MARKETWIRE.NET

Decode Your Next Market Move

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).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 7:18 a.m., Silicon Valley, California - According to the new market research report, the global market for Protein Alternatives is projected to grow at a CAGR of 8.0% reach US$4.8 billion by 2027, driven by the growing awareness about health benefits of protein alternatives, particularly in muscle building, ensuring satiety and assisting in weight loss. The past few years has seen protein demand rise considerably, as seen by the continuous rise in consumption of high-protein foods and beverages. As against the earlier trend when consumption of high-protein foods was found to be high among body builders and athletes, protein demand has now become more mainstream having found their way even way even into infant nutrition products. While the demand for proteins remains high among millennial, with both men and women seeking high-protein foods in their diets. Consumption of high-protein foods is also increasing among the elderly due to the greater awareness about protein products targeting baby boomers. Scientific evidence supporting the need for protein-rich foods for maintaining health of elderly people is also stimulating demand for high-protein foods. With proteins gaining essentiality in diets, new products are being launched on a regular basis.

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.

Research Methodology
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.
Beyond Meat
Quorn Foods
Morningstar Farms L.C
Gardein

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 -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Latin America
Middle East
Africa.

View Executive Engagement Dashboards, COVID Impact Questionnaires & Get Complimentary Access to Methodology & Full-Text Secondary Sources

For enquiries e-mail us at sales@strategyR.com .

For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

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.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com