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United States Alternative Proteins Market Outlook
According to the report by Expert Market Research (EMR), the United States alternative proteins market Data is projected to grow at a CAGR of 17.4% between 2023 and 2028. Aided by the increasing demand for protein-rich, plant-based food products, and the broadening applications of alternative proteins in various sectors, the market is expected to grow significantly by 2028.
Alternative proteins are derived from a variety of sources including plants, insects, algae, and cultured meat. They are increasingly finding favour in a variety of food products, including meat substitutes, dairy alternatives, protein bars, and beverages. Their appeal is largely rooted in their potential to provide a high-quality source of protein that is more sustainable, ethical, and in some cases, healthier than traditional animal-derived proteins.
The escalating consumer preference for protein-rich, plant-based food products is driving the United States alternative proteins market growth. As awareness of the health and environmental benefits associated with plant-based diets continues to grow, there has been a significant shift towards these diets, resulting in a surge in demand for alternative protein-based products. In addition, the rising trend of flexitarian, vegetarian, and vegan diets have further contributed to the growing popularity of alternative proteins.
The expanding applications of alternative proteins in various sectors also play a significant role in propelling the United States alternative proteins market expansion. In the food industry, alternative proteins are not just used as meat and dairy substitutes but are also incorporated in a wide range of products from baked goods to ice creams. The pet food industry, too, has begun integrating alternative proteins into their products, responding to a growing demand for more sustainable and ethical options.
Furthermore, the increasing interest in cultured meat, which involves producing meat from animal cells in a lab, represents another significant area of potential for the United States alternative proteins market development. While still a developing industry, the potential for creating a product that replicates meat in taste and texture but without the associated ethical and environmental concerns of conventional meat production has garnered much interest and investment.
In addition, the growing focus on sustainability in the food and beverage industry has resulted in increased attention to alternative proteins, thus aiding the United States alternative proteins market growth. With the environmental impact of animal agriculture becoming increasingly apparent, alternative proteins offer a way to reduce the carbon footprint of our diets and contribute to a more sustainable food system.
United States Alternative Proteins Market Segmentation
The market can be divided based on source, ingredient, end use, and distribution channel.
Market Breakup by Source
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- Plant Based
- Fermentation
- Cellular Agriculture
- Others
Market Breakup by Ingredient
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- Bulk Ingredients
- Speciality Ingredients
Market Breakup by End Use
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- Food and Beverage
- Aquaculture
- Animal Feed
- Others
Market Breakup by Distribution Channel
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- B2B
- B2C
United States Alternative Proteins Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States alternative proteins companies. Some of the major key players explored in the report by Expert Market Research are as follows:
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- Greenleaf Foods SPC
- Archer Daniels Midland Company
- Darling Ingredients
- Cargill Incorporated
- Kerry Group
- Calysta
- Others
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