alternative Protein Market by Snacks, 2022 - 2028 (USD Billion)
- 5.6 Meat Analogues
  - 5.6.1 Global Alternative Protein Market by Meat Analogues, 2022 - 2028 (USD Billion)
Chapter 6. Global Alternative Protein Market - Source Analysis
- 6.1 Global Alternative Protein Market overview: By Source
  - 6.1.1 Global Alternative Protein Market share, By Source, 2021 and 2028
- 6.2 Microbial-Based
  - 6.2.1 Global Alternative Protein Market by Microbial-Based, 2022 - 2028 (USD Billion)
- 6.3 Insect-Based
  - 6.3.1 Global Alternative Protein Market by Insect-Based, 2022 - 2028 (USD Billion)
- 6.4 Plant-Based
  - 6.4.1 Global Alternative Protein Market by Plant-Based, 2022 - 2028 (USD Billion)
Chapter 7. Alternative Protein Market - Regional Analysis
- 7.1 Global Alternative Protein Market Regional Overview
- 7.2 Global Alternative Protein Market Share, by Region, 2021 & 2028 (USD Billion)
- 7.3. North America
  - 7.3.1 North America Alternative Protein Market, 2022 - 2028 (USD Billion)
    - 7.3.1.1 North America Alternative Protein Market, by Country, 2022 - 2028 (USD Billion)
- 7.4 North America Alternative Protein Market, by Application, 2022 - 2028
  - 7.4.1 North America Alternative Protein Market, by Application, 2022 - 2028 (USD Billion)
- 7.5 North America Alternative Protein Market, by Source, 2022 - 2028
  - 7.5.1 North America Alternative Protein Market, by Source, 2022 - 2028 (USD Billion)
- 7.4. Europe
  - 7.4.2 Europe Alternative Protein Market, 2022 - 2028 (USD Billion)
    - 7.4.2.1 Europe Alternative Protein Market, by Country, 2022 - 2028 (USD Billion)
- 7.4 Europe Alternative Protein Market, by Application, 2022 - 2028
  - 7.4.1 Europe Alternative Protein Market, by Application, 2022 - 2028 (USD Billion)
- 7.5 Europe Alternative Protein Market, by Source, 2022 - 2028
  - 7.5.1 Europe Alternative Protein Market, by Source, 2022 - 2028 (USD Billion)
- 7.5. Asia Pacific
  - 7.5.3 Asia Pacific Alternative Protein Market, 2022 - 2028 (USD Billion)
    - 7.5.3.1 Asia Pacific Alternative Protein Market, by Country, 2022 - 2028 (USD Billion)
- 7.4 Asia Pacific Alternative Protein Market, by Application, 2022 - 2028
  - 7.4.1 Asia Pacific Alternative Protein Market, by Application, 2022 - 2028 (USD Billion)
- 7.5 Asia Pacific Alternative Protein Market, by Source, 2022 - 2028
  - 7.5.1 Asia Pacific Alternative Protein Market, by Source, 2022 - 2028 (USD Billion)
- 7.6. Latin America
  - 7.6.4 Latin America Alternative Protein Market, 2022 - 2028 (USD Billion)
    - 7.6.4.1 Latin America Alternative Protein Market, by Country, 2022 - 2028 (USD Billion)
- 7.4 Latin America Alternative Protein Market, by Application, 2022 - 2028
  - 7.4.1 Latin America Alternative Protein Market, by Application, 2022 - 2028 (USD Billion)
- 7.5 Latin America Alternative Protein Market, by Source, 2022 - 2028
  - 7.5.1 Latin America Alternative Protein Market, by Source, 2022 - 2028 (USD Billion)
- 7.7. The Middle-East and Africa
  - 7.7.5 The Middle-East and Africa Alternative Protein Market, 2022 - 2028 (USD Billion)
    - 7.7.5.1 The Middle-East and Africa Alternative Protein Market, by Country, 2022 - 2028 (USD Billion)
- 7.4 The Middle-East and Africa Alternative Protein Market, by Application, 2022 - 2028
  - 7.4.1 The Middle-East and Africa Alternative Protein Market, by Application, 2022 - 2028 (USD Billion)
- 7.5 The Middle-East and Africa Alternative Protein Market, by Source, 2022 - 2028
  - 7.5.1 The Middle-East and Africa Alternative Protein Market, by Source, 2022 - 2028 (USD Billion)
Chapter 8. Company Profiles
- 8.1 Kerry Group plc
  - 8.1.1 Overview
  - 8.1.2 Financials
  - 8.1.3 Product Portfolio
  - 8.1.4 Business Strategy
  - 8.1.5 Recent Developments
- 8.2 Corbion Biotech Inc.
  - 8.2.1 Overview
  - 8.2.2 Financials
  - 8.2.3 Product Portfolio
  - 8.2.4 Business Strategy
  - 8.2.5 Recent Developments
- 8.3 Roquette Freres
  - 8.3.1 Overview
  - 8.3.2 Financials
  - 8.3.3 Product Portfolio
  - 8.3.4 Business Strategy
  - 8.3.5 Recent Developments
- 8.4 Ingredion Incorporated
  - 8.4.1 Overview
  - 8.4.2 Financials
  - 8.4.3 Product Portfolio
  - 8.4.4 Business Strategy
  - 8.4.5 Recent Developments
- 8.5 Protix
  - 8.5.1 Overview
  - 8.5.2 Financials
  - 8.5.3 Product Portfolio
  - 8.5.4 Business Strategy
  - 8.5.5 Recent Developments
- 8.6 Entocycle
  - 8.6.1 Overview
  - 8.6.2 Financials
  - 8.6.3 Product Portfolio
  - 8.6.4 Business Strategy
  - 8.6.5 Recent Developments
- 8.7 MGP Ingredients Inc.
  - 8.7.1 Overview
  - 8.7.2 Financials
  - 8.7.3 Product Portfolio
  - 8.7.4 Business Strategy
  - 8.7.5 Recent Developments
- 8.8 Glanbia plc
  - 8.8.1 Overview
  - 8.8.2 Financials
  - 8.8.3 Product Portfolio
  - 8.8.4 Business Strategy
  - 8.8.5 Recent Developments
- 8.9 DuPont
  - 8.9.1 Overview
  - 8.9.2 Financials
  - 8.9.3 Product Portfolio
  - 8.9.4 Business Strategy
  - 8.9.5 Recent Developments
- 8.10 ADM Company.
  - 8.10.1 Overview
  - 8.10.2 Financials
  - 8.10.3 Product Portfolio
  - 8.10.4 Business Strategy
  - 8.10.5 Recent Developments

