Duckweed emerging in a growing global alternative protein market
Recently, Analytics News (www.theanalyticsnews.com) outlined how the global alternative protein market is expected to grow to a market value of $17.9 bn and 9,787.4 KMT by 2025.
Recently, Analytics News (www.theanalyticsnews.com) outlined how the global alternative protein market is expected to grow to a market value of $17.9 bn and 9,787.4 KMT by 2025. The alternative protein market consists of three categories of alternative protein; emerging, adolescent and matured. Duckweed has been listed amongst the emerging group, along with insect, algae and lab meat.
Growth in the sector has been attributed to a number of factors, including growing urbanization with new consumer preferences, rising investments and innovation in food technology, high nutritional value and environmental sustainability. The plant-based protein products market commanded the largest share of the global market in 2018 mainly due to sustainability, health benefits and falling consumer confidence in alternative options.
According to the article, â€œacross the food value chain, companies are looking to generate growth through innovation and product development in alternative proteins, both within their legacy brands and by creating new product offerings.
The full article can be accessed on the Analytics News website through the following link: Alternative Protein Market worth $17.9 billion and 9,787.4 KMT by 2025