The global Alternative Protein Processing Equipment Market is on a growth path, with projections indicating it will reach $2.2 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. This positive outlook is primarily driven by advancements in processing technologies, a focus on reducing production expenses by alternative protein manufacturers, increased investments from venture capitalists, and a growing incorporation of alternative proteins in food and beverage applications. Nevertheless, the high initial costs associated with processing equipment may restrain market expansion.
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Market Breakdown
The alternative protein processing equipment market can be analyzed through several key dimensions:
Equipment Type: This includes various machinery such as dryers, centrifuges, filtration systems, mixing systems, evaporators, boilers, grinders, screw presses, among others.
Operation Mode: Equipment can be either semi-automatic or automatic.
Production Capacity: The market segments include small & medium-scale production and large-scale production.
Application: The applications include plant-based proteins, insect-based proteins, and microbial proteins.
Geographical Distribution: The market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The analysis also encompasses competitor evaluation and provides insights into market dynamics at the regional and country levels.
Trends by Segment
By Type: The dryers segment is expected to be the market leader in 2023. This segment’s prominence is attributed to the efficiency of dryers in enhancing hygiene and product quality through moisture removal. The demand for modernized drying techniques and customized solutions is anticipated to drive growth further.
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By Operation Mode: The automatic equipment segment is projected to grow at the highest CAGR in the coming years. This growth can be attributed to the widespread adoption of automated solutions in protein manufacturing, which facilitate advantages such as precise monitoring, reduced labor needs, elimination of human errors, effective sanitation, and decreased contamination risks.
By Production Capacity: In 2023, the small and medium-scale production segment is expected to account for the largest market share, influenced by government initiatives that encourage small-scale processing enterprises, reduced capital investment, and heightened productivity.
By Application: The plant-based proteins segment is forecasted to dominate the market share in 2023, driven by a surge in demand from food and beverage manufacturers, a rising number of vegan consumers, an increase in plant-based product launches, and a strong presence of plant-based protein manufacturers.
By Geography: North America is projected to command the largest share of the alternative protein processing equipment market in 2023. This is primarily due to the concentration of key alternative protein manufacturers, a growing vegan population, and significant R&D investments in food processing technologies.
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Key Players:
The key players operating in the global alternative protein processing equipment market are Alfa Laval AB (Sweden), ANDRITZ AG (Austria), Bepex International LLC (U.S.), Bühler Holding AG (Switzerland), Clextral SAS (France), Coperion GmbH (Germany), Flottweg SE (Germany), GEA Group Aktiengesellschaft (Germany), Hosokawa Micron B.V. (Netherlands), Koch Separation Solutions (U.S.), Maschinenfabrik Reinartz GmbH & Co. KG (Germany), NETZSCH-Feinmahltechnik GmbH (Germany), SiccaDania A/S (Denmark), and SPX Flow, Inc. (U.S.).
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