Meticulous Research®—a leading global market research company, published a research report titled, ‘Alternative Protein Processing Equipment Market by Type (Dryers, Centrifuges, Grinders, Evaporators), Mode of Operation, Production Capacity (Small & Medium Scale, Large Scale), Application (Plant Proteins, Insect Proteins, Microbial Proteins) —Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the global alternative protein processing equipment market is projected to reach $2.2 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. The growth of the alternative protein processing equipment market is mainly attributed to innovations in alternative protein processing equipment, alternative protein manufacturers’ focus on reducing production costs, growing venture investments in alternative protein companies, and increased utilization of alternative protein as an ingredient in food & beverage products. However, the high equipment cost is expected to restrain the growth of this market to a notable extent.
The alternative protein processing equipment market is segmented by type (dryers, centrifuges, filtration systems, mixing systems, evaporators, boilers, grinders, screw presses, and other equipment), mode of operation (semi-automatic and automatic), production capacity (small & medium-scale production and large scale production), application (plant-based proteins, insect-based proteins, and microbial proteins), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Based on type, in 2023, the dryers segment is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this segment is attributed to the ability of dryers to improve process hygiene and the quality of final products by removing moisture. In addition, the growing necessity for customization and replacement of traditional drying techniques is further expected to boost the demand for this segment.
Based on mode of operation, the automatic alternative protein processing equipment segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increased adoption of automated equipment, growth in protein manufacturing, and its wide range of benefits, such as monitored production, reduced labor costs, automatic tracking of individual loads, no human errors, effective cleaning, and no cross-contamination.
Based on production capacity, in 2023, the small & medium-scale production segment is expected to account for the largest share of the global alternative protein processing equipment. The large market share of this segment is attributed to the rising government support for the development of small-scale processing enterprises, low expenditure requirement, and increased productivity.
Based on application, in 2023, the plant-based proteins segment is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this segment is attributed to the increasing demand for plant-based proteins from food & beverage manufacturers, the increase in the vegan population, the rising number of plant-based product launches, and the large presence of plant-based protein manufacturers.
Based on geography,in 2023, North America is expected to account for the largest share of the alternative protein processing equipment market. The large market share of this region is attributed to the presence of key alternative-protein manufacturers, growing vegan population, and high investments in the research & development of food processing equipment.
The global alternative protein processing equipment market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the global alternative protein processing equipment market are Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Bepex International LLC (U.S.), Bühler Holding AG (Switzerland), Clextral SAS (France), Coperion GmbH (Germany), Flottweg SE (Germany), GEA Group Aktiengesellschaft (Germany), Hosokawa Micron B.V. (Netherlands), Koch Separation Solutions (U.S.), Maschinenfabrik Reinartz GmbH & Co. KG (Germany), NETZSCH-Feinmahltechnik GmbH (Germany), SiccaDania A/S (Denmark), and SPX Flow, Inc. (U.S.).
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