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Alternative Protein Market Share

Report ID: GMI5289
Published Date: Sep 2024
Report Format: PDF

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Alternative Protein Market Share

The alternative protein industry is experiencing significant demand, driven by concerted efforts from companies to meet the growing consumer shift towards sustainable and plant-based diets. Leading firms are investing in research and development to create innovative protein alternatives that mimic the taste and texture of traditional animal products. Companies like Beyond Meat, Impossible Foods, and Nestlé have expanded their product lines, emphasizing health benefits, environmental sustainability, and ethical considerations. Collaborations with food service providers and retailers have also increased the accessibility of these products, further fueling market growth as consumers seek healthier and eco-friendly protein sources.

Alternative Protein Market Companies

Global alternative protein industry is competitive, and key players include

Hamlet Protein
Archer Daniel Midland Company
Puris
Axiom Foods
Darling Ingredients
Innovafeed
Lallemand Inc
AB Mauri
Soja Protein
Ingredion
Cargill Incorporation
Royal DSM NV
AMCO Proteins
Ynsect
Angel Yeast
Calysta Inc.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of alternative protein reached 11% CAGR between 2024 and 2032, due to growing consumer awareness of health, sustainability, and ethical issues.

The food applications segment will surpass USD 186.5 billion by 2032, owing to the rising consumer demand for plant-based and sustainable food products.

North America market will witness 17.5% CAGR through 2032, driven by strong consumer demand for plant-based foods and increasing awareness of health and environmental issues.

Prominent players operating in the industry are Kerry Group, Archer Daniels Midland Company, DSM NV, Ingredion, Scoular Company, and Cargill, among others.