Global Alternative Protein Market Size, Share, Growth Analysis Report - Forecast 2034

Alternative Protein Market: Industry Perspective

The global alternative protein market size was worth around USD 22.31 Billion in 2024 and is predicted to grow to around USD 84.78 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 14.28% between 2025 and 2034. The report analyzes the global alternative protein market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the alternative protein industry.

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The report offers an 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 the intake of alternative proteins among the 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 toward alternative protein consumption due to health concerns & environmental issues has prompted huge demand for alternative proteins. Reportedly, sales of plant-based food – the highest source of alternative protein- rose to nearly 18% in 2018 and will continue to surge even in near future. Apparently, the escalating interest of consumers in non-meat protein-based food products and the rise in the use of alternative protein as an ingredient in the diet of consumers will drive alternative protein market growth.

Key Insights

• As per the analysis shared by our research analyst, the global alternative protein market is estimated to grow annually at a CAGR of around 14.28% over the forecast period (2025-2034).
• Regarding revenue, the global alternative protein market size was valued at around USD 22.31 Billion in 2024 and is projected to reach USD 84.78 Billion by 2034.
• The alternative protein market is projected to grow at a significant rate due to rising demand for sustainable and plant-based food, health-conscious consumers, environmental concerns, and technological advancements in protein production.
• Based on Source, the Plant-Based segment is expected to lead the global market.
• On the basis of Application, the Food & Beverages segment is growing at a high rate and will continue to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Alternative Protein Market: Growth Drivers

Growing customer interest in good health and ethical considerations such as animal welfare has created a huge demand for alternative proteins, thereby driving market trends. Direct intake of vegetable proteins in the diet has been increasing in recent years due to diseases occurring in animals. Apart from this, the shortage of animal protein, fluctuations in the purchasing capacity of individuals, and ethical concerns have compelled consumers to opt for a plant-based diet. This has resulted into huge demand for alternative proteins. With the large-scale surge in legume consumption & intake of oilseed proteins in the routine diet of individuals owing to high-protein contents of the 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 analogs. Nonetheless, these texturized vegetable proteins are cost-effective, functional, and rich sources of proteins. All these aforementioned factors will steer growth in size of the alternative protein market.

Alternative Protein Market: Segmentation Analysis

The global alternative protein market is segmented based on Source, Application, and region.

Based on Source, the global alternative protein market is divided into Plant-Based, Insect-Based, Microbial-Based, Others.

On the basis of Application, the global alternative protein market is bifurcated into Food & Beverages, Nutraceuticals, Animal Feed, Others.

Alternative Protein Market: Report Scope

Alternative Protein Market: Regional Insights

Asia Pacific Alternative Protein Market To Witness Significant Growth Over 2024-2034

Expansion of the alternative protein market in the Asia Pacific zone over the assessment period is subject to a massive intake of a plant-based diet in Asian countries such as India and Japan. The rise in preference for a healthy diet rich in proteins has driven demand for a plant-based diet in the region, thereby steering regional market trends.

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In addition to this, a prominent surge in sale of human nutrition supplements including alternative protein will boost growth of alternative protein industry in the Asia Pacific zone.

Alternative Protein Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the alternative protein market on a global and regional basis.

The global alternative protein market is dominated by players like:

• Cargill
• ADM
• Roquette Frères
• Kerry Group
• DSM
• Ingredion
• Glanbia
• Tate & Lyle
• International Flavors & Fragrances
• Wilmar International

The global alternative protein market is segmented as follows;

By Source

• Plant-Based
• Insect-Based
• Microbial-Based
• Others

By Application

• Food & Beverages
• Nutraceuticals
• Animal Feed
• Others

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