Revolutionizing Diets: Exploring the Growing Landscape of Alternative Proteins in the European Market

The Europe alternative proteins market refers to the dynamic and rapidly growing sector within the European food industry that focuses on non-traditional protein sources. This market encompasses plant-based proteins, such as soy, pea, and mycoprotein, and alternative protein sources, such as cultured meat and insect-based products. European countries invest in research and development, leading to innovative products and sustainable production methods. The market encompasses various sectors, from food and beverages to supplements, showcasing a diverse range of protein-rich products catering to the evolving preferences of European consumers.

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Data Bridge Market Research analyses that the Europe Alternative Proteins Market is expected to grow at a CAGR of 17.01% in the forecast period of 2023 to 2030 and is expected to reach USD 16,603,518.44 thousand by 2030 from USD 5,511,400.77 thousand in 2022.  Health and wellness trends have spurred a desire for more nutritious diets, leading to a significant increase in the consumption of plant-based and alternative protein sources. These options are perceived as healthier and align with dietary preferences focused on overall well-being.

Key Findings of the Study

Rising obesity rates are expected to drive the market's growth rate

The surge in obesity rates worldwide has spurred a significant shift toward healthier dietary choices. One key trend is the growing adoption of leaner, plant-based protein options. These alternatives offer essential nutrients without the high saturated fats in animal products, aligning with health-conscious consumers' goals. As a result, plant-based proteins have become pivotal in combating obesity, providing individuals with a more balanced and sustainable approach to nutrition, ultimately contributing to better overall health outcomes.

Report Scope and Market Segmentation

Segment Analysis:

The Europe alternative proteins market is segmented into category, product type, form and application. 

• On the basis of category, the Europe alternative proteins market is segmented into organic and inorganic
• On the basis of product type, the Europe alternative proteins market is segmented into plant protein, insect protein, mycoprotein, cultured meat, and others
• On the basis of form, the Europe alternative proteins market is segmented into dry and liquid
• On the basis of application, the Europe alternative proteins market is segmented into food and beverages, animal feed, pharmaceuticals, personal care and cosmetics and others

Major Players

Data Bridge Market Research recognizes the following companies as the major Europe alternative proteins market players in Europe alternative proteins market are AgriProtein (U.K.), Ÿnsect (France), Protix B.V. (Netherlands), Protifarm (Netherlands), Cargill, Incorporated (U.S.), Axiom Foods, Inc. (U.S.), BENEO (Germany), Roquette Frères (France), ADM (U.S.), DuPont (U.S.), CHS Inc. (U.S.), Ingredion (U.S.), Kerry Group plc (Ireland), and Glanbia PLC (Ireland).

Market Developments

• In March 2022, Australia allocated USD 262.6 million (AUD 378.0 million) to develop South Australia into a plant-based protein manufacturing hub. This investment, part of the AUD 1.3 billion Modern Manufacturing Initiative, funds three new production plants, catering to both domestic and international markets
• In April 2021, Archer-Daniels-Midland Company (ADM) inaugurated a state-of-the-art plant-based innovation lab within Singapore's Biopolis Research Hub. This facility is dedicated to creating innovative, nutritionally rich products, aligning with the rising demand for food and beverages in the Asia-Pacific region
• In September 2020, DuPont Nutrition & Biosciences introduced a range of probiotic formulations and dairy cultures in China, expanding its product portfolio. These innovations provided unique solutions for yogurt producers, enabling differentiation and growth in future market positioning
• In February 2020, Archer-Daniels-Midland Company (ADM) expanded its non-GMO soy protein concentrate production in Europoort, Netherlands, to cater to the rising European demand for top-tier plant-based protein products, reflecting the company's commitment to the growing alternative protein market

Regional Analysis

Geographically, the countries covered in the Europe alternative proteins market report are

Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Poland, Belgium, Sweden, Denmark, Italy and Rest of Europe.

As per Data Bridge Market Research analysis:

U.K is the dominant region in Europe alternative proteins market during the forecast period 2023-2030

The U.K. leads the European alternative proteins market due to its substantial consumer base, a robust presence of key industry players, and an increasing volume of research initiatives. This dominance is reflected in a significant market share, positioning the U.K. at the forefront of the alternative proteins industry in Europe.

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