Alternative Protein Ingredients Market Size to Hit $86.70 Bn by 2034

Alternative Protein Ingredients Market Size, Share and Trends Insights 2034

The global alternative protein ingredients market size is expected to grow from USD 26.24 billion in 2025 to USD 86.70 billion by 2034, at a CAGR of 14.20% over the forecast period from 2025 to 2034. Driven by evolving consumer preferences, technological advancements, and market innovation.

Last Updated: 11 June 2025 Category: Dietary and Nutraceutical Supplements Insight Code: 5639 Format: PDF / PPT / Excel

Alternative Protein Ingredients Market Size, Share and Growth

The global alternative protein ingredients market size was valued at USD 22.98 billion in 2024 and is expected to grow steadily from USD 26.24 billion in 2025 to reach nearly USD 86.70 billion by 2034, with a CAGR of 14.20% during the forecast period from 2025 to 2034. The rising global demand for innovative, tastier, nutritious, and healthy food products and protein solutions accelerates the expansion of alternative protein ingredients.

Alternative Protein Ingredients Market Size 2025 to 2034

Key Highlights

  • By region, North America dominated the market with the highest share of 41% in 2024, due to strategic partnerships and favorable funding opportunities. 
  • By region, Asia Pacific is expected to grow at the fastest CAGR during the forecast period due to government policies and increased protein consumption. 
  • By region, Europe is a notably growing area, driven by increasing investments and R&D initiatives. 
  • By product, the plant proteins segment registered the maximum market share of 70% in 2024, due to their importance as rich nutritional sources. 
  • By product, the microbe-based protein segment is predicted to grow at the remarkable CAGR of 24.2% during the forecast period, driven by resource efficiency and sustainable supply of nutritional food. 
  • By application, the animal feed segment contributed the largest market share of 13% in 2024, driven by the increased utilization of enzymes in animal feed and their health benefits. 
  • By application, the milk segment is expected to grow at the fastest CAGR during the forecast period, attributed to its incredible role in strengthening overall health and wellness.

Industry Coverage

Study Coverage Details
Growth Rate from 2025 to 2034 CAGR of 14.20%
Market Size in 2025 USD 26.24 Billion
Market Size in 2026 USD 29.97 Billion
Market Size by 2034 USD 86.70 Billion
Largest Market North America
Base Year 2024
Forecast Period 2025 to 2034
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market Overview

What is the Perspective on the Growth of Protein Alternatives?

The alternative protein ingredients market is remarkably driven by the successive commercialization of alternative proteins including insects, algae, cultured meat, microbial fermentation, etc. The protein sources maintain a protein balance by driving environmental sustainability and climate resilience. The present scenario and future of these proteins depend on market dynamics, technological advancements, and regulatory frameworks. The growing population and climate impacts on food production contribute to achieving a protein balance globally and in the EU by 2050.

  • In August 2024, iSDG of Japan, Orion Corporation of South Korea, and Swanson of America reported their interests in yeast proteins as alternatives to soy and pea protein. (Source: NutraIngredients)

Key Investment Areas in Alternative Proteins and associated Key players

Sr. No. Research Area Key Market Players
1 Precision fermentation Perfect Day (US)
Formo (Germany)
Imagindairy (Israel)
Change Foods (US/Australia)
New Culture (US)
2 Cultivated meat UPSIDE Foods (US)
Mosa Meat (Netherlands)
Aleph Farms (Israel)
BlueNalu (US)
Shiok Meats (Singapore)
3 Mycoprotein and fungi-based proteins Quorn (UK)
Mycorena (Sweden)
Prime Roots (US)
Infinite Roots (Germany)
4 Hybrid and blended products Mirai Foods (Switzerland)
Rügenwalder Mühle (Germany)
SMUG (UK)
Jan Zandbergen Group (Netherlands)
5 Plant-based proteins Morningstar Farms (US)
Maple Leaf Foods (US)
La Vie (France)
Ingredion (US)
This (UK)
Beyond Meat (US)
Impossible Foods (US)
Heura (Spain)
Kerry Group (Ireland)
6 Foodservice Impossible Foods (US)
Heura (Spain)
TiNDLE (Singapore)

(Source: proveg)

How are Smart Protein Solutions Advancing all Around the Globe? 

