Press Release
Press Release
According to a new report by EMR titled, ‘The United States Alternative Proteins Market Report and Forecast 2024-2032’, the market attained a volume of more than 2.81 MMT in 2023. The market is expected to grow at a CAGR of 17.4% between 2024 and 2032, reaching 11.89 MMT by 2032.
The United States alternative proteins market is experiencing robust growth, fueled by increasing venture investments and demand for innovative protein sources. In the United States, the food industry's expansion is driving this growth, with a focus on improving nutritional content. CDC recommends 16% of kilocalories mean protein intake for men above 20 years. Further, females are recommended to have 15.7% of kilocalories.
Alternative proteins offer advantages such as lower carbon emissions and alleviating concerns about intensive animal farming. Edible insects are gaining traction due to their benefits of environmental sustainability and high nutritional value. Furthermore, research and development efforts, along with the rise in veganism, are creating significant market opportunities. This dynamic landscape underscores the potential for continued growth and innovation in alternative protein sources.
Due to the changing consumer preferences, the manufacturers are focusing on meeting their diverse needs and nutritional requirements. In March 2024, Blender Bites Limited partnered with Orgain Inc., the top-selling plant-based protein brand in the USA, to launch their new post-workout smoothie product, Superberry Sport™. This collaboration marks Blender Bites' entry into the sports nutrition market, combining Orgain's expertise in clean, organic nutrition.
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The major players in the United States alternative proteins market are Greenleaf Foods SPC, Archer Daniels Midland Company, Darling Ingredients, Cargill Incorporated, Kerry Group, and Calysta, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Ingredient |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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