According to a research survey conducted by ChemView Consulting, in 2022, the Global Alternative Protein Market was worth US$ 73.5 Bn and is expected to grow at a CAGR of 20.8% over the forecast period. The market is expected to hit US$ 333.3 Bn by 2030 end.
Benjamin Morach, a BCG handling director and partner, said, “Alternative proteins ought to quickly healthy animal protein in flavor, texture, and price. We anticipate parity to spur a brand new wave of growth, catapulting what's a reasonably nascent marketplace these days into the mainstream, yielding substantial environmental advantages, and facilitating even quicker growth.”
The adoption of opportunity proteins could have a measurable advantageous effect at the environment, assisting some of the UN`s Sustainable Development Goals along with accountable intake and production, and 0 hunger. The shift to plant-primarily based totally meat and eggs on my own will store greater than 1 gigaton of CO2 equal via way of means of 2035—the equal of Japan turning into carbon-impartial for a whole year. It will even store 39 billion cubic meters of water, sufficient to deliver the metropolis of London for forty years.
While the environmental and meals protection advantages are encouraging, the important thing to patron popularity is parity. Alternative proteins ought to flavor and sense as appropriate because the traditional ingredients they update and fee both the equal or less. According to our research, this could manifest in 3 stages, with dates various to a fewdiploma relying at the supply of opportunity proteins and the goods they goal to update:
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A list of some of the key suppliers present in the market are:
- Cargill Incorporation
- Royal DSM NV
- AMCO Proteins
- Puris
- Axiom Foods
- Darling Ingredients
- Innovafeed
- Lallemand Inc.
- Hamlet Protein
- Archer Daniel Midland Company
- AB Mauri
- Soja Protein
- Ingredion
- Ynsect
- Angel Yeast
- Calysta Inc.
Market Segments Covered in Report
By Source:
- Insect-based Alternative Protein
- Microbial-based Alternative Protein
o Bacteria
o Yeast
o Algae
o Fungi
o Others
- Plant-based Alternative Protein
o Soy Protein Isolates
o Soy Protein Concentrates
o Fermented Soy Protein
o Duckweed Protein
o Others
- Other Alternative Protein Sources
By Application:
- Food Beverage
- Cattle
- Aquaculture
- Animal Feed
- Pet Food
- Equine
- Other Applications
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Global Alternative Protein Market 2022-2030: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit our Report Page: https://chemviewconsulting.com/reports/alternative-protein-market/
About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals Materials, Food Beverages, Packaging, Oil Gas, New Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical materials landscape with our cutting-edge analytics and advisory services.
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