The global alternative proteins market was valued at USD 7.75 billion in 2016. Alternative proteins market is mainly driven by the increasing health consciousness, shift in consumer preference towards natural plant proteins and increasing demand from general middle class consumers. The alternative proteins market has been segmented on the basis of product type, application, and region.
In terms of product type, soy protein accounted for approximately 80% revenue share in year 2016 of the global market and is projected to maintain its dominance throughout the forecast period 2017 to 2025. However, pea protein is anticipated to be the fastest growing segment with CAGR of around 8.4% during the forecast period 2017 to 2025.
In terms of application, sports nutrition accounted for the largest share in terms of value. It is also projected to grow at a fastest CAGR of 7.7% during the forecast period of 2017 to 2025. Increased usage of alternative proteins, especially in ready to drink beverages, and post workout drinks is expected to drive segment growth over the forecast period.
In 2016, the alternative proteins market by region was dominated by the North America accounting more than 35% of the market share. North America was followed by the Europe and Asia-Pacific. The U.S. is the largest national market for alternative proteins. Increasing demand for healthy drinks, meal replacement beverages and high protein products among consumers in the U.S. is driving the demand for alternative proteins. China will see the fastest growth during the forecast period, at a CAGR of 9.1% between 2017 and 2025. Factors such as increasing consumption and growth of food industry will support the growth of alternative proteins market.
Major players operating in the market are Archer Daniels Midland, Cargill Incorporated, CHS Inc., E. I. du Pont de Nemours and Company, Kerry Group, Nisshin Oillio Group, Ltd., Roquette Frères, Ruchi Soya Industries among others.
The report titled “Global Alternative Proteins Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global Alternative Proteins market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on resin type, type, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading alternative proteins manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global alternative proteins market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Top Down & Bottom Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot
2.2. Global Alternative Proteins Market, by Product Type, 2016
2.3. Global Alternative Proteins Market, by Application, 2016
2.4. Global Alternative Proteins Market, by Region, 2016
2.5. Global Alternative Proteins Market: Premium Insight
2.5.1. Attractive Market Opportunities in the Alternative Proteins Market
2.5.2. Global Alternative Proteins Market: Developed vs. Developing Economy
2.5.3. Global Alternative Proteins Market: Asia Pacific Market Analysis
2.5.4. Global Alternative Proteins Market: Regional Life Cycle Analysis
3. Global Alternative Proteins Market: Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Future Prospects
3.3. Attractive Investment Proposition, by Geography
3.4. Porter’s Analysis
3.4.1. Supplier Power
3.4.2. Buyer Power
3.4.3. Threat of Substitutes
3.4.4. Threat of New Entrants
3.4.5. Industry Rivalry
3.5. Value Chain Analysis
4. Global Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 -2025
4.1. Overview
4.1.1. Market Share Analysis, by Product Type, 2016 vs 2025 (Value %)
4.1.2. Attractive Investment Proposition, by Product Type
4.2. Soy Protein
4.3. Pea
4.4. Rice
4.5. Canola
4.6. Third Generation Protein
4.7. Others
5. Global Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 -2025
5.1. Overview
5.1.1. Market Share Analysis, by Application, 2016 vs 2025 (Value %)
5.1.2. Attractive Investment Proposition, by Application
5.2. Weight Management
5.3. Sports Nutrition
5.4. Positive Nutrition
5.5. Health Nutrition
5.6. Others
6. Global Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Geography, 2016 -2025
6.1. Overview
6.1.1. Market Share Analysis, by Geography, 2015 vs. 2025
6.2. North America
6.2.1. North America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.2.2. North America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.2.3. North America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Country, 2016 - 2025
6.2.3.1. U.S.
6.2.3.1.1. U.S. Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.2.3.1.2. U.S. Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.2.3.2. Canada
6.2.3.2.1. Canada Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.2.3.2.2. Canada Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3. Europe
6.3.1. Europe Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.2. Europe Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3.3. Europe Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Region, 2016 - 2025
6.3.3.1. Germany
6.3.3.1.1. Germany Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.3.1.2. Germany Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3.3.2. France
6.3.3.2.1. France Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.3.2.2. France Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3.3.3. U.K.
