Alternative Protein Market by Type (Plant Proteins [Soy, Wheat, Pea, Canola, Rice, Potato], Insect Proteins [Crickets, BSF], Microbial Proteins [Algae, Fungal]), Application (Food & Beverage, Animal Feed, Nutraceuticals), and Geography - Global Forecast t

Alternative Protein Market by Type (Plant Proteins [Soy, Wheat, Pea, Canola, Rice, Potato], Insect Proteins [Crickets, BSF], Microbial Proteins [Algae, Fungal]), Application (Food & Beverage, Animal Feed, Nutraceuticals), and Geography - Global Forecast to 2030

Alternative Proteins Market By Type (Plant Proteins [Soy, Wheat, Pea, Potato], Insect Protein [Crickets, BSF], Microbial Protein [Algae Protein, Fungal Proteins]), Application (Food & Beverage, Animal Feed, Nutraceuticals), and Geography—Forecast to 2030

According to the research report titled, ‘Alternative Proteins Market By Type (Plant Proteins [Soy, Wheat, Pea, Potato], Insect Protein [Crickets, BSF], Microbial Protein [Algae Protein, Fungal Proteins]), Application (Food & Beverage, Animal Feed, Nutraceuticals), and Geography—Forecast to 2030,’ the alternative proteins market is projected to reach $40.7 billion by 2030, at a CAGR of 13.0% during the forecast period 2023–2030. The report provides an in-depth analysis of the global alternative proteins market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is driven by rapid urbanization and growing consumer aspirations, increasing venture investments in the alternative proteins industry, innovations in food technologies, the high nutritional value of edible insects, and the environmental sustainability of alternative protein production and consumption. However, the higher costs of alternative proteins compared to conventional proteins and consumers’ high preference for animal-based products restrain the growth of this market. Furthermore, consumers’ increasing inclination toward plant-based foods is expected to generate growth opportunities for the players operating in the alternative proteins market.

The key players operating in the global alternative proteins market are Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances, Inc. (IFF) (U.S.), Now Health Group, Inc. (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (A Part of Südzucker AG) (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), CHS Inc. (U.S.), Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), Protix B.V. (Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), EnviroFlight, LLC (U.S.), Haocheng Mealworm Inc. (China), JR Unique Foods Ltd. (Thailand), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), Cricket Lab Limited (U.K.), DIC Corporation (Japan), Cellena Inc. (U.S.), Taiwan Chlorella Manufacturing Company (Taiwan), Cyanotech Corporation (U.S.), Bluebiotech International GmbH (Germany), Pond Technologies Holdings Inc. (Canada), E.I.D.-Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd. (China), MycoTechnology Inc. (U.S.), Enough. (U.K.), Corbion NV (Netherlands), Sun Chlorella Corporation (Japan), Plantible Foods, Inc. (U.S.), Parabel Nutritional, Inc. (U.S.), Far East Bio-Tec Co., Ltd. (Taiwan), Far East Microalgae Industries, Co. Ltd. (Taiwan), Roquette Klötze Gmbh & Co. Kg (Germany), Yaeyama Shokusan Co., Ltd. (Japan), Unibio Group (Denmark), String Bio (India), Calysta, Inc. (U.S.), Angel Yeast Co., Ltd (China), and Lesaffre (France).

The global alternative proteins market is segmented by type (Plant Proteins [Soy Proteins {Soy Protein Concentrate, Soy Protein Isolate, Textured Soy Protein, and Other Soy Proteins}, Wheat Proteins {Vital Wheat Gluten, Wheat Protein Isolate, Hydrolyzed Wheat Protein, and Textured Wheat Protein}, Pea Proteins {Pea Protein Isolate, Pea Protein Concentrate, Textured Pea Protein, Pea Protein Hydrolysate, Pea Flour, and Other Pea Proteins}, Canola Proteins {Canola Protein Isolate, Canola Protein Concentrate, and Other Canola Proteins}, Potato Proteins {Potato Protein Concentrate and Potato Protein Isolate}, Rice Proteins {Rice Protein Isolate, Rice Protein Concentrate, and Rice Protein Hydrolysate}, Corn Proteins {Corn Protein Isolate, Corn Protein Concentrate, and Other Corn Proteins}, and Other Plant Proteins], Insect Proteins [Crickets, Black Soldier Fly, and Other Insect Proteins], and Microbial Proteins [Algae Proteins, Fungal Proteins {Mycoproteinm, Mushroom Protein, and Yeast Protein}, and Bacterial Proteins]), Application (Plant Protein-based Applications [Food & Beverage { Meat, Poultry, and Seafood, Bakery, Meat Analogs, Dairy Alternatives, Cereals & Snacks, Beverages, and Other Food & Beverage Applications}, Animal Feed, Nutrition & Health Supplements, Pharmaceuticals, and Other Plant Protein-based Applications], Insect Protein-based Applications [Food & Beverage {Processed Whole Insects, Processed Insect Powder, Insect Protein Bars & Shakes, Insect Baked Products & Snacks, Insect Confectioneries, Insect Beverages, and Other Food & Beverage Applications}, and Feed {Animal Feed, Aquaculture Feed, and Pet Food}], and Microbial Protein-based Applications [Nutraceuticals, Food & Beverage, Animal Feed, Cosmetics, and Others]), and geography. The study also evaluates industry competitors and analyzes the country-level markets.

