Top 10 Alternative Proteins Companies - 2024

Technological advancements have transformed the fats, oils, and alternative proteins sector, driving innovation and efficiency across various sectors. Precision fermentation technology uses microbial bioreactors to produce proteins and fats. By engineering metabolic pathways, companies can create specific fatty acid profiles, enhancing alternative proteins’ nutritional value and taste. Precision fermentation is particularly promising for producing high-quality oils and fats that mimic those found in animal products. Technologies like liquid chromatography and mass spectrometry are used to analyze and optimize alternative protein products’ flavor, aroma, and nutritional profile. These tools assist food scientists in creating products that replicate the taste and texture of traditional animal-based proteins, addressing a major consumer concern.

Meanwhile, advances in plant-based protein production make creating more diverse and appealing products possible. Techniques such as extrusion and texturization enhance the texture and mouthfeel of plant-based meats, making them more palatable to consumers.

The global market for alternative proteins is expected to grow from USD 15.29 billion in 2023 to USD 321.8 billion by 2032, at a CAGR of 8.2 percent from 2024 to 2030. On the other hand, the fats and oils market reached USD 232.6 billion in 2023 and is projected to grow to USD 321.8 billion by 2032, with a CAGR of 3.6 percent during this period.

In this edition of the Food Business Review, we explore recent developments in fats and oils, alternative proteins, and how companies harness cutting-edge technologies to offer top-notch services.

We feature insights from industry expert Dina Fernandez, Global R&D Director, Alternative Proteins, Archer Daniels Midland (ADM), who focuses on solving challenges in alternative protein by understanding their nature, how they work synergistically in a system, and identifying the best strategies for efficient scalability.

We also include perspectives from Jenna Kouri, Technical Business Development Manager, Nutrition, Batory Foods Inc., who highlights the potential of plant-based proteins to address various challenges, including environmental sustainability, food security, and health concerns.

In this edition featuring the Top Fats and Oils Companies and the Top Alternative Proteins Companies in 2024, we aim to help you find the right partner for your business requirements.

Alternative Proteins & Plant Based Food | Food Business Review

Alternative Proteins & Plant Based Food - 2024

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NURA

NURA pioneers the alternative proteins market with a holistic approach to health, sustainability and innovation. Its diverse portfolio of products, collaborative client partnerships and expert team redefine possibilities in the evolving landscape of functional foods and ingredients.

Our groundbreaking YESTEIN® yeast protein offers essential functional properties for use across a diverse array of protein products, including ready-to-mix and ready-to-drink beverages, snacks, bakery and bars, non-dairy treats, supplements, and pet foods

Melissa Riddell, Director of R&D
..
Clover Sonoma

Clover Sonoma is a family-owned dairy producing high-quality dairy products for over 100 years, sourcing milk from local family farms that follow sustainable and humane practices.
Current Foods

Current Foods is a company dedicated to creating plant-based seafood alternatives. Their mission is to provide sustainable, nutritious, and delicious seafood options without compromising on taste or texture.
Hallelujah Diet

Hallelujah Diet, featured on myhdiet.com, promotes a plant-based diet designed to improve overall health and wellness.
Meyenberg

Meyenberg offers a variety of goat milk products, including whole goat milk, low-fat goat milk, powdered goat milk, and goat butter.
PURIS

PURIS specializes in pea protein, which is used in a variety of products, including plant-based milk, alternative meats, protein bars, snacks, and cereals.
Ruth’s Vegetarian Gourmet

Ruth’s Vegetarian Gourmet specializes in plant-based comfort food, perfect for today’s busy families. They focus on using real, simple ingredients without soy, fillers, dyes, nitrates, MSG, or corn syrup.
Skinner Butcher

Skinny Butcher is a company that specializes in plant-based chicken alternatives. They offer a unique line of products that are double-breaded for a crispy texture, aiming to replicate the taste and feel of real chicken.
Sun-Maid

Sun-Maid is a well-known brand that specializes in dried fruit products, particularly raisins. They are celebrated for their commitment to quality and have been a trusted name in households for generations.
VeganUs

VeganUs is a company dedicated to creating delicious and convenient plant-based foods. They aim to overcome the common hurdles of flavor and convenience that often deter people from adopting a plant-based diet.
NURA

NURA pioneers the alternative proteins market with a holistic approach to health, sustainability and innovation. Its diverse portfolio of products, collaborative client partnerships and expert team redefine possibilities in the evolving landscape of functional foods and ingredients.
Our groundbreaking YESTEIN® yeast protein offers essential functional properties for use across a diverse array of protein products, including ready-to-mix and ready-to-drink beverages, snacks, bakery and bars, non-dairy treats, supplements, and pet foods

Melissa Riddell, Director of R&D,..
Clover Sonoma

Clover Sonoma is a family-owned dairy producing high-quality dairy products for over 100 years, sourcing milk from local family farms that follow sustainable and humane practices.
Current Foods

Current Foods is a company dedicated to creating plant-based seafood alternatives. Their mission is to provide sustainable, nutritious, and delicious seafood options without compromising on taste or texture.
Hallelujah Diet

Hallelujah Diet, featured on myhdiet.com, promotes a plant-based diet designed to improve overall health and wellness.
Meyenberg

Meyenberg offers a variety of goat milk products, including whole goat milk, low-fat goat milk, powdered goat milk, and goat butter.
PURIS

PURIS specializes in pea protein, which is used in a variety of products, including plant-based milk, alternative meats, protein bars, snacks, and cereals.
Ruth’s Vegetarian Gourmet

Ruth’s Vegetarian Gourmet specializes in plant-based comfort food, perfect for today’s busy families. They focus on using real, simple ingredients without soy, fillers, dyes, nitrates, MSG, or corn syrup.
Skinner Butcher

Skinny Butcher is a company that specializes in plant-based chicken alternatives. They offer a unique line of products that are double-breaded for a crispy texture, aiming to replicate the taste and feel of real chicken.
Sun-Maid

Sun-Maid is a well-known brand that specializes in dried fruit products, particularly raisins. They are celebrated for their commitment to quality and have been a trusted name in households for generations.
VeganUs

VeganUs is a company dedicated to creating delicious and convenient plant-based foods. They aim to overcome the common hurdles of flavor and convenience that often deter people from adopting a plant-based diet.