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Alternative Protein Market Share

Report ID: GMI5125
Published Date: Jul 2024
Report Format: PDF

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Alternative Protein Market Share for Food Application Share

Alternative Proteins Market Company Market Share, (2023)

Leading alternative protein firms are heavily investing in R&D activities to enhance the taste, texture, and nutritional value of their products for ensuring they meet consumer expectations. Strategic partnerships and collaborations with food technology companies, academic institutions and agricultural organizations are commonly deployed to facilitate innovation and development. Marketing efforts are also focusing on educating consumers about the environmental health benefits of alternative protein targeting.

Alternative Protein Market Companies for Food Application Share

Major players operating in the alternative protein industry size for food application include:

Archer Daniels Midland Company
Scoular Company
Cargill
DSM NV
Ingredion
Kerry Group

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of alternative protein for food application reached USD 79.7 billion in 2023 and is set to grow at 11% CAGR through 2032, driven by combination of environmental, health, and ethical considerations.

The plant-based segment in the alternative protein industry for food application will generate over USD 149.17 billion by 2032, due to its broad appeal, sustainability benefits, and continuous innovation.

North America market size was valued at over USD 12.9 billion in 2023 and is expected to exceed USD 32.1 billion by 2032, attributed to rising investments in food technology.

Archer Daniels Midland Company, Scoular Company, Cargill, DSM NV, Ingredion, and Kerry Group