Based on type, the alternative proteins market is segmented into plant proteins, insect proteins, and microbial proteins. In 2023, the plant proteins segment is expected to account for the largest share of the alternative proteins market. The large share of this market is mainly attributed to the growing demand from food & beverage manufacturers, the huge availability of raw materials for processing, and lower cost than other alternative proteins. However, the insect proteins segment is expected to grow at the highest CAGR during the forecast period of 2023–2030. The high growth rate of this segment is mainly driven by the growing demand for environmentally friendly protein-rich food and the rising investments in edible insect farming.

Based on application, the global alternative proteins market is mainly segmented into plant protein-based applications, insect protein-based applications, and microbial protein-based applications. In 2023, the plant protein-based applications segment is expected to account for the largest share of the alternative proteins market. The large share of this segment is attributed to the growing vegetarian and vegan population, consumers' rising demand for clean-label products, and the increasing investments and expansions by plant-based product manufacturers. However, the insect protein-based applications segment is expected to record the highest CAGR during the forecast period. Based on type, the insect protein-based applications market is further segmented into food & beverage and feed. In 2023, the food & beverage segment is expected to account for the largest share of the global insect proteins market. The large share of this segment is driven by the growing food shortage worldwide, the increasing consumption of processed whole insects as food, and the rising demand for high-quality alternative protein and amino acid sources among end users.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is slated to register the highest CAGR during the forecast period, mainly due to the increasing awareness regarding the importance of protein-rich diets, the increasing technological advancements in the food & beverages industry, the fast-growing economy, and the wide availability of raw materials.

Key Questions Answered in the Report-

What is the current revenue generated by alternative proteins globally?
At what rate is the global alternative proteins demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the global alternative proteins market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type and applications are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global alternative proteins market?
Who are the major players in the global alternative proteins market? What are their specific product offerings in this market?
What are the recent strategic developments in the global alternative proteins market? What are the impacts of these strategic developments on the market?

Scope of the Report:


Alternative Proteins Market Assessment—by Type

Plant Proteins
Soy Proteins
Soy Protein Concentrate
Soy Protein Isolate
Textured Soy Protein
Other Soy Proteins
Wheat Proteins
Vital Wheat Gluten
Wheat Protein Isolate
Hydrolyzed Wheat Protein
Textured Wheat Protein
Pea Proteins
Pea Protein Isolate
Pea Protein Concentrate
Textured Pea Protein
Pea Protein Hydrolysate
Pea Flour
Other Pea Proteins
Canola Proteins
Canola Protein Isolate
Canola Protein Concentrate
Other Canola Proteins
Potato Proteins
Potato Protein Concentrate
Potato Protein Isolate
Rice Proteins
Rice Protein Isolate
Rice Protein Concentrate
Rice Protein Hydrolysate
Corn Proteins
Corn Protein Isolate
Corn Protein Concentrate
Corn Protein Hydrolysate
Other Plant Proteins
Insect Proteins
Crickets
Black Soldier Fly
Other Insect Proteins
Microbial Proteins
Algae Proteins
Fungal Proteins
Mycoprotein
Mushroom Protein
Yeast Protein
Bacterial Proteins

Alternative Proteins Market Assessment—by Application

Plant Protein-based Applications
Foods & Beverage
Meat, Poultry, and Seafood
Bakery
Meat Analogs
Dairy Alternatives
Cereals & Snacks
Beverages
Other Food & Beverage Applications
Animal Feed
Nutrition & Health Supplements
Pharmaceuticals
Other Plant Protein-based Applications
Insect Protein-based Applications
Food & Beverage
Processed Whole Insects
Processed Insect Powder
Insect Protein Bars & Shakes
Insect Baked Products & Snacks
Insect Confectioneries
Insect Beverages
Other Food & Beverage Applications
Feed
Animal Feed
Aquaculture Feed
Pet Food
Microbial Protein-based Applications
Nutraceuticals
Food & Beverage
Animal Feed
Cosmetics
Other Microbial Protein-based Applications

