MARKET REPORT 82 FEED & ADDITIVE MAGAZINE December 2023 • AB Mauri • ADM • AgriProtein • Agronutris • Aleph Farms • AlgaeCan Biotech • Algatechologies • Algenex • All Things Bugs LLC • Alltech • AMCO Proteins • Amy’s Kitchen • Angel Yeast • Appleton Meats • Armstrong Cricket Farm Georgia • Asia Co. Ltd. • Aspire Food Group • Avant Meats • Axiom Foods • Balletic Foods • Batory Foods Chapul. • BEC Feed Solutions • BENEO • Beta Bugs • Beta Hatch Inc. • Beyond Meat • Biofood Systems • Biomin • BioPhero • BioProcess Algae • Biotech Foods • BlueBioTech • BlueNalu • Burcon NutraScience • Calysta • Cargill • Cell Sustainable Nutrition • Cellena • Cellular Revolution • Chapul Cricket Protein • Charoen Pokphand Food • CHS Inc. • Church & Dwight • CJ CheilJedang • CJ Selecta • Coalo Vally Farms • Corbion • Cosucra Group • Cowboy Cricket Farms • Crescent Biotech • Cricket Lab Limited • Cyanotech • Darling Ingredients • Deep Branch • Deli Bugs Ltd. • Devenish Nutrition • DIC Corporation • Dsm-firmenich • DuPont (Danisco) • Emsland Group • Enterra Corporation • Entobel Holding • EntoCube • Entofood • Entomo Farms • EnviroFlight • Evershining Ingredients • Evonik Industries • F4F SpA • Far East Bio-Tec • Far East Microalgae • Farbest Brands • Farbest-Tallman Foods • FermBiotics • Field Roast • Finless Foods • Fork & Goode • Future Meat Technologies • Gardein Protein • Glanbia Plc • Global Bugs • Gold&Green Foods • Goterra • Hamlet Protein • Haocheng Mealworm • Hargol FoodTech Some of the major players: Finally, technological developments and innovation are also expected to contribute to the growth of the market. Increasing investments in alternative protein development are expected to provide a significant impetus to the market. In addition, the development of technologies that will enable the industrial production of alternative proteins will contribute to the growth of the market by making alternative proteins more accessible in terms of quantity and cost. FACTORS THAT MAY RESTRICT MARKET GROWTH The major restraining factors for the alternative protein market are currently said to be high production costs and low production quantities. These two major factors prevent the widespread use of alternative proteins, both as human food and as an animal feed ingredient, and slow the growth of the market. Concerns about the effects of some alternative protein sources on both human and animal health are also considered as a limiting factor. The long-term health effects of many alternative protein sources have not yet been adequately investigated. For example, some alternative protein sources can have serious allergic reactions. Research Nester draws attention to this issue in its report and explains it as follows; " Silkworm, mealworm, locust, grasshopper, cicada,
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