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Alternative Protein Market Size, Share, Trends, Industry Analysis Report: By Source, Form (Dry and Liquid), By Application, and By Region – Market Forecast, 2025–2034

Published May 01, 2025
Length 129 Pages
SKU # PLRS20198901

Description

The global alternative protein market size is expected to reach USD 220.30 billion by 2034, according to a new study by Polaris Market Research. The report “Alternative Protein Market Size, Share, Trends, Industry Analysis Report: By Source, Form (Dry and Liquid), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Alternative proteins encompass a wide range of products, including plant-based proteins, cell-cultured or lab-grown meat, insect proteins, and fermentation-derived proteins. These proteins aim to replace or complement traditional animal-based proteins while addressing critical challenges like resource scarcity, greenhouse gas emissions, and ethical concerns related to livestock farming. The market has witnessed significant investments from both startups and established food companies, alongside regulatory advancements and technological breakthroughs that have improved the taste, texture, and affordability of alternative protein products.

The growing consumer preference for sustainable and environmentally friendly food options is propelling the alternative protein market growth. Traditional animal-based proteins are produced through livestock farming, which is a major contributor to deforestation, water usage, and greenhouse gas emissions. This increase in greenhouse gas emissions is driving consumers to actively seek alternatives, such as plant-based and lab-grown proteins, that align with their values. Plant-based and lab-grown proteins offer a significantly lower carbon footprint, reduced land use, and minimized water consumption compared to conventional meat production.

Alternative Protein Market Report Highlights

In terms of source, the plant-based segment held the largest market share in 2024 due to increasing consumer awareness of sustainability, health, and animal welfare.

Based on form, the dry segment accounted for a major market share in 2024 due to its extended shelf life, ease of transportation, and compatibility with a wide range of food formulations.

In the global market, North America accounted for a major market share in 2024 due to its strong consumer demand, advanced food processing infrastructure, and high level of investment in food innovation.

The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, owing to rapid urbanization, population growth, and rising incomes.

Some of the global key market players are AB Mauri, AMCO Proteins, Angel Yeast, Archer Daniel Midland Company, Axiom Foods, Calysta Inc., Cargill Incorporation, Darling Ingredients, Griffith Foods, Hamlet Protein, Ingredion, Innovafeed, Lallemand Inc., Royal DSM NV, and Ynsect.

Polaris Market Research has segmented the alternative protein market report on the basis of source, form, application, and region:

By Source Outlook (Revenue, USD Billion, 2020–2034)

Plant-Based

Soy Protein Isolates

Soy Protein Concentrates

Fermented Soy Protein

Duckweed Protein

Others

Insect-Based

Microbial-Based

Bacteria

Yeast

Algae

Fungi

Others

By Form Outlook (Revenue, USD Billion, 2020–2034)

Dry

Liquid

By Application Outlook (Revenue, USD Billion, 2020–2034)

Food & Beverage

Meat Analogs

Bakery

Dairy Alternatives

Cereals & Snacks

Beverages

Others

Animal Feed

Poultry

Broiler

Layer

Turkey

Aquaculture

Salmon

Trout

Shrimps

Carp

Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Table of Contents

129 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Source
3.2.1. Primary Source
3.2.2. Secondary Source
4. Global Alternative Protein Market Insights
4.1. Alternative Protein Market – Market Snapshot
4.2. Alternative Protein Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing Disposable Income Worldwide
4.2.1.2. Increasing Urbanization Worldwide
4.2.2. Restraints and Challenges
4.2.2.1. High in carbohydrates and are less easily absorbed than animal protein
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Alternative Protein Market Trends
4.6. Value Chain Analysis
5. Global Alternative Protein Market, by Source
5.1. Key Findings
5.2. Introduction
5.2.1. Global Alternative Protein Market, by Source, 2020-2034 (USD Billion)
5.3. Plant-based
5.3.1. Global Alternative Protein Market, by Plant-based, by Region, 2020-2034 (USD Billion)
5.3.2. Soy protein isolates
5.3.2.1. Global Alternative Protein Market, by Soy protein isolates, by Region, 2020-2034 (USD Billion)
5.3.3. Soy protein concentrates
5.3.3.1. Global Alternative Protein Market, by Soy protein concentrates, by Region, 2020-2034 (USD Billion)
5.3.4. Fermented soy protein
5.3.4.1. Global Alternative Protein Market, by Fermented soy protein, by Region, 2020-2034 (USD Billion)
5.3.5. Duckweed protein
5.3.5.1. Global Alternative Protein Market, by Duckweed protein, by Region, 2020-2034 (USD Billion)
5.3.6. Others
5.3.6.1. Global Alternative Protein Market, by Others, by Region, 2020-2034 (USD Billion)
5.4. Insect-based
5.4.1. Global Alternative Protein Market, by Insect-based, by Region, 2020-2034 (USD Billion)
5.4.2. Microbial-based
5.4.2.1. Global Alternative Protein Market, by Microbial-based, by Region, 2020-2034 (USD Billion)
5.4.3. Bacteria
5.4.3.1. Global Alternative Protein Market, by Bacteria, by Region, 2020-2034 (USD Billion)
5.4.4. Yeast
5.4.4.1. Global Alternative Protein Market, by Yeast, by Region, 2020-2034 (USD Billion)
5.4.5. Algae
5.4.5.1. Global Alternative Protein Market, by Algae, by Region, 2020-2034 (USD Billion)
5.4.6. Fungi
5.4.6.1. Global Alternative Protein Market, by Fungi, by Region, 2020-2034 (USD Billion)
5.4.7. Others
5.4.7.1. Global Alternative Protein Market, by Others, by Region, 2020-2034 (USD Billion)
6. Global Alternative Protein Market, by Form
6.1. Key Findings
6.2. Introduction
6.2.1. Global Alternative Protein Market, by Form, 2020-2034 (USD Billion)
6.3. Dry
6.3.1. Global Alternative Protein Market, by Dry, by Region, 2020-2034 (USD Billion)
6.4. Liquid
6.4.1. Global Alternative Protein Market, by Liquid, by Region, 2020-2034 (USD Billion)
7. Global Alternative Protein Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Alternative Protein Market, by Application, 2020-2034 (USD Billion)
7.3. Food & Beverage
7.3.1. Global Alternative Protein Market, by Food & Beverage, by Region, 2020-2034 (USD Billion)
7.3.2. Meat analogs
7.3.2.1. Global Alternative Protein Market, by Meat analogs, by Region, 2020-2034 (USD Billion)
7.3.3. Bakery
7.3.3.1. Global Alternative Protein Market, by Bakery, by Region, 2020-2034 (USD Billion)
7.3.4. Dairy alternatives
7.3.4.1. Global Alternative Protein Market, by Dairy alternatives, by Region, 2020-2034 (USD Billion)
7.3.5. Cereals & snacks
7.3.5.1. Global Alternative Protein Market, by Cereals & snacks, by Region, 2020-2034 (USD Billion)
7.3.6. Beverages
7.3.6.1. Global Alternative Protein Market, by Beverages, by Region, 2020-2034 (USD Billion)
7.3.7. Others
7.3.7.1. Global Alternative Protein Market, by Others, by Region, 2020-2034 (USD Billion)
7.4. Animal Feed
7.4.1. Global Alternative Protein Market, by Animal Feed, by Region, 2020-2034 (USD Billion)
7.4.2. Poultry
7.4.2.1. Global Alternative Protein Market, by Poultry, by Region, 2020-2034 (USD Billion)
7.4.3. Broiler
7.4.3.1. Global Alternative Protein Market, by Broiler, by Region, 2020-2034 (USD Billion)
7.4.4. Layer
7.4.4.1. Global Alternative Protein Market, by Layer, by Region, 2020-2034 (USD Billion)
7.4.5. Turkey
7.4.5.1. Global Alternative Protein Market, by Turkey, by Region, 2020-2034 (USD Billion)
7.5. Aquaculture
7.5.1. Global Alternative Protein Market, by Aquaculture, by Region, 2020-2034 (USD Billion)
7.5.2. Salmon
7.5.2.1. Global Alternative Protein Market, by Salomon, by Region, 2020-2034 (USD Billion)
7.5.3. Trout
7.5.3.1. Global Alternative Protein Market, by Trout, by Region, 2020-2034 (USD Billion)
7.5.4. Shrimps
7.5.4.1. Global Alternative Protein Market, by Shrimps, by Region, 2020-2034 (USD Billion)
7.5.5. Carp
7.5.5.1. Global Alternative Protein Market, by Carp, by Region, 2020-2034 (USD Billion)
7.6. Others
7.6.1. Global Alternative Protein Market, by Others, by Region, 2020-2034 (USD Billion)
8. Global Alternative Protein Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Alternative Protein Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Alternative Protein Market – North America
8.3.1. North America: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.3.2. North America: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.3.3. North America: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.3.4. Alternative Protein Market – U.S.
8.3.4.1. U.S.: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.3.4.2. U.S.: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.3.4.3. U.S.: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.3.5. Alternative Protein Market – Canada
8.3.5.1. Canada: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.3.5.2. Canada: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.3.5.3. Canada: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4. Alternative Protein Market – Europe
8.4.1. Europe: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.2. Europe: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.3. Europe: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.4. Alternative Protein Market – UK
8.4.4.1. UK: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.4.2. UK: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.4.3. UK: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.5. Alternative Protein Market – France
8.4.5.1. France: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.5.2. France: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.5.3. France: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.6. Alternative Protein Market – Germany
8.4.6.1. Germany: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.6.2. Germany: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.6.3. Germany: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.7. Alternative Protein Market – Italy
8.4.7.1. Italy: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.7.2. Italy: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.7.3. Italy: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.8. Alternative Protein Market – Spain
8.4.8.1. Spain: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.8.2. Spain: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.8.3. Spain: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.9. Alternative Protein Market – Netherlands
