The global Alternative Proteins Market is projected to reach USD 3.89 billion by 2027, according to a recent report by Emergen Research. Over the years, there has been a growing change in diets and lifestyles that have occurred with increasing industrialization, economic development, millennials, and globalization. This is often expected to possess a substantial impact on the nutrition, health and awareness status of the worldwide population, particularly in developing countries, which has actually led to the emergence and growth of this market.
The primary goal of the choice proteins is to reduce the climatic impact on the environment thanks to producing traditional livestock proteins, thereby offering other ways to feed the growing population. Hence, alternative protein products that are made up of known ingredients, like algae and plant proteins are quickly and simply approved for safety by the FDA; whereas, products that involve heavy processing or a scientific approach got to follow the lengthy approval process in some regions.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Alternative Proteins industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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According to our analysts, between the span of 2019 and 2025, most of the demand for alternative proteins is predicted to be driven by urbanization with new consumer aspiration including growing population, innovation in food technology, growing venture investments in alternative protein companies, and high nutritional value of edible insects. Beyond the associated health benefits, consumers across the world believe that plant-based proteins improve their overall health and helps with weight management. Thus, as consumer interest is growing in health, sustainability, and ethics; plant protein intake is on the increase in many regions, particularly promising is that the marketplace for meat and dairy alternatives.
The global Alternative Proteins market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
The market trends are in increasing interest, research, and capitalization around using new or non-traditional animals for protein for human consumption. as an example , through a completely unique process referred to as cellular agriculture, animal protein found in milk, meat, and eggs are often manufactured in laboratory settings through cell cultures.
Key participants include Kerry Inc., DuPont de Nemours Inc., Corbion NV, Glanbia PLC, Tate & Lyle PLC, The Archer Daniels Midland Company, Ingredion Incorporated, Cargill Incorporated among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
- Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Plant Protein
- 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
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global Alternative Proteins market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Alternative Proteins market?
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Global Alternative Proteins Market Report – Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Alternative Proteins Market Segmentation & Impact Analysis
4.1. Alternative Proteins Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Evolving consumer and market trends
184.108.40.206. Preferences being shifted to plant protein
4.2.3. Market restraints analysis
220.127.116.11. Economical viability on a large scale
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Alternative Proteins Market By Source Type Insights & Trends, Revenue (USD Million)
5.1. Source Type Dynamics & Market Share, 2019 & 2027
5.1.1. Plant Protein
5.1.3. Algal Protein
5.1.4. Insect Protein
Chapter 6. Alternative Proteins Market By Application Type Insights & Trends, Revenue (USD Million)
6.1. Application Type Dynamics & Market Share, 2019 & 2027
6.1.1. Food and Beverage
6.1.2. Dietary Supplements
6.1.3. Animal Feed and Pet Food
6.1.4. Personal Care and Cosmetics
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