Alternative Protein Market Dynamics 2021-2031
Alternative Protein is basically referred to the proteins that are derived from algae, plant, and insects. They provide a substantial amount of protein as well as requires fewer natural inputs which is required to produce the common sources of protein such as fish and meat. Protein is mostly responsible for building lean body tissue and providing the elements needed for digestive enzymes.
MARKET SCOPE
The "Global Alternative Protein Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the alternative protein market with detailed market segmentation by source, application, and geography. The report provides key statistics on the market status of the leading alternative protein market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on source, the global alternative protein market is segmented into plant, microbial and insects.
- Based on application, the market is bifurcated into food and beverages, animal feed, nutraceuticals, and others.
MARKET DYNAMICS
Drivers
- The sift in the consumer preference towards veganism as well as healthy lifestyle will lead to an increase demand for plant-based protein and will drive the growth of alternative protein market.
- The increasing incidence of intolerance faced by the animals has also led to an increase demand for alternative protein across the world.
Restraints
- The lack of consumer awareness cross the world will hamper the alternative protein market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The alternative protein market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the alternative protein market in these regions.
IMPACT OF COVID-19 ON ALTERNATIVE PROTEIN MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The demand for alternative protein market has had a positive impact from the pandemic. The consumers are shifting from animal-based protein to plant-based protein which will drive the growth of alternative protein market. As the consumers are focusing on healthy lifestyle due to COVID, the demand for alternative protein product will rise due to the health benefits provided by the products. In Spain, consumers are increasingly adopting plant-based protein which is going to have a positive impact on alternative protein market.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The alternative protein market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the alternative protein market in these regions.
IMPACT OF COVID-19 ON ALTERNATIVE PROTEIN MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The demand for alternative protein market has had a positive impact from the pandemic. The consumers are shifting from animal-based protein to plant-based protein which will drive the growth of alternative protein market. As the consumers are focusing on healthy lifestyle due to COVID, the demand for alternative protein product will rise due to the health benefits provided by the products. In Spain, consumers are increasingly adopting plant-based protein which is going to have a positive impact on alternative protein market.
MARKET PLAYERS
The report covers key developments in the alternative protein market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from alternative protein market are anticipated to lucrative growth opportunities in the future with the rising demand for alternative protein in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the alternative protein market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADM
- Corbion Biotech, Inc.
- DuPont
- Entocycle
- Glanbia plc
- Ingredion
- Kerry
- MGP Ingredients Inc
- Protix
- Roquette Freres
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Alternative Protein Market - By Source
1.3.2 Alternative Protein Market - By Application
1.3.3 Alternative Protein Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALTERNATIVE PROTEIN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ALTERNATIVE PROTEIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ALTERNATIVE PROTEIN MARKET - GLOBAL MARKET ANALYSIS
6.1. ALTERNATIVE PROTEIN - GLOBAL MARKET OVERVIEW
6.2. ALTERNATIVE PROTEIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ALTERNATIVE PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. PLANT
7.3.1. Overview
7.3.2. Plant Market Forecast and Analysis
7.4. MICROBIAL
7.4.1. Overview
7.4.2. Microbial Market Forecast and Analysis
7.5. INSECTS
7.5.1. Overview
7.5.2. Insects Market Forecast and Analysis
8. ALTERNATIVE PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. ANIMAL FEED
8.4.1. Overview
8.4.2. Animal Feed Market Forecast and Analysis
8.5. NUTRACEUTICALS
8.5.1. Overview
8.5.2. Nutraceuticals Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ALTERNATIVE PROTEIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Alternative Protein Market Overview
9.1.2 North America Alternative Protein Market Forecasts and Analysis
9.1.3 North America Alternative Protein Market Forecasts and Analysis - By Source
9.1.4 North America Alternative Protein Market Forecasts and Analysis - By Application
9.1.5 North America Alternative Protein Market Forecasts and Analysis - By Countries
9.1.5.1 United States Alternative Protein Market
9.1.5.1.1 United States Alternative Protein Market by Source
9.1.5.1.2 United States Alternative Protein Market by Application
9.1.5.2 Canada Alternative Protein Market
9.1.5.2.1 Canada Alternative Protein Market by Source
9.1.5.2.2 Canada Alternative Protein Market by Application
9.1.5.3 Mexico Alternative Protein Market
9.1.5.3.1 Mexico Alternative Protein Market by Source
9.1.5.3.2 Mexico Alternative Protein Market by Application
9.2. EUROPE
