United States Alternative Proteins Market Report and Forecast 2024-2032

United States Alternative Proteins Market Outlook

The United States market size for alternative proteins reached a value of more than 2.81 MMT in 2023. The United States alternative proteins market is expected to grow at a CAGR of 17.4% between 2024 and 2032, reaching a projected value of 11.89 MMT by 2032.

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Key Trends in the Market

Alternative protein sources are immensely versatile and can include anything from algae to re-engineered plant-based legumes as well as a range of meat substitutes. Some common examples include lab-grown meat, plant-based meat, single-cell proteins from yeast or algae, and edible insects.

• The sales in the alternative proteins market are likely to propel on account of the surging number of venture investments in alternative protein companies.

• The growing food industry is expected to fuel the growth of the United States alternative proteins market. The increasing demand for protein has resulted in the food industry developing numerous innovations in categories like alternative proteins, which still has scope for further improvement in terms of nutritional content.

• The market opportunities are likely to enhance over the upcoming years owing to the advantage of alternative proteins like lower carbon emissions. Other advantages include fewer concerns about intensive animal farming and its ethical and environmental consequences, while still getting tasty, nutritious, as well as healthy food.

• The environmental sustainability and the high nutritional value of edible insects are aiding the growth of the United States alternative proteins market.

• The surging research and development of innovative products coupled with the growing inclination toward veganism offer substantial market prospects for the growth of alternative proteins.

Market Analysis

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Based on source, the market can be segmented into plant based, fermentation, and cellular agriculture, among others. On the basis of ingredients, the market is bifurcated into bulk ingredients and specialty ingredients. Based on the end-uses, the market is divided into food and beverage, aquaculture, and animal feed, among others. Based on the application, it can be segmented into B2B and B2C.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States alternative proteins market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Greenleaf Foods SPC

• Archer Daniels Midland Company 

• Darling Ingredients 

• Cargill Incorporated 

• Kerry Group 

• Calysta 

• Others

Market Share by Source

The growing number of plant-based product launches coupled with the large presence of plant protein producers are expected to boost the plant based segment growth in the United States alternative proteins market over the coming years. Going further, the increasing demand from food and beverage producers and the rise in the vegan population is anticipated to bolster the plant based segment growth over the forecast period. Growing veganism coupled with surging awareness among customers about the harmful health effects of meat and meat products is further expected to influence the market growth of alternative protein.

Market Share by End-Use

The food and beverage segment is expected to witness substantial growth in the United States alternative proteins market on account of the increase in food producers coupled with the growing food processing industry. The United States is the second largest manufacturer of soybean which is further leading to a substantial increase in its usage as a subsidiary source of protein.

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Competitive Landscape

• Greenleaf Foods SPC is dedicated to forming the future of plant-based foods. The leading plant-based protein brand incorporates light life foods and field roasts. It is involved in changing plant-based protein with a huge range of delightful as well as advanced products that appeal to customers interested in adding protein range to their diets.

• Archer Daniels Midland Company is one of the world’s largest nutrition companies. The company is leading both human and animal nutrition. It transforms crops into quality ingredients as well as solutions for foods, beverages, and supplements, supplying people worldwide. It also offers a complete variety of solutions and services for livestock, aquaculture, and pets.

Other market players include Darling Ingredients, Cargill Incorporated, Kerry Group, and Calysta, among others.

Key Highlights of the Report