Fermentation for Alternative Protein Market Size, Share, Growth, And Industry Analysis by Type (Precision fermentation, Biomass fermentation, Traditional fermentation) by Application (Online, Offline) Regional Forecast To 2031

Updated On: 08 April 2024

Fermentation for Alternative Protein Market Report Overview

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The global fermentation for alternative protein market size was USD 0.51815 billion in 2021.As per our research, the market is expected to reach USD 6300.00 billion in 2031, exhibiting a CAGR of 159.87 % during the forecast period.

 The global COVID-19 pandemic has been unprecedented and staggering, with fermentation for alternative protein market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Non-meat proteins derived from plants, fungus, and insects are examples of alternative proteins. Proteins derived from insects, plants, and microbes are commonly utilised to substitute animal-based proteins. Alternative proteins, such as meat analogues and different animal feed products, are employed in dairy-free and meat-free diets. Consumer interest in health, ethical issues, and low protein calorie consumption are just a few of the variables that are predicted to drive demand for alternative proteins. Plant-based meat products are meat substitutes made from plants such as soy, wheat, and pea. They have the same softness and juiciness as meat, as well as a greater nutritional profile.

Because the protein business is so huge, producers may enter the market fast by introducing new fermented protein supplements. Fermented proteins are utilised as food and beverage additions to boost the nutritional value of their products. Fermented proteins are in high demand globally due to the magnitude of the food and beverage sector. Consumers are becoming more aware of the necessity of clean protein in their daily diet for energy and weight management, which is expected to have a favourable influence on the fermentation for alternative protein market size. Product demand is projected to be fueled by an increase in clean protein consumption, as well as improved consumer knowledge and acceptance of sustainably derived proteins. The alternative protein has numerous health benefits, such as improving the body's nutritional composition and boosting the immune system, which should expand the alternative protein market for food applications, favouring fermentation for alternative protein market size expansion.

COVID-19 Impact: The COVID-19 pandemic strengthened the alternative protein sector tremendously

The pandemic raised public awareness of zoonotic viral illnesses, the danger of which can also be linked to cattle. Because of the amount of macronutrients, micronutrients, and antioxidants in alternative Protein, it can help minimise the symptoms of viral infections. In terms of manufacturing and distribution, this business has seen extraordinary demand from manufacturers and customers, particularly for certain items such as meat analogue and plant-based milk. The pandemic of COVID-19 also resulted in certain best practise examples for the alternative Protein sector. Governments announced relaxations of several competition law criteria imposed on alternative Protein, namely on plant-based protein products and insect protein. For example, the FDA has loosened its rules for marketing plant-based beef products. 

Latest Trends

"Increasing Venture Investments in Alternative Protein Firms To Boost the Market Size"

The rising trend of millennials embracing flexitarian and meat-free diets indicates a substantial shift in purchasing patterns from previous generations. Companies from the manufacturers to the merchants are already investing in these potential. Some corporations invest in other companies that develop alternatives to hedge against or prepare for a drop in demand for animal products. Several high-profile people, financial investors, and corporations have invested or funded market participants in recent years. Plant-based meat, egg, and dairy industries will get $1.9 billion in funding in 2021, up from $667 million in 2019. Major investments in this market segment have included: In addition, over 30 established enterprises have integrated fermentation platforms into their operations. DSM, for example, has produced a line of enzymes for plant-based goods. In addition, Novozymes created enzymes for meat analogues and oat drinks, while Dupont Danisco launched a variety of cultures for fermented plant-based meals and beverages. 

Fermentation for Alternative Protein Market Segmentation

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• By type

Depending on fermentation for alternative protein given are types: Precision fermentation, Biomass fermentation, Traditional fermentation. The Precision fermentation type will capture the maximum market share through 2031.

• By Application

The market is divided in Online and Offline based on application. The global fermentation for alternative protein market  players in cover segment like online will dominate the market share during 2021-2031.

Driving Factors

"The Fermented Plant Protein Market Is Being Driven By An Increase In The Vegetarian And Vegan Population"

Vegan organic fermented protein, such as whey protein, soy protein, and pea protein, is growing more popular as the vegan population expands. Fermented protein demand is predicted to rise in industrialised areas like as North America and Europe, where veganism is becoming more fashionable. Plant-based goods and healthy eating practises are growing more popular, and fermented plant protein is becoming more commonly available. Because fermented protein products have a longer shelf life, customers choose them as healthful on-the-go snacks. Fermented protein, on the other hand, is growing in popularity as worldwide demand for meat and dairy products increases. With about 141.7 million tons produced yearly, Asia Pacific produces the most meat in the world, followed by America (over 104 million metric tons) Fermented proteins are an excellent supplement to animal feed. Because vegan protein feed is highly digestible, it is frequently utilised as protein pet food. This gives fermentation for alternative protein market growth a strong global presence as well as a wider market range in the feed business.

