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Plant-Based and Alternative Protein Market Forecasts to 2032 – Global Analysis By Product Type (Plant-Based Meat Alternatives, Plant-Based Dairy Alternatives, Plant-Based Egg Alternatives, and Protein Ingredients & Blends), Protein Type, Form, Distributio

Publisher Stratistics Market Research Consulting
Published Oct 21, 2025
Length 200 Pages
SKU # SMR20481162

Description

According to Stratistics MRC, the Global Plant-Based and Alternative Protein Market is accounted for $99.9 billion in 2025 and is expected to reach $199.7 billion by 2032 growing at a CAGR of 10.4% during the forecast period. Plant-based and alternative protein includes plant-based meats, dairy alternatives, cultured proteins, and novel ingredient systems that replicate animal product texture and nutrition. Growth is propelled by environmental concerns, health preferences, animal welfare considerations, and technical advances in formulation and processing. Wider retail distribution, foodservice adoption, and improved sensory quality increase consumer acceptance.

According to data cited from the United Nations (UN) population projections in a market analysis report, the anticipated global population surge to 8.5 billion by 2030.

Market Dynamics:

Driver:

Health Consciousness

Consumers are increasingly drawn to plant-based options due to their association with reduced risks of heart disease, diabetes, and certain cancers linked to high red meat consumption. Furthermore, these products are often perceived as containing fewer saturated fats and zero cholesterol. This health-driven shift is not just a trend but a fundamental change in dietary choices, compelling food manufacturers to innovate and capture this health-conscious consumer segment, thereby directly fueling market expansion.

Restraint:

Taste and Texture Challenges

A significant hurdle for the industry remains the inability of some products to authentically replicate the sensory experience of animal meat. Despite advancements, many consumers report that plant-based alternatives can have an unconvincing mouthfeel, aftertaste, or lack the desired juiciness. This gap in sensory satisfaction can deter repeat purchases and limit adoption among more mainstream, flexitarian consumers who are not fully committed to a plant-based diet. Overcoming this barrier is critical for long-term growth, as taste remains the ultimate deciding factor for the majority of consumers.

Opportunity:

Product Diversification

Companies are moving beyond basic burgers and sausages into diverse categories like seafood, poultry, and ready-to-eat meals. Additionally, there is a burgeoning opportunity in leveraging novel protein sources such as lentils, chickpeas, and fungi to cater to varied nutritional needs and culinary preferences. This strategy not only attracts a broader consumer base but also helps brands differentiate themselves in an increasingly competitive landscape, unlocking new revenue streams and driving market penetration.

Threat:

Limited Availability

Despite growing retail presence, the limited availability of alternative protein products in mainstream foodservice channels and smaller retail outlets in many regions acts as a major threat. This inconsistent distribution creates accessibility issues, hindering impulse buys and trial from curious consumers. Moreover, price parity remains elusive, with many products priced at a premium compared to their animal-based counterparts. This combination of physical and economic inaccessibility can stifle market growth by preventing the category from reaching its full potential audience.

Covid-19 Impact:

The pandemic initially disrupted supply chains, causing temporary production halts and shortages. However, it ultimately acted as a significant accelerator for the market. Widespread concerns over food safety, meat processing vulnerabilities, and zoonotic diseases prompted many consumers to reconsider their protein sources. This led to a surge in trial and adoption of plant-based products as perceived safer and more resilient alternatives. The resultant shift in consumer mindset has provided a lasting boost to the sector, solidifying its position in the post-pandemic market landscape.

The plant-based meat alternatives segment is expected to be the largest during the forecast period

The plant-based meat alternatives segment is expected to account for the largest market share during the forecast period driven by its widespread availability and successful penetration into mainstream retail and foodservice. Products like burgers, sausages, and ground meat analogs have become household items, appealing directly to flexitarians seeking to reduce, not eliminate, meat consumption. Furthermore, massive investments in marketing and product development by established brands have created strong consumer recognition and trust. This segment's ability to offer a familiar and convenient cooking experience ensures its continued leadership in the market.

The cultured meat / cell-based protein segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the cultured meat / cell-based protein segment is predicted to witness the highest growth rate due to its potential to address ethical and environmental concerns without compromising on the authentic taste of meat. Recent regulatory approvals in key markets like the U.S. and Singapore have paved the way for commercial launch, generating significant consumer curiosity and investment. Moreover, as production technologies scale and costs decrease, cell-based protein is expected to become more accessible, positioning it as the high-growth frontier for the long-term transformation of the protein industry.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share owing to high consumer awareness, strong purchasing power, and a well-established retail infrastructure that readily supports new product launches. The region is home to several industry pioneers whose aggressive marketing and continuous innovation have cultivated a mature and receptive consumer base. Additionally, the high density of flexitarian populations in the U.S. and Canada, coupled with robust investment in food tech, ensures that North America remains the dominant revenue-generating region.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR fueled by a massive population, rising middle-class incomes, and deep-rooted culinary traditions that already include plant-based foods like tofu and tempeh. Growing health consciousness and environmental awareness, particularly in densely populated countries like China and India, are creating a fertile ground for market expansion. Furthermore, local startups and international giants are actively developing products tailored to regional tastes, which is crucial for winning over consumers and driving the remarkable growth rate predicted for this region.

