Europe Alternative Proteins Market, By Category (Organic and Inorganic), Product Type (Plant Protein, Insect Protein, Mycoprotein, Cultured Meat and Others), Form (Dry and Liquid), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Personal Care and Cosmetics and Others) – Industry Trends and Forecast to 2030.
Europe Alternative Proteins Market Analysis and Size
Proteins are the essential nutrient which is required by the human body. They help in making enzymes, hormones and other body chemicals. Protein is the important building block made up of cartilage, bones, muscles, blood and skin. The meat is considered as the important source for protein. But nowadays people are turning towards the alternative sources for proteins due to the health benefits associated with the alternative proteins.
Data Bridge Market Research analyses that the Europe alternative proteins market which was USD 5,511,400.77 thousand in 2022, would rocket up to USD 16,603,518.44 million by 2030, and is expected to undergo a CAGR of 17.01% during the forecast period. This indicates that the market value. Inorganic segment has the largest market share owing to the factors such as the huge portion of farming is in the inorganic cultivation and hence the inorganic products are more as compared to the organic products. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Alternative Proteins Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Category (Organic and Inorganic), Product Type (Plant Protein, Insect Protein, Mycoprotein, Cultured Meat and Others), Form (Dry and Liquid), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Personal Care and Cosmetics and Others)
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Countries Covered
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Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Poland, Belgium, Sweden, Denmark, Italy and Rest of Europe
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Market Players Covered
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AgriProtein (U.K.), Ÿnsect (France), Protix B.V. (Netherlands), Protifarm (Netherlands), Cargill, Incorporated (U.S.), Axiom Foods, Inc. (U.S.), BENEO (Germany), Roquette Frères (France), ADM (U.S.), DuPont (U.S.), CHS Inc. (U.S.), Ingredion (U.S.), Kerry Group plc (Ireland), and Glanbia PLC (Ireland)
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Market Opportunities
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Market Definition
Alternative proteins are the proteins which are manufactured by plant and food technology sources and they are dairy-free and meat-free. The alternative proteins are used in various applications such as in food and beverages industry, cosmetics, pharmaceuticals and many more. These plant based alternatives comes in various forms and they are used as a meat replacer in many food applications. The sources for alternative proteins can be plants, insects and mycoproteins among others. The insect proteins are most commonly used in alternative proteins due to the high protein content of around 65% of the weight. Also, the content of omega-3 fatty acid is more in insects apart from the protein content. Thus, many health conscious people are turning towards the alternative proteins.
Europe Alternative Proteins Market Dynamics
Drivers
- Increasing Number of Health Conscious Consumers
The insects, plants and fungi are some of the sources for alternative proteins. Insect proteins such as crickets are most commonly used in the food and beverages products due to the high protein content which is around 65% of the weight. Many companies are manufacturing cricket flour because it contains omega-3 fatty acids and essential amino acids apart from their protein content. Thus, the high nutrient content of these alternative proteins are attracting health conscious consumers towards alternative proteins.
- Easy Availability of Edible Insects
The edible insects can be easily found in environment. The sources for edible insects can be aquatic ecosystems, agricultural fields and forests. There are chances that the population of edible insects may decrease in coming years as the effect of climatic changes, overharvesting, habitat degradation, and pollution, among others.
- Rising Awareness About the Benefits of Alternative Proteins
Plant based proteins also helps to minimize high cholesterols, obesity, high blood pressure, type 2 diabetes, certain types of cancer which includes ovarian, colorectal and breast cancers. The non-animal based proteins could increase the life expectancy and decrease the greenhouse gases emission and also require fewer resources for production. Thus, the benefits associated with alternative proteins has created awareness amongst consumers and increasing the demand for the alternative proteins. Thus, this factor is driving the growth of the market.
Opportunity
Furthermore, the alternative protein production is done by the systems and processes which are non-polluting, economically efficient, conserve natural resources and non-renewable energy, safe for communities, workers and consumers and it does not compromise the future generation’s needs.
Restraint/Challenge
Regulatory agencies are developing appropriate rules for the new trend of alternative proteins. These good regulations can protect the public health risks and unsubstantiated claims are important. These regulations can promote value creation and stimulate innovation. Clarity is important about the regulations of specific agencies. The costs of alternative proteins are increasing because the increased demand for alternative proteins. Most of the plant based meat companies operate in a free market. Thus, the rule for these companies is to make profit and thus they involve as much as cost that market bear.
This Europe alternative protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, Market share, impact of domestic and localized Market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market . To gain more info on the Europe alternative proteins products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent 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 February 2020, ADM has expanded the production of non-GMO soy protein concentrate at its facility in Europoort, Netherlands. This has helped company to meet the increasing demand in European market for high quality plant-based proteins. This expansion had helped the company to serve more customers in the European region and thus helped to build the brand image of the company
Europe Alternative Proteins Market Scope
The Europe alternative proteins market is segmented into four notable segments which are based on category, product type, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Organic
- Inorganic
Product Type
- Plant Protein
- Insect Protein
- Mycoprotein
- Cultured Meat
- Others
Form
- Dry
- Liquid
Application
- Food and Beverages
- Animal Feed
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
Europe Alternative Proteins Market Regional Analysis/Insights
The Europe alternative proteins market is analysed and market size insights and trends are provided by category, product type, form and application as referenced above.
The countries covered in the Europe alternative proteins market report are Germany, U.K., France, Spain, Italy, Denmark, Netherlands, Switzerland, Poland, Russia, Sweden, Belgium, Turkey and Rest of Europe.
U.K. dominates the Europe alternative proteins market because of the strong base of consumers, strong presence of major players in the market and rising number of research activities in this country in terms of market share.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alternative Proteins Market Share Analysis
The Europe alternative proteins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Europe alternative proteins market.
Some of the major players operating in the Europe alternative proteins market are:
- AgriProtein (U.K.)
- Ÿnsect (France)
- Protix B.V. (Netherlands)
- Protifarm (Netherlands)
- Cargill, Incorporated (U.S.)
- Axiom Foods, Inc. (U.S.)
- BENEO (Germany)
- Roquette Frères (France)
- ADM (U.S.)
- DuPont (U.S.)
- CHS Inc. (U.S.)
- Ingredion (U.S.)
- Kerry Group plc (Ireland)
- Glanbia PLC (Ireland)
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