Market for alternative proteins to reach $5.2 billion by 2020


Plant proteins are big business and a fast-growing category that companies and retailers can’t afford to ignore, according to a new report. The investor report, titled “Plant-based profits,” urges global food companies to diversify their protein sourcing away from a reliance on animal proteins and analyzes how 16 multinational companies are positioned to transition to alternative plant-based proteins. The report was created by FAIRR, an investor initiative that aims to raise awareness of factory farming and animal welfare. Investors working on this report are concerned over the risks of food companies relying on animal protein and want to see companies investing in the growing plant-based food market. The report finds that the market for alternative proteins is predicted to expand by over 8% a year and to reach $5.2 billion by 2020…… Read

 

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