  • Affordable Plant-based Foods through Strategic Collaborations: The strategic collaborations allow companies to utilize their expertise for rapid product development and industrial growth. The collaborations of the leading companies like Cargill are considered as the largest producer of pea protein in North America. These include PURIS, Upside Foods, Aleph Farms, Wildtype, ENOUGH, and Cocuus. They strengthen the ecosystem of the protein industry, scale up technologies, and rapidly expand the manufacturing of plant-based proteins that are made affordable.
  • Personalized Nutrition: Plant-based foods are composed of essential ingredients that are designed to fulfill the personalized nutritional needs of consumers. People can experience plant-based diets with low saturated fats, high protein, and more nutrients. Prominent companies like Cargill are exploring more personalized and nutritious solutions by combining knowledge about ingredients, formulation, and technology. These products include plant protein ingredients, texturizers, fibers, plant-based oils, and fats. 

Market Opportunity

What are the Growth Patterns Estimating the Future of Modern Proteins?

There are several policies to scale up the development and production of alternative proteins in many regions, like the European Union. There is targeted research funding for advancements in technologies by address knowledge gaps. The establishment and maintenance of infrastructure and processing facilities is supported by industrial policy investments. There are great opportunities to consider the environmental impacts of food and feed production along with the regulatory approval processes. The enhanced coordination between stakeholders drives the regulatory policies. These measures will support a more sustainable and resilient protein supply.

Market Challenges

Which Potential Obstacles Lay Down the Expansive Reach of Alternative Protein Ingredients?

The alternative protein sources in the European Union face barriers in scaling up technologies. They also face challenges in achieving commercial viability. There is great competition between conventional protein sources and their alternative protein solutions in terms of commercialization of these products. There is a growing need for the expansion of processing and production capacity and reduction in the costs of products. It is essential to address limitations associated with infrastructure, explore regulations, and resolve barriers. 

Regional Insights

How North America dominated the alternative protein ingredients market in 2024? 

North America dominated the alternative protein ingredients market in 2024. There is an international network of organizations dedicated to advancements in alternative proteins. They believe in the potential of these proteins as essential solutions for global health, climate, and food security goals. The leading global companies like the Good Food Institute (GFI) are making efforts to bring these protein products to the market through public investments, government support, and eliminating barriers.

One of the companies named Aleph Farms, situated in New York and the northeast region, acquired pre-market approval for its cultivated beef, which was the company’s first product of its kind. The U.S. government announced funding of $51 million for alternative protein research at the Integrated Bioprocessing Research Laboratory (IBRL) Tech Hub. The major companies made efforts to spread the word about the nutrition and health benefits of plant-based meat by connecting with researchers, public health organizations, industrial experts, and the leading food companies.

The Bezos Earth Fund recognized the Good Food Institute (GFI) as the strategic partner to promote the establishment of alternative protein innovation centers by encouraging research institutions. Furthermore, the Earth Fund reported an investment of $90 million to open Bezos Centers of Sustainable Protein. This launch was situated at Imperial College London, North Carolina State University, and the National University of Singapore.

Alternative Protein Ingredients Market Share, By Region, 2024 (%)

What is the potential importance and impact of smart proteins in the Northern American countries?   

Brazil

The Good Food Institute Brazil led the Lamp Project, for which GFI Brazil collected deep insights about alternative proteins through 40 interviews with industry experts and leaders. The industries also shared potential challenges and GFI Brazil took initiatives to overcome these barriers. It has also tried to tackle challenges associated with the cost and texture of products to accelerate the market’s growth. 

The United States

Several organizations and research institutions recognized alternative proteins as transformants of the food system. The World Bank, located in Washington D.C. launched a report entitled Recipe for a Livable Planet that highlighted the potential of these smart proteins in climate resilience.

Asia Pacific is expected to grow at the fastest CAGR in the alternative protein ingredients market during the predicted timeframe.

The World Economic Forum launched a white paper entitled Creating a Vibrant Food Innovation Ecosystem that highlights the importance of government support in the R&D and success of these proteins. Japan is a top public funder of research and development for the Good Food Institute Japan. There is an increased feed production in Asia and a growing trend in meat production and consumption globally. According to one of the research statistics of the European Parliament, an estimated increase in conventional protein consumption accounts for 57% for meat and 48% for dairy in Asia. This increase is driven by continuous economic growth and rising incomes.

