The global protein alternatives market is expected to grow in the forecast period of 2026-2035 at a CAGR of 6.80%, driven by the rising health consciousness among consumers.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
6.8%
2026-2035
*this image is indicative*
North America is a significant regional market for the global protein alternatives industry owing to the rising demand for plant-based protein like soy, lentils, beans, and wheat, amongst others. Furthermore, North America’s protein alternatives industry is at its peak due to the significant increase in vegan population, rise in demand for healthy and nutritional products, along with weight management.
The Asia Pacific is expected to witness growth in upcoming years as they have started to incorporate more protein in their daily diets. People have become more health conscious and companies have started programmes and campaigns to educate customers about the benefits of alternative proteins. These factors have accelerated the growth of the protein alternatives industry in the Asia Pacific region. The rising technological advancement in the food and beverages industry has also aided the growth of the market.
The outbreak of the COVID-19 pandemic has provided lucrative growth opportunities to the protein alternatives industry. It has been found that coronavirus disease has been having an overwhelming impact on people with underlying health conditions like diabetes, hypertension, and heart disease. Protein alternatives can reduce the effect of such comorbidities as there is an abundance of macronutrients, micronutrients, and antioxidants present in them. Although COVID-19 has not affected the livestock, the pandemic increased the attention given to viral infections associated with livestock, leading to a higher demand for protein alternatives. Such factors kept the protein alternatives industry afloat during the pandemic, despite the initial disruptions in supply chain.
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Protein alternatives are non-meat and non-dairy proteins. They encompass everything from algae to re-engineered plant-based legumes and a variety of meat substitutes like lab-grown meat, plant-based meat, single-cell proteins from yeast or algae, and edible insects. These alternative proteins emphasise healthier eating and smaller environmental footprint without sacrificing the taste.
The major sources of protein alternatives are as follow:
The market can be broadly categorised on the basis of its application into:
The market can be broadly categorised on the basis of its region into:
The protein alternatives industry is witnessing a healthy growth due to the rapid shift of consumer preferences from animal protein to plant protein. Various factors like sustainability issues, health awareness, ethical or religious views, and environmental and animal rights are responsible for this growing inclination toward a plant-based diet. Meat and dairy-based products contain amino acids, which are associated with health issues like high cholesterol levels, further driving consumers towards seeking out protein alternatives. Such factors have aided the growth of the market in the historical period.
Growing urbanisation with a new customer base, innovation in food technology, growing venture investments in alternative protein companies, environmental concerns with consumption of animal protein, the high nutritional value of edible insects, and the rising inclination towards vegan diet are some of the factors propelling the growth of the protein alternatives industry. However, the high cost of alternative proteins might hinder the growth of the protein alternative industry.
The report presents a detailed analysis of the following key players in the global protein alternatives market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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The market is assessed to grow at a CAGR of 6.80% between 2026 and 2035.
The major market drivers are rising population, growing urbanisation, surging awareness about the importance of health and sustainability, and the increasing availability of protein alternatives based on different sources.
The key trends guiding the market demand are the rapid shift to plant-based proteins, innovations in food technology, and the rising inclination towards vegan diet.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Plant protein, mycoprotein, algal protein, and insect protein are the major sources of protein alternatives.
The significant applications of the products include food and beverage, dietary supplements, animal feed and pet food, and personal care and cosmetics, among others.
The major players in the market are Archer Daniels Midland Company, Cargill Incorporated, Glanbia PLC, Ingredion Incorporated, DuPont de Nemours Inc., and Kerry Group, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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