Alternative Proteins Market forecast to 2029: key players, segmentation, size, share, growth, trends and opportunities

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Data Bridge Market Research analyses that the alternative proteins market was valued at USD 349.42 million in 2021 and is expected to reach the value of USD 1068.88 million by 2029, at a CAGR of 15.00% during the forecast period of 2022-2029.

The reliable Alternative Proteins Market report includes all company profiles of major players and brands. Every part of the market that can be included here has been carefully touched upon as companies can benefit greatly from the various segments covered in the market research report. This comprehensive market report also provides forecasts with a working summary of uncertainties and techniques. An analytical look at your competitors will give you a clear overview of the key challenges they will face in your existing market and in the coming years. Our team of experts uses proven market statistics and consistent models to analyze and forecast this market data.

Additionally, the Alternative Proteins Market report provides an overview of key companies, key collaborations, mergers and acquisitions, trending innovations and business policies. Needless to say, this collected data and information is displayed very well throughout the report using the most appropriate graphs, charts or tables to simplify the flow of information for better understanding of the users. . Additionally, the market shares of key competitors are also studied at the global level, with key regions such as Europe, North America, Asia-Pacific, and South America being considered in the keyword market research report.

Data Bridge Market Research analyses that the alternative proteins market was valued at USD 349.42 million in 2021 and is expected to reach the value of USD 1068.88 million by 2029, at a CAGR of 15.00% during the forecast period of 2022-2029.  

Market Overview

Proteins derived from algae, plants, and insects are referred to as alternative proteins. They provide a significant amount of protein while requiring fewer natural inputs than traditional protein sources such as fish and meat. Protein is primarily responsible for forming lean body tissue and supplying elements required by digestive enzymes.

Explore Further Details about This Research Alternative Proteins Market Report https://www.databridgemarketresearch.com/reports/global-alternative-proteins-market

Alternative Proteins Market Dynamics

Drivers

  • Rising cases of obesity as well as increasing public awareness

Alternative proteins market growth is being aided by a modified high moisture extrusion process and a new compositional research process. Consumers who do not consume dairy products, for example, are turning to plant-based milk options, which have seen significant growth in recent years. This innovative product line or ready-to-eat products with no compromise on texture and taste is also boosting the growth of the alternative proteins market.

  • Constant efforts by market players ethical and sustainable alternative to animal-derived products

Civil society groups and new food business players are constantly putting pressure on established meat and dairy companies, making plant-based products an ethical and sustainable alternative to animal-derived products. The growing trend of millennials adopting flexitarian and meat-free diets indicates a significant shift in purchasing habits from previous generations. Companies from the producers to the retailers are already investing in these opportunities. Some companies invest in other companies that produce alternatives to hedge against or prepare for a decline in demand for animal products.

Opportunity

The growing number of fitness centres and increased female participation are expected to fuel the market's growth. Alternative proteins are environmentally friendly. As consumers become more aware of the properties of Alternative proteins, they are also adopting environmentally friendly and allergen-free products. Increase growth demand in allergen-free market will create growth opportunities in the forecast period.

Some of the major players operating in the alternative proteins market are:

  • Glanbia plc. (Ireland)
  • Now Health Group, Inc. (U.S.)
  • Nutiva Inc (U.S.)
  • The Simply Good Food Co (U.S.)
  • Iovate Health Sciences International Inc. (Canada)
  • MusclePharm Corporation (U.S.)
  • Kerry Group Plc (Ireland)
  • CytoSport, Inc. (U.S.)
  • The Nature's Bounty Co. (U.S.)
  • Reliance Vitamin Company, Inc. (U.S.)
  • Herbalife Nutrition, Inc. (U.S.)
  • Danone SA (France)
  • General Nutrition Centers (GNC) Holdings, Inc. (U.S.)
  • Orgain Inc. (U.S.)
  • True Nutrition (U.S.).

Restraints

The availability of low-cost substitutes, negative publicity, and side effects will impede the growth of the alternative proteins market during the forecast period. Vegetarians consume Alternative proteins, but allergies in consumers, such as lactose intolerance, will act as a restraint, further challenging the growth of the alternative proteins market in the forecast period.

This alternative proteins 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 alternative proteins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Key questions answered in the Alternative Proteins Market are: 

  • What is Alternative Proteins Market?
  • What was the Alternative Proteins Market size in 2022?
  • What are the different segments of the Alternative Proteins Market?
  • What growth strategies are the players considering to increase their presence in Alternative Proteins Market?
  • What are the upcoming industry applications and trends for the Alternative Proteins Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Alternative Proteins Market?
  • What major challenges could the Alternative Proteins Market face in the future?
  • What segments are covered in the Alternative Proteins Market?
  • Who are the leading companies and what are their portfolios in Alternative Proteins Market?
  • What segments are covered in the Alternative Proteins Market?
  • Who are the key players in the Alternative Proteins Market?

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