How does the incredible nature of smart proteins drive the Asian Pacific countries?

Singapore

The halal certification authority of Singapore and the Islamic Council of Singapore announced that the consumption of cultivated meat can be considered as halal based on the opinions of decision-makers from the Good Food Institute (GFI) Asia Pacific experts.

India

The Good Food Institute India introduced its new government policy named BioE3 policy, showcasing the importance of alternative proteins. This Indian government policy focuses on the biomanufacturing of alternative proteins to promote environmental sustainability and economic growth. It also focuses on expanding employment opportunities in the industrial sector of these smart proteins.

Europe is seen to grow at a notable rate in the alternative protein ingredients market in 2024.

These proteins are of research interest in Europe to improve food security and reduce the environmental impacts of food production. There are increasing investments in the form of both public and private funding across all sources of these proteins in the European Union. Major investments in the EU and at national levels support cellular agriculture research, including cultivated meat and fermentation and the commercialization of these products. Europe holds the promise to increase investments in this sector through the EU Algae initiative. Several policies of the European Union and legislation are expanding the protein supply in a more sustainable and resilient manner. 

  • In April 2025, the GFI Europe announced the investment of $509 million (€470 million) by the European companies leading in the development of plant-based foods, fermentation, and cultivated meat in 2024 which was a 23% increase from the previous year. (Source: gfi Europe)

How can the investments be supportive for R&D in protein alternative solutions in the United Kingdom? 

The United Kingdom

The Good Food Institute (GFI) in Europe announced the investment of £15 million ($19.8 million) into the UK Research and Innovation to launch a National Alternative Protein Innovation Center. About £23 million was secured by this center through private funding opportunities. These investments promote the connections between researchers across the country. They are also encouraging innovation, development, and commercialization of new products. Furthermore, Nature Biotechnology, in partnership with the GFI, launched an editorial paper, Slaughter-free meat hits the grocery shelf, to help readers explore the benefits of cultivated meat and promote government investments. 

Segmental Insights

Product Insights

What made plant proteins the dominant segment in the alternative protein ingredients market in 2024? 

The plant proteins segment dominated the alternative protein ingredients market in 2024. Plant-based proteins are considered as important sources of nutrition because of low calories, no cholesterol, and less unhealthy fat. They are rich sources of vitamins such as niacin, thiamine, and vitamins A, K, B5, B6, and B7, which aid in digestion and reduce the risk of developing cancer, type 2 diabetes, and heart disorders. The fibers present in plant proteins help in regulating blood sugar levels in the human body.

The microbe-based proteins segment is expected to grow at the fastest CAGR in the alternative protein ingredients market during the forecast period.

The microbe-based proteins are gaining popularity because they drive a sustainable supply of nutritional food. The protein-rich biomass of microorganisms present in microbial proteins offers climate resilience, high nutritional value, and resource efficiency. The increased consumer acceptance and behavioral preferences are important for the adoption of microbial proteins due to their environmental benefits.

Application Insights

Why did the animal feed segment dominate the alternative protein ingredients market in 2024?

The animal feed segment dominated the alternative protein ingredients market in 2024. The enzymes present in animal feed allow us to deliver more meat per animal at affordable costs. The utilization of enzymes in animal feed improves the long-term wellbeing of the herd and reduces their death rates. The incredible amounts of different types of enzymes and nutrition sources such as starch, fiber, protein, and phytase present in animal feed make it an essential solution for health.

The milk segment is expected to grow at the fastest CAGR in the alternative protein ingredients market during the predicted timeframe.

The milk and milk products offer several health benefits in keeping healthy muscles, bones, eyes, nerves, skin, teeth, and vision. The milk products help to maintain healthy blood pressure, support normal growth, and improve brain development. The milk supports normal immune functioning and reduces tiredness and fatigue.

