GVR Report cover Alternative Protein Market Size, Share & Trends Report

Alternative Protein Market Size, Share & Trends Analysis Report By Source (Plant Based, Lab created, and Microbiological Protein), By Application (Food, Animal feed, Legumes, Whole Grain, and others), By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454705
  • Number of Pages: 0
  • Format: Electronic (PDF)

Alternative proteins are proteins generated from sources other than standard animal products including meat, dairy, and eggs. Plant-based proteins, microbial proteins, and lab-grown proteins are among them. The U.S. and Canada are leading the way in alternative protein consumption, with a wide range of plant-based and cell-based products available in supermarkets and restaurants. In addition, Asia is also a large and diverse region, with different countries at different stages of adopting alternative proteins. Japan, South Korea, and China are among the countries where alternative protein consumption is on the rise. According to European Food Information Council (EUFIC), plant protein, lab-grown meat, edible insects, and algae were 5 trending protein sources as an alternative to meat in Europe. In May 2021, Unilever announced that it would partner with ENOUGH (3FBIOLtd.) to offer plant-based meat products to the market.

According to the National Library of Medicine, Covid-19 had increased the demand for alternative protein as the pandemic made consumers more health conscious. However, the supply chain got disrupted as production stopped, which adversely affected the market.

The increasing demand for healthy, sustainable, and ethical food production is the driving factor behind alternative proteins. The demand for meat and animal-based products is expected to increase as the world population expands. Traditional farming practices, on the other hand, have been associated with negative environmental impacts such as deforestation, greenhouse gas emissions, and water pollution. Furthermore, animal farming methods have been condemned for their ethical consequences, such as concerns about animal welfare. Alternative proteins are growing in popularity since they are a more sustainable and ethical alternative to traditional animal products. Another motivating factor for the emergence of alternative proteins is the growing health risks linked with animal-based diets.

Plant-based proteins, on the other hand, have been found to provide a variety of health benefits. Technological improvements are also driving the growth of alternative proteins. Innovations in food processing technologies have made it possible to make alternative proteins that are more affordable, tastier, and more accessible than ever before. For instance, lab-grown meat is becoming more viable. According to the U.S. Food and Drug Administration (FDA), in November 2022, lab grown meat received permission for human consumption. Companies can make cell-cultured chicken market by harvesting cell from an animal after approval by the U.S department of agriculture.

Alternative Protein Market Segmentation

  • By Type

    • Plant Based

    • Animal Based

    • Microbiological Protein

  • By Application

    • Food

    • Animal Based

    • Legumes

    • Whole Grain

  • Key player

    • Hamlet Protein

    • Tyson Food, Inc.

    • Beyond Meat, Inc.

    • Danone S.A.

    • Nestle

    • Pembient, Inc.

    • Impossible Foods Inc.

    • Novozymes

    • Integri Culture Inc.

    • Carrefour

  • By Region

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Russia

      • UK

      • Germany

      • France

    • Middle East Africa

      • South Africa

      • UAE

      • Saudi Arabia

    • Asia Pacific

      • India

      • China

      • Japan

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