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Redding, California - May 22, 2025

Alternative Protein Market to be Worth $54.78 Billion by 2032

Alternative Protein Market Size, Share, Forecast, & Trends Analysis by Type (Plant Protein [Soy, Pea, Potato], Insect Protein [Crickets, BSF], Microbial [Algae Protein, Fungal Proteins]), Application (Food & Beverage, Animal Feed) - Global Forecast to 2032

Meticulous Research^®—a leading global market research company, published a research report titled ‘Alternative Protein Market Size, Share, Forecast, & Trends Analysis by Type (Plant Protein [Soy, Pea, Potato], Insect Protein [Crickets, BSF], Microbial [Algae Protein, Fungal Protein]), Application (Food & Beverage, Alternative Protein)—Global Forecast to 2032. According to this latest publication from Meticulous Research^®, the alternative protein market is projected to reach $54.78 billion by 2032, at a CAGR of 14.3% from 2025 to 2032.

The expansion of the alternative protein market is primarily fueled by rapid urbanization, growing consumer aspirations, increased venture capital investment, advancements in food technology, the high nutritional benefits of edible insects, and the environmental sustainability of alternative protein production and consumption. However, the market faces challenges such as the higher cost of alternative proteins compared to traditional animal-based proteins and strong consumer preference for conventional meat products. Despite these obstacles, the rising consumer shift toward plant-based diets is anticipated to create significant growth opportunities for companies in the alternative protein market.

Key Players

The key players operating in the global alternative protein market are Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances Inc. (IFF) (U.S.), Now Health Group, Inc. (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (A Part of Südzucker AG) (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), CHS Inc. (U.S.), Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), EnviroFlight, LLC (U.S.), Haocheng Mealworm Inc. (China), JR Unique Foods Ltd. (Thailand), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), Cricket Lab Limited (U.K.), DIC Corporation (Japan), Cellena Inc. (U.S.), Taiwan Chlorella Manufacturing Company (Taiwan), Cyanotech Corporation (U.S.), Bluebiotech International GmbH (Germany), Pond Technologies Holdings Inc. (Canada), E.I.D.-Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd. (China), MycoTechnology Inc. (U.S.), Enough. (U.K.), Corbion NV (Netherlands), Sun Chlorella Corporation (Japan), Plantible Foods, Inc. (U.S.), Far East Bio-Tec Co., Ltd. (Taiwan), Far East Microalgae Industries, Co. Ltd. (Taiwan), Algenofarm Klötze Gmbh & Co. KG (Germany), Yaeyama Shokusan Co., Ltd. (Japan), Unibio Group (Denmark), String Bio (India), Calysta, Inc. (U.S.), Angel Yeast Co., Ltd (China), and Lesaffre (France).

The alternative protein market study presents historical market data in terms of value & volume (2023 and 2024), estimated current data (2025), and forecasts for 2032. This market is segmented by type, application, and geography.

Among all the types, the plant protein segment is expected to account for the largest share of the alternative protein market. However, the insect protein segment is expected to grow at the highest CAGR of 29.4% during the forecast period of 2025–2032. The high growth rate of this segment is mainly driven by the growing demand for environmentally friendly, protein-rich food and the rising investments in edible insect farming.

Among all the plant protein applications, the food & beverage segment is expected to account for the largest share of 60.7% the global plant protein market in 2025. The large market share of this segment is mainly attributed to increasing consumer preference for plant-based foods and ingredients, the growing awareness and demand for protein-rich food products, the versatile functionality and compatibility of plant-based protein with vegetarian and vegan lifestyles, and the rise of clean-label trends. However, the nutrition & health supplements segment is expected to record a CAGR of 11.8% during the forecast period. The growth of this segment is mainly attributed to changing lifestyles, growing health & wellness trends, and the increasing prevalence of diseases.

Among all the geographies, North America is expected to account for the largest share of 38.0% of the global alternative protein market in 2025. North America's alternative protein market is estimated to be worth USD 8.2 billion in 2025. The prominent position of North America in the alternative protein market is attributed to the increasing focus on producing protein using sustainable methods due to the rising environmental concerns and ethical aspects associated with animal protein, the increasing vegan population, the rising number of investments in alternative protein products, the increasing demand for healthy & nutritional products, and technological advancements in the food industry.

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Key Questions Answered in the Report:

What is the current revenue generated by alternative protein globally?
At what rate is the alternative protein demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the alternative protein market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type and application are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the alternative protein market?
Who are the major players in the alternative protein market? What are their specific product offerings in this market?
What are the recent strategic developments in the alternative protein market? What are the impacts of these strategic developments on the market?

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Redding, California - May 22, 2025

Alternative Protein Market to be Worth $54.78 Billion by 2032

Alternative Protein Market Size, Share, Forecast, & Trends Analysis by Type (Plant Protein [Soy, Pea, Potato], Insect Protein [Crickets, BSF], Microbial [Algae Protein, Fungal Proteins]), Application (Food & Beverage, Animal Feed) - Global Forecast to 2032

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