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:
- Current and future market trends to justify the forthcoming attractive markets within the alternative proteins industry
- Market drivers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2015 – 2016)
- SRC (Segment-Region-Country) Analysis
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.
