Alternative Protein Market to Surge by 2032 with Major Industry Support

Alternative Protein Market to Surge by 2032 with Major Industry Support

2025-06-26 economy

New York, Wednesday, 25 June 2025.
The alternative protein market is set to expand to 15.37 million tons by 2032, growing at a 10.2% rate as companies like Archer-Daniels-Midland innovate in response to health and environmental demands.

Market Growth and Projections

The alternative protein market is anticipated to expand notably by 2032, reaching an estimated volume of 15.37 million tons at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032. This growth is being spearheaded by major industry players such as Archer-Daniels-Midland and Cargill, who are at the forefront of innovation within the sector [1].

Key Drivers of Market Expansion

Several factors contribute to the anticipated surge in the alternative protein market. Rapid urbanization and a growing consumer base demanding healthier and more sustainable food options are primary drivers. Additionally, there has been a marked increase in venture capital investment in startups within this sector, further fueling growth [1].

Among the various segments, plant-based proteins are expected to dominate the market with a projected share of 81.3% by 2025. Meanwhile, the insect protein segment is set to grow at the fastest rate, with a CAGR of 29.4% from 2025 to 2032, driven by increased interest in environmentally friendly and protein-rich alternatives [1].

Impact on the Global Economy

The expansion of the alternative protein market has significant implications for the global economy. It aligns with broader sustainable development goals by addressing environmental concerns related to traditional animal-based agriculture. Furthermore, as consumer preferences continue to shift, companies that adapt to these new demands are likely to benefit economically [1][3][5].

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market growth alternative protein