Share this article
Share this article
ResearchAndMarkets.com s offering.
The Global Alternative Proteins Market is expected to reach $27.05 billion by 2027, growing at a CAGR of 11.2% during the forecast period of 2020 to 2027.
This market is majorly driven by factors such as growing urbanization, growing venture investments in alternative protein companies, innovation in food technology, high nutritional value of edible insects, and environmental sustainability with production & consumption of alternative protein.
Moreover, new product launches and increasing inclination towards a vegan diet further support this market s growth. However, the high cost of alternative proteins and significant preference for animal-based products hinders this market s growth to some extent. On the other hand, increasing soy-free and gluten-free trend poses a challenge to the global alternative proteins market.
Alternative Protein Market Report 2021 - Global Forecast to 2027: Growing Urbanization with New Consumer Aspirations prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.