Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 53.1 Billion | USD 160.3 Billion | 17.6% | 2020 |
FrequentlyAsked Questions
Growing customer interest in good health and ethical considerations such as animal welfare has created huge demand for alternative proteins, thereby driving alternative protein market trends.
According to Zion market research report, The global Alternative Protein Market accrued earnings worth approximately 53.1 (USD Billion) in 2021 and is predicted to gain revenue of about 160.3 (USD Billion) by 2028, is set to record a CAGR of nearly 17.6% over the period from 2022 to 2028.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to massive intake of plant-based diet in Asian countries such as India and Japan.
The key market participants include Kerry Group plc, Corbion Biotech, Inc., Roquette Freres, Ingredion Incorporated, Protix, Entocycle, MGP Ingredients, Inc., Glanbia plc, DuPont, and ADM Company.
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