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Report Scope & Overview:

Alt Protein Market is expected to be valued at $76.3 billion in 2023 and to reach $423 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 19%.

Alt Protein Market Overview:

Global Alt Protein Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Alt Protein Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, Alt Protein market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Alt Protein market research is expected to experience further growth and innovation in the coming years.

Market Dynamics:

Rising Consumer Demand: Growing awareness of the environmental effect of traditional animal agriculture, concerns about health and wellbeing, and a growing interest in cruelty-free and sustainable products have spurred consumer demand for alternative protein sources.

Environmental Sustainability: The environmental impact of traditional animal production, including land use, water consumption, and greenhouse gas emissions, has prompted consumers, investors, and governments to explore more sustainable protein alternatives.

Investment and Innovation: The alternative protein business has received significant investment from venture capital firms, food corporations, and even traditional meat producers. This infusion of funds has boosted research and development activities, resulting in advancements in production methods, taste, texture, and nutritional profiles of alternative protein products.

Product Variety and Quality: With increased funding and research, there has been a discernible improvement in the flavor and standard of alternative protein products. This has contributed to dispelling the myth that meat substitutes made from plants are tasteless or inferior.

Accessibility in Popular Settings: Alternative protein products are getting easier to find in popular settings including restaurants, quick food outlets, and grocery shops. They have been more widely adopted by customers as a result of their accessibility.

Regulatory Environment: Regulatory organizations are attempting to provide precise regulations for the labeling, security, and manufacturing of alternative protein products. The regulatory environment will be extremely important in determining how the industry develops in the future.


Market Segmentations:

Global Alt Protein Market: By Company
• Kerry
• Cargill
• Archer Daniels Midland
• Glanbia
• CHS
• Tereos Syral
• CP Kelco
• Davisco
• Meelunie
• DuPont
• MGP Ingredient
• Taj Agro Product
• Glico Nutrition

Global Alt Protein Market: By Type
• Plant-Based
• Fungi-Based
• Algae-Based
• Insect-Based
• Others

Global Alt Protein Market: By Application
• Food & Beverage
• Healthcare Products
• Others

Global Alt Protein Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Alt Protein market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Repot Attribute/MetricDetails
Market Size Value in 2023$76.3 billion
Projected Market Size 2033$423 billion 
Compound Annual Growth Rate (CAGR)19%
Base Year2022
Forecast Period2023 to 2032
Historical Data2018-2022
Forecast UnitsValue ( $ billion )
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends 
By Type• Plant-Based
• Fungi-Based
• Algae-Based
• Insect-Based
• Others
By Application• Food & Beverage
• Healthcare Products
• Others
Key Companies Profiled• Kerry
• Cargill
• Archer Daniels Midland
• Glanbia
• CHS
• Tereos Syral
• CP Kelco
• Davisco
• Meelunie
• DuPont
• MGP Ingredient
• Taj Agro Product
• Glico Nutrition
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request

Reasons to Purchase Alt Protein Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of Alt Protein Market Study:
The objectives of Alt Protein market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Alt Protein market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Alt Protein market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

  Challenges include achieving cost competitiveness with traditional meat, scaling up production, regulatory approvals for novel products like lab-grown meat, and consumer acceptance of new protein sources.

  The alt protein market offers potential benefits such as reduced greenhouse gas emissions, land and water use, and deforestation compared to traditional livestock farming.

  The alt protein market has the potential to reshape the food industry by offering more sustainable and diverse protein sources, impacting traditional agriculture, supply chains, and consumer preferences.

  The alt protein market is expected to continue its growth trajectory as technology improves, consumer demand increases, and more investment flows into research and development for alternative protein products.

  Alternative protein sources include plant-based proteins like soy, peas, lentils, and quinoa, as well as lab-grown proteins like cultured meat and cellular agriculture products.

