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Asia Pacific Alternative Protein Market Size study, by Product (Plant Protein, Microbe-based Protein, Insect Protein), by Application (Food & Beverages, Infant Formulations, Clinical Nutrition, Animal Feed, Others) and Country Forecasts 2022-2032

May 2024 | 200 pages | ID: AF1BDF9DF788EN
Bizwit Research & Consulting LLP

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Asia Pacific Alternative Protein Market is valued at approximately USD 3.06 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 10.48% over the forecast period 2024-2032. Alternative proteins encompass protein sources that diverge from conventional animal agriculture. These include plant-based options like cereals, rice, oats, legumes, roots, and wheat, along with insect proteins such as coleoptera, lepidoptera, hymenoptera, orthoptera, hemiptera, diptera, among others, or microbial proteins derived from bacteria, algae, fungi, or yeast. The surge in popularity of alternative proteins corresponds with a growing awareness of the environmental repercussions linked to traditional animal farming. Animal agriculture is a significant contributor to greenhouse gas emissions, deforestation, and water pollution. Alternative proteins emerge as a sustainable remedy to alleviate these adverse impacts. The escalating preference for plant-derived alternatives in the food and beverage sector underscores a shift towards plant-centric diets. This trend is bolstered by innovative products that are broadening the market's horizons. Changing consumer inclinations, including health consciousness, environmental awareness, concern for animal welfare, and a penchant for sustainable food options, are propelling the adoption of plant-based and alternative protein sources. Consequently, there has been a notable uptick in the demand for alternative protein products. The emerging health and wellness trends are positively influencing the Asia Pacific Alternative Protein Market during the forecast period 2024-2032.

The Asia Pacific region has the world's largest and growing population, which puts a strain on traditional protein sources and prompts a demand for alternative scalable solutions. Some Asian governments, recognizing the potential of alternative proteins, are offering incentives, and investing in research & development to propel the industry development. Along with this, the increasing focus on sustainability and ethical consumption among consumers is fueling the need for alternative protein sources. For instance, rising demand for plant-based meat substitutes such as Omnipork in the region, witnessing a shift in consumer preferences towards sustainable and ethically produced food choices. Moreover, the growing consumer preferences towards alternative proteins, as well as the growing popularity of plant-based proteins due to taste and texture enhancements are creating various growth prospects for the Asia Pacific Alternative Protein Market. However, high cost of alternative proteins and the prevalence of allergies linked to various alternatives like plant-based and insect-based proteins are anticipated to impede market expansion from 2022 to 2032.

The key Countries considered for the Asia Pacific Alternative Protein Market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market. The country's large population and swift urban growth have spurred a heightened need for protein, presenting a considerable market potential for alternative protein offerings. According to the World Bank, in 2022, there were around 1.41 billion people were recorded in China, which is an increase from 1.39 billion people in 2016. Consequently, Chinese enterprises such as Whole Perfect Food are venturing into plant-based meat products to meet this escalating demand. The market in India, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:
Angel Yeast Co., Ltd
String Bios Pvt Ltd
GoodLifeNutrition
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Product
Plant Protein
Microbe-based Protein
Insect Protein

By Application
Food & Beverages
Infant Formulations
Clinical Nutrition
Animal Feed
Others

By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Asia Pacific Alternative Protein Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Product
  2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Plant Protein
5.2. Microbe-based Protein
5.3. Insect Protein

CHAPTER 6. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Food & Beverages
6.2. Infant Formulations
6.3. Clinical Nutrition
6.4. Animal Feed
6.5. Others

CHAPTER 7. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

7.1. China Alternative Protein Market
  7.1.1. Product breakdown size & forecasts, 2022-2032
  7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. India Alternative Protein Market
7.3. Japan Alternative Protein Market
7.4. Australia Alternative Protein Market
7.5. South Korea Alternative Protein Market
7.6. Rest of Asia Pacific Alternative Protein Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Angel Yeast Co., Ltd
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. String Bios Pvt Ltd
  8.3.3. GoodLifeNutrition
  8.3.4. Company
  8.3.5. Company
  8.3.6. Company
  8.3.7. Company
  8.3.8. Company
  8.3.9. Company
  8.3.10. Company

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLESTABLE 1. ASIA PACIFIC ALTERNATIVE PROTEIN MARKET, REPORT SCOPE

TABLE 2. Asia Pacific Alternative Protein Market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Alternative Protein Market estimates & forecasts by Product 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Alternative Protein Market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Alternative Protein Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Alternative Protein Market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Alternative Protein Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Alternative Protein Market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Alternative Protein Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Alternative Protein Market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Alternative Protein Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Alternative Protein Market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Alternative Protein Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Alternative Protein Market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. China Alternative Protein Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. China Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. China Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. India Alternative Protein Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. India Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. India Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Japan Alternative Protein Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Japan Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Japan Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Australia Alternative Protein Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Australia Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Australia Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. South Korea Alternative Protein Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. South Korea Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. South Korea Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30.
TABLE 31. RoAPAC Alternative Protein Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. RoAPAC Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. RoAPAC Alternative Protein Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. List of secondary sources, used in the study of Asia Pacific Alternative Protein Market.
TABLE 35. List of primary sources, used in the study of Asia Pacific Alternative Protein Market.
TABLE 36. Years considered for the study.
TABLE 37. Exchange rates considered

LIST OF FIGURES

FIG 1. Asia Pacific Alternative Protein Market, research methodology
FIG 2. Asia Pacific Alternative Protein Market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Alternative Protein Market, key trends 2023
FIG 5. Asia Pacific Alternative Protein Market, growth prospects 2022-2032
FIG 6. Asia Pacific Alternative Protein Market, porters 5 force model
FIG 7. Asia Pacific Alternative Protein Market, pestel analysis
FIG 8. Asia Pacific Alternative Protein Market, value chain analysis
FIG 9. Asia Pacific Alternative Protein Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Asia Pacific Alternative Protein Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Asia Pacific Alternative Protein Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Asia Pacific Alternative Protein Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Asia Pacific Alternative Protein Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Asia Pacific Alternative Protein Market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Alternative Protein Market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Alternative Protein Market, company market share analysis (2023)


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