Alternative Proteins Market is Forecast to Grow at 14.5% in the Forecast Period of 2020-2027

Alternative Proteins Market is growing with the factors such as insects are easily available in the nature and they are rich in nutrients so people prefer insect proteins and many companies are developing new products related to the insect proteins. In large number of adult population, lactose intolerance is observed so they are switching to dairy-based protein alternatives which are leading the alternative proteins market growth. However, allergy associated with the alternative protein especially with plant protein may hamper the growth of the market.

Global Alternative Proteins Market Scenario

According to Data Bridge Market Research the market for alternative proteins, the North America region is dominating. In this market, Cargill, Incorporated has the largest market share of approximately 30% to 35%. In recent time, Cargill, Incorporated is playing major role by providing alternative proteins in market and they are helping various food, feed and others manufacturers to fulfil consumer need in food sector.  

The company has taken various strategic decisions for enhancement of business. For instance, in October 2019, Cargill, Incorporated has expanded its integrated refined oils and soybean crush facility in Sidney, Ohio. This expansion has helped company to serve farmers in that geographic area and to meet growing demand for refined oils and proteins.

Alternative Proteins Market

Trends impacting the market

Now the question is which are the other regions that Cargill, Incorporated, DuPont and BENEO are targeting? Data Bridge Market Research has estimated a large growth in Europe alternative proteins market and the market leaders are targeting Germany and U.K. to be their next revenue pockets for 2020.  

The alternative proteins market is becoming more competitive every year with companies such as Cargill, Incorporated, DuPont and BENEO for alternative proteins. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the alternative proteins market.

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Global Alternative Proteins Market Developments

  • In September 2020, DuPont Nutrition & Biosciences (DuPont) has launched the multiple probiotic formulations and dairy cultures for China which offered new solutions for yogurt producers in differentiation and growth of future positioning. This has helped company to widen its product portfolio range.
  • In September 2019, CHS Inc. has expanded its soybean processing plant in Fairmont, Minnesota. This expansion has helped the company to increase its market presence for soybean growers present regionally and return value to the owners by increasing production of soy-based feed and food ingredients which have high-demand in the market.

Scope of the Global Alternative Proteins Market

Global alternative proteins market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Poland, Belgium, Sweden, Denmark, Italy and rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Saudi Arabia, UAE, Kuwait, and rest of Middle East and Africa.

  • All analysis of the alternative proteins market is further analyzed based on maximum granularity into further segmentation. On the basis of category, the alternative proteins market is segmented into organic and inorganic. On the basis of product type, the alternative proteins market is segmented into plant protein, insect protein, mycoprotein, cultured meat and others. On the basis of form, the alternative proteins market is segmented into dry and liquid. On the basis of application, the alternative proteins market is segmented into food and beverages, animal feed, pharmaceuticals, personal care & cosmetics and others.

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Key Pointers Covered in the Alternative Proteins Market Industry Trends and Forecast to 2027

  • Market Size
  • Alternative proteins Regulatory Framework and Changes
  • Recent Developments for Market Competitors
  • Sales data for Market Competitors
  • Key vendors and disruptors study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Alternative Proteins Market Report

  • AgriProtein
  • Ÿnsect
  • Protix B.V.
  • Protifarm
  • Enterra Feed Corporation
  • Cargill, Incorporated
  • Axiom Foods, Inc
  • NOW Foods
  • Roquette Frères
  • Farbest Brands
  • Tianjin Norland Biotech Co.,Ltd
  • Parabel
  • ADM
  • DuPont
  • CHS Inc.
  • Ingredion Incorporated
  • Kerry Group plc
  • EntomoFarms
  • Glanbia plc

Above are the key players covered in the report to know about more and exhaustive list of alternative proteins companies contact us

Research Methodology: Global Alternative Proteins Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Researchers, Food & Feed Specialists, Services Providers and many others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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