The Alternative Protein Industry size was valued at USD 20.36 Billion in 2024 and the total Alternative Protein revenue is expected to grow at a CAGR of 9.84% from 2025 to 2032, reaching nearly USD 43.14 Billion.
Market Overview:
Global Alternative proteins are also called meat substitutes. These are developed and produced to replace meat products. These are very important when the global ecosystem is considered. These reduce the environmental burden with reduced land use and feed use as well as promote less use of water. The majority of the agricultural land is used to grow feed for the livestock, alternative protein market reduces this stress on the global agricultural market.
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Market Segment Analysis:
by Source
Plant Protein
Mycoprotein
Algal Protein
Insect Protein
by Form
Dry Form
Wet Form
by Application
Food
Beverage
Dietary Supplement
Feed Industry
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Regional Insights:
The North American region dominated the global alternative protein market in the year 2024.More than 50% of the total North American market is dominated by the United States. Soy protein is particularly gaining traction in this country. The rise of veganism in the region prompted the high growth of alternative proteins in this region. The European region is expected to contribute to the growth in the insect protein market. This region also dominated the insect protein segment in the year 2024. The European region is also estimated to dominate the pea protein segment in the year 2032. This can be attributed to EU countries like France being one of the largest producers of peas in the world. (approx. 230,000 tonnes in 2023)
The objective of the report is to present a comprehensive analysis of the Alternative Protein market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Key Players
North America
1. Beyond Meat
2. Impossible Foods
3. Aspire Food Group
4. MycoTechnology Inc.
5. Maple Leaf Foods
6. Eat Just
7. Conagra Brands
8. Wicked Kitchen
9. UPSIDE Foods
10. Plantible
11. Livekindly
12. Fazenda Futuro
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