Alternative Protein Market To Be Driven By Expansion In E-Commerce Industry In The Forecast Period Of 2030
Global alternative protein market size reached USD 14.76 billion in 2021 and is expected to register a revenue CAGR of 11.1% during the forecast period, according to the latest analysis by Emergen. Rising per capita income and increasing demand for vegan and plant-based are expected to support market revenue growth between 2022 and 2030. Besides increasing demand for organic products, shift toward sustainable lifestyle is further expected to drive market revenue growth.
In addition, rising demand for vegan and organic food
products due to their health advantages has led to rise in preference for
plant-based protein products, which is expected to contribute significantly to
market revenue growth.
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Rising demand for organic products and shift toward a
sustainable lifestyle are significant factors that are expected to increase
demand for alternative protein. Increasing awareness of health risks associated
with meat consumption and growing activism against animal cruelty have led to
rising adoption of vegan products as an alternative source of protein content.
According to World Health Organization (WHO) International Agency for Research
on Cancer (IARC), intake of red meat is carcinogenic to humans. These
conclusions had been based on the proof for colorectal cancer.
Market Scope:
One of the report’s
central components is the broad Alternative Protein market segmentation that
includes the product type gamut, application spectrum, end-user industry
landscape, significant geographical regions, and the top market contenders. The
report contains unbiased industry expert opinions on the current market
scenario, past market performance, production & consumption rates, demand
& supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales
volumes, sales revenue, manufacturing costs, and other financial ratios, have
been accurately gauged in the report.
Key players involved
in the market such as Kerry Inc., DuPont de Nemours Inc., Royal
Avebe UA, Corbion NV, Glanbia PLC, Cargill Incorporated, Ingredion
Incorporated, The Archer Daniels Midland Company, Roquette Frères Le Romain, and
Tate & Lyle PLC.
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The global Alternative Protein market report
covers the analysis of drivers, trends, limitations, restraints, and challenges
arising in the Alternative Protein market. The report also discusses the impact
of various other market factors affecting the growth of the market across
various segments and regions. The report segments the market on the basis of
types, applications, and regions to impart a better understanding of the Alternative
Protein market.
Emergen Research has segmented global
alternative protein market on the basis of source, application, form, and
region:
Source Outlook (Revenue, USD Billion,
Volume, Kilo Tons;2019–2030)
Plant-based
Insect-based
Microbial-based
Application Outlook (Revenue, USD
Billion, Volume, Kilo Tons; 2019–2030)
Meat Substitutes
Dairy Alternatives
Bakery
Nutrient Supplement
Form Outlook (Revenue, USD Billion,
Volume, Kilo Tons;2019–2030)
Dry Form
Wet Form
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Key Highlights
From the Report
Plant-based segment revenue is expected to grow at a
substantially rapid CAGR during the forecast period due to rising demand for
plant-based protein substitutes.
Dairy alternatives segment is expected to account for
the largest revenue growth over the forecast period due to increasing use of
protein concentrate in food and bakery products.
North America is expected to register higher revenue
growth rate in plant-based protein market over the forecast period due to
robust presence of international and domestic enterprises providing plant-based
protein products, such as Kerry Inc., Cargill Incorporated, Ingredion
Incorporated, and Tate & Lyle PLC.
Regional Analysis:
This section of the report offers valuable
insights into the geographical segmentation of the Alternative Protein market,
alongside estimating the current and future market valuations based on the
demand-supply dynamics and pricing structure of the leading regional segments.
Furthermore, the growth prospects of each segment and sub-segment have been
meticulously described in the report.
The report classifies the global Alternative
Protein market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
Europe (U.K., Italy, Germany, France, Rest of
EU)
Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the
U.A.E., South Africa, Rest of MEA)
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Highlights of the TOC:
1. Report Overview
1.1 Research Scope
1.2 Key Alternative Protein market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Alternative Protein market size
2.2 Latest Alternative Protein market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Alternative Protein market key
players
3.2 Global Alternative Protein size by
manufacturers
3.3 Products of major players
3.4 Entry barriers in the Alternative Protein
market
3.5 Mergers, acquisitions, joint ventures, and
strategic alliances
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