Table Of Figures

1. Market research Type
2. Market research methodology
3. Global Alternative Protein Market, 2022 - 2028 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Alternative Protein Market attractiveness, By Application
6. Global Alternative Protein Market attractiveness, By Source
7. Global Alternative Protein Market share by Application, 2022 and 2028 (USD Billion)
8. Global Alternative Protein Market by Beverages, 2022 - 2028 (USD Billion)
9. Global Alternative Protein Market by Bakery Items, 2022 - 2028 (USD Billion)
10. Global Alternative Protein Market by Cereals, 2022 - 2028 (USD Billion)
11. Global Alternative Protein Market by Snacks, 2022 - 2028 (USD Billion)
12. Global Alternative Protein Market by Meat Analogues, 2022 - 2028 (USD Billion)
13. Global Alternative Protein Market share by Source, 2022 and 2028 (USD Billion)
14. Global Alternative Protein Market by Microbial-Based, 2022 - 2028 (USD Billion)
15. Global Alternative Protein Market by Insect-Based, 2022 - 2028 (USD Billion)
16. Global Alternative Protein Market by Plant-Based, 2022 - 2028 (USD Billion)
17. Global Alternative Protein Market share, by Region, 2022 and 2028
18. North America Alternative Protein Market, 2022 - 2028 (USD Billion)
19. Europe Alternative Protein Market, 2022 - 2028 (USD Billion)
20. Asia Pacific Alternative Protein Market, 2022 - 2028 (USD Billion)
21. Latin America Alternative Protein Market, 2022 - 2028 (USD Billion)
22. The Middle-East and Africa Alternative Protein Market, 2022 - 2028 (USD Billion)

Table Of Tables

1. Global Alternative Protein Market: Snapshot
2. Drivers of the Alternative Protein Market: impact analysis
3. North America Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
4. North America Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
5. U.S. Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
6. U.S. Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
7. Canada Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
8. Canada Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
9. Europe Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
10. Europe Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
11. Germany Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
12. Germany Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
13. France Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
14. France Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
15. U.K. Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
16. U.K. Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
17. Italy Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
18. Italy Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
19. Spain Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
20. Spain Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
21. Rest of Europe Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
22. Rest of Europe Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
23. Asia Pacific Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
24. Asia Pacific Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
25. China Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
26. China Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
27. Japan Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
28. Japan Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
29. India Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
30. India Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
31. South Korea Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
32. South Korea Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
33. South-East Asia Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
34. South-East Asia Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
35. Rest of Asia Pacific Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
36. Rest of Asia Pacific Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
37. Latin America Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
38. Latin America Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
39. Brazil Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
40. Brazil Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
41. Mexico Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
42. Mexico Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
43. Rest of Latin America Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
44. Rest of Latin America Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
45. The Middle-East and Africa Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
46. The Middle-East and Africa Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
47. GCC Countries Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
48. GCC Countries Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
49. South Africa Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
50. South Africa Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)
51. Rest of Middle-East Africa Alternative Protein Market revenue, By Application, 2022 - 2028 (USD Billion)
52. Rest of Middle-East Africa Alternative Protein Market revenue, By Source, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

Which key factors will influence the Alternative Protein Market growth over 2022-2028?

Growing customer interest in good health and ethical considerations such as animal welfare has created huge demand for alternative proteins, thereby driving alternative protein market trends.

What will be the value of the Alternative Protein Market during 2022-2028?

According to Zion market research report, The global Alternative Protein Market accrued earnings worth approximately 53.1 (USD Billion) in 2021 and is predicted to gain revenue of about 160.3 (USD Billion) by 2028, is set to record a CAGR of nearly 17.6% over the period from 2022 to 2028.

Which region will contribute notably towards the global Alternative Protein Market revenue?

Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to massive intake of plant-based diet in Asian countries such as India and Japan.

Which are the major players impacting Alternative Protein Market growth?

The key market participants include Kerry Group plc, Corbion Biotech, Inc., Roquette Freres, Ingredion Incorporated, Protix, Entocycle, MGP Ingredients, Inc., Glanbia plc, DuPont, and ADM Company.