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.
Download Sample Of This Report: https://www.alliedmarketresearch.com/request-sample/11337
On the other side, there is a lack of regulatory certainty for edible insect applications in the food business. The effects of eating edible insects can vary from person to person, making the clearance process more difficult. In turn, this limits the development of insect-based proteins. The market is also being hampered by allergies related to many protein alternatives, such as those derived from plants and insects.
Key Companies:
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%.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/checkout-final/56328288bf84d9037afde23857892aa8
