Meticulous Research® Forecasts Alternative Proteins Market to Reach $47.05 Billion by 2031

Well-established meat and dairy product manufacturers are being targeted by civil society groups and new food businesses due to ethical and animal welfare concerns. Plant-based products, including protein, are animal cruelty-free and, therefore, ethical and more sustainable. Protein diversification has the potential to transform food companies’ core business and value proposition due to its higher profitability, lower risk exposure, and the ability to compete and innovate.