Protein Alternatives Market to Rise at 16.2% CAGR by 2031, Value to Cross USD 73.9 Billion- Says AMR

According to a new report published by Allied Market Research, titled, “Protein Alternatives Market,” The protein alternatives market size was valued at $16.6 billion in 2021, and is estimated to reach $73.9 billion by 2031, growing at a CAGR of 16.2% from 2022 to 2031.

Protein alternative product demand is projected to be fueled by an increase in the consumption of clean proteins as well as by growth in consumer awareness and adoption of proteins from sustainably derived sources. Consumer awareness of the value of clean protein in a daily diet for sustaining energy and managing weight is expected to have a beneficial effect on the protein alternatives market growth.

Request For Free Sample: https://www.alliedmarketresearch.com/request-sample/11337

Protein Alternatives Market Growth:

The protein alternatives market analysis shows high growth potential in Asia-Pacific and LAMEA, owing to rise in consumer disposable income. Moreover, compared to protein from animal sources, protein alternatives are high in critical elements and fiber and low in fat and calories. Thus, rise in health consciousness and awareness of protein-rich diets are the factors projected to fuel the demand for protein alternatives for culinary applications throughout Asia-Pacific in the future. Moreover, the market participants are expected to introduce cutting-edge protein alternatives market trends in Asia-Pacific, which offers prospective protein alternatives market opportunities.

Buy Now & Get Exclusive Discount on this Report : https://www.alliedmarketresearch.com/checkout-final/6045cbde81b494109653147704ff9af8

Leading Key Players:

The major players analyzed for the global Protein alternatives industry are Armstrong Cricket Farm Georgia, Aspire Food Group, Axiom Foods Inc, Burcon NutraScience Corporation, Enterra Feed Corporation, Entomo Farms, Glanbia PLC, Now Foods, Pond Technologies Holdings Inc, Protix B.V, Archer Daniels Midland Company. Bluebiotech International GmbH, Calysta, Inc., Cargill, Incorporated, Cellena Inc., JR Unique Foods Ltd., Kerry Group Plc, Plantible Foods, Inc., Roquette Frères, String Bio, MycoTechnology, Inc, Farbest Brands.

Key findings of the study

On the basis of source, the plant protein segment was the highest revenue contributor to the market with $13862.3 million in 2021, and is estimated to reach $60171 million by 2031, with a CAGR of 15.9%.
On the basis of application, the food & beverage segment was the highest revenue contributor to the market, with $9577.7 million in 2021, and is estimated to reach $40695.1 million by 2031, with a CAGR of 15.6%.
On the basis of distribution channel, the Hypermarket and Supermarket Protein alternatives segment was the highest revenue contributor to the market, with $9587.2 million in 2021, and is estimated to reach $38254.1 million by 2031, with a CAGR of 14.9%.
On the basis of region, North America was the highest revenue contributor, accounting for $5663.5 million in 2021, and is estimated to reach $24451.4 million by 2031, with a CAGR of 15.8%.

To Get In-Depth Information Connect To Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/11337

Check out more related studies published by AMR Research:

Peppermint Oil Market

Organic Honey Market

U.S. and Australia Egg Protein Market

Guacamole Market

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com