US Alternative Protein Market Size, Share, Trends, Growth and Forecast 2024-2032

IMARC Group has published a market research report titled “US Alternative Protein Market Report by Source (Insect-based, Microbial-based, Plant-based, and Others), Application (Food and Beverage, Dietary Supplements, Animal Feed and Pet Food, Personal Care and Cosmetics), and Region 2024-2032“. The US alternative protein market size is projected to exhibit a growth rate (CAGR) of 16.2% during 2024-2032.

The growing consciousness of consumers is enabling them to adopt healthier and more sustainable diets, which is one of the factors responsible for the growth of the US alternative protein market. Additionally, with the elevating consumer awareness of the environmental impact of traditional animal farming, the population is inclining towards the adoption of plant-based, insect-based, lab-grown, etc., protein alternatives, which is fueling the market. Besides this, the growing popularity of veganism and vegetarianism has played a significant role in propelling the demand for alternative proteins. Moreover, food technology innovations have enabled companies to create highly realistic meat substitutes that appeal not only to vegetarians and vegans but also to flexitarians.

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US Alternative Protein Market Trends and Drivers:

The development of novel protein sources such as mycoprotein and algae, which offer high protein content and minimal environmental impact, is further augmenting the US alternative protein market. In addition to this, technological advancements in food processing have improved the texture and flavor of these products, making them more palatable to a broader audience, thereby escalating the market. Furthermore, investment in cellular agriculture is on the rise, with startups and established food companies alike exploring cultured meat, which is produced by cultivating animal cells directly, which is acting as another growth-inducing factor. Apart from this, the growing availability of these products in mainstream grocery stores and restaurants continues to normalize and increase consumer access to alternative proteins, ensuring the growth trajectory remains strong, which is anticipated to drive the US alternative protein market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Source Insights:

  • Insect-based
  • Microbial-based
  • Plant-based
  • Others

Application Insights:

  • Food and Beverage
  • Dietary Supplements
  • Animal Feed and Pet Food
  • Personal Care and Cosmetics

Regional Insights:

  • Northeast
  • Midwest
  • South
  • West

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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US Alternative Protein Market Size, Share, Trends, Growth and Forecast 2024-2032ultima modifica: 2024-04-25T06:53:48+02:00da imarcabhay

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