Alternative protein market is estimated to be valued at USD 17.66 Bn in 2025 and is expected to reach USD 29.12 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2025 to 2032.
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The factors driving the market growth include rising meat consumption worldwide, growing demand for plant-based and healthier food options, and animal welfare concerns. The trend seen in this market indicates a steady rise in demand for plant-based meat, dairy, and egg alternatives. Most of the plant-based proteins such as soy, wheat and pea are being used to develop alternative meat products like burgers, sausages, and nuggets that resemble animal-based meat in terms of taste, texture and mouthfeel.
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