MARKET REPORT FEED & ADDITIVE MAGAZINE December 2023 79 proteins developed for both human and animal nutrition is sustainability. Alternative proteins are considered sustainable due to their advantages such as less land and water use, less greenhouse gas emissions and pollution, and less pressure on limited natural resources. In addition to all these, meeting the increasing need for food with the increase in the world population, consumer sensitivities such as animal rights and welfare, vegan, vegetarian and healthy eating trend are among the reasons for the interest in alternative proteins. According to the Global Food Institute (GFI), alternative proteins offer a better way to feed the world. The Institute explains this as follows: "Alternative proteins offer a better way to feed the world. Globally, meat consumption is the highest it has ever been, with global meat demand projected to increase at least 50 percent by 2050. By making meat from plants and cultivating meat from cells, we can modernize meat production in ways that massively reduce the environmental impacts of our food system, feed more people with fewer resources, avoid contributing to the growing threat of antibiotic resistance, and free up land and ocean ecosystems for biodiversity restoration and recovery." ALTERNATIVE PROTEINS MARKET BY TYPE The alternative proteins market is segmented on the basis of type such as plant-based protein, insect-based protein, cell-based protein. Plant-based proteins are among the best known and most common alternative protein sources today. The use of these sources in the production of plant-based food products such as meat and milk is becoming widespread, especially due to vegan diets. Soy is the most popular protein source in this group. Although soybased meat and dairy products are becoming increasingly common, the most common use of soy is still animal feed. Apart from soy, wheat, peas, chickpeas, rice and many other cereals, legumes and nuts can be used as alternative protein sources. The plant-based protein segment dominates the global alternative protein market, according to DataM Intelligence's report. Increasing demand from food and beverage manufacturers, availability of large quantities of raw materials for processing, and lower costs compared to other alternative proteins are cited among the reasons for the dominance of this segment in the market. Insect-based proteins have been remarkably strengthening their presence in the alternative protein market in recent years. Attracting interest as a nutritious, environmentally friendly and sustainable source for both human food and animal feed, insect-based proteins are expected to be the segment growing at the highest CAGR in the coming years, according to Meticulous Market Research's report. Investments in industrial-scale production facilities, which have been increasing in recent years, also support this. Microbial proteins derived from single-celled microorganisms such as algae, fungi, yeasts and bacteria, or single cell proteins, continue to attract
RkJQdWJsaXNoZXIy MTUxNjkxNQ==