TABLE OF CONTENT

1 Alt Protein Market Overview
1.1 Product Overview and Scope of Alt Protein
1.2 Alt Protein Segment by Type
1.2.1 Global Alt Protein Market Value Comparison by Type (2023-2029)
1.2.2 Plant-Based
1.2.3 Fungi-Based
1.2.4 Algae-Based
1.2.5 Insect-Based
1.2.6 Others
1.3 Alt Protein Segment by Application
1.3.1 Global Alt Protein Market Value by Application: (2023-2029)
1.3.2 Food & Beverage
1.3.3 Healthcare Products
1.3.4 Others
1.4 Global Alt Protein Market Size Estimates and Forecasts
1.4.1 Global Alt Protein Revenue 2017-2032
1.4.2 Global Alt Protein Sales 2017-2032
1.4.3 Global Alt Protein Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Alt Protein Market Competition by Manufacturers
2.1 Global Alt Protein Sales Market Share by Manufacturers (2017-2023)
2.2 Global Alt Protein Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Alt Protein Average Price by Manufacturers (2017-2023)
2.4 Global Alt Protein Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Alt Protein, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Alt Protein, Product Type & Application
2.7 Alt Protein Market Competitive Situation and Trends
2.7.1 Alt Protein Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Alt Protein Players Market Share by Revenue
2.7.3 Global Alt Protein Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Alt Protein Retrospective Market Scenario by Region
3.1 Global Alt Protein Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Alt Protein Global Alt Protein Sales by Region: 2017-2032
3.2.1 Global Alt Protein Sales by Region: 2017-2023
3.2.2 Global Alt Protein Sales by Region: 2023-2032
3.3 Global Alt Protein Global Alt Protein Revenue by Region: 2017-2032
3.3.1 Global Alt Protein Revenue by Region: 2017-2023
3.3.2 Global Alt Protein Revenue by Region: 2023-2032
3.4 North America Alt Protein Market Facts & Figures by Country
3.4.1 North America Alt Protein Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Alt Protein Sales by Country (2017-2032)
3.4.3 North America Alt Protein Revenue by Country (2017-2032)
3.4.4 United States
3.4.5 Canada
3.5 Europe Alt Protein Market Facts & Figures by Country
3.5.1 Europe Alt Protein Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Alt Protein Sales by Country (2017-2032)
3.5.3 Europe Alt Protein Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Alt Protein Market Facts & Figures by Country
3.6.1 Asia Pacific Alt Protein Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Alt Protein Sales by Country (2017-2032)
3.6.3 Asia Pacific Alt Protein Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Alt Protein Market Facts & Figures by Country
3.7.1 Latin America Alt Protein Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Alt Protein Sales by Country (2017-2032)
3.7.3 Latin America Alt Protein Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Alt Protein Market Facts & Figures by Country
3.8.1 Middle East and Africa Alt Protein Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Alt Protein Sales by Country (2017-2032)
3.8.3 Middle East and Africa Alt Protein Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Alt Protein Sales by Type (2017-2032)
4.1.1 Global Alt Protein Sales by Type (2017-2023)
4.1.2 Global Alt Protein Sales by Type (2023-2032)
4.1.3 Global Alt Protein Sales Market Share by Type (2017-2032)
4.2 Global Alt Protein Revenue by Type (2017-2032)
4.2.1 Global Alt Protein Revenue by Type (2017-2023)
4.2.2 Global Alt Protein Revenue by Type (2023-2032)
4.2.3 Global Alt Protein Revenue Market Share by Type (2017-2032)
4.3 Global Alt Protein Price by Type (2017-2032)
5 Segment by Application
5.1 Global Alt Protein Sales by Application (2017-2032)
5.1.1 Global Alt Protein Sales by Application (2017-2023)
5.1.2 Global Alt Protein Sales by Application (2023-2032)
5.1.3 Global Alt Protein Sales Market Share by Application (2017-2032)
5.2 Global Alt Protein Revenue by Application (2017-2032)
5.2.1 Global Alt Protein Revenue by Application (2017-2023)
5.2.2 Global Alt Protein Revenue by Application (2023-2032)
5.2.3 Global Alt Protein Revenue Market Share by Application (2017-2032)
5.3 Global Alt Protein Price by Application (2017-2032)
6 Key Companies Profiled
