Over the past few years, the focus on health and sustainability and craving for healthy food has spearheaded the idea of high protein diets. This has led to the idea of exploring sustainable sources of protein from non-animal sources; in turn driving the demand for alternative proteins, such as plant-based proteins, insect proteins, algae proteins, and lab-grown meat.
To capitalize on this opportunity, a large number of startups and disruptor companies are investing heavily in alternative proteins and launching new & exciting products in the market. Along with global food giants, several entrants in the alternative-protein space are rolling out new technologies and ingredients to solidify their place in the market. A progressive strategy is the key to developing sustainable revenue growth in this market, which showcases enormous opportunities for early movers.
We at Meticulous Research® are continuously tracking the alternative protein ecosystem, from raw material supplies, ingredients, to finished products, to identify high growth areas for players operating in this market and enable them to direct their innovation and product enhancement activities to achieve sustainable revenue growth in this highly competitive market environment.
Increasing awareness about the benefits of protein and growing demand for protein rich diet
Growing health & wellness trend and rising consumer preference for “better-for-you” products
Increasing consumers’ focus on meat alternatives
Growing investments and funding in alternative protein space
Environmental sustainability with production and consumption of alternative protein
Technological advancements in the alternative protein industry
The Soy Protein Market is projected to reach $14.1 billion by 2029, at a CAGR of 9.9% from 2022 to 2029, while in terms of volume, the market is projected to reach 7,698.9 thousand tons by 2029, at a CAGR of 7.3% from 2020 to 2029. The increasing awareness about ...
The Europe Plant-based Food Market is expected to grow at a CAGR of 10.1% from 2022–2029 to reach $16.7 billion by 2029. This market is driven by the growing vegetarianism, declining meat consumption, increasing preference for plant food, and increasing venture ...
The Edible Insects Market is expected to reach $9.6 billion by 2030, at a CAGR of 28.3% during the forecast period 2022–2030. In terms of volume, the edible insects market is expected to reach 3,139,035.10 tonnes by 2030, at a CAGR of 31.1% during the forecast ...
The Black Soldier Fly Market is expected to grow 30.5% CAGR from 2022 to reach $3.96 billion by 2033. In terms of volume, this market is expected to grow 36.9% CAGR from 2022 to reach 8,003.7 thousand tons by 2033. Rising global meat demand, growing aquaculture ...
The Pea Protein Isolate Market is expected to reach $542.9 million by 2029, at a CAGR of 16.4% during the forecast period of 2022 to 2029. In terms of volume, the global pea protein isolate market is expected to grow at a CAGR of 13.8% from 2022 to 2029 to reach ...
The Yellow Pea Protein Market is expected to reach $1.09 billion by 2029, at a CAGR of 15.8% during the forecast period of 2022 to 2029. The growth of this market is driven by factors such as the rising interest in plant-based nutrition, increasing health & wellness ...
The Fungal Protein Market is expected to reach $397.5 million by 2029, at a CAGR of 7.6% during the forecast period 2022–2029. The growth of this market is expected to be driven by factors such as rapidly growing demand for allergen-free foods, rising consumption ...
The Plant Based Food Market is expected to grow at a CAGR of 12.4% from 2022–2029 to reach $95.52 billion by 2029. The growth of this market is driven by factors such as the increasing intolerance for animal protein amongst consumers, the growing vegan population, ...
The Vegan Protein Powder Market is expected to reach $8.03 billion by 2029, at a CAGR of 7.3% during the forecast period of 2022 to 2029. The growth of this market is driven by the rising interest in plant-based nutrition among consumers, consistent growth in the ...
The Wheat Protein Market is expected to reach $9.5 billion by 2029, at a CAGR of 9.3% during the forecast period of 2022 to 2029.The growth of this market is driven by factors such as the increasing awareness about the benefits of nutrition and weight management, ...
The Mealworms Market is expected to reach $1.27 billion by 2030, at a CAGR of 25.8% during the forecast period 2022–2030. In terms of volume, the mealworms market is expected to grow at a CAGR of 28.6% from 2022–2030 to reach 367,491.7 tons by 2030. The growth ...
The Black Soldier Fly (BSF) Oil Market is expected to grow at a CAGR of 21.1% from 2022–2029 to reach $72 million by 2029. The growth of this market is driven by the increasing demand from the animal feed industry and the growing expansions in emerging & developed ...
The Insect Protein Market is expected to reach $9.46 billion by 2030, at a CAGR of 28.4% during the forecast period 2022–2030. In terms of volume, the Insect Protein Market is expected to reach 3,028,468.3 tonnes by 2030, at a CAGR of 31.5% during the forecast ...
The Alternative Protein Market is expected to grow at a CAGR of 12.4% from 2022–2029 to reach $ 36.61 billion by 2029. The growth of this market is driven by the increasing number of venture investments in alternative protein companies, innovations in food technology, ...
The Pea Protein Market is expected to reach $1.14 billion by 2029, at a CAGR of 15.7% during the forecast period of 2022 to 2029. In terms of volume, global pea protein market is expected to grow at a CAGR of 12.7% from 2022 to 2029 to reach 4.68 million tons by ...
The Crickets Market is expected to reach $3.5 billion by 2029, at a CAGR of 28.6% during the forecast period of 2022–2029. Some of the major factors driving the growth of this market are the growing emission of greenhouse gases from livestock and poultry, the ...
This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in ...
The Protein Ingredients Market is expected to reach $79.7 billion by 2028, at a CAGR of 8% during the forecast period of 2021 to 2028. Growth of the functional food & beverage market, advancement in ingredients technologies such as microencapsulation, rising demand ...
The Plant-based Protein Market is expected to reach $23.4 billion by 2028, at a CAGR of 9.7% during the forecast period of 2021 to 2028. Some of the major factors driving the growth of this market include growing demand for a protein-rich diet, growing health and ...
This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in ...
This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in ...
The Canada Black Soldier Fly Market is expected to grow at a CAGR of 18.2% from 2021 to 2028 to reach $18.4 million by 2028. Some of the major factors driving the growth of this market include the growing aquaculture industry, rising demand for alternative proteins ...
The Natural Carotenoids Market is expected to reach a value of $1.9 billion by 2028, at a CAGR of 7.4% during the forecast period 2021–2028. Rising demand for natural food colors, increasing awareness regarding clean-label products, rising incidence of eye diseases ...
The Haematococcus Pluvialis Market is expected to reach $148.1 million by 2027, at a CAGR of 13.2% during the forecast period of 2020 to 2027. Increasing demand for natural astaxanthin for nutraceuticals, growing demand for natural food colorants, and increasing ...
The Seaweed Market is expected to reach $23.2 billion by 2028, at a CAGR of 9.1% during the forecast period 2021 to 2028. Also, in terms of volume, the seaweed market is expected to record a CAGR of 9.5% from 2021 to 2028 to reach 11,408.3 KT by 2028. The growth ...
