North America Alternative Protein Market Size & Outlook
The alternative protein market in North America is expected to reach a projected revenue of US$ 9,491.9 million by 2030. A compound annual growth rate of 7.8% is expected of North America alternative protein market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,627.9
Forecast, 2030 (US$M)
$9,491.9
CAGR, 2024 - 2030
7.8%
Report Coverage
North America
Related Markets
North America alternative protein market highlights
- The North America alternative protein market generated a revenue of USD 5,627.9 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, plant protein was the largest revenue generating product type in 2023.
- Insect Protein is the most lucrative product type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 5,627.9 million |
| Market revenue in 2030 | USD 9,491.9 million |
| Growth rate | 7.8% (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 |
| Key market players worldwide | ADM, Cargill, Lightlife Foods, Impossible Foods, International Flavors & Fragrances Inc, Ingredion Inc, Kerry Group PLC Class A, Glanbia PLC, Bunge Global SA, Axiom Foods, Tate & Lyle PLC, SunOpta Inc, AGT Food and Ingredients, Emsland Group |
Other key industry trends
- In terms of revenue, North America region accounted for 36.8% of the global alternative protein market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,010.1 million by 2030.
Plant protein was the largest segment with a revenue share of 91.05% in 2023. Horizon Databook has segmented the North America alternative protein market based on plant protein, microbe based protein, insect protein covering the revenue growth of each sub-segment from 2018 to 2030.
Flexitarian consumers, who include both plant-based foods and animal protein in their diets, are significant drivers of the alternative protein sector. This segment accounts for a substantial portion of U.S. adults, and more U.S. households are turning to plant-based meat offerings. However, the untapped demand for further improvements in taste and texture indicates potential for innovation in this space.
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Alternative Protein Market Scope
Alternative protein market segmentation & scope
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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 |
North America alternative protein market size, by country, 2018-2030 (US$M)
North America Alternative Protein Market Outlook Share, 2023 & 2030 (US$M)
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