Leading global market research company, Meticulous Research®, has recently released a comprehensive research report titled ‘Alternative Protein Market by Type, Application, and Geography - Global Forecast to 2030'. According to this insightful report, the alternative protein market is poised to achieve a remarkable milestone, reaching an estimated value of $40.7 billion by the year 2030, showcasing a robust Compound Annual Growth Rate (CAGR) of 13% from 2023 to 2030.
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This anticipated growth in the alternative protein market is primarily attributed to several key factors. Rapid urbanization and increasing consumer aspirations, coupled with growing venture investments in the alternative protein industry, innovations in food technologies, the high nutritional value of edible insects, and the environmental sustainability of alternative protein production and consumption are identified as major drivers.
However, challenges such as the higher costs of alternative protein compared to conventional protein and consumer preferences for animal-based products pose constraints to market expansion. Despite these challenges, the report highlights a potential avenue for growth as consumers exhibit an increasing inclination towards plant-based foods.
Key Findings:
1. Key Players: The report identifies key players shaping the global alternative protein market, including Archer-Daniels-Midland Company, Cargill, Incorporated, Roquette Frères, Ingredion Incorporated, Kerry Group plc, and many others.
2. Market Segmentation: The alternative protein market is segmented by type (plant protein, insect protein, microbial protein), application (food & beverage, animal feed, nutraceuticals), and geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).
3. Growth Trends: The plant protein segment is expected to dominate the market in 2023, with the insect protein segment projected to experience the highest CAGR, driven by the demand for environmentally friendly protein-rich food and increased investments in edible insect farming.
4. Regional Insights: North America is anticipated to lead the global alternative protein market in 2023, attributed to factors such as the focus on sustainable protein production, the rising vegan population, increased investments, and technological advancements in the food industry.
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Key Questions Addressed in the Report:
What is the current global revenue generated by alternative protein? What growth rate is projected for the global alternative protein demand in the next 5–7 years? What are the historical market sizes and growth rates of the global alternative protein market? What factors impact the market's growth at regional and country levels? Which segments are expected to create major traction for manufacturers? What are the key geographical trends, and which regions/countries offer significant growth opportunities?
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The report "Near Field Communication Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025", is expected to grow from USD 18.0 billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.
Browse 133 market data Tables and 53 Figures spread through 184 Pages and in-depth TOC on "NFC Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=520 Reader emulation is attributed to hold the largest share of the NFC market The market for reader emulation is projected to witness highest growth in the NFC market for the forecast period, as the majority of mobile phone and retail applications use NFC chip in reader emulation mode.
There is high adoption of NFC-based mobile wallets, such as Goggle pay, Samsung pay, Apple Pay, and Android Pay, which are expected to witness the highest CAGR in the coming years, owing to the high demand originating from payments.
Consumer electronics accounted for a major share of the overall NFC market Consumer electronics is the largest application industry for NFC and accounted for a major share of the overall NFC market with the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles.
The growth of the NFC market in APAC is mainly driven by increasing developments (such as R activities, investments, and partnerships among companies) related to NFC in countries such as Japan, China, and South Korea.
Additionally, it has some of the world’s fastest-growing and leading industrialized economies.
Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024.
The Dairy alternatives-based food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy, rice, almond, coconut, and others.
The dairy alternatives have a robust demand with respect to manufacturing medical food for their lactose-free nature, lactose intolerance ailments.
Moreover, the dairy alternatives offer several benefits such as increasing awareness among people, and as the dairy alternatives products contain vitamin, high calcium, the market will upsurge in the forecast period.
The factors that attribute to the growth of this sector is the prevention of breast cancer, and heart diseases, will upsurge the market growth in the upcoming period.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/dairy-alternatives-market/request-sampleDairy alternatives industry may be explored by application as Food, and Beverages.
Dairy alternatives market may be explored by distribution channel as Supermarket, Convenience Retailers, PharmacyAsia-Pacific has been at the forefront with regards to dairy alternatives industry and will continue to rule the roost in the years to come.
The 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer.
They will establish new connectivity, which will assist the businesses to widen their capabilities.
Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510.
These instruments offer new and advanced technological features and supports 5G NR radio interference.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market/request-for-sample The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.
