MARKET REPORT 78 FEED & ADDITIVE MAGAZINE December 2023 Alternative proteins are proteins produced from different sources as an alternative to traditional animal proteins. Today, these proteins are utilised in many different fields such as food and beverage, animal feed and pet food, nutrition and health supplements, and medical products. The aim of alternative proteins evaluated for human food is to develop products with the same taste, appearance and texture as traditional animal-derived proteins. However, these products should have the same or lower production costs than animal proteins. Otherwise, it is difficult to evaluate it as a real alternative. In the search for alternative proteins in animal feed, the aim is to find feed ingredients with lower cost, less environmental impact and therefore more sustainable. Nowadays, the mainstay of alternative Global Alternative Proteins Market There are different estimates about the size and growth expectations of the global alternative protein market. Based on these estimates, it is possible to say that the market size was around USD 17.6 billion in 2022, will grow at an average CAGR of 12% in the coming period and will reach an average market size of USD 55 billion in 2032. The largest share in this growth is expected to belong to the plant-based proteins segment, especially soy-based proteins. Insect-based proteins are estimated to be the fastest growing alternative protein segment during the forecast period 2023-2030. By Derya Yildiz
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