Alternative Proteins Market By Product Type (Soy Protein, Pea, Rice, Canola, Third Generation Protein), By Application (Weight Management, Sports Nutrition, Positive Nutrition, Health Nutrition) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

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.

Alternative Proteins Market

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.

For the purpose of this study, the global alternative proteins market by application is categorized into:

  • Weight Management
  • Sports Nutrition
  • Positive Nutrition
  • Healthy Nutrition
  • Others

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.

Alternative Proteins Market

On the basis of geography, the global alternative proteins market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • Africa
    • Rest of Middle East & Africa

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.

Alternative Proteins Market

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Published Date:  Sep 2017
Category:  Food & Beverage
Report ID:   58709
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
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