Research And Markets has released a report highlighting the growth opportunities in the alternative protein ingredients market for human nutrition. The report covers the market dynamics of plant protein, microbial protein, and insect protein ingredients for human nutrition applications.
According to the report, North America is expected to hold the largest share of alternative protein ingredients in both volume and value in 2022. The United States market is particularly robust and is driving the demand for these alternative nutritional supplements. However, the highest growth is projected in the Asia-Pacific, Latin America, the Middle East, and Africa regions. This is attributed to the increasing population of vegans and flexitarians.
One of the key driving factors for the market is the growing number of vegan, vegetarian, and flexitarian individuals who are seeking plant-based protein alternatives to maintain a nutritious diet. Additionally, the demand for clean-label products and alternative ingredients driven by health and sustainability concerns is also contributing to the market growth.
In terms of plant protein ingredients, soy, wheat, and peas currently hold the largest share in the alternative protein ingredients market. The demand for meat and seafood alternatives, as well as dairy alternatives, is driving the growth of these ingredients. However, more unique choices for protein alternatives, such as chickpeas, mung beans, and fava beans, are predicted to gain popularity in the coming years. Filamentous fungi, such as mycoprotein and yeast-derived protein ingredients, are also expected to see increased usage due to their functional properties.
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The growth opportunities in the alternative protein ingredients market for human nutrition are driven by the increasing demand for plant-based protein alternatives, health and sustainability concerns, and the rise of vegan and flexitarian lifestyles. With North America leading the market, regions like Asia-Pacific, Latin America, the Middle East, and Africa are expected to experience significant growth in the coming years. As the market continues to evolve, unique protein alternatives and functional ingredients are predicted to gain popularity.