The Global Alternative Proteins Market report, compiled by Emergen Research, is a wide-ranging assessment of the global market size, share, and revenue generation during the historical years (2017-2019), which helps the analysts accurately forecast the same for the estimated period of (2020-2027). The report comprehensively studies the existing competitive scenario of the market, with prime focus on the leading market competitors and their business expansion strategies. The market intelligence report offers a complete overview of the market, along with an in-depth summary of the company profiles of the key market players. In the concluding part of the report, our team of analysts has included significant data and information,offering accurate insights into the global Alternative Proteins market growth on both regional and global levels.
Meat production is anticipated to be unsustainable by 2050 per the current rate of consumption. This is forecast to create lucrative opportunities for edible insects that have the potential to cater to the increased need for food with high nutritional value and is environmentally sustainable.
In 2019, the plant-based protein segment contributed to the massive share of the industry with a share of 45.1% and is forecast to register a CAGR of 8% throughout the estimated timeframe. Out of the plant-based proteins, soy and pea are the extensively used protein ingredients. The soy industry has witnessed rapid advancement in the process and application technologies in the last few years.
The food and beverage segment accounted for a substantial portion of the industry in 2019 and is forecast to retain its share owing to the increasing consumer demand for sustainable items, awareness of health benefits, the growing vegan populace, and the augmenting health concerns about animal products. The segment is anticipated to expand at a CAGR of 7.7% throughout the estimated timeframe.
North America is forecast to command the market growth over the projected timeframe owing to the augmenting concerns over animal products, increasing investment in R&D activities, and the presence of key players in the region. Asia Pacific is forecast to grow at an exponential rate due to rising food demand, increasing R&D funding and investment, and the emergence of innovative food technologies.
Key players of the market include Kerry Inc., DuPont de Nemours Inc., Glanbia PLC, Tate & Lyle PLC, Cargill Incorporated, Corbion NV, Ingredion Incorporated, and The Archer Daniels Midland Company,among others.
DuPont Nutrition and Health, a Dow DuPont Specialty Products Division business, expanded its Supro and Trupro portfolio with the addition of six new plant protein nuggets in 2019. The latest products comprise more protein and less sodium than the previous products and are available in a broad spectrum of formats and textures.
Furthermore, the report studies the market in terms of the global market reach and consumer bases in the key geographical regions. It provides a holistic overview of the key market players, emphasizing their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario.
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