Top 10 Alternative Proteins Companies in Apac- 2023

The increasing global interest in alternative proteins, driven by changing consumer behavior for responsibly sourced meat, has spurred innovation and competition in the alternative proteins market. While meat has traditionally dominated protein consumption in developed markets, there’s a growing appetite for alternative proteins. Innovative food companies are introducing advanced technologies and ingredients to replicate the meat-eating experience. They are also leveraging social media for effective marketing. In response to evolving consumer preferences, these companies are launching diverse products using plant-based proteins, sustainable animal sources, and cutting-edge biotechnological innovations, such as fungal protein, to meet the demands of this growing market.

Market research projects that the alternative protein market will grow by 12.4 percent from 2022 to 2029 to reach $36.61 bn by 2029. The surging demand for alternative proteins has triggered innovative technologies across the food industry. These technologies span various aspects of alternative protein production. Mechanical fractionation, upcycling, and high moisture extrusion are enhancing the quality of plant-based foods, improving both their texture and flavor.

Artificial intelligence plays a pivotal role in optimizing the functional properties of ingredients through genetic modification, further advancing the quality of these products. Cutting-edge techniques like 3D bioprinting and nanofiber production are emerging, promising sustainable and lab-cultivated meat alternatives. Leading cultivated meat companies are transitioning to large-scale production facilities, signaling the impending commercialization of these products upon regulatory approval.

This Food Business Review APAC edition highlights the key developments in alternative proteins through thought leadership articles from Omkar Kokane, Food Safety and Quality Manager at Marley Spoon, and Lorien Carley, Quality Manager at Fonterra.

Omkar Kokane discusses the increasing importance of food safety in the food industry, highlighting that consumers now largely expect food that is safe from harmful bacteria and viruses. Lorien Carley primarily focuses on the need for the dairy industry to prioritize sustainability by implementing technology to protect the environment and the future of the business.

In this edition featuring the Top Alternative Proteins Companies in APAC 2023, we hope you find the appropriate company suited to your business requirements.