Protein Alternatives Market – Growth, Trends And Forecasts (2020 – 2025)
The Protein Alternatives Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Protein Alternatives market report provides information regarding market size, share, trends, growth, cost structure, Protein Alternatives market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Protein Alternatives market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Protein Alternatives industry and provides data for making strategies to increase market growth and effectiveness.
The global protein alternatives market valued at USD 8.8 billion in 2018 and is expected to register a CAGR of 7.4% during the forecast period 2020-2025.
Scope of the report:
The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Protein Alternatives Market: MGP Ingredients Inc., Kerry Group, DuPont, The Archer Daniels Midland Company, Cargill Incorporated, Roquette Foods, Glanbia PLC, Corbion Biotech Inc., Ingredion Incorporated, Agriprotein Holdings Ltd, and others.
Key Market Trends
Increasing Incidences of Intolerance Toward Animal Protein
Due to animal protein allergies, most of the meat consumers are inclined toward meat substitutes made of vegan protein, which ultimately drives the plant protein market. According to the reference list of allergen data collection, the allergen from chicken meat ranges from 0.5-5% in Southern Europe. Pea protein, earlier recognized as a complete protein with the essential amino acid profile, contains egg like the potential that can be incorporated into several egg-based products, like pasta, vermicelli, cakes, and cookies. The increasing incidences of intolerance for animal protein, coupled with growing demand for protein source products, is fueling the alternative proteins market, worldwide.
North America to dominate the global market
The United States dominates the North America protein alternatives market by more than 60%. While there is still a strong dominance of animal protein among the US population, plant protein, such as soy, lentils, beans, etc., have been gaining high traction from the past few years. This is due to the high penetration of vegan protein-based products in the retail market and increased consumer awareness on the health benefits associated with it, along with weight management. With the existing business opportunities in the protein alternatives market, many companies are strategical including business expansion plans, specifically in the plant protein category.
Influence of the Protein Alternatives market report
– Comprehensive assessment of all opportunities and risks in the Protein Alternatives market.
– Protein Alternatives market recent innovations and major events.
– A Detailed study of business strategies for the growth of the Protein Alternatives market-leading players.
– Conclusive study about the growth plot of the Protein Alternatives market for forthcoming years.
– In-depth understanding of Protein Alternatives market-particular drivers, constraints, and major micro markets.
– Favorable impression inside vital technological and market latest trends striking the market report.
What are the market factors that are explained in the report?
– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
– Analytical Tools: The Protein Alternatives Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
- Protein Alternatives Market: Where are the opportunities? What does the future look like for the Protein Alternatives Market? What will be the market size in the next 5 years?
- Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
- Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?
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