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Alternative Protein Market Trends

  • Report ID: GMI5125
  • Published Date: Jul 2024
  • Report Format: PDF

Alternative Protein Market Trends for Food Application Trends

The integration of advanced biotechnology and fermentation processes to enhance product quality and scalability will favor the market growth. Precision fermentation, which uses genetically engineered microorganisms to produce protein components, is gaining momentum due to its ability to produce high-quality proteins with specific nutritional values ??and functions. Emerging hybrid products that combine plant-derived and cell-derived proteins are also resulting in improved taste and texture with optimized production costs. For instance, in February 2024, Vivici launched its nature-identical whey protein made using precision fermentation.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of alternative protein for food application reached USD 79.7 billion in 2023 and is set to grow at 11% CAGR through 2032, driven by combination of environmental, health, and ethical considerations.

The plant-based segment in the alternative protein industry for food application will generate over USD 149.17 billion by 2032, due to its broad appeal, sustainability benefits, and continuous innovation.

North America market size was valued at over USD 12.9 billion in 2023 and is expected to exceed USD 32.1 billion by 2032, attributed to rising investments in food technology.

Archer Daniels Midland Company, Scoular Company, Cargill, DSM NV, Ingredion, and Kerry Group

Alternative Protein Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 39
  • Tables & Figures: 532
  • Countries covered: 17
  • Pages: 300
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