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Alternative Protein Market Size for Food Application - By Source (Plant-based, Insect-based, Microbial-based {Bacteria, Yeast, Algae}), Application (Meat Analogs, Bakery, Dairy Alternatives, Cereals & Snacks, Beverages), Regional Outlook & Forecast, 2023- 2032

  • Report ID: GMI5125
  • Published Date: Nov 2023
  • Report Format: PDF

Alternative Protein Market Size for Food Application

Alternative Protein Market size for Food Application is anticipated to witness more than 17.5% CAGR from 2023 to 2032, driven by the influx of plant-based trends and the rising innovations in plant-based alternatives, such as sausages, burgers, and dairy substitutes.

 

Alternative Protein Market size for Food Application

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The growing popularity of cellular agriculture, comprising the development of cultured and lab-grown meat has compelled multiple companies to focus on R&D activities to address the mounting sustainability concerns related to traditional livestock farming. The hefty investments and fundings in the alternative protein sector from venture capitalists and major food corporations for scaling up of the production capabilities will also prove favorable for the alternative protein market for food application expansion. To cite an instance, in September 2023, UK Research and Innovation (UKRI) disclosed plans to invest £15 million for creating a new hub for sustainable protein research in a bid to scale up the production of high-quality plant-based, fermented and cultivated meat.

The rising consumer awareness regarding the environmental impacts of traditional livestock farming will play ideal role in the adoption of alternative protein products on account of their lower environmental footprint. On the contrary, the growing concerns of allergies associated with the consumption of different alternative proteins may hinder the alternative protein market for food application growth to some extent.
 

COVID-19 Impact

The COVID-19 pandemic positively influenced the market growth due to the increased focus on personal health and well-being, pushing individuals to explore alternative protein sources compared to traditional animal products. The limitations in traditional meat supply chains led to disruptions in production and distribution, further contributing to the adoption of alternative proteins as more resilient and sustainable options with potentially shorter and controllable supply chains. The surging preference for online platforms to purchase plant-based and alternative protein products for home cooking driven by restrictions on dining out also added to the product demand in the pandemic.
 

Alternative Protein Market Trends for Food Application

The rising government support in recognizing the potential benefits of alternative proteins for sustainability through funding and regulatory frameworks to encourage the development and sale of products will contribute to the industry growth. To cite an instance, in November 2023, the German Government, in its 2024 budget, allocated €38m for promoting precision-fermented, cultivated as well as plant-based meat and dairy alternatives. The growing collaborations of several government agencies with research institutions and universities for advancing in alternative proteins and their potential impacts on health and environment will also influence the product uptake.
 

Alternative Protein Market Analysis for Food Application

Based on source, the plant-based segment is projected to observe over 17.5% CAGR through 2032, due to the surging emphasis on healthy lifestyles driven by the rising burden of lifestyle and chronic disorders.
 

  • The rapidly expanding vegan population base worldwide coupled with the increasing cases of lactose intolerance is surging the demand for plant-based alternative protein products. As per the American College of Gastroenterology, nearly 15% of adult Caucasians and around 85% of adult African Americans in the U.S. are lactose intolerant.
     
  • The growing concerns regarding the environmental impacts of conventional animal agriculture, including water usage, deforestation, and greenhouse gas emissions are urging individuals to seek more sustainable food options.
     
  • The rising innovations in plant-based proteins to render lower environmental footprint is further making way for numerous growth opportunities for the industry players, adding to the market growth. For instance, in March 2023, Cargill partnered with Cubiq Foods, a well-known Spanish food tech start-up for accelerating healthier, more sustainable and better-tasting plant-based food solutions in Europe.
     

The meat analogs application segment in the alternative protein market for food application is expected to garner significant revenue by 2032.

 

  • The higher intake of meat and meat products is resulting in the growing incidences of animal-borne diseases, shifting the attention of health-conscious consumers toward meat analogs, subsequently adding to the demand for alternative proteins. According to a UN report published in July 2022, the diseases spread from animals to people witnessed 63% jump in Africa in the last decade.
     
  • The surging advancements in food technology, including ingredient formulations and processing techniques are making way for the launch of alternative proteins with texture, improved taste, and nutritional profiles, further enhancing the overall appeal of meat analogs. To illustrate, in March 2023, Kerry unveiled its game-changing solution for plant-based meat alternatives, SucculencePB, for re-creating the taste of meat.
     

Asia Pacific alternative protein market for food application is estimated to record over 18.5% CAGR between 2023 and 2032. The higher consumer spending on healthy and protein-fortified products along with the strong focus on active & healthy lifestyles and exercises is driving the rising intake of human nutrition supplements in the region. The growing interest in seafood alternatives is also compelling several companies to introduce plant-based and cell-based seafood products for addressing concerns related to overfishing and environmental sustainability, adding to the regional market expansion. For instance, in June 2023, Nestlé introduced plant-based alternatives containing soy, wheat and peas to white fish, such as breaded fish fillets, nuggets and fingers for the Asian market.
 

Alternative Protein Market Share for Food Application

Major companies operating in the food alternative protein industry are engaging in various growth-driven strategies to gain competitive edges. For instance, Cargill, a pioneer in producing transformative, innovative, sustainable solutions for the animal production industry, is leading the way for patent applications of plant-based meat in par with Nestlé and DSM-Firmenich.
 

Some of the other major alternative protein for food application providers include:

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

Alternative Protein industry New for Food Application

  • In April 2022, Archer Daniels Midland (ADM) invested nearly $300 million to ramp up the manufacturing of alternative proteins in its Decatur, Illinois plant to augment its soy protein concentrate capacity as well as nearly double the extrusion capacity of the facility. The project is expected to be completed in the Q1 of 2025.
     
  • In August 2022, ADM partnered with leading animal-free dairy company New Culture to scale up the development and commercialization of alternative dairy products.
     

The alternative protein market for food application research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons, and revenue in USD Million from 2018 to 2032, for the following segments:

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Market, By Source

  • Plant-based
  • Insect-based
  • Microbial-based
    • Bacteria
    • Yeast
    • Algae
    • Others

Market, By Application

  • Meat analogs
  • Bakery
  • Dairy alternatives
  • Cereals & snacks
  • Beverages
  • Others

The above information has been provided for the following regions and countries:

  • North America 
    • U.S
    • Canada
    • Mexico  
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
  • Latin America 
    • Brazil
  • Middle East and Africa 
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of alternative protein for food application is poised to expand at 17.5% CAGR from 2023 to 2032, led by the rising innovations in plant-based alternatives, such as sausages, burgers, and dairy substitutes.
Alternative protein industry for food application from the plant-based source segment is projected to observe over 17.5% CAGR from 2023 to 2032 due to the surging emphasis on healthy lifestyles across the globe.
Demand for alternative proteins for food application in the Asia Pacific is projected to record over 18.5% CAGR from 2023 to 2032, owing to the higher consumer spending on healthy and protein-fortified products along with the rising intake of human nutrition supplements in the region.
Some of the leading alternative protein providers for food applications include Archer Daniels Midland Company, Cargill, Ingredion, Kerry Group, DSM NV, and Scoular Company

Alternative Protein Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 271
  • Countries covered: 17
  • Pages: 295
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