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Alternative Protein Market Analysis, Key Players and Trends to 2028

Increasing consumer awareness about personal health and fitness along with the increasing demand for dietary supplements should escalate microbial-based alternative protein demand.

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Alternative Protein Market Analysis, Key Players and Trends to 2028

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  1. Alternative Protein Market Size to Cross USD 193.75 Bn by 2032 Global Market Insights Inc.

  2. Overview of Alternative Protein Market • The alternative protein market is set to witness substantial growth by 2028 as a result of growing health consciousness among consumers. In addition, increasing demand for vegan products, along with soaring preference for healthy food supplements across the globe, is likely to further stimulate market growth over the forecast period. • During the COVID-19 pandemic, mounting need to fortify their immune systems against the infection improved consumer interest in protein supplements. Moreover, prevalent diet trends like veganism, coupled with rising disposable income, propelled product uptake, thereby boosting industry expansion. • The alternative protein market have been focusing on product development, and strategic collaborations to maintain a strong position in the sector, which has been favorable for business outlook. For instance, in June 2023, Archer Daniels Midland Company, a food processing expert, partnered with pharmaceutical behemoth Bayer in India to implement its sustainable crop protection model for soybean farmers. Global Market Insights Inc.

  3. Continue… • The alternative protein market has been bifurcated in terms of application, source, and region. In the source frame of reference, the alternative protein industry has been split into insect-based, microbial-based, and plant-based. • The plant-based source segment has been further classified into duckweed protein, soy protein isolates, fermented soy protein, soy protein concentrates, and others. The soy protein isolates segment is expected to grow at a CAGR surpassing 17.5% while the fermented soy protein segment is poised to progress at around 16.5% CAGR through the review timeline. • The duckweed protein source segment is anticipated to exhibit substantial growth at more than 22.5% CAGR by 2028. Meanwhile, the alternative protein market share from the others plant-based source segment, which includes pea, beans, and lentils, is slated to proliferate at a CAGR of over 18% through the assessment period. Global Market Insights Inc.

  4. Continue… • The microbial-based segment has been further segmented into fungi, bacteria, algae, yeast, and others. The yeast-sourced and fungi-sourced segments are speculated to expand at above 20.5% CAGR over the forecast timespan. Additionally, the algae segment is inclined to record robust expansion at a CAGR exceeding 21.5% through the study timeline. • The dairy alternatives segment and the beverages segment are slated to expand at a CAGR of more than 19% over the forecast period. Furthermore, the others food segment, which consists of keto foods and burgers, is contemplated to grow at a CAGR of above 19.5% through the review time period. • Notable participants in the Alternative Protein market includeHamlet Protein, Archer Daniel Midland Company, Puris, Axiom Foods, Darling Ingredients, Innovafeed, Lallemand Inc, AB Mauri, Soja Protein, Ingredion, Cargill Incorporation, Royal DSM NV, AMCO Proteins, Ynsect, Angel Yeast, and Calysta Inc.  Global Market Insights Inc.

  5. Browse Full Research Report On Alternative Protein Market@ https://bit.ly/3PguOgg Request for a sample of this research report @ https://bit.ly/3NDdcd6 Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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