Based on their nutritional content and commercial value, soybean, pea and oat have emerged as the dominant plant sources. Still, technology is key to improving protein flavor and creating new food and beverage products, or enabling them to be added to existing products.Alternative proteins will play a crucial role in meeting global protein demands and represents a lucrative opportunity for a variety of players to address unmet needs in this space.
Soy will dominate the alternative protein space for the next ten years. This protein source which is so plentiful in Minnesota has seen a compound annual growth rate of 5.1 percent and has captured more than 80 percent of the alternative protein market by 2024.

Market Analysis and Insights: Global Alternative Protein Market
The global Alternative Protein market is valued at US$ 3576 million in 2019. The market size will reach US$ 5202.6 million by the end of 2026, growing at a CAGR of 5.4% during 2021-2026.

Global Alternative Protein Scope and Market Size
Alternative Protein market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Alternative Protein market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Soybeans
Pea
Oat
Others

Segment by Application
Hypermarkets/Supermarkets
Convenience Stores
Online Retail
Others

By Company
Maple Leaf
Nestle
Campbell Soup
Archer Daniels Midland
Cargill
CHS
DowDuPont
Kerry
Nisshin Oillio
Roquette Freres
Ruchi Soya Industries
Wilmar

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia