Protein Alternative Market Focused Insights 2025-2030 | Alternative Proteins Poised for Growth as Global Market to Hit USD 36.17 Billion by 2030 - ResearchAndMarkets.com

The "Protein Alternative Market - Focused Insights 2025-2030" report has been added to ResearchAndMarkets.com's offering.

The Protein Alternative Market was valued at USD 21.76 Billion in 2024, and is projected to reach USD 36.17 Billion by 2030, rising at a CAGR of 8.84%.

The anticipated global population surge to 8.5 billion by 2030, as projected by the United Nations, underscores an urgent need for innovative food production solutions. To meet the escalating demand, the plant-based and alternative protein market is poised for substantial growth. These alternatives, which offer sustainable and efficient methods of food production, can significantly alleviate pressure on traditional agriculture.

By leveraging advancements in biotechnology and sustainable farming practices, plant-based proteins and lab-grown meats can provide nutritious, eco-friendly food options.

This shift is not only crucial for ensuring food security but also for mitigating the environmental impacts associated with conventional livestock farming. As a result, investment and innovation in this sector are expected to accelerate, transforming the global food landscape.

RECENT VENDOR ACTIVITIES

• In August 2024, Corbion acquired the bread improver business from Novotech Food Ingredients in India, strengthening its footprint in the Asia Pacific region. This acquisition enables Corbion to expand its functional ingredient offerings and cater to the rising demand for plant-based and alternative proteins in the region. As Asia Pacific emerges as a key growth hub for alternative protein solutions, investments like these are crucial for scaling production and meeting local consumer preferences.
• In May 2024, Goterra partnered with Skretting Australia to integrate Australian insect protein into aquaculture feeds. This collaboration supports the global shift toward sustainable protein sources, as insect-based protein gains traction for its low environmental impact and high nutritional value. By leveraging Goterra's insect robot technology, Skretting aims to validate insect meal as a viable protein alternative for aquaculture, aligning with the industry's push for sustainable and scalable protein solutions.

KEY TAKEAWAYS

• By Source: The plant-based protein segment accounted for the largest market share, driven by their sustainability, affordability, and growing consumer preference for vegan and flexitarian diets.
• By Distribution Channel: The online segment shows the highest growth of 9.34%, as they provide consumers with convenient access to a wide variety of products while driving significant revenue growth for companies.
• By Application: The food & beverages segment holds the largest market share as alternative proteins are heavily incorporated into plant-based meat, dairy alternatives, protein-enriched snacks, and ready-to-eat meals.
• By Geography: North America dominates the global protein alternatives market share. The market is driven by strong consumer demand, advanced R&D, and significant investment in precision fermentation and cultivated meat.
• Growth Factor: The global protein alternatives market is set to grow due to growing consumer demand for sustainable food and growth in vegan & flexitarian lifestyles.

PROTEIN ALTERNATIVES MARKET TRENDS, DRIVERS & RESTRAINTS

Expansion of Plant-Based Proteins: Driven by health, ethical, and environmental concerns, plant-based proteins from soy, peas, and chickpeas are increasingly popular. Innovations by Beyond Meat and Impossible Foods have propelled these proteins into mainstream acceptance.

Rising Precision Fermentation & Cellular Agriculture: These technologies are transforming the landscape by enabling the creation of animal-identical proteins and lab-grown meat, promising reduced environmental footprints.

Growing Consumer Demand for Sustainable Food: Environmental concerns over conventional livestock farming drive consumers to prefer brands with strong sustainability commitments. Companies like ADM, Cargill, and Kerry Group are leading with innovative sustainable food solutions.

Growth in Vegan & Flexitarian Lifestyles: The increasing popularity of plant-based diets is driving demand for diverse protein alternatives, evidenced by the introduction of plant-based options at major fast-food chains.

High Production Costs: Precision fermentation and alternative protein production face high costs due to complex processes and required advanced equipment. This poses challenges in scaling production to affordable levels.

GLOBAL PROTEIN ALTERNATIVES MARKET COMPETITION LANDSCAPE

The global protein alternatives market report consists of exclusive data on 24 vendors. The market is highly fragmented, with a notable lack of cohesion across different regions. While there are a few key players with a broad international presence, the majority of significant participants are focused on the US and Europe. This fragmentation means that the market is characterized by a diverse range of local and regional players, each with varying levels of influence and reach.

The major vendors in the market are ADM, Cargill, Glanbia, International Flavors & Fragrances, Kerry Group, Roquette Freres, Ingredion, and dsm-firmenich. These companies have a global presence at least in three major regions including North America, APAC, and Europe.

However, there are local vendors providing products with similar specifications at lower prices. This has intensified price wars among vendors, and the market has the threat of penetration with low-quality products. The major vendors continually compete among themselves for the leading position in the market, with occasional issues of competition coming from other local vendors.

Key Vendors

• ADM
• Cargill
• Glanbia
• International Flavors & Fragrances
• Kerry Group
• Roquette Freres
• Ingredion
• dsm-firmenich

Other Prominent Vendors

• AMCO Proteins
• Algenol
• Aminola
• AngelYeast
• Anhui Shunxin Shenyuan Biological Food
• Axiom Foods
• BENEO
• Beyond Meat
• bGREEN
• Birdman
• Believer Meats
• Bob's Red Mill Natural Foods
• COSUCRA
• The Emsland Group
• Farbest Brands
• Fuji Oil Holdings

Key Attributes:

SEGMENTATION & FORECASTS

• By Source
  • Plant-based Protein
  • Cultivated Protein
  • Microbial Protein
  • Insect-based Protein
• By Distribution Channel
  • Offline
  • Online
• By Application
  • Food & Beverage
  • Dietary Supplement
  • Animal Feed
  • Others

For more information about this report visit https://www.researchandmarkets.com/r/nq7xyu

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