global alternative proteins to reaches USD 14.76 billion in 2021 and is expected to register a revenue CAGR of 11.1% during the forecast period, according to the latest analysis from Emergen. Rising per capita income and rising demand for vegan and plant-based products are expected to support market revenue growth between 2022 and 2030. Apart from increasing demand for organic products, the shift towards a mode of sustainable living is also expected to drive the market revenue growth.
Furthermore, the growing demand for vegan and organic food products due to their health benefits has led to an increase in preference for plant-based protein products, which is expected to contribute significantly to the market revenue growth. .
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The growing demand for organic products and the move towards a sustainable lifestyle are important factors that are expected to increase the demand for alternative proteins. Growing awareness of the health risks associated with meat consumption and growing activism against animal cruelty has led to the growing adoption of vegan products as an alternative source of protein content. According to the International Agency for Research on Cancer (IARC) of the World Health Organization (WHO), the consumption of red meat is carcinogenic for humans. These conclusions were based on the evidence of colorectal cancer.
One of the central elements of the report is the broad segmentation of the Alternative Protein market which includes range of product types, spectrum of applications, end-user industry landscape, important geographical regions and major competitors of the market. The report contains unbiased opinions of industry experts on the current market scenario, past performance of the market, production and consumption rates, supply and demand ratio and generation forecast. income over the estimated period. The financial positions of key players, along with their gross profit, sales volume, sales revenue, manufacturing cost, and other financial ratios, have been accurately assessed in the report.
Key players involved in the market such as Kerry Inc., DuPont de Nemours Inc., Royal Avebe UA, Corbion NV, Glanbia PLC, Cargill Incorporated, Ingredion Incorporated, The Archer Daniels Midland Company, Roquette Frères Le Romain and Tate & Lyle PLC.
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The Global Protein Alternatives Market report covers the analysis of drivers, trends, limitations, restraints, and challenges in the Protein Alternatives market. The report also examines the impact of various other market factors affecting market growth across various segments and regions. The report segments the market on the basis of type, application and region to give a better understanding of the alternative protein market.
Emergen Research has segmented the global alternative protein market based on source, application, form
: Turnover, billion USD, volume, kilotons; 2019-2030)
Alternatives to dairy products
Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
Dry form Form
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Main highlights of the report
Revenue from the herbal segment is expected to grow at a significantly rapid CAGR during the forecast period owing to the growing demand for protein substitute herbal products.
The dairy substitutes segment is expected to account for the highest revenue growth over the forecast period due to the increasing use of protein concentrate in food and bakery products.
North America is expected to register a higher revenue growth rate in the plant protein market over the forecast period due to the strong presence of international and domestic companies providing plant protein products, such as as Kerry Inc., Cargill Incorporated, Ingredion Incorporated and Tate. & Lyle PLC.
this section of the report offers valuable insights into geographical segmentation of the Alternative Proteins market along with the estimation of current and future market valuations based on supply and demand dynamics and pricing structure of the main regional segments. Moreover, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report categorizes the global protein alternatives market into various regions including:
North America (USA, Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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Key questions answered by the report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements in the market?
What are the key strategies adopted by the leading players of the Alternative Proteins market?
What are the major product types and applications of Protein Alternatives industry?
What is the result of the SWOT analysis and Porter’s five forces analysis?
How is the Competitive Landscape of the Protein Alternatives Market?
Who are the key industry players?
What is the growth rate of the industry in the coming years?
What will be the valuation of the alternative protein market by 2027?
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