The alternative proteins market is experiencing rapid growth driven by advancements in technology and innovative production methods. Precision fermentation, cell-based meat cultivation, and plant-based protein extraction are at the forefront. Companies are leveraging CRISPR and AI to enhance protein quality and efficiency. Consumer demand for sustainable and ethical food options fuels this expansion, supported by significant investments and regulatory approvals. The latest techniques not only improve taste and texture but also reduce environmental impact, positioning alternative proteins as a vital component in the future of food security and sustainability.
Data Bridge Market Research analyses that the Global Alternative Proteins Market size was valued at USD 349.42 million in 2021 and is expected to reach the value of USD 1068.88 million by 2029, at a CAGR of 15.00% in the forecast period of 2022 to 2029.
To know more about the study, visit: https://www.databridgemarketresearch.com/ko/reports/global-alternative-proteins-market
Below are the Top Five Alternative Proteins Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Cargill, Incorporated
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Cargill, Incorporated is a global food and agricultural leader with a significant presence in the alternative proteins market. The company is heavily investing in plant-based proteins, partnering with industry leaders to develop innovative products. Cargill focuses on pea protein and other plant-based ingredients, aiming to meet the rising consumer demand for sustainable and nutritious alternatives to animal protein. They also explore cell-cultured meat technologies and fermentation-based proteins, emphasizing sustainability and health. By leveraging its extensive supply chain and R&D capabilities, Cargill is well-positioned to drive growth in the alternative proteins sector.
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Europe, Middle East and Africa, North America, Latin America, and Asia-Pacific
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In October 2019, Cargill, Incorporated expanded its integrated refined oils and soybean crush facility in Sidney, Ohio. This expansion has helped the company to serve farmers in that geographic area and to meet the growing demand for refined oils and proteins.
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2.
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DuPont
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DuPont, a science and technology company, is a key player in the alternative proteins market through its DuPont Nutrition & Biosciences division. The company offers a broad range of plant-based protein solutions, including soy, pea, and other legume proteins. DuPont leverages its expertise in biotechnology and food science to develop innovative protein ingredients that enhance the taste, texture, and nutritional profile of meat and dairy alternatives. Their focus on sustainable production and clean label solutions helps food manufacturers meet growing consumer demands for healthier and environmentally-friendly protein options.
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ASPAC, NAFTA, EMEA, SAM
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In September 2020, DuPont Nutrition & Biosciences (DuPont) launched the multiple probiotic formulations and dairy cultures for China, which offered new solutions for yogurt producers in differentiation and growth of future positioning. This has helped the company to widen its product portfolio range.
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3.
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BENEO
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BENEO, a subsidiary of Südzucker Group, specializes in functional ingredients, including those for the alternative proteins market. The company provides a variety of plant-based proteins derived from sources such as wheat and rice, focusing on improving the nutritional content and functional properties of food products. BENEO's ingredients are used in meat substitutes, dairy alternatives, and other plant-based products, catering to the health-conscious and environmentally-aware consumers. Their emphasis on sustainability, backed by rigorous scientific research, positions BENEO as a significant contributor to the growth of the alternative protein industry.
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Europe, North America, South America, and Asia-Pacific
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In June 2020, BENEO expanded its portfolio with New Organic Ingredients such as rice starch, Remyline O AX DR and others. The increasing consumer demand has led to the expansion leading to the enhanced product portfolio of the company into the market.
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4.
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ADM
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ADM is a global leader in human and animal nutrition, playing a pivotal role in the alternative proteins market. The company offers an extensive portfolio of plant-based proteins, including soy, pea, and wheat proteins, along with innovative protein blends. ADM's deep expertise in agricultural processing and food innovation enables them to develop high-quality, sustainable protein solutions that meet diverse consumer preferences. Their investments in research and development, coupled with strategic partnerships, underscore ADM's commitment to advancing the alternative protein sector and addressing the global demand for sustainable protein sources.
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Europe, Middle East and Africa, North America, South America, and Asia-Pacific
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In February 2020, ADM expanded the production of non-GMO soy protein concentrate at its facility in Europoort, Netherlands. This has helped the company to meet the increasing demand in the European market for high-quality plant-based proteins. This expansion helped the company to serve more customers in the European region and thus helped to build the brand image of the company.
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5.
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CHS Inc.
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CHS Inc. is a leading agribusiness cooperative, actively engaged in the alternative proteins market through its vast network and agricultural expertise. The company focuses on producing and supplying high-quality plant-based protein ingredients, particularly from soybeans and other legumes. CHS leverages its cooperative structure to support farmers and promote sustainable agricultural practices. Their involvement in the alternative proteins market aligns with their mission to provide nutritious and environmentally friendly food solutions. By fostering innovation and sustainability, CHS Inc. contributes to the expanding landscape of plant-based and alternative protein products.
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Europe, Middle East and Africa, North America, South America, and Asia-Pacific
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In September 2019, CHS Inc. expanded its soybean processing plant in Fairmont, Minnesota. This expansion has helped the company to increase its market presence for soybean growers present regionally and return value to the owners by increasing production of soy-based feed and food ingredients which have high-demand in the market.
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Conclusion
The alternative proteins market is poised for significant growth, driven by rising consumer awareness of health, sustainability, and ethical concerns. Innovations in plant-based, insect, and lab-grown proteins offer promising opportunities. Key drivers include environmental benefits, growing vegan and vegetarian populations, and advancements in food technology. Investment and partnerships within the sector are accelerating, highlighting its potential to transform the global food landscape. As consumers increasingly seek nutritious and sustainable protein sources, the alternative proteins market stands at the forefront of a major dietary shift.
