Alternative Protein Market size was valued at US$ 16.88 Billion in 2022 and the total Alternative Protein revenue is expected to grow at 9.84% through 2023 to 2029, reaching nearly US$ 32.58 Billion.
Alternative Protein Market Overview :
Maximize Market Research, a leading firm, has published a comprehensive report on the Alternative Protein Market. The report provides an overview of the market, including its scope, research methodology, gross profit margin, cost market share, market capability, and supply and demand analysis. This data helps identify key drivers that impact market growth. The report also highlights key industries and presents widely available data.
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Alternative Protein Market Scope :
The Alternative Protein market heavily relies on pictorial, graphical, and numerical data, which are analyzed and presented comprehensively within the market scope. The scope of the report showcases various opportunities and mediums for market analysis. Primary data refers to authentic information obtained from reliable sources, while secondary data consists of existing information used for research, analysis, and decision-making purposes. The report includes an in-depth analysis of the Alternative Protein market and its segmentation. It also provides a regional analysis of market dynamics, enabling investors and readers to compare past and current market trends. SWOT analysis is performed to identify market strengths and weaknesses, while PESTLE analysis is conducted to understand the business direction, growth targets, and upcoming risks. The report also covers current market trends and provides forecasts for the upcoming years.
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Alternative Protein Market Segmentation :
According to Source, the plant protein market was the largest in the world in 2022. The highest CAGR of 6.7% is anticipated for this market category during the forecast period (2023-2029). Wheat, soy, pea, and oat-based proteins are subdivided further into plant-based proteins. Different egg- and meat-based products use pea-based proteins. The primary driver of the pea processing segment growth is low processing costs. Additionally, the majority of ailments, according to the CDC (Centre for Prevention of Disease and Control), are brought on by eating non-vegetarian food. This is anticipated to fuel this segment’s growth during the same forecast period.
In terms of Application, the food and beverage sector will rule the global market for alternative proteins in 2022. During the aforementioned forecast period, this segment is also anticipated to expand at the highest CAGR of 5.6%. This is caused by the fast replacement of conventional protein sources by alternative foods like paneer.
The global market for alternative protein as a dietary supplement is expected to grow significantly. This is related to the demand for protein supplements in the healthcare sector. Doctors are most likely to suggest dietary protein supplements to patients who have disorders like Kwashiorkor and cachexia that are protein-deficient. During the aforementioned forecast period, these factors are anticipated to have an impact on the worldwide alternative protein market.
Alternative Protein Market, Key Players :
1. Corbion Biotech Inc.
2. Agriprotein Holdings Ltd
3. Algatechologies Ltd.
4. BurconNutraScience Corporation
5. Aspire Food Group
6. EntofoodSdn Bhd
7. MycoTechnology Inc.
8. Tianjin Norland Biotech Co., Ltd
9. Enterra Feed Corporation
10. Glanbia Plc.
11. Microalgaetech International SdnBhd
12. Ingredion Incorporated
13. Sun Chlorella Corporation
14. Parabel, Inc.
15. Plantible Foods, Inc.
16. Now foods
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Regional Analysis :
The report emphasizes Alternative Protein market strategy and planning through regional analysis. This analysis incorporates various techniques and tactics to enhance understanding. Regional analysis continuously monitors business growth and helps target clients, thereby impacting regional business or market. The report presents different levels of data for regional perspectives, including competitiveness, market pricing, quantity, and quality.
Key Questions Answered in the Alternative Protein Market Report:
- What is the definition of the Alternative Protein Market?
- What is the forecast period for the Alternative Protein Market?
- What is the competitive scenario of the Alternative Protein market?
- Which region holds the largest market share in the Alternative Protein Market?
- What are the opportunities for the Alternative Protein Market?
- What factors are affecting the growth of the Alternative Protein market?
- Who are the key players in the Alternative Protein market?
- Which company holds the largest share in the Alternative Protein market?
- What will be the compound annual growth rate (CAGR) of the Alternative Protein market during the forecast period?
- What key trends are likely to emerge in the Alternative Protein market in the coming years?
Key Offerings:
- Market Share, Size, and Revenue Forecast | 2023-2029
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Alternative Protein
- Landscape: Leading key players and other prominent participants.
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