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Redding, California - August 30, 2022

Alternative Protein Processing Equipment Market Worth $2.13 Billion by 2029

Alternative Protein Processing Equipment Market by Type (Dryers, Centrifuges, Grinders, Evaporators), Mode of Operation, Production Capacity (Small & Medium Scale, Large Scale), Application (Plant Proteins, Insect Proteins) - Global Forecast to 2029


Meticulous Research®—a leading global market research company, published a research report titled, Alternative Protein Processing Equipment Market by Type (Dryers, Centrifuges, Grinders, Evaporators), Mode of Operation, Production Capacity (Small & Medium Scale, Large Scale), Application (Plant Proteins, Insect Proteins) - Global Forecast to 2029.’

According to this latest publication from Meticulous Research®, the global alternative protein processing equipment market is slated to register a CAGR of 5.2% from 2022–2029 to reach $2.13 billion by 2029. The growth of the alternative protein processing equipment market is mainly attributed to factors such as innovations in alternative protein processing equipment, increasing focus of alternative protein manufacturers to reduce the production cost, growing venture investments in alternative protein companies, and increased usage of alternative protein as an ingredient in various food & beverage products. However, the high equipment cost is expected to restrain the growth of this market to a notable extent.

The alternative protein processing equipment market is segmented by type (dryers, centrifuges, filtration systems, mixing systems, evaporators, boilers, grinders, screw press, and other equipment), mode of operation (semi-automatic and automatic), production capacity (small & medium scale and large scale), application (plant proteins, insect proteins, microbial proteins), and geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on type, in 2022, the dryers segment is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this segment is attributed to its ability to improve process hygiene. In addition, the growing necessity for customization and replacement of traditional drying techniques is further expected to boost the demand for this segment.

Based on mode of operation, the automatic segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the advantages offered by automated alternative protein processing equipment, such as high production volumes, reduced labor costs, and improved precision and accuracy.

Based on production capacity, in 2022, the small & medium scale segment is expected to account for the largest share of the global alternative protein processing equipment. The large market share of this segment is attributed to rising government support for the development of small-scale processing enterprises, low financial needs, and increased productivity.

Based on application, in 2022, the plant proteins segment is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this segment is attributed to factors such as the growing demand from food & beverage manufacturers, the rising vegan population, the increasing number of plant-based product launches, and the large presence of plant protein manufacturers.

Based on geography, in 2022, North America is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this region is attributed to the high presence of key alternative-protein manufacturers, growing awareness of vegan products, well-established economies, and increased investment in research & development of food processing equipment. However, Asia-Pacific is slated to register the highest CAGR during the forecast period.

The global alternative protein processing equipment market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the global alternative protein processing equipment market are Alfa Laval AB (Sweden), The Bühler Holding AG (Switzerland), GEA Group Aktiengesellschaft (Germany), Flottweg SE (Germany), SPX FLOW, Inc. (U.S.), Coperion GmbH (Germany), Hosokawa Micron B.V. (Netherlands), Netzsch-Feinmahltechnik GmbH (Germany), SiccaDania (Denmark), Koch Separation Solutions (U.S.), Bepex International LLC (U.S.), Clextral (France), ANDRITZ Group (Austria), and Maschinenfabrik Reinartz GmbH & Co. KG (Germany).

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Key Questions Answered in the Report-

  • What is the current value of revenue generated by the global alternative protein processing equipment market?
  • At what rate is the global alternative protein processing equipment demand projected to grow for the next 5–7 years?
  • What are the historical market sizes and growth rates of the global alternative protein processing equipment market?
  • What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
  • What are the impacts of the COVID-19 pandemic on the global alternative protein processing equipment market?
  • Which segments in terms of type, mode of operation, production capacity, and application create major traction for the manufacturers in this market?
  • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the alternative protein processing equipment market?
  • Who are the major players in the global alternative protein processing equipment market? What are their specific product offerings in this market?
  • What are the recent strategic developments in the global alternative protein processing equipment market? What are the impacts of these strategic developments on the market?

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