Sustainable Growth Opportunities for Meat Analogs Protein Ingredients
Animal welfare, sustainability, and health concerns—amidst a global pandemic—fuel investment and innovation growth
Meat alternatives or meat analogs are defined as products obtained through alternative protein ingredients such as plant protein or microbial protein; they can mimic the taste, texture, and cooking qualities of animal-derived meat products. The growing number of flexitarians will continue to be a key driver of global meat analog industry growth. Millennials will also drive the shift to healthy and sustainable diets.
Other factors expected to fuel adoption include the rising environmental and health concerns among consumers. As consumers gain awareness of the environmental impact of animal-derived food products, demand for sustainable alternative protein sources will rise. The use of sustainable production technologies (fermentation techniques to produce single-cell proteins (SCPs) such as mycoprotein, which can be used to produce meat alternatives) is also gaining momentum.
This Frost & Sullivan research service assesses the opportunity across the global meat analogs protein ingredients market from 2017 to 2026. Among the different plant protein ingredients, soy protein accounted for the highest share in 2020. However, rising demand for clean-label, non-GMO, non-allergenic protein ingredients will drive demand for soy and wheat protein alternatives such as pea protein. Chickpea and fava beans are also seeing increased uptake in the meat analogs space.
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.