Key players in the market

Some of the key players in Plant-Based and Alternative Protein Market include Archer Daniels Midland Company, Cargill, Incorporated, Kerry Group, DSM-Firmenich, Roquette Frères, Ingredion Incorporated, Glanbia PLC, Wilmar International Ltd., Tate & Lyle PLC, International Flavors & Fragrances Inc., Nestlé S.A., Beyond Meat, Inc., Impossible Foods Inc., The Not Company (NotCo), Planted Foods, Banza, Nature's Fynd, Revo Foods, Mosa Meat, and Upside Foods.

Key Developments:

In June 2025, Roquette has expanded its Nutralys portfolio with two new solutions, a textured wheat protein and a textured pea protein. Roquette has expanded its Nutralys portfolio with two new solutions, a textured wheat protein and a textured pea protein. Nutralys T Wheat 600L, the group’s first-ever textured wheat protein, has been developed in response to evolving consumer preferences for fibrous, chicken-style meat alternatives.

In February 2024, Cargill and food tech leader ENOUGH, which produces fermented protein sustainably, are expanding their current partnership to further innovate nutritious and sustainable alternative meat and dairy solutions consumers crave. Cargill is investing in ENOUGH’s most recent (Series C) growth funding campaign and has signed a commercial agreement to use and market its fermented protein.

In February 2020, Retail food and foodservice businesses can now capture their share of the growing plant-based protein market under their own brands thanks to Cargill. The global food and agriculture company on Monday announced its new private label plant-based patties and ground products will hit retailers and restaurants in early April. The new offerings are part of Cargill's inclusive approach to the future of protein – advancing both animal and alternative protein products to meet the expected 70% growth in global demand for protein over the next 30 years.

Product Types Covered:
• Plant-Based Meat Alternatives
• Plant-Based Dairy Alternatives
• Plant-Based Egg Alternatives
• Protein Ingredients & Blends

Protein Types Covered:
• Plant-Based Proteins
• Microbial Fermentation Proteins
• Cultured Meat / Cell-Based Protein
• Insect Protein

Forms Covered:
• Solid
• Liquid
• Powder

Distribution Channels Covered:
• Business-to-Consumer (B2C)
• Business-to-Business (B2B)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Table of Contents

