Top Companies in Alternative Protein Market: Do You Really Need It? This Will Help You Decide!

Market Overview:

The global alternative Protein market is valued at 49.70 USD Million in 2021 and is projected to reach a value of 126.84 USD Million by 2028 at a CAGR of 16.90% over the forecast period. Alternative proteins reduce the burden on the environment by reducing water use, land use, feed use, and greenhouse gas (GHG) emissions. The environmental impact of food production is increasingly brought to the forefront of sustainability debates, particularly surrounding the reduction of carbon dioxide (CO2) emission and other factors, such as water & land use.

Alternative proteins play an important role in the global ecosystem. For instance, insects have an enormous impact on plant reproduction through pollination, and they help improve soil fertility through waste bioconversion. Also, the high feed conversion efficiency of insects make insect rearing a viable and environmentally friendly alternative to traditional livestock agriculture (on average, insects can convert 2 kg of feed into 1 kg of insect mass, whereas cattle require 8-10 kg of feed to produce 1 kg of body weight gain). In addition, lab-grown meat produces substantially less ammonia and greenhouse gases compared to cattle and pigs. Moreover, land and water usage of alternative animal-based protein is extremely low compared to that of cattle.

Following are the top 10 leading companies in the Alternative Proteins Market:

1. Archer Daniels Midland Company

Archer Daniels Midland Company owns and operates a grain elevator and transportation networks to procure, stores, clean, and transport agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, and barley. The Company’s operations are organized into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials. The Carbohydrate Solutions segment converts corn and wheat into products and ingredients used in the food and beverage industry, including sweeteners, corn and wheat starches, syrup, wheat flour, and dextrose. The Nutrition segment engages in the manufacturing, sale, and distribution of various ingredients and solutions, including plant-based proteins, flavor systems, natural colors, emulsifiers, soluble fiber, enzymes, and other specialty food and feed ingredients.

2. Cargill, Incorporated

Cargill, Inc. was established in 1865. Headquartered in Minnesota, the company is a privately held American global food corporation. The company has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations. Some of Cargill's major businesses are trading, purchasing, and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel, and transport; raising of livestock and production of feed; and producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in processed foods and industrial use. The company has a large financial services arm, which manages financial risks in the commodity markets for the company.

3. GlanbiaPlc

Glanbia plc is an Irish global nutrition group with operations in 32 countries. It has leading market positions in sports nutrition, cheese, dairy ingredients, specialty non-dairy ingredients, and vitamin and mineral premixes. Glanbia products are sold or distributed in over 130 countries.

4. AgriProtein

AgriProtein is leading a new industry called nutrient upcycling. The company's mission is to close the loop in food production. They use their technology to leverage the natural capabilities of the black soldier fly; feeding its larvae existing organic waste to create a sustainable, natural protein for pets, livestock, and fish. The company's industrial-scale bioconversion process takes organic waste streams from food factories, supermarkets, farms, and restaurants, and recycles these into valuable products including an insect-based complete protein (MagMeal™), a versatile, natural oil (MagOil™), and a rich residual soil conditioner (MagSoil™).AgriProtein has been developing its technology since 2008.

5. Enterra Feed Corporation

Enterra Feed Corporation is an energetic, experienced team that loves what they do and lives every day abiding by their core values of quality, integrity, and innovation. Together, their group of dynamic, hard-working individuals is committed to improving global social and environmental conditions wherever they can. The team of the company is comprised of members representing a variety of technical fields and disciplines, including research, entomology, environmental engineering, aquaculture, mechanical engineering, commerce, business administration, marketing, production, and management.

6. RoquetteFreres

Roquette is a global leader in plant-based ingredients, a pioneer of plant proteins, and a leading provider of pharmaceutical excipients. In collaboration with its customers and partners, the group addresses current and future societal challenges by unlocking the potential of nature to offer the best ingredients for food, nutrition, and health markets. These ingredients respond to unique and essential needs, enable healthier lifestyles, and are critical components of life-saving medicines. They are pleased to share with their 2020 Activity and Sustainable Development Report, which highlights key initiatives of the year in terms of Sustainability. They are also delighted to present people with their brand-new digital platform. All along the year, the company will be able to discover actions and initiatives led by Roquette and its employees to meet their Sustainable Development commitments.

7. Ingredion Incorporated

Ingredion is a global ingredient solutions company making sweeteners, starches, and unique ingredients from plant sources such as corn, tapioca, rice, sago, and potato. They provide solutions and innovation for almost 60 industry sectors across more than 40 countries. Every day, they bring their skill, creativity, and passion together to deliver ingredient solutions that enhance people’s lives. They are innovators who combine the power of technology with the best of nature to delight customers and consumers. The company holds the highest standards in ethics, safety, quality, and sustainability. Unlocking the potential of people, nature, and technology to make life better is what drives companies in every aspect of their business.

8. Kerry Group

Kerry Group is a leading player in the global food and beverage industry. The company is dedicated to making the world of food and beverage better for everyone and dedicated to their Purpose, Inspiring Food, and Nourishing Life. At Kerry, they are proud to provide their customers some of the world’s best-known food, beverage, and pharma brands with the expertise, insights, and know-how they need to deliver products that people enjoy and feel better about consuming. Kerry is a company rich in heritage and resources. Over the past five decades, the company's focus on changing lifestyles, the globalization of food tastes, and ever-evolving consumer needs have brought us to a market-leading global position. Today, the company is firmly established as a world leader in the food, beverage, and pharma industries, with 22,000+ staff and 150+ innovation and manufacturing centers across 30+ countries.

9. E.I. Dupont De Nemours and Company

E.I. Dupont De Nemours and Company was established in 2017. Headquartered in the U.S., the company creates essential innovations by enabling connectivity & mobility, a healthy & active lifestyle, and urbanization & safety. The company provides their business facilities into various sectors such as Electronics & Industrial, Mobility & Materials and Water & Protection. The company delivers a broad range of technology-based products and solutions to the automotive, electronics, industrial, consumer, medical, photovoltaic, and telecom markets. The company aims to create water, shelter, and safety solutions for a more sustainable world.

10. Tate & Lyle Plc

Tate & Lyle Plc is a global provider of ingredients and solutions for the food, beverage, and industrial markets, operating for over 160 years. The company draws its inspiration from three key ingredients: the purpose of Improving Lives for Generations; technical expertise and deep understanding of the food and beverage market; and portfolio of high-quality products and ingredients. Blend them all together, and they have got the right recipe to help manufacturers deliver on sweetness, texture, fiber enrichment, and stabilization to create products enjoyed by millions of people every day. The company's purpose is simple: to help people all over the world make healthier and tastier food and drink choices, whilst supporting their communities and caring for their planet, not just today but for the future.

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For More Information about each of these companies. Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.