Projection of Revenue Growth:
The Alternative Protein Market size was valued at US$ 18.54 Billion in 2023 and the total Alternative Protein revenue is expected to grow at 9.84% through 2024 to 2030, reaching nearly US$ 35.76 Billion.
Alternative Protein Market Overview
The report presents a comprehensive overview of the Alternative Protein Market, including market shares, drivers, restraints, and growth opportunities. It covers both international and domestic markets, providing landscape analysis, trade insights, and key regions of development.
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Alternative Protein Market Report Scope and Research Methodology
The research for this report insights a comprehensive analysis of the global Alternative Protein Market, focusing on both value and volume aspects, and includes forecasts for the projected period. Regional and country-level analyses are conducted to identify recent and future growth trends, prospects, and their respective contributions to the market. The report provides crucial metrics such as the market's Compound Annual Growth Rate (CAGR), market size, value, volume, revenue, sales, and other key factors related to the Alternative Protein Market. Each segment of the industry is evaluated based on its growth rate and market share. Additionally, a thorough analysis of key market players by region is conducted, encompassing their revenue, financial status, and technical developments, offering insights into the competitive landscape of the market. The bottom-up approach is employed to accurately estimate the Alternative Protein Market size.
Alternative Protein Market Regional Insights
The Alternative Protein Market is segmented into major regions, including North America, Europe, Asia Pacific, The Middle East and Africa, and South America, offering a comprehensive understanding of its global presence and regional impact.
Alternative Protein Market Segmentation
by Source
Plant Protein
Mycoprotein
Algal Protein
Insect Protein
by Form
Dry Form
Wet Form
by Application
Food
Beverage
Dietary Supplement
Feed Industry
Alternative Protein Market Key Players
North America
1. Beyond Meat
2. Impossible Foods
3. Aspire Food Group
4. MycoTechnology Inc.
5. Maple Leaf Foods
6. Eat Just
7. Conagra Brands
8. Wicked Kitchen
9. UPSIDE Foods
10. Plantible
11. Livekindly
12. Fazenda Futuro
Europe
13. Sunfed
14. Tomorrow Foods
15. Planteneers
16. THIS
17. Sgaia's Vegan Meats
APAC
18. Ento (Food Products)
19. Monde Nissin
20. Morinaga Nutritional Foods
21. Vitasoy International Holdings
22. Hakubaku Co., Ltd.
23. Shandi
24. Life Health Foods
ME
25. Aleph Farms
26. Yofix
South America
27. Superbom
28. Naturattiva
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Conclusion:
The Alternative Protein Market, valued at USD 18.54 billion in 2023, is anticipated to reach approximately USD 35.76 billion by 2030, growing at a robust CAGR of 9.84%. This growth is driven by increasing investments in plant-based protein companies, a rising shift towards vegetarian and vegan diets, and the urgent need to address climate change by reducing greenhouse gas emissions from livestock. Plant proteins, particularly from sources like peas and soy, are expected to dominate, while mycoproteins and insect proteins are also gaining traction. Despite challenges such as consumer reluctance to switch from traditional meat and varying regional preferences, the market's trajectory reflects a significant shift towards sustainable and health-conscious food alternatives, highlighting its potential for substantial future growth.
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