How big is the Protein Alternatives Market?

The Protein Alternatives Market size is expected to reach USD 21.77 billion in 2024 and grow at a CAGR of 7.92% to reach USD 31.87 billion by 2029. Read More

What is the current Protein Alternatives Market size?

In 2024, the Protein Alternatives Market size is expected to reach USD 21.77 billion. Read More

Who are the key players in Protein Alternatives Market?

Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, International Flavors & Fragrances, Inc. and Kerry Group plc are the major companies operating in the Protein Alternatives Market. Read More

Which is the fastest growing region in Protein Alternatives Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Protein Alternatives Market?

In 2024, the North America accounts for the largest market share in Protein Alternatives Market. Read More

What years does this Protein Alternatives Market cover, and what was the market size in 2023?

In 2023, the Protein Alternatives Market size was estimated at USD 20.05 billion. The report covers the Protein Alternatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Protein Alternatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Protein Alternatives Market Report | Industry Analysis, Size & Growth Trends

Protein Alternatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Alternative Proteins Market Report is Segmented by Source (Plant Protein, Mycoprotein, Algal Protein, and Insect Protein), Application (Food and Beverage, Dietary Supplements, Animal Feed and Pet Food, and Personal Care and Cosmetics), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Protein Alternatives Industry Overview

The global protein alternatives market is competitive due to the presence of numerous players. Cargill, ADM, Kerry Group PLC, Ingredion Incorporated, and International Flavors & Fragrances Inc. dominated the market with major strategies, such as acquisitions, expansions, and new product launches. Cargill leads the market among the major players in the protein alternatives market by prioritizing different approaches and strategies. For instance, in January 2023, Cargill Incorporated acquired Owensboro Garin Company, a soy processing facility and refinery, to expand its North American oilseeds network to support the growing demand for oilseeds driven by the food, feed, and renewable fuel markets. In addition, these key players are focusing on expanding their production facilities to cater to the additional demand that arises with the growth in the market.