The plant-based boom continues to heat up. What new trends will the alternative protein market usher in in 2022?
During the nearly three-year tug-of-war between the COVID-19 pandemic, both the social environment and the return to each individual’s conscious habits and lifestyles have already undergone tremendous changes.
In the post-epidemic era, the health awareness of global consumers has reached an unprecedented new height, and they have begun to expand their health concerns from humans to the whole ecology, and explore how to build a sustainable dynamic balance between humans and the earth.
According to the Innova market research report, “One Earth” ranks first among the top ten consumer trends in the global food and beverage industry in 2021. Many brands and consumers have expressed that they have begun to take action to protect the environment and achieve sustainability.
On the other hand, in recent years it has been found that the carbon emissions brought about by the development of animal husbandry have a huge impact on the environment. According to the forecast of the United Nations, as the population continues to grow, the global population will grow from about 8 billion today to 10 billion in 2050, of which the vast majority of population growth will come from developing countries. At present, there are still 815 million hungry people in the world, and basic food needs cannot be met. In 2050, the world will add 2 billion people on the existing basis, which means that the food supply needs to be increased by 60%-70% on the current basis. This is a huge challenge for food resources, especially meat resources.
In order to better solve the problems of environment and resources, and strive to maintain the balance between man and nature, it is necessary to have a new protein supply method to reshape the existing global protein supply system and become an important part of the new protein supply system. As a result, alternative proteins made a grand debut in this context, and quickly became the optimal solution unanimously recognized by capital, brands and the market.
The so-called alternative protein is a general term. According to different raw materials, it can be divided into microbial protein, cellular protein, insect protein and vegetable protein. Among them, the consumers of vegetable protein have the highest level of education and the largest market share. In recent years, the alternative protein industry has continued to benefit, related technologies have developed rapidly, and the consumer market has continued to expand. According to Euromonitor data, the global meat substitute market