6.3.3.3.1. U.K. Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.3.3.2. U.K. Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3.3.4. Spain
6.3.3.4.1. Spain Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.3.4.2. Spain Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3.3.5. Italy
6.3.3.5.1. Italy Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.3.6. Italy Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.3.3.7. Rest of Europe
6.3.3.7.1. Rest of Europe Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.3.3.7.2. Rest of Europe Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.4. Asia Pacific
6.4.1. Asia Pacific Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.4.2. Asia Pacific Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.4.3. Asia Pacific Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Country, 2016 - 2025
6.4.3.1. China
6.4.3.1.1. China Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.4.3.1.2. China Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.4.3.2. India
6.4.3.2.1. India Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.4.3.2.2. India Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.4.3.3. ASEAN
6.4.3.3.1. ASEAN Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.4.3.3.2. ASEAN Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.4.3.4. ANZ
6.4.3.4.1. ANZ Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.4.3.4.2. ANZ Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.4.3.5. Rest of Asia Pacific
6.4.3.5.1. Rest of Asia Pacific Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.4.3.5.2. Rest of Asia Pacific Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.5. Latin America (LATAM)
6.5.1. Latin America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.5.2. Latin America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.5.3. Latin America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Country, 2016 - 2025
6.5.3.1. Brazil
6.5.3.1.1. Brazil Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.5.3.1.2. Brazil Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.5.3.2. Mexico
6.5.3.2.1. Mexico Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.5.3.2.2. Mexico Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.5.3.3. Rest of Latin America
6.5.3.3.1. Rest of Latin America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.5.3.3.2. Rest of Latin America Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.6. Middle East and Africa (MEA)
6.6.1. Middle East & Africa Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.6.2. Middle East & Africa Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.6.3. Middle East & Africa Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Region, 2016 - 2025
6.6.3.1. GCC
6.6.3.1.1. GCC Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.6.3.1.2. GCC Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.6.3.2. Africa
6.6.3.2.1. Africa Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.6.3.3. Africa Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
6.6.3.4. Rest of MEA
6.6.3.4.1. Rest of MEA Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Product Type, 2016 - 2025
6.6.3.4.2. Rest of MEA Alternative Proteins Market Size (Kilo Tons) (US$ Bn), by Application, 2016 - 2025
7. Profiles
7.1. Competitive Dashboard
7.2. Cargill Inc.
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Business Strategy
7.3. Archer Daniels Midland
7.4. Kerry Group
7.5. E. I. Du Pont De Nemours & Co.
7.6. CHS Inc.
7.7. Wilmar International Limited
7.8. Ruchi Soya Industries
7.9. Nisshin Oillio Group
7.10. Roquette Freres
7.11. Other Notable Players
List Of Table :
TABLE 1 Market Snapshot: Global Alternative Proteins Market Volume & Revenue
TABLE 2 North America Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 ( Tns(Kilotons/US$ Bn)
TABLE 3 North America Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 4 North America Alternative Proteins Market Volume & Revenue, by Country, 2016-2025 (Kilotons/US$ Bn)
TABLE 5 U.S. Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 6 U.S. Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 7 Canada Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 8 Canada Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 9 Europe Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 10 Europe Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 11 Europe Alternative Proteins Market Volume & Revenue, by Country, 2016-2025 (Kilotons/US$ Bn)
TABLE 12 Germany Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 13 Germany Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 14 France Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 15 France Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 16 U.K. Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 17 U.K. Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 18 Spain Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 19 Spain Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 20 Italy Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 21 Italy Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 22 Rest of Europe Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 23 Rest of Europe Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 25 Asia Pacific Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 26 Asia Pacific Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 27 Asia Pacific Alternative Proteins Market Volume & Revenue, by Country, 2016-2025 (Kilotons/US$ Bn)
TABLE 28 China Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 29 China Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 30 India Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 31 India Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 32 ASEAN Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 33 ASEAN Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 34 ANZ Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 35 ANZ Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 36 Rest of Asia Pacific Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 37 Rest of Asia Pacific Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 38 Latin America Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 39 Latin America Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (US$ Bn)
TABLE 40 Latin America Alternative Proteins Market Volume & Revenue, by Country, 2016-2025 (Kilotons/US$ Bn)
TABLE 41 Brazil Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 42 Brazil Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 43 Mexico Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 44 Mexico Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 45 Rest of Latin America Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 46 Rest of Latin America Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 47 Middle East & Africa Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 48 Middle East & Africa Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 49 Middle East and Africa Alternative Proteins Market Volume & Revenue, by Country, 2016-2025 (Kilotons/US$ Bn)