Alternative Proteins Market Assessment—by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Ecuador
Rest of Latin America
Middle East & Africa

Global Alternative Proteins Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	750
Units Referenced	Value (USD Million)Volume (Thousand Tons)
Segments/Key Topics	Market by Type, Market by Application, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
Key Companies Mentioned	Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances, Inc. (IFF) (U.S.), Now Health Group, Inc. (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (A Part of Südzucker AG) (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), CHS Inc. (U.S.), Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), Protix B.V. (Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), EnviroFlight, LLC (U.S.), Haocheng Mealworm Inc. (China), JR Unique Foods Ltd. (Thailand), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), Cricket Lab Limited (U.K.), DIC Corporation (Japan), Cellena Inc. (U.S.), Taiwan Chlorella Manufacturing Company (Taiwan), Cyanotech Corporation (U.S.), Bluebiotech International GmbH (Germany), Pond Technologies Holdings Inc. (Canada), E.I.D.-Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd. (China), MycoTechnology Inc. (U.S.), Enough. (U.K.), Corbion NV (Netherlands), Sun Chlorella Corporation (Japan), Plantible Foods, Inc. (U.S.), Parabel Nutritional, Inc. (U.S.), Far East Bio-Tec Co., Ltd. (Taiwan), Far East Microalgae Industries, Co. Ltd. (Taiwan), Roquette Klötze Gmbh & Co. Kg (Germany), Yaeyama Shokusan Co., Ltd. (Japan), Unibio Group (Denmark), String Bio (India), Calysta, Inc. (U.S.), Angel Yeast Co., Ltd (China), and Lesaffre (France).

FAQs About the Report

What is the value of revenue generated from the sales of alternative proteins across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The alternative proteins market is projected to reach $40.7 billion by 2030, at a CAGR of 13.0% during the forecast period.

Which type segment showcases high growth opportunities for the alternative proteins market players?

Based on type, the alternative proteins market is segmented into plant protein, insect protein, and microbial protein. In 2023, the plant protein segment is expected to account for the largest share of the alternative proteins market. The large share of this market is mainly attributed to the growing demand from food & beverage manufacturers, the huge availability of raw materials for processing, and lower cost than other alternative proteins.

Which animal type segment of the market is projected to create more traction in the alternative proteins market?

Based on application, the global alternative proteins market is mainly segmented into plant protein-based applications, insect protein-based applications, and microbial protein-based applications. The insect protein-based applications segment is expected to record the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the growing demand for environmentally friendly protein-rich food, rising investments in edible insect farming, and altering attitudes towards insects as food.

What are the key factors driving the growth of the alternative proteins market? What are the major opportunities for existing market players and new entrants in the market?

The growth of the alternative proteins market is mainly driven by rapid urbanization and growing consumer aspirations, increasing venture investments in the alternative protein industry, innovations in food technologies, the high nutritional value of edible insects, and the environmental sustainability of alternative protein production and consumption. Additionally, consumers’ increasing inclination toward plant-based foods is expected to generate growth opportunities for the players operating in the alternative proteins market.

Who are the major players operating in the alternative proteins market?

The key players operating in the alternative proteins market are Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances, Inc. (IFF) (U.S.), Now Health Group, Inc. (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (A Part of Südzucker AG) (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), CHS Inc. (U.S.), Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), Protix B.V. (Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), EnviroFlight, LLC (U.S.), Haocheng Mealworm Inc. (China), JR Unique Foods Ltd. (Thailand), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), Cricket Lab Limited (U.K.), DIC Corporation (Japan), Cellena Inc. (U.S.), Taiwan Chlorella Manufacturing Company (Taiwan), Cyanotech Corporation (U.S.), Bluebiotech International GmbH (Germany), Pond Technologies Holdings Inc. (Canada), E.I.D.-Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd. (China), MycoTechnology Inc. (U.S.), Enough. (U.K.), Corbion NV (Netherlands), Sun Chlorella Corporation (Japan), Plantible Foods, Inc. (U.S.), Parabel Nutritional, Inc. (U.S.), Far East Bio-Tec Co., Ltd. (Taiwan), Far East Microalgae Industries, Co. Ltd. (Taiwan), Roquette Klötze Gmbh & Co. Kg (Germany), Yaeyama Shokusan Co., Ltd. (Japan), Unibio Group (Denmark), String Bio (India), Calysta, Inc. (U.S.), Angel Yeast Co., Ltd (China), and Lesaffre (France).

Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

Countries from Asia-Pacific and Latin America are projected to offer significant growth opportunities for the vendors in this market due to factors such as increasing awareness regarding the importance of protein-rich diets, the increasing technological advancements in the food & beverages industry, the fast-growing economy, and the wide availability of raw materials.