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Alternative Protein Market Share

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

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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

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