TABLE 50 GCC Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 51 GCC Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 52 Africa Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 53 Africa Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 55 Rest of Middle East Alternative Proteins Market Volume & Revenue, by Product Type, 2016-2025 (Kilotons/US$ Bn)
TABLE 56 Rest of Middle East & Africa Alternative Proteins Market Volume & Revenue, by Application, 2016-2025 (Kilotons/US$ Bn)
TABLE 57 Cargill Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 58 Archer Daniels Midland: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 59 Kerry Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 60 E. I. Du Pont De Nemours & Co.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 61 CHS Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 62 Wilmar International Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 63 Ruchi Soya Industries: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 64 Nisshin Oillio Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 65 Roquette Freres: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
List Of Figures :
FIG. 1 Global Alternative Proteins Market: Research Methodology
FIG. 2 Global Alternative Proteins Market Volume & Revenue (Kilotons/US$ Bn), by Product Type, 2016
FIG. 3 Global Alternative Proteins Market Volume & Revenue (Kilotons/US$ Bn), by Application, 2016
FIG. 4 Global Alternative Proteins Market Volume & Revenue (Kilotons/US$ Bn), by Geography, 2016
FIG. 5 Attractive Market Opportunities in the Alternative Proteins Market
FIG. 6 Global Alternative Proteins Market: Developed vs. Developing Economy
FIG. 7 Global Alternative Proteins Market: Asia Pacific Market Analysis
FIG. 8 Global Alternative Proteins Market: Regional Life Cycle Analysis
FIG. 9 Attractive Investment Proposition, by Geography
FIG. 10 Key Positioning of Market Players
FIG. 11 Porter's Analysis
FIG. 12 Value Chain Analysis
FIG. 13 Global Alternative Proteins Market Volume & Revenue Share, by Product Type, 2016 & 2025 (% Value)
FIG. 14 Global Alternative Proteins Market Volume & Revenue, by Soy Protein, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 15 Global Alternative Proteins Market Volume & Revenue, by Pea, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 16 Global Alternative Proteins Market Volume & Revenue, by Rice, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 17 Global Alternative Proteins Market Volume & Revenue, by Canola, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 18 Global Alternative Proteins Market Volume & Revenue, by Third Generation Protein, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 19 Global Alternative Proteins Market Volume & Revenue, by Others, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 20 Global Alternative Proteins Market Volume & Revenue Share, by Applications, 2016 & 2025 (% Value)
FIG. 21 Global Alternative Proteins Market Volume & Revenue, by Weight Management , 2016 – 2025 (Kilotons/US$ Bn)
FIG. 22 Global Alternative Proteins Market Volume & Revenue, by Sports Nutrition, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 23 Global Alternative Proteins Market Volume & Revenue, by Positive Nutrition, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 24 Global Alternative Proteins Market Volume & Revenue, by Health Nutrition, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 25 Global Alternative Proteins Market Volume & Revenue, by Others, 2016 – 2025 (Kilotons/US$ Bn)
FIG. 26 Global Alternative Proteins Market Volume & Revenue Share, by Geography, 2016 & 2025 (Value %)
For the purpose of this study, the global alternative proteins market by product type is categorized into:
Soy protein is estimated to account for approximately 80% of the alternative proteins market in 2016, and is expected to maintain its dominance during the forecasted period. Manufacturers are focusing on offering new and innovative alternatives that are sourced from plants, hence fueling demand for alternative proteins such as soy and pea. Change in the consumption pattern and lifestyle coupled with increasing demand of high nutrition food is expected to drive the alternative protein market, globally.
Alternative proteins have been classified into three main categories: first generation, second generation and third generation. First generation alternative protein includes soy, which has the largest market. Second generation alternative protein includes peas, rice, canola etc., which accounts for approximately 10% of the total alternative proteins market. Third generation alternative proteins includes algae and insect protein and will also see growth for its lower land use requirements, greenhouse gas emission potential and high protein digestibility.
For the purpose of this study, the global alternative proteins market by application is categorized into:
Alternative proteins find its application in weight management products, sports nutrition, positive nutrition, healthy nutrition and others (includes baby food and meal replacement drinks). Alternative proteins offer various benefits such as increase in strength, enhanced performance and assistance in weight control and help in maintaining a healthy life style. Proteins are considered as one of the major food constituents and are preferred by fitness enthusiast and gym users. In 2016, on the basis of application, the alternative proteins market was dominated by sports nutrition segment. This segment is projected to witness growth of over 7.6% between 2017 and 2025. Increased usage of alternative proteins, especially in ready to drink beverages, and post workout drinks is expected to drive segment growth over the forecast period. Healthy nutrition is the second largest segment in alternative protein application market. Due to increasing number of people focusing on their diets coupled with consumer shift towards healthy lifestyle is expected to support the growth of healthy nutrition segment during the forecasted period.
On the basis of geography, the global alternative proteins market is segmented as per following regions and countries
The global alternative proteins market has been segmented geography-wise, wherein a detailed analysis of every country has been conducted in this section. These regions include North America, Asia Pacific, Europe, Latin America and the Middle East & Africa.
The global market for alternative proteins is dominated by North America region in terms of value, accounted for approximately 33% of global alternative protein market, followed by Europe and Asia Pacific. Increasing demand for healthy drinks, meal replacement beverages and high protein products among consumers in the U.S. is driving demand for alternative proteins. Asia Pacific is projected to grow at the fastest CAGR of 8.2% at regional level during the forecasted period. Increasing preference of consumers for second and third generation protein coupled with growing food industry is expected to boost the growth of Asia Pacific market. China is the fastest growing country in alternative protein market and is expected to witness the growth of more than 9% between 2017 and 2025. High consumption of algae and insect based products in China is driving demand for alternative proteins in this country.
