North America Alternative Proteins Market Report and Forecast 2024-2032

North America Alternative Proteins Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the North America alternative proteins market is projected to grow at a CAGR of 17.7% between 2024 and 2032. Aided by the escalating demand for plant-based food products and the uses of alternative proteins in several end-use sectors, the market is expected to grow significantly by 2032.

Alternative proteins, derived from a variety of plant, insect, algae, or lab-grown sources, are gaining traction as a nutritional component in an array of products, ranging from meat substitutes to protein bars and shakes. They play a crucial role in satisfying nutritional requirements, promoting health, and catering to dietary preferences or restrictions. Apart from their nutritional attributes, alternative proteins also provide significant sustainability benefits, particularly concerning the reduction of carbon footprint, land, and water usage, thereby presenting a compelling case for environmental stewardship.

The growing consumer inclination towards plant-based food products is catalysing the North America alternative proteins market growth. Heightened awareness of the health benefits linked to protein consumption, such as muscle recovery, weight management, and overall wellness, has led to a significant shift towards high-protein diets. This change, coupled with the increasing prevalence of veganism, vegetarianism, and flexitarianism, has triggered a surge in demand for alternative protein-based products.

Moreover, the ongoing health and fitness trend has further amplified the popularity of alternative proteins. They have become a favourite ingredient in sports and fitness nutrition, consumed by athletes, gym-goers, and health enthusiasts seeking clean, ethical, and effective protein sources.

The expanding application of alternative proteins across various industries also boosts the North America alternative proteins market expansion. In the food and beverage industry, these proteins are increasingly used to create innovative products like plant-based burgers, sausages, dairy alternatives, and protein-enriched snacks and beverages. In the pharmaceutical industry, alternative proteins are utilised for their functional properties in the formulation of dietary supplements and therapeutic products.

Furthermore, with the rising environmental consciousness and growing emphasis on sustainability, alternative proteins have seen a remarkable surge in interest, thus increasing the North America alternative proteins market demand. Unlike traditional animal-based proteins, alternative proteins offer a more sustainable and less resource-intensive solution, appealing to consumers concerned about the environmental impact of their dietary choices.

Market Segmentation

The market can be divided based on source, ingredient, end use, distribution channel, and country.

Market Breakup by Source

• Plant Based
• Fermentation
• Cellular Agriculture
• Others

Market Breakup by Ingredient

• Bulk Ingredients
• Speciality Ingredients

Market Breakup by End Use

• Food and Beverage
• Aquaculture
• Animal Feed
• Others

Market Breakup by Distribution Channel

• B2B
• B2C

Market Breakup by Country

• United States
• Canada

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America alternative proteins market. Some of the major players explored in the report by Expert Market Research are as follows:

• E.I. Dupont De Nemours and Company
• Greenleaf Foods SPC
• Archer Daniels Midland Company
• Darling Ingredients
• Cargill Incorporated
• Kerry Group
• Calysta
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.