Market Share of Protein Alternatives Industry
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.
Protein Alternatives Market Leaders
-
Cargill Incorporated
-
Archer Daniels Midland Company
-
Ingredion Incorporated
-
International Flavors & Fragrances, Inc.
-
Kerry Group plc
*Disclaimer: Major Players sorted in no particular order
