Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Protein Alternatives market. Market segmentation includes by Source (Plant Protein, Insect Protein, Mycoprotein, and Algal Protein).
Safety of food has become the top most concern for people in countries around the world, amid the pandemic situation. With the world at a high risk of zoonotic diseases like the COVID-19 outbreak along with Influenza, Ebola and measles among others in the past, the focus shifted onto alternative meat. Alternative protein or alternative meat is anticipated to be increasingly integrated into the global protein supply industry going forward as people realize the risks associated with consuming animal protein. Already, products with alternative proteins, for example Beyond Meat and Impossible Burger, have been attracting consumers in a big way, in the recent years. Consumers wary about animal suffering and with an intention to reduce personal environmental footprint started consuming such products and with increasing demand, many more manufacturers emerged offering similar products.
Increasing incidence of chronic diseases such as CVD, diabetes, various cancers, and osteoporosis, and the urgent need for adequate intake of proteins in combating these diseases represent another important growth driver. Other factors poised to benefit market prospects in the near term include wide ranging applications of soy proteins owing to their widespread availability and favorable clinical research supporting its health and nutritional advantages; and surging popularity of pea protein alternatives with their health benefits and high nutritional value in terms of high in fiber, starch, vitamins, proteins, and minerals. Emergence of newer sources of proteins such as insect proteins, chickpeas, cricket proteins, and algae protein, etc. and the myriad health benefits offered by them in terms of maintaining general health and well-being, weight loss and weight management, as well as muscle building and muscle maintenance is also expected to provide additional impetus to market growth.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 372. Among this pool, 74 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 13 unique participations, a total of 6 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Archer Daniels Midland Company
MGP Ingredients, Inc.
Sonic Biochem Extraction Ltd.
The Nisshin OilliO Group Ltd.
Amy`s Kitchen, Inc.
Morningstar Farms L.C
Segments Covered in the Report -
Source (Plant Protein, Insect Protein, Mycoprotein, Algal Protein)
Application (Food & Beverage, Dietary Supplements, Other Applications)
Geographies Analyzed in the Report -
Rest of Europe
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.