9.2.1 Europe Alternative Protein Market Overview
9.2.2 Europe Alternative Protein Market Forecasts and Analysis
9.2.3 Europe Alternative Protein Market Forecasts and Analysis - By Source
9.2.4 Europe Alternative Protein Market Forecasts and Analysis - By Application
9.2.5 Europe Alternative Protein Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Alternative Protein Market
9.2.5.1.1 Germany Alternative Protein Market by Source
9.2.5.1.2 Germany Alternative Protein Market by Application
9.2.5.2 France Alternative Protein Market
9.2.5.2.1 France Alternative Protein Market by Source
9.2.5.2.2 France Alternative Protein Market by Application
9.2.5.3 Italy Alternative Protein Market
9.2.5.3.1 Italy Alternative Protein Market by Source
9.2.5.3.2 Italy Alternative Protein Market by Application
9.2.5.4 United Kingdom Alternative Protein Market
9.2.5.4.1 United Kingdom Alternative Protein Market by Source
9.2.5.4.2 United Kingdom Alternative Protein Market by Application
9.2.5.5 Russia Alternative Protein Market
9.2.5.5.1 Russia Alternative Protein Market by Source
9.2.5.5.2 Russia Alternative Protein Market by Application
9.2.5.6 Rest of Europe Alternative Protein Market
9.2.5.6.1 Rest of Europe Alternative Protein Market by Source
9.2.5.6.2 Rest of Europe Alternative Protein Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Alternative Protein Market Overview
9.3.2 Asia-Pacific Alternative Protein Market Forecasts and Analysis
9.3.3 Asia-Pacific Alternative Protein Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Alternative Protein Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Alternative Protein Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Alternative Protein Market
9.3.5.1.1 Australia Alternative Protein Market by Source
9.3.5.1.2 Australia Alternative Protein Market by Application
9.3.5.2 China Alternative Protein Market
9.3.5.2.1 China Alternative Protein Market by Source
9.3.5.2.2 China Alternative Protein Market by Application
9.3.5.3 India Alternative Protein Market
9.3.5.3.1 India Alternative Protein Market by Source
9.3.5.3.2 India Alternative Protein Market by Application
9.3.5.4 Japan Alternative Protein Market
9.3.5.4.1 Japan Alternative Protein Market by Source
9.3.5.4.2 Japan Alternative Protein Market by Application
9.3.5.5 South Korea Alternative Protein Market
9.3.5.5.1 South Korea Alternative Protein Market by Source
9.3.5.5.2 South Korea Alternative Protein Market by Application
9.3.5.6 Rest of Asia-Pacific Alternative Protein Market
9.3.5.6.1 Rest of Asia-Pacific Alternative Protein Market by Source
9.3.5.6.2 Rest of Asia-Pacific Alternative Protein Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Alternative Protein Market Overview
9.4.2 Middle East and Africa Alternative Protein Market Forecasts and Analysis
9.4.3 Middle East and Africa Alternative Protein Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Alternative Protein Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Alternative Protein Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Alternative Protein Market
9.4.5.1.1 South Africa Alternative Protein Market by Source
9.4.5.1.2 South Africa Alternative Protein Market by Application
9.4.5.2 Saudi Arabia Alternative Protein Market
9.4.5.2.1 Saudi Arabia Alternative Protein Market by Source
9.4.5.2.2 Saudi Arabia Alternative Protein Market by Application
9.4.5.3 U.A.E Alternative Protein Market
9.4.5.3.1 U.A.E Alternative Protein Market by Source
9.4.5.3.2 U.A.E Alternative Protein Market by Application
9.4.5.4 Rest of Middle East and Africa Alternative Protein Market
9.4.5.4.1 Rest of Middle East and Africa Alternative Protein Market by Source
9.4.5.4.2 Rest of Middle East and Africa Alternative Protein Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Alternative Protein Market Overview
9.5.2 South and Central America Alternative Protein Market Forecasts and Analysis
9.5.3 South and Central America Alternative Protein Market Forecasts and Analysis - By Source
9.5.4 South and Central America Alternative Protein Market Forecasts and Analysis - By Application
9.5.5 South and Central America Alternative Protein Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Alternative Protein Market
9.5.5.1.1 Brazil Alternative Protein Market by Source
9.5.5.1.2 Brazil Alternative Protein Market by Application
9.5.5.2 Argentina Alternative Protein Market
9.5.5.2.1 Argentina Alternative Protein Market by Source
9.5.5.2.2 Argentina Alternative Protein Market by Application
9.5.5.3 Rest of South and Central America Alternative Protein Market
9.5.5.3.1 Rest of South and Central America Alternative Protein Market by Source
9.5.5.3.2 Rest of South and Central America Alternative Protein Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ALTERNATIVE PROTEIN MARKET, KEY COMPANY PROFILES
11.1. ADM
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CORBION BIOTECH, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DUPONT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENTOCYCLE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GLANBIA PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INGREDION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KERRY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MGP INGREDIENTS INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PROTIX
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ROQUETTE FRèRES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ADM
2. Corbion Biotech, Inc.
3. DuPont
4. Entocycle
5. Glanbia plc
6. Ingredion
7. Kerry
8. MGP Ingredients Inc
9. Protix
10. Roquette Freres
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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