"Increasing Public Knowledge Of The Negative Consequences Of Eating Meat And Animal-Based Products To Drive Market Growth"

Growing knowledge of the negative impacts of eating meat and meat-based goods has increased demand for meat substitutes. This is projected to enhance demand for alternative protein products and drive fermentation for alternative protein market growth in the market. Increased microbial protein research & development is predicted to promote market revenue growth. Microbial protein is a high-quality protein source that may be used in place of animal protein, such as fishmeal, in cattle nutrition and aquaculture. Microbial proteins derived from aerobic respiration by bacteria, fungus, yeast, and algae are a superior substitute for plant and animal protein.

Protein production and harvesting need the provision of nitrogen, carbon sources, and electron acceptors such as oxygen. Microbial protein synthesis can take place in highly regulated, self-contained, and automated bioreactors, such as those typically employed in food industry fermentation operations. Mycoprotein, for example, is derived from mushrooms and different vegan meat alternatives. Because of the advantages of spirulina, other forms of algae-based goods, such as spirulina, have grown more popular among customers in recent years. Rising demand for microbial protein is projected to drive up prices.

Restraining Factors

"Market Revenue Growth Is Projected To Be Hampered By A Lack Of Standard Regulation And Health Hazards Related To Mineral Insufficiencies"

Plant-based proteins containing phytates, such as soy protein and powder, reduce mineral absorption in the body. This might lead to health problems connected with mineral insufficiency. Furthermore, isoflavones included in soy act as goitrogens, interfering with thyroid function and so influencing hormone synthesis. Soy protein also includes phytoestrogen, an estrogen-like substance found naturally in plants that binds to oestrogen receptors in the body. Excessive soy protein consumption may disturb the body's normal hormone balances. Similarly, consuming a lot of pea protein may cause stomach pain in a lot of people. These obstacles are projected to impede fermentation for alternative protein market growth.

The lack of conventional regulation on edible insects, on the other hand, is projected to stymie market revenue development. In the United States, for example, federal law forbids the ingestion of insects for human food. Consumption of edible insects is under the jurisdiction of the IJ.S. Food and Drug Administration (FDA). Historically, the FDA has outlawed the use of insect components in food. It is classified as an adulterant under the Federal Food, Drug, and Cosmetic Act (FDCA). Furthermore, health concerns about plant-based protein are another restricting factor that is likely to have a negative influence on fermentation for alternative protein market growth.

Fermentation for Alternative Protein Market Regional Insights

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"North America to Dominate the Market Due to the Increasing Number of Vegans in the Region"

The alternative Protein market is projected to be dominated by North America. North America's dominant position in the fermentation for alternative protein market share and  can be attributed to the increasing emphasis on producing protein using sustainable methods as a result of rising environmental concerns and ethical aspects associated with animal protein, an increasing vegan population, an increasing number of investments in alternative protein products, an increasing demand for healthy and nutritional products, and technological advancements in the food industry. Vegans and vegetarians, who account for a sizable market share in the United States and Canada, are the principal consumers of fermented proteins. Demand for goods with a long shelf life, which reduces packaging and product waste, works as a stimulus in the fermented plant protein industry. Furthermore, producers in these areas employ modern fermentation technology, which assists in the creation of fermented plant protein. 

During the projection period, Europe fermentation for alternative protein market share is predicted to have the greatest CAGR. The rapid expansion of this regional market is primarily due to increased awareness of the benefits of protein-rich diets, technical improvements in the food and beverage sector, a fast-growing economy, and a broad supply of raw materials. The European market is expected to be a big potential for fermented plant protein, which is unexpected given the region's growing vegan population. Furthermore, with the advancement of superior fermentation technology in the region, plant-based protein producers are now offering healthier and tastier goods.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Impossible Foods (U.S)
• Mycorena (Sweden)
• MycoTechnology (U.S)
• Moocho foods (U.S)
• Prime Roots (U.S)
• Motif FoodWorks (U.S)
• Nature's Fynd (U.S)
• Good Catch (U.S)
• Meati Foods (U.S)
• Planterra Foods (U.S)
• Perfect Day (U.S)
• Geltor (U.S)
• Atlast Food Co., (U.S)
• The Protein Brewery (Netherlands)
• Better Nature (U.K)
• Quorn (U.K)
• The EVERY Company (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.