8.4.9.1. Netherlands: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.9.2. Netherlands: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.9.3. Netherlands: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.10. Alternative Protein Market – Russia
8.4.10.1. Russia: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.10.2. Russia: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.10.3. Russia: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.4.11. Alternative Protein Market – Rest of Europe
8.4.11.1. Rest of Europe: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.4.11.2. Rest of Europe: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.4.11.3. Rest of Europe: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5. Alternative Protein Market – Asia Pacific
8.5.1. Asia Pacific: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.2. Asia Pacific: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.3. Asia Pacific: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.4. Alternative Protein Market – China
8.5.4.1. China: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.4.2. China: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.4.3. China: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.5. Alternative Protein Market – India
8.5.5.1. India: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.5.2. India: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.5.3. India: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.6. Alternative Protein Market – Malaysia
8.5.6.1. Malaysia: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.6.2. Malaysia: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.6.3. Malaysia: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.7. Alternative Protein Market – Japan
8.5.7.1. Japan: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.7.2. Japan: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.7.3. Japan: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.8. Alternative Protein Market – Indonesia
8.5.8.1. Indonesia: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.8.2. Indonesia: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.8.3. Indonesia: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.9. Alternative Protein Market – South Korea
8.5.9.1. South Korea: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.9.2. South Korea: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.9.3. South Korea: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.10. Alternative Protein Market – Australia
8.5.10.1. Australia: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.10.2. Australia: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.10.3. Australia: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.5.11. Alternative Protein Market – Rest of Asia Pacific
8.5.11.1. Rest of Asia Pacific: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.5.11.2. Rest of Asia Pacific: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.5.11.3. Rest of Asia Pacific: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.6. Alternative Protein Market – Middle East & Africa
8.6.1. Middle East & Africa: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.6.2. Middle East & Africa: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.6.3. Middle East & Africa: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.6.4. Alternative Protein Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.6.4.2. Saudi Arabia: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.6.4.3. Saudi Arabia: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.6.5. Alternative Protein Market – UAE
8.6.5.1. UAE: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.6.5.2. UAE: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.6.5.3. UAE: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.6.6. Alternative Protein Market – Israel
8.6.6.1. Israel: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.6.6.2. Israel: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.6.6.3. Israel: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.6.7. Alternative Protein Market – South Africa
8.6.7.1. South Africa: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.6.7.2. South Africa: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.6.7.3. South Africa: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.6.8. Alternative Protein Market – Rest of Middle East & Africa
8.6.8.1. Rest of Middle East & Africa: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.6.8.2. Rest of Middle East & Africa: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.6.8.3. Rest of Middle East & Africa: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.7. Alternative Protein Market – Latin America
8.7.1. Latin America: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.7.2. Latin America: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.7.3. Latin America: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.7.4. Alternative Protein Market – Mexico
8.7.4.1. Mexico: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.7.4.2. Mexico: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.7.4.3. Mexico: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.7.5. Alternative Protein Market – Brazil
8.7.5.1. Brazil: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.7.5.2. Brazil: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.7.5.3. Brazil: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.7.6. Alternative Protein Market – Argentina
8.7.6.1. Argentina: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.7.6.2. Argentina: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.7.6.3. Argentina: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
8.7.7. Alternative Protein Market – Rest of Latin America
8.7.7.1. Rest of Latin America: Alternative Protein Market, by Source, 2020-2034 (USD Billion)
8.7.7.2. Rest of Latin America: Alternative Protein Market, by Form, 2020-2034 (USD Billion)
8.7.7.3. Rest of Latin America: Alternative Protein Market, by Application, 2020-2034 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. AB Mauri
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. AMCO Proteins
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Angel Yeast
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Archer Daniel Midland Company
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Axiom Foods
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Calysta Inc.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Cargill Incorporation
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Darling Ingredients
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Griffith Foods
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Hamlet Protein
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Ingredion
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Innovafeed
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Lallemand Inc.
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Royal DSM NV
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Ynsect
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development
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