Global Alternative Protein Market Size & Outlook
The global alternative protein market size was estimated at USD 15,287.7 million in 2023 and is projected to reach USD 26,519.9 million by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$15,287.7
Forecast, 2030 (US$M)
$26,519.9
CAGR, 2024 - 2030
8.2%
Report Coverage
Worldwide
Global alternative protein market, 2018-2030 (US$M)
Related Markets
Global alternative protein market highlights
- The global alternative protein market generated a revenue of USD 15,287.7 million in 2023 and is expected to reach USD 26,519.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.2% by 2030.
- In terms of segment, plant protein accounted for a revenue of USD 13,733.0 million in 2023.
- Insect Protein is the most lucrative product type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 15,287.7 million |
| Market revenue in 2030 | USD 26,519.9 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Plant protein |
| Fastest growing segment | Insect Protein |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant Protein, Microbe based Protein, Insect Protein |
Other key industry trends
- In terms of revenue, the North America accounted for 36.8% of the global alternative protein market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 975.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Alternative Protein Market Scope
Alternative protein market segmentation & scope
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Alternative Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lightlife Foods | View profile | 101-250 | Turners Falls, Massachusetts, United States, North America | http://lightlife.com/ |
| Emsland Group | View profile | 1001-5000 | Emlichheim, Niedersachsen, Germany, Europe | https://emsland-group.de |
| Axiom Foods | View profile | 11-50 | Los Angeles, California, United States, North America | http://axiomfoods.com/ |
| AGT Food and Ingredients | View profile | 1001-5000 | Regina, Saskatchewan, Canada, North America | http://www.agtfoods.com/ |
| Impossible Foods | View profile | 501-1000 | Redwood City, California, United States, North America | http://impossiblefoods.com |
| ADM | View profile | - | Chicago, Illinois, United States, North America | https://www.adm.com |
| Bunge Global SA | View profile | 23000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | https://www.bunge.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| International Flavors & Fragrances Inc | View profile | 21500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | https://www.iff.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
| SunOpta Inc | View profile | 1174 | 7078 Shady Oak Road, Eden Prairie, MN, United States, 55344 | https://www.sunopta.com |
Global alternative protein market size, by regions, 2018-2030 (US$M)
Top 10 countries: Alternative protein market size, 2023 (US$M)
Global alternative protein market share, by product type, 2023 & 2030 (%, US$M)
Alternative protein market: Opportunity assessment by country
Global alternative protein market, by region, 2023 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