Recent Developments in the Alternative Protein Ingredients Market

Tate & Lyle PLC

  • Introduction: In May 2024, Tate & Lyle PLC announced the inauguration of its new capacity for its non-GMO PROMITOR® soluble fibers, categorized into dietary fibers, which are situated in Boleráz, Slovakia. (Source: Tate & Lyle)

Kerry Group

  • Launch: In May 2025, Kerry Group, in collaboration with the Monell Chemical Senses Center, announced the launch of the Stephen Manheimer Scholarship Flavor Science to encourage the next generation of scientists in the flavor and food industry. (Source: Kerry)

Alternative Protein Ingredients Market Leading Companies

Alternative Protein Ingredients Market Companies

  • Impossible Foods
  • Cargill
  • ADM
  • Axiom Foods, Inc.
  • Ingredion
  • Kerry Group
  • Tate & Lyle PLC
  • Meati Foods
  • Roquette Frères
  • Shiok Meats
  • AGT Food and Ingredients
  • Amai Proteins
  • Beyond Meat
  • Glanbia, Plc
  • Growthwell Foods
  • International Flavors & Fragrances, Inc.
  • Lightlife Foods, Inc.
  • Next Gen Foods
  • TurtleTree

Segments Covered in the Report

By Product

  • Plant Proteins 
    • Cereals
      • Wheat
      • Wheat Protein Concentrates
      • Wheat Protein Isolates
      • Textured Wheat Protein
      • Hydrolyzed Wheat Protein
      • HMEC/HMMA Wheat Protein
    • Rice
      • Rice Protein Isolates
      • Rice Protein Concentrates
      • Hydrolyzed Rice Protein
      • Others
    • Oats
      • Oat Protein Concentrates
      • Oat Protein Isolates
      • Hydrolyzed Oat Protein
      • Others
    • Legumes
      • Soy
        • Soy Protein Concentrates
        • Soy Protein Isolates
        • Textured Soy Protein
        • Hydrolyzed Soy Protein
        • HMEC/HMMA Soy Protein
      • Pea
        • Pea Protein Concentrates
        • Pea Protein Isolates
        • Textured Pea Protein
        • Hydrolyzed Pea Protein
        • HMEC/HMMA Pea Protein
      • Lupine
      • Chickpea
      • Others
    • Roots
      • Potato
        • Potato Protein Concentrate
        • Potato Protein Isolate
      • Maca
      • Others
    • Ancient Grains
      • Hemp
      • Quinoa
      • Sorghum
      • Amaranth
      • Chia
      • Millet
      • Others
    • Nuts & Seeds
      • Canola
        • Canola Protein Isolates
        • Hydrolyzed Canola Protein
      • Almonds
      • Flaxseeds
      • Others
  • Microbe-based Protein 
    • Algae
    • Bacteria
    • Yeast
    • Fungi
    • Precision Fermentation Protein
      • Dairy Proteins (Casins or Whey)
      • Egg Proteins
      • Others
  • Insect Protein
    • Coleoptera
    • Lepidoptera
    • Hymenoptera
    • Orthoptera
    • Hemiptera
    • Diptera
    • Others

By Application 

  • Instant Nutritional Drinks
  • Ready to Drink Nutritional Drinks
  • Meat Analogues (Texture)
  • Meat and Sausages (Binder)
  • Ice Cream
  • Yogurts
  • Other Desserts
  • Bakery Products
  • High Protein Bars/ Cereals
  • Mayonnaise & Salad Dressings
  • Sauces and Gravies
  • Animal Feed 
    • Feed - Cattle, Pig, Chicken
    • Feed - Fish
    • Others
  • Milk 
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
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  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Vidyesh Swar, Senior Research Analyst at Towards Food & Beverages, specializes in market research, focusing on supply-demand evaluation, pricing analysis, alternative proteins, plant-based foods, and sustainable food technologies within the industry.

Learn more about Vidyesh Swar

Aditi Shivarkar, with 14+ years in Food and Beverages market research, specializes in food, beverage, and eco-friendly packaging. She ensures accurate, actionable insights, driving Towards FnB's excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar

Related Insights

FAQ's

The global alternative protein ingredients market size is valued at USD 26.24 billion in 2025, having grown from USD 22.98 billion in 2024.

The alternative protein ingredients market is projected to grow at a CAGR of 14.20% during the forecast period.

North America dominated the market in 2024, due to strong investment, supportive government policies, and innovation hubs.