DUBLIN, April 28, 2021 / PRNewswire / – The “Global Alternative Protein Market Analysis by Product, Application, Region, and Country (2020 Edition): Market Overview, COVID-19 Impact, Competition, and Forecast to 2025” the report was added to ResearchAndMarkets.com from offer.
The global alternative proteins market valued at $ 14.95 billion in 2019, was supported by a growing number of buyers demanding plant-based meat products, either for clinical reasons or to adopt a healthy lifestyle.
In addition, manufacturers are making continuous efforts in research and development of healthy products, which is accelerating the demand for alternative proteins such as soy protein, pea protein, whey protein and insect protein in the regions. In addition, people with allergies to dairy products are increasing the demand for dairy alternatives, which in turn should facilitate the market for alternative proteins.
In addition, alternative protein products can overcome the negative environmental impact faced by the industrial meat processing industry associated with the creation of red meat. Red meat is the main contributor to greenhouse gas emissions and, therefore, growing environmental awareness is also accelerating the demand for plant-based protein products.
In addition, rising obesity rates across the world, coupled with consumer interest in healthier food alternatives, is also expected to drive demand for meatless protein during the forecast period 2020-2025. At the start of the coronavirus pandemic, the meat industry was hammered by warnings of meat deficiencies due to temporarily closed factories and growing numbers of sick workers. Conventional meat distribution channels have been overthrown as the contagion is believed to be an animal disease. Such conditions may have opened doors for plant-based organizations.
Market leaders such as Beyond Meat Inc., Impossible Foods Inc. and Tofurky Co. are increasing the level of production amid the pandemic and also offering discounts on their plant-based meat products to improve the consumer base, expand stores and enter into a partnership with stakeholders.
In the commodity segment, soybeans dominate the overall alternative protein market and growing demand due to the development of consumer awareness of the various medical benefits of soybeans and its increasing use in wafers, snacks, cookies and others. foodstuffs.
During the forecast period, the peas segment will also grow as it is a high quality, high protein option for vegetable lovers, vegans, fanatic lactose shoppers and people looking for nutrient-dense protein substitutes. Besides, the insect protein market is expected to grow with the highest CAGR due to its high protein nutrition and durability.
Based on the application, the food and beverage segment is expected to grow with the highest level of CAGR due to the ever increasing demand for vegetable protein for every age group and the high usage of pea protein and increased use of insects in animal feed.
Asia Pacific The region is the most attractive region for the growth of the alternative protein market due to the increase in vegetable lovers and the growing trend of vegetarianism among the masses. In addition, the change in lifestyle, the growing awareness of high protein health supplements, the growing acceptance of plant products due to its associated health benefits and the existence of world leaders in the region are expected to drive market growth.
Scope of the report
The report analyzes the Alternative Protein Market by Product (Soy Protein, Insect Protein, Pea Protein, Alternative Dairy, Whey Protein, Cultured Meat, Others)
The report assesses the Alternative Protein Market by Product (Nutritional & Health Supplements, Food & Beverage, Animal Feed, Others)
The Global Alternative Protein Market Has Been Analyzed By Region (North America, Europe, Asia Pacific) and by country (United States, Canada, France, UK, Belgium, Germany, China, India, South Korea, Japan)
The key insights in the report have been presented through market attractiveness and have been presented by product, application and region. Additionally, key industry opportunities, trends, drivers, and challenges have been analyzed in the report.
Companies analyzed in the report include Beyond Meat Inc., Tate & Lyle Plc, Archer-Daniels-Midland Company, Ingredion Incorporated, Cargill, DuPont de Nemours, Inc., Glanbia plc, AgriProtein, Enterra Corporation and Protix
Key target audience
Plant-based food and drink manufacturer
Alternative protein companies
Consulting and consulting companies
Government and decision-makers
Investment banks and investment companies
For more information on this report, visit https://www.researchandmarkets.com/r/wkrfjl
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SOURCE Research and markets