Alternative Protein Market Set to Surge to $22 Billion by 2034 as Sustainability and Health Trends Boost Demand
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Alternative protein market projected to be worth $22.4 billion by 2034, growing at a CAGR of 4.30% from 2024. Driven by plant-based, mycoprotein, algal, and insect protein sources.
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Growing awareness of sustainability, health, and animal welfare issues driving consumer demand for alternative proteins over conventional meats.
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Technology and innovation enabling development of meat analogs, cultured meats, fermentation proteins. Expanding range of tasty, nutritious alternatives for consumers.
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North America expected to see fastest growth due to health and ethical concerns driving demand for plant-based and alternative proteins.
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Market offering diverse protein sources like soy, pea, wheat, cultivated meat, insects, algae. Allows consumer choice based on preferences and diet.