6.1 Kerry
6.1.1 Kerry Corporation Information
6.1.2 Kerry Description and Business Overview
6.1.3 Kerry Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.1.4 Kerry Alt Protein Product Portfolio
6.1.5 Kerry Recent Developments/Updates
6.2 Cargill
6.2.1 Cargill Corporation Information
6.2.2 Cargill Description and Business Overview
6.2.3 Cargill Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.2.4 Cargill Alt Protein Product Portfolio
6.2.5 Cargill Recent Developments/Updates
6.3 Archer Daniels Midland
6.3.1 Archer Daniels Midland Corporation Information
6.3.2 Archer Daniels Midland Description and Business Overview
6.3.3 Archer Daniels Midland Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Archer Daniels Midland Alt Protein Product Portfolio
6.3.5 Archer Daniels Midland Recent Developments/Updates
6.4 Glanbia
6.4.1 Glanbia Corporation Information
6.4.2 Glanbia Description and Business Overview
6.4.3 Glanbia Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Glanbia Alt Protein Product Portfolio
6.4.5 Glanbia Recent Developments/Updates
6.5 CHS
6.5.1 CHS Corporation Information
6.5.2 CHS Description and Business Overview
6.5.3 CHS Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.5.4 CHS Alt Protein Product Portfolio
6.5.5 CHS Recent Developments/Updates
6.6 Tereos Syral
6.6.1 Tereos Syral Corporation Information
6.6.2 Tereos Syral Description and Business Overview
6.6.3 Tereos Syral Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.6.4 Tereos Syral Alt Protein Product Portfolio
6.6.5 Tereos Syral Recent Developments/Updates
6.7 CP Kelco
6.6.1 CP Kelco Corporation Information
6.6.2 CP Kelco Description and Business Overview
6.6.3 CP Kelco Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.4.4 CP Kelco Alt Protein Product Portfolio
6.7.5 CP Kelco Recent Developments/Updates
6.8 Davisco
6.8.1 Davisco Corporation Information
6.8.2 Davisco Description and Business Overview
6.8.3 Davisco Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.8.4 Davisco Alt Protein Product Portfolio
6.8.5 Davisco Recent Developments/Updates
6.9 Meelunie
6.9.1 Meelunie Corporation Information
6.9.2 Meelunie Description and Business Overview
6.9.3 Meelunie Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.9.4 Meelunie Alt Protein Product Portfolio
6.9.5 Meelunie Recent Developments/Updates
6.10 DuPont
6.10.1 DuPont Corporation Information
6.10.2 DuPont Description and Business Overview
6.10.3 DuPont Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.10.4 DuPont Alt Protein Product Portfolio
6.10.5 DuPont Recent Developments/Updates
6.11 MGP Ingredient
6.11.1 MGP Ingredient Corporation Information
6.11.2 MGP Ingredient Alt Protein Description and Business Overview
6.11.3 MGP Ingredient Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.11.4 MGP Ingredient Alt Protein Product Portfolio
6.11.5 MGP Ingredient Recent Developments/Updates
6.12 Taj Agro Product
6.12.1 Taj Agro Product Corporation Information
6.12.2 Taj Agro Product Alt Protein Description and Business Overview
6.12.3 Taj Agro Product Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.12.4 Taj Agro Product Alt Protein Product Portfolio
6.12.5 Taj Agro Product Recent Developments/Updates
6.13 Glico Nutrition
6.13.1 Glico Nutrition Corporation Information
6.13.2 Glico Nutrition Alt Protein Description and Business Overview
6.13.3 Glico Nutrition Alt Protein Sales, Revenue and Gross Margin (2017-2023)
6.13.4 Glico Nutrition Alt Protein Product Portfolio
6.13.5 Glico Nutrition Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Alt Protein Industry Chain Analysis
7.2 Alt Protein Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Alt Protein Production Mode & Process
7.4 Alt Protein Sales and Marketing
7.4.1 Alt Protein Sales Channels
7.4.2 Alt Protein Distributors
7.5 Alt Protein Customers
8 Alt Protein Market Dynamics
8.1 Alt Protein Industry Trends
8.2 Alt Protein Market Drivers
8.3 Alt Protein Market Challenges
8.4 Alt Protein Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Kerry
Cargill
Archer Daniels Midland
Glanbia
CHS
Tereos Syral
CP Kelco
Davisco
Meelunie
DuPont
MGP Ingredient
Taj Agro Product
Glico Nutrition
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