The global market for Protein Alternatives is estimated at US$3.9 Billion in 2023 and is projected to reach US$6.8 Billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the protein alternatives market is driven by several factors, including increasing consumer awareness of the health and environmental benefits associated with alternative proteins, technological advancements in food science, and changing dietary preferences towards more sustainable and ethical food choices. The rise of veganism and vegetarianism globally also propels the demand for high-quality protein sources that do not involve animal products. Additionally, government policies and investments in sustainable food systems are encouraging the development of the protein alternative sector. As global populations continue to grow and the strain on traditional food systems increases, protein alternatives are becoming not just a dietary preference but a necessity.
The growth in the protein alternatives market is driven by several factors, including increasing consumer awareness of the health and environmental benefits associated with alternative proteins, technological advancements in food science, and changing dietary preferences towards more sustainable and ethical food choices. The rise of veganism and vegetarianism globally also propels the demand for high-quality protein sources that do not involve animal products. Additionally, government policies and investments in sustainable food systems are encouraging the development of the protein alternative sector. As global populations continue to grow and the strain on traditional food systems increases, protein alternatives are becoming not just a dietary preference but a necessity.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plant Protein segment, which is expected to reach US$2.6 Billion by 2030 with a CAGR of a 9.3%. The Insect Protein segment is also set to grow at 8.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 9.6% CAGR to reach $472.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Protein Alternatives Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Protein Alternatives Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Protein Alternatives Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Archer Daniels Midland Company, Amway Corporation, Avebe Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 111 Featured):
- Archer Daniels Midland Company
- Amway Corporation
- Avebe Group
- BENEO GmbH
- A&B Ingredients, Inc.
- AMCO Proteins
- Blue Diamond Growers, Inc.
- Algatechnologies Ltd.
- Batory Foods, Inc.
- Agridient
- AGT Food and Ingredients
- Axiom Foods, Inc.
- Beyond Meat
- Aspire Food Group
- Before The Bucher
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISITALYSPAINRUSSIAREST OF EUROPEIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
MACRO DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Archer Daniels Midland Company
- Amway Corporation
- Avebe Group
- BENEO GmbH
- A&B Ingredients, Inc.
- AMCO Proteins
- Blue Diamond Growers, Inc.
- Algatechnologies Ltd.
- Batory Foods, Inc.
- Agridient
- AGT Food and Ingredients
- Axiom Foods, Inc.
- Beyond Meat
- Aspire Food Group
- Before The Bucher
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 391 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3.9 Billion |
| Forecasted Market Value ( USD | $ 6.8 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
