What is Protein Alternatives Market Scope?
An alternative protein-based diet can help reduce the effects of the virus on at-risk people as there is the presence of an abundance of macronutrients, micronutrients, and antioxidants. From a manufacturing and distributing point of view, this industry has faced unprecedented demand from manufacturers and consumers, particularly for some products such as meat analog and plant-based milk. Alternative proteins are generated with less dependence on labor, making them less prone to staffing scarcity than red meat, which is relatively labor-intensive.
The Protein Alternatives market study is being classified by Type (Plant Protein, Mycoprotein, Algal Protein, Insect Protein and Others), by Application (Food and Beverage, Dietary Supplements, Animal Feed & Pet Food, Personal Care and Cosmetics and Others) and major geographies with country level break-up.
The global protein alternatives market is fragmented, and Cargill, ADM, Kerry Group, and DuPont dominate the market with major strategies, such as acquisitions, expansions, and new product launches. Cargill leads the market among the major players in the protein alternatives market. These companies, in order to retain their position within the market or gain an advantage over its competitors, have set their focus on research and development. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Protein Alternatives market throughout the predicted period.
Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Roquette Freres (France), Ingredion Incorporated (United States), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (United States), Now Foods (United States), Tate & Lyle Plc (United Kingdom), Axiom Foods Inc. (United States) and Burcon NutraScience Corporation (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Beneo GmbH (Germany), Glanbia Plc (Ireland), Sotexpro (France), CHS Inc (United States), AgriProtein (South Africa), Ynsect (France) and Enterra Feed Corporation (Canada).
Analyst at AMA have segmented the market study of Global Protein Alternatives market by Type, Application and Region.
On the basis of geography, the market of Protein Alternatives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
- Increasing Intolerance Toward Animal Protein, Leading To The Shift In Preference Toward Meat Substitutes Made Of Vegan Protein
- Growing Urbanization, Growing Venture Investments In Alternative Protein Companies, And Innovation In Food Technology
- High Cost Of Alternative Proteins And Significant Preference For Animal-Based Products
- Increasing Soy-Free and Gluten-Free Trend
Key Target AudienceProtein Alternatives Manufacturers, Raw Material Suppliers, Potential Investors, End-Use Industry and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Protein Alternatives market expands?
The Global Protein Alternatives market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Protein Alternatives market?
The prominent players of Global Protein Alternatives market are Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Roquette Freres (France), Ingredion Incorporated (United States), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (United States), Now Foods (United States), Tate & Lyle Plc (United Kingdom), Axiom Foods Inc. (United States) and Burcon NutraScience Corporation (Canada), to name a few.
3. What are the top priorities to focus for Protein Alternatives marketís growth?
In this highly competitive & fast evolving Protein Alternatives industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.