Alternative Protein Market Size 2019, Statistics, Forecast to 2030
Global alternative protein market size reached USD 14.76 billion in 2021 and is expected to register a revenue CAGR of 11.1% during the forecast period, according to the latest analysis by Emergen Research.
Factors such as changing food preferences and diets and increase in lifestyles-related health conditions, shift to vegan diets, rising focus on personal health and wellness, and rising disposable income among consumers in developing economies are some key factors driving market revenue growth.
Animal proteins are derived from sources such as meat, eggs, milk, and fish, and have higher quality of proteins owing to content of essential amino acids; whereas, plant-based products have a limited amount of some amino acids, but not all amino acids. Changing climate and environmental impact caused by producing traditional livestock or animal-based protein, and rising food demand globally are other factors driving market growth. Availability of and rising preference for protein from alternative vegan sources such as algae and plants is steadily gaining traction, and rapid approvals by concerned authorities and bodies is supporting growth of the market.
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Prominent Players Analyzed in the Report: Kerry Inc., DuPont de Nemours Inc., Corbion NV, Glanbia PLC, Tate & Lyle PLC, The Archer Daniels Midland Company, Ingredion Incorporated, Cargill Incorporated among others.
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027.
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According to the regional analysis, the market is primarily spread over key geographical regions as follows: North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
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Furthermore, the report divides the Alternative Proteins market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) Plant Protein Mycoprotein Algal Protein Insect Protein
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) Food and Beverages Dietary Supplements Animal Feed and Pet Food Personal Care and Cosmetics
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Overview of the Alternative Proteins Market Report: Introduction, Product Scope, Market Overview, and Opportunities Analysis of the Manufacturers with sales, revenue, and price analysis Comprehensive analysis of the competitive landscape Extensive profiling of the key competitors along with their business strategies and market size Regional analysis of the market along with sales, revenue, market share, and global position Country-wise analysis of the market along with types, applications, and manufacturing Strategic recommendations to established players as well as new entrants In-depth analysis of the risks, restraints, and limitations in the Alternative Proteins industry
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