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According to our LPI (LP Information) latest study, the global Neutral Alternative Protein market size was valued at US$ 5734 million in 2023. With growing demand in downstream market, the Neutral Alternative Protein is forecast to a readjusted size of US$ 9177.7 million by 2030 with a CAGR of 7.0% during review period.
The research report highlights the growth potential of the global Neutral Alternative Protein market. Neutral Alternative Protein are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Neutral Alternative Protein. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Neutral Alternative Protein market.
Alternative proteins, such as plant-based meat substitutes and edible insects, provide a substantial amount of protein but require less natural inputs to produce then the most common protein sources, meat and fish. Composed of different sequences of amino acids, proteins are found in almost all whole foods. Protein is responsible for building lean body tissue and providing the elements needed for digestive enzymes. Certain plant-based proteins offer functionality but pose flavor challenges. Pea protein is becoming more popular in part because of its neutral flavor.
Global Neutral Alternative Protein key players include Kerry, Cargill, Archer Daniels Midland, Glanbia, CHS etc. Global top five manufacturers hold a share over 30%.
North America is the largest market, with a share over 35%, followed by Europe and Asia-Pacific, both have a share over 40% percent.
In terms of product, Plant Protein is the largest segment, with a share over 50%. And in terms of application, the largest application is Food & Beverage followed by Healthcare Product.
Key Features:
The report on Neutral Alternative Protein market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Neutral Alternative Protein market. It may include historical data, market Segmentation by Type (e.g., Plant Protein, Insect Protein), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Neutral Alternative Protein market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Neutral Alternative Protein market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Neutral Alternative Protein industry. This include advancements in Neutral Alternative Protein technology, Neutral Alternative Protein new entrants, Neutral Alternative Protein new investment, and other innovations that are shaping the future of Neutral Alternative Protein.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Neutral Alternative Protein market. It includes factors influencing customer ' purchasing decisions, preferences for Neutral Alternative Protein product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Neutral Alternative Protein market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Neutral Alternative Protein market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Neutral Alternative Protein market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Neutral Alternative Protein industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Neutral Alternative Protein market.
Market Segmentation:
Neutral Alternative Protein market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Plant Protein
- Insect Protein
- Algae Protein
- Others
Segmentation by application
- Food & Beverage
- Healthcare product
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Kerry
- Cargill
- Archer Daniels Midland
- Glanbia
- CHS
- Tereos Syral
- CP Kelco
- Davisco
- Meelunie
- DuPont
- MGP Ingredient
- Taj Agro Product
- Glico Nutrition
Key Questions Addressed in this Report
What is the 10-year outlook for the global Neutral Alternative Protein market?
What factors are driving Neutral Alternative Protein market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Neutral Alternative Protein market opportunities vary by end market size?
How does Neutral Alternative Protein break out type, application?