Alternative Proteins Market to Reach USD 3.89 Billion By 2027 | CAGR of 7.4%: Emergen Research

VANCOUVER, BC, Sept. 22, 2020 /PRNewswire/ -- The Global Alternative Proteins Market is projected to reach USD 3.89 billion by 2027, according to a recent report by Emergen Research. Over the years, there has been a growing change in diets and lifestyles that have occurred with increasing industrialization, economic development, millennials, and globalization. This is often expected to possess a substantial impact on the nutrition, health, and awareness status of the worldwide population, particularly in developing countries, which has actually led to the emergence and growth of this market.

The primary goal of the choice proteins is to reduce the climatic impact on the environment thanks to producing traditional livestock proteins, thereby offering other ways to feed the growing population. Hence, alternative protein products that are made up of known ingredients, like algae and plant proteins, are quickly and simply approved for safety by the FDA; whereas, products that involve heavy processing or a scientific approach got to follow the lengthy approval process in some regions.

According to our analysts, between the span of 2019 and 2025, the demand for alternative proteins is predicted to be mainly driven by urbanization with new consumer aspiration, including a growing population, innovation in food technology, growing venture investments in alternative protein companies, and high nutritional value of edible insects. Beyond the associated health benefits, consumers across the world believe that plant-based proteins improve their overall health and help with weight management. Thus, as consumer interest is growing in health, sustainability, and ethics; plant protein intake is on the increase in many regions, particularly promising is that the marketplace for meat and dairy alternatives.

Request free sample of this research report at: https://www.emergenresearch.com/request-sample/57

According to Emergen Research, in 2019, the plant-based protein segment accounted for the most important share of the worldwide alternative protein market. This segment holds around 45.1% share of the market valuation and is predicted to grow at a CAGR of 7.8% through the forecast period.

Key Highlights From The Report                                                                                     

• To satisfy the food demand of the growing population, the current food production must be almost doubled, which needs to be done through the use of environment-friendly and sustainable food production methods and sources of high nutrition. As per our analysis, meat production is probably going to be unsustainable by 2050 at current and projected rates of consumption, thanks to high resource intensity and destructive cost. This opens a superb opportunity for edible insects that have the potential to satisfy the food need with high nutrition and environmental sustainability.
• Among the plant-based protein space, pea and soy are the simplest known and most generally used protein ingredients from plant protein. The soy ingredient industry has seen dramatic improvements in both process and application technologies within the recent decade.
• The market trends include the increasing interest, research, and capitalization around using new or non-traditional animals for protein for human consumption. as an example, through a completely unique process referred to as cellular agriculture, an animal protein found in milk, meat, and eggs are often manufactured in laboratory settings through cell cultures.
• DuPont Nutrition & Health, which is a Dow DuPont Specialty Products Division business, in March 2019 added six plant protein nuggets to its Supro and Trupro product range. The new ingredients contain more protein or less sodium than previous offerings, and that they are available a variety of formats and textures for usage in nutrition bars, snacks, and cereals, which are particularly consistent with the corporate.
• The North American region is predicted to dominate the worldwide alternative proteins market within the next five years, due to the rising concern over animal products and protein, increasing vegan population, as well as the surging investment in protein alternative products. The presence of an outsized number of key players with the strong capability of R&D and technology also complements the choice protein market during this region.
• Key participants include Kerry Inc., DuPont de Nemours Inc., Corbion NV, Glanbia PLC, Tate & Lyle PLC, The Archer Daniels Midland Company, Ingredion Incorporated, and Cargill Incorporated, among others.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/alternative-proteins-market

For the purpose of this report, Emergen Research has segmented the Global Alternative Proteins Market on the basis of source, application, and region:

Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Plant Protein
• Mycoprotein
• Algal Protein
• Insect Protein

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Food and Beverage
• Dietary Supplements
• Animal Feed and Pet Food
• Personal Care and Cosmetics

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• North America

1. U.S.
2. Canada
3. Mexico

• Europe

1.  U.K.
2.  Germany
3.  France
4.  BENELUX
5.  Rest of Europe

• Asia Pacific

1.  China
2.  Japan
3.  South Korea
4.  Rest of APAC

• Latin America

1.  Brazil
2.  Rest of LATAM

• Middle East & Africa

1.  Saudi Arabia
2.  UAE
3.  Rest of MEA

Find more similar research insights by Emergen Research:

Cannabis Market By Product Type (Flower, Concentrates, Others), By Compound (Tetrahydrocannabinol, Cannabidiol (CBD), Balanced THC & CBD), By Application (Medical, Recreational, Pain Management, Neurological Health Management, Others), and Regions Forecasts to 2027

Food Safety Testing System Market Size, Share, Trends, By Test (Chemical & Nutritional, Allergen) and By Application (Processed Food, Beverages, Others), Forecasts to 2027

Synthetic Food Market Size, Share, Trends, By Product, By End Users (Beverages, Bakery & Confectionery, Dairy & Frozen Products, Animal & Pet Food, Savory & Snacks) and By Distribution Channel Forecasts to 2027

Food Cold Chain Market by Type (Monitoring Components, Transportation, Others), By Packaging (Materials, Product), By Equipment (Transportation equipment, Storage equipment) and By Application (Fruit pulp & concentrates, Fruits & vegetables, Others), Forecasts to 2027

About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

Contact Us:

Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]

Read full Press Release at : https://www.emergenresearch.com/press-release/global-alternative-proteins-market

SOURCE Emergen Research