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Alternative Protein Market Share

  • Report ID: GMI5289
  • Published Date: Jul 2022
  • Report Format: PDF

Alternative Protein Market Share

Global alternative protein industry is competitive, and key players include

  • Hamlet Protein
  • Archer Daniel Midland Company
  • Puris
  • Axiom Foods
  • Darling Ingredients
  • Innovafeed
  • Lallemand Inc
  • AB Mauri
  • Soja Protein
  • Ingredion
  • Cargill Incorporation
  • Royal DSM NV
  • AMCO Proteins
  • Ynsect
  • Angel Yeast
  • Calysta Inc.

The market players are showing high interest in the market with adoption of strategies such as partnerships, product launch merger & acquisitions, for applications such as food and animal feed.

In August 2021, Hamlet Protein announced the launch of HP FiberBoost, a pure fiber product containing functional fibres produced specifically for dietetic use in piglets. The strategic initiative was aimed to enhance the company’s product offerings.

In April 2021, Archer Daniel Midland Company announced the opening of an innovation lab in Singapore dedicated to plant-based proteins. The strategic initiative was aimed to increase production of alternative proteins and meet the growing demand for food & beverages in the APAC region.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global alternative protein industry size had crossed USD 60.45 billion in 2021 and is projected to record an 18.5% CAGR between 2022 and 2028 driven by the thriving focus of feed manufacturers to come up with feed products that have high nutritional value.

The microbial-based alternative protein market is expected to surpass USD 41.75 billion by 2028, ascribing to the higher adoption of sustainable sources for food and animal nutrition.

The alternative protein market share from the food application segment is likely to exceed USD 186.5 billion by 2028 due to the growing consumer awareness regarding the harmful health effects of meat & meat products.

The alternative protein market in North America had crossed USD 10 billion in 2021 and is poised to observe a 17.5% growth rate through 2028 owing to the increasing need for nutritious ingredients and the growing consumer attention toward preventive healthcare.

Alternative Protein Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 39
  • Tables & Figures: 761
  • Countries covered: 22
  • Pages: 540
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