200 Pages
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Plant-Based and Alternative Protein Market, By Product Type
5.1 Introduction
5.2 Plant-Based Meat Alternatives
5.2.1 Burgers
5.2.2 Sausages
5.2.3 Patties & Nuggets
5.2.4 Minced Meat
5.2.5 Other Meat Analogs
5.3 Plant-Based Dairy Alternatives
5.3.1 Milk
5.3.2 Yogurt
5.3.3 Cheese
5.3.4 Ice Cream
5.3.5 Butter & Creams
5.4 Plant-Based Egg Alternatives
5.5 Protein Ingredients & Blends
6 Global Plant-Based and Alternative Protein Market, By Protein Type
6.1 Introduction
6.2 Plant-Based Proteins
6.2.1 Soy Protein
6.2.2 Pea Protein
6.2.3 Wheat Protein
6.2.4 Mycoprotein
6.2.5 Other Plant Proteins
6.3 Microbial Fermentation Proteins
6.3.1 Biomass Fermentation
6.3.2 Precision Fermentation
6.4 Cultured Meat / Cell-Based Protein
6.5 Insect Protein
7 Global Plant-Based and Alternative Protein Market, By Form
7.1 Introduction
7.2 Solid
7.3 Liquid
7.4 Powder
8 Global Plant-Based and Alternative Protein Market, By Distribution Channel
8.1 Introduction
8.2 Business-to-Consumer (B2C)
8.2.1 Supermarkets/Hypermarkets
8.2.2 Convenience Stores
8.2.3 Online Retail/E-commerce
8.2.4 Specialty Health Stores
8.3 Business-to-Business (B2B)
8.3.1 Foodservice
8.3.2 Food & Beverage
8.3.3 HoReCa
9 Global Plant-Based and Alternative Protein Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Archer Daniels Midland Company
11.2 Cargill, Incorporated
11.3 Kerry Group
11.4 DSM-Firmenich
11.5 Roquette Frères
11.6 Ingredion Incorporated
11.7 Glanbia PLC
11.8 Wilmar International Ltd.
11.9 Tate & Lyle PLC
11.10 International Flavors & Fragrances Inc.
11.11 Nestlé S.A.
11.12 Beyond Meat, Inc.
11.13 Impossible Foods Inc.
11.14 The Not Company (NotCo)
11.15 Planted Foods
11.16 Banza
11.17 Nature's Fynd
11.18 Revo Foods
11.19 Mosa Meat
11.20 Upside Foods
List of Tables
Table 1 Global Plant-Based and Alternative Protein Market Outlook, By Region (2024-2032) ($MN)
Table 2 Global Plant-Based and Alternative Protein Market Outlook, By Product Type (2024-2032) ($MN)
Table 3 Global Plant-Based and Alternative Protein Market Outlook, By Plant-Based Meat Alternatives (2024-2032) ($MN)
Table 4 Global Plant-Based and Alternative Protein Market Outlook, By Burgers (2024-2032) ($MN)
Table 5 Global Plant-Based and Alternative Protein Market Outlook, By Sausages (2024-2032) ($MN)
Table 6 Global Plant-Based and Alternative Protein Market Outlook, By Patties & Nuggets (2024-2032) ($MN)
Table 7 Global Plant-Based and Alternative Protein Market Outlook, By Minced Meat (2024-2032) ($MN)
Table 8 Global Plant-Based and Alternative Protein Market Outlook, By Other Meat Analogs (2024-2032) ($MN)
Table 9 Global Plant-Based and Alternative Protein Market Outlook, By Plant-Based Dairy Alternatives (2024-2032) ($MN)
Table 10 Global Plant-Based and Alternative Protein Market Outlook, By Milk (2024-2032) ($MN)
Table 11 Global Plant-Based and Alternative Protein Market Outlook, By Yogurt (2024-2032) ($MN)
Table 12 Global Plant-Based and Alternative Protein Market Outlook, By Cheese (2024-2032) ($MN)
Table 13 Global Plant-Based and Alternative Protein Market Outlook, By Ice Cream (2024-2032) ($MN)
Table 14 Global Plant-Based and Alternative Protein Market Outlook, By Butter & Creams (2024-2032) ($MN)
Table 15 Global Plant-Based and Alternative Protein Market Outlook, By Plant-Based Egg Alternatives (2024-2032) ($MN)
Table 16 Global Plant-Based and Alternative Protein Market Outlook, By Protein Ingredients & Blends (2024-2032) ($MN)
Table 17 Global Plant-Based and Alternative Protein Market Outlook, By Protein Type (2024-2032) ($MN)
Table 18 Global Plant-Based and Alternative Protein Market Outlook, By Plant-Based Proteins (2024-2032) ($MN)
Table 19 Global Plant-Based and Alternative Protein Market Outlook, By Soy Protein (2024-2032) ($MN)
Table 20 Global Plant-Based and Alternative Protein Market Outlook, By Pea Protein (2024-2032) ($MN)
Table 21 Global Plant-Based and Alternative Protein Market Outlook, By Wheat Protein (2024-2032) ($MN)
Table 22 Global Plant-Based and Alternative Protein Market Outlook, By Mycoprotein (2024-2032) ($MN)
Table 23 Global Plant-Based and Alternative Protein Market Outlook, By Other Plant Proteins (2024-2032) ($MN)
Table 24 Global Plant-Based and Alternative Protein Market Outlook, By Microbial Fermentation Proteins (2024-2032) ($MN)
Table 25 Global Plant-Based and Alternative Protein Market Outlook, By Biomass Fermentation (2024-2032) ($MN)
Table 26 Global Plant-Based and Alternative Protein Market Outlook, By Precision Fermentation (2024-2032) ($MN)
Table 27 Global Plant-Based and Alternative Protein Market Outlook, By Cultured Meat / Cell-Based Protein (2024-2032) ($MN)
Table 28 Global Plant-Based and Alternative Protein Market Outlook, By Insect Protein (2024-2032) ($MN)
Table 29 Global Plant-Based and Alternative Protein Market Outlook, By Form (2024-2032) ($MN)
Table 30 Global Plant-Based and Alternative Protein Market Outlook, By Solid (2024-2032) ($MN)
Table 31 Global Plant-Based and Alternative Protein Market Outlook, By Liquid (2024-2032) ($MN)
Table 32 Global Plant-Based and Alternative Protein Market Outlook, By Powder (2024-2032) ($MN)
Table 33 Global Plant-Based and Alternative Protein Market Outlook, By Distribution Channel (2024-2032) ($MN)
Table 34 Global Plant-Based and Alternative Protein Market Outlook, By Business-to-Consumer (B2C) (2024-2032) ($MN)
Table 35 Global Plant-Based and Alternative Protein Market Outlook, By Supermarkets/Hypermarkets (2024-2032) ($MN)
Table 36 Global Plant-Based and Alternative Protein Market Outlook, By Convenience Stores (2024-2032) ($MN)
Table 37 Global Plant-Based and Alternative Protein Market Outlook, By Online Retail/E-commerce (2024-2032) ($MN)
Table 38 Global Plant-Based and Alternative Protein Market Outlook, By Specialty Health Stores (2024-2032) ($MN)
Table 39 Global Plant-Based and Alternative Protein Market Outlook, By Business-to-Business (B2B) (2024-2032) ($MN)
Table 40 Global Plant-Based and Alternative Protein Market Outlook, By Foodservice (2024-2032) ($MN)
Table 41 Global Plant-Based and Alternative Protein Market Outlook, By Food & Beverage (2024-2032) ($MN)
Table 42 Global Plant-Based and Alternative Protein Market Outlook, By HoReCa (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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