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North America Alternative Proteins Market Size, Analysis: By Source: Plant Based, Fermentation, Cellular Agriculture; By Ingredient: Bulk Ingredients, Specialty Ingredients; By End Use: Food and Beverage, Aquaculture, Animal Feed; By Distribution Channel; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
North America Alternative Proteins Market Outlook
The market size for North America alternative proteins reached more than 3.24 MMT in 2023. The North America alternative proteins market is expected to grow at a CAGR of 17.7% in the forecast period of 2024-2032, reaching 14.05 MMT by 2032.
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Key Trends in the Market
Alternative proteins are a sustainable and nutritious food ingredient obtained from plants or fungi or insects as a substitute for animal-based protein ingredients. Three major protein alternative include beans and legumes, soy, and nuts and nut butter. Benefit of alternative proteins is that less energy is used by plant based proteins to produce them in comparison to animal based protein.
- Soy proteins are a growing a trend in the North America alternative proteins market as they are widely used for animal feed products for animals including calves, pigs. Soy protein is preferred because it provides advantages such as treatment of metabolic disorders, prevention of urinary tract infections, and weight control.
- Many people, especially athletes, youth, and celebrities are changing their habits and adopting to meat-free diets which is bringing a positive shift in the market. Also, an increase in acceptance of vegan lifestyles is another reason and a growing trend that is affecting the market positively, contributing to the growth of the North America alternative proteins market.
- Edible insects have a high nutritional value containing Vitamin B12, iron, zinc, fibre, and antioxidants, minimal requirements for space and adding them to the diet has a minimal environmental impact. Insects are used an alternative protein for the fish and as an ingredient.
Market Opportunities and Challenges
- The increase in health-conscious population in North America, particularly the United States, who are adapting their diets is a key opportunity for the market. People are interested in leading healthy and active lifestyles, vegan diets or are lactose intolerant resulting in a rise in consumers for healthy food products including alternative proteins.
- Low-cost food products that provide facilitate healthy diets are preferred in the market and meat-based proteins tend to be expensive. Alternative proteins are affordable and provide proteins equivalent to meat. They also have an additional advantage of being produced using less energy, thus lowering their costs.
Market Analysis
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Based on source, the North America alternative proteins market can be segmented into plant based, fermentation, and cellular agriculture, among others. On the basis of ingredient, it can be bifurcated into bulk ingredients and specialty ingredients. Based on end use the market is divided into food and beverages, aquaculture, animal feed and others. According to distribution channel, the market is segmented into B2B and B2C. The country wise division for the market is into the United States and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America alternative proteins market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- E.I. Dupont De Nemours and Company
- Greenleaf Foods SPC
- Archer Daniels Midland Company
- Darling Ingredients
- Cargill Incorporated
- Kerry Group
- Calysta
- Others
Market Share by Source
Plant based alternative proteins are an alternative for animal meat, but the colour, texture and flavours are given such that they appear to be animal meat. The sources of protein in these plant-based products vary from potatoes to soy to mung beans. Sometimes alternative proteins are fermented using microbes or are cultured straight from the animal cells in a process termed as fermentation. Cellular agriculture is similar to fermentation except that it produces animal products from cell cultures instead of animals directly. All these factors play a major role in the growth of the North America alternative proteins market.
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Competitive Landscape
- Kerry Group is a leading international group that provides nutritious and sustainable solutions. It was founded in 1972 in Listowel, Ireland. It partners with food and beverage and pharmaceutical markets.
- Calysta, founded in 2012, conducts research and development from Teessida, United Kingdom and believes in delivering the best protein products including alternative protein products via its patented fermentation platform.
- Darling Ingredients founded in 1882 is a Chicago based company and has its headquarters in United States. It is an agri-food company that is known to reduce food waste from animal-based co-products and natural materials.
Other market players include E.I. Dupont De Nemours and Company, Greenleaf Foods SPC, Archer Daniels Midland Company, and Cargill Incorporated, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Ingredient |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Alternative Proteins Market Analysis
8.1 Key Industry Highlights
8.2 North America Alternative Proteins Historical Market (2018-2023)
8.3 North America Alternative Proteins Market Forecast (2024-2032)
8.4 North America Alternative Proteins Market by Source
8.4.1 Plant Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Fermentation
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cellular Agriculture
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 North America Alternative Proteins Market by Ingredient
8.5.1 Bulk Ingredients
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Specialty Ingredients
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 North America Alternative Proteins Market by End Use
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Aquaculture
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Animal Feed
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 North America Alternative Proteins Market by Distribution Channel
8.7.1 B2B
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 B2C
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 North America Alternative Proteins Market by Country
8.8.1 Market Share
8.8.1.1 United States
8.8.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 E.I. Dupont De Nemours and Company
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Greenleaf Foods SPC
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Archer Daniels Midland Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Darling Ingredients
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Cargill Incorporated
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Kerry Group
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Calysta
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Alternative Protein Market: Key Industry Highlights, 2018 and 2032
2. North America Alternative Protein Historical Market: Breakup by Source (MMT), 2018-2023
3. North America Alternative Protein Market Forecast: Breakup by Source (MMT), 2024-2032
4. North America Alternative Protein Historical Market: Breakup by Ingredient MMT), 2018-2023
5. North America Alternative Protein Market Forecast: Breakup by Ingredient (MMT), 2024-2032
6. North America Alternative Protein Historical Market: Breakup by End Use (MMT), 2018-2023
7. North America Alternative Protein Market Forecast: Breakup by End Use (MMT), 2024-2032
8. North America Alternative Protein Historical Market: Breakup by Distribution Channel (MMT), 2018-2023
9. North America Alternative Protein Market Forecast: Breakup by Distribution Channel (MMT), 2024-2032
10. North America Alternative Protein Historical Market: Breakup by Country (MMT), 2018-2023
11. North America Alternative Protein Market Forecast: Breakup by Country (MMT), 2024-2032
12. North America Alternative Protein Market Structure
Key Questions Answered in the Report
The market size for North America alternative proteins reached over 3.24 MMT in 2023.
The expected market size is projected to reach a value of 14.05 MMT by 2032.
The North America market for alternative proteins is expected to grow at a CAGR of 17.7% in the forecast period of 2024-2032.
Alternative proteins are a sustainable and nutritious food ingredient obtained from plants or fungi or insects, and are used as a substitute for animal-based protein ingredients.
The three major protein alternative include beans and legumes, soy, and nuts and nut butters.
The key trends of the market are popularity of soy proteins, growing health consciousness among the population, and acceptance of edible insects.
Key drivers of the North America alternative proteins market are increase in population, low-cost of alternative proteins, and rising number of people preferring a vegan lifestyle.
The market for North America alternative proteins is segmented on the basis of source, ingredient, end use, distribution channels, and country
Based on end use, the market is divided into food and beverages, aquaculture, animal feed, and others.
Market players include E.I. Dupont De Nemours and Company, Greenleaf Foods SPC, Archer Daniels Midland Company, Cargill Incorporated, Kerry Group, Calysta, and Darling Ingredients, among others.
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