Cargill, Incorporated, DuPont and BENEO are Dominating the Global Alternative Proteins Market in 2019

Global Alternative Proteins Market is expected to grow with the CAGR of 16.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global alternative proteins market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.  

The major players dealing in global alternative proteins market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In May 2019, ADM has acquired the Ziegler Group which is an industry leader in Europe for natural citrus solutions. This acquisition is the combination with ADM’s recent acquisition of Florida Chemical Company which is the U.S. citrus flavor innovator. They created a global platform to serve customers with innovative citrus solutions worldwide. This acquisition has helped the company to broaden its geographical presence and serve more customers.

Cargill, Incorporated is the dominating player in the alternative proteins market. The other key players existing in the market includes Insect Technology Group Holdings UK Ltd., Ÿnsect, Protix,Protifarm,Enterra Feed Corporation, Cargill, Incorporated,Axiom Foods, Inc, BENEO, NOW Foods, Roquette Frères,Farbest Brands, Tianjin Norland Biotech Co., ltd, PARABEL,ADM,DuPont, CHS Inc.,INGREDION, Kerry Group, EntomoFarms and Glanbia Nutritional and among others.

Alternative Proteins Market

Cargill, Incorporated 

Cargill, Incorporated is headquartered in Minnesota, U.S. and was founded in 1865. The company is engaged in outgrowing development alternative proteins industry on a worldwide scale. The company has various brand categories that are agriculture, animal nutrition, beauty, bioindustrial, food & beverage, foodservice, industrial, pharmaceutical, meat & poultry, transportation out of which food & beverage is market focused brand category. 

  • In June 2017, Cargill, Incorporated has acquired Colombian-based Pollos El Bucanero S.A. The company is Colombia’s leading producers of processed meats products and chicken products. This has helped the company to expand its product portfolio in Colombia. 

The company has presence across the globe in Africa, Europe, Middle East, Asia-Pacific, Latin America, and North America.

DuPont

DuPont is headquartered in Delaware, U.S., and was founded in 1802. The company is engaged in commercializing of electronics & imaging, nutrition & biosciences, transportation & industrial, safety & construction, non-core and nutrition & biosciences is the market focused business segment. The company offers product categories which are animal nutrition & health, construction materials, dietary supplement ingredients, fabrics, fibers & nonwovens, microbial control solutions, industrial enzymes & bioactives, packaging materials & solutions, personal protective equipment, solar/photovoltaic materials, food & beverage ingredients, medical devices & materials, water solutions, pharmaceutical ingredients, electronic solutions, adhesives and resins out of which food & beverage ingredients is market focused category. 

  • 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.

The company has wide global presence across the globe such as North America, Asia-Pacific, Europe & Middle East, South America, and Africa and generates revenue from subsidiaries such as Danisco (Denmark), Dupont Korea (Korea), DuPont Sustainable Solutions (U.S.), Genencor (U.S.), Solae (U.S.), DuPont NLco B.V. (Netherlands), DuPont Capital Management (U.S.), E.I. DuPont Canada Co (Canada).

BENEO

BENEO is headquartered in Mannheim, Germany and was founded in year 2007. The company is engaged in the manufacturing and commercializing of wide range of alternative proteins across the world. The company offers wide range of product categories such as human nutrition, animal nutrition, pharmaceutical excipients, and intense sweeteners which human nutrition out of which animal nutrition is the market focused category. 

  • In June 2020, BENEO has expanded its portfolio with New Organic Ingredients such as rice starch, Remyline O AX DR and others. The increasing consumers demand has led to theexpansion leading to enhanced product portfolio of the company into the market.

The company has wide global presence across the world such as North America, South America, Europe, and Asia-Pacific.