DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the global Alternative Protein market was valued at $XX billion 2023, which is expected to reach $XX billion by 2030, growing at a compound annual growth rate (CAGR) of XX% during 2023-2030. The growing demand for alternative protein is attributed to several factors including growing investments from venture capital and food companies, increasing popularity of plant-based diets, rising concerns about the environmental impact of traditional animal agriculture, technological advancements, and the development of new alternative protein products.
Global Alternative Protein Research Report Coverage (2023-2030)
Report coverage |
Details |
Base year |
2023 |
Forecast year |
2030 |
Revenue |
USD million |
By source (USD million) |
- Plant-based protein
- Microbial-based protein
- Cultivated protein
- Insect-based protein
|
By application (USD million) |
- Animal feed
- Food and beverage
- Dietary supplements
- Pet feed
- Personal care and cosmetics
- Others
|
By distribution channel (USD million) |
- Retail (Supermarket, grocery stores, specialty health food stores, convenience stores, and drugstores)
- Foodservice (Fast food chains, casual dining restaurants, fine dining establishments, workplace cafeterias, school cafeterias, hospitals, and hotels)
- Online (Manufacturers’ own websites, third-party retailers such as Amazon, subscription services such as HelloFresh)
|
By geography(USD million) |
- Americas-US, Canada, Mexico, Brazil, Argentina, and Rest of Americas
- Europe-Germany, UK, France, Italy, Nordic Countries (Sweden, Norway, Denmark, Finland), and Rest of Europe
- APAC-China, Japan, India, South Korea, and Rest of APAC
- MEA-UAE, Saudi Arabia, Qatar, Rest of Middle East, and Africa
|
Market players coverage (Top 5 players market share) |
- ADM
- Ajinomoto
- AMCO Proteins
- Archer Daniels Midland
- Arla Foods amba
- Beyond Meat
- BRF Global
- Cargill
- Corbion
- Danone
- DSM
- DuPont
- Glanbia
- Hormel Foods
- Impossible Foods
- Ingredion
- JBS
- Kerry Group
- Maple Leaf Foods
- Nestlé
- Roquette Frères
- Smithfield Foods
- The Scoular Company
- Tyson Foods
- Unilever
|
Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Growing awareness of the environmental and ethical impacts of conventional meat production
- Concerns about the environmental impact of traditional animal agriculture
- Technological advancements in the development of alternative protein
- Key market trends
- Growing partnerships among fast-food chains with alternative-protein producers
- Increasing popularity of plant-based diets
- The development of new alternative protein products, such as cultivated meat and insect protein
- Key market challenges
- Significant investment in infrastructure and technology
- Consumer acceptance and education
- Taste and texture replication
Key questions to be answered
1. What is the current market size of alternative protein, and what is its growth potential over the next five years?
2. What is the Compound Annual Growth Rate (CAGR) of the alternative protein market?
3. Which are the key segments covered in the alternative protein market, and which segments are experiencing the fastest growth?
4. Which geographical region offers the highest growth opportunities in the alternative protein market?
5. How is the competitive landscape evolving, and who are the key players in the alternative protein market?
6. What is the market share of the top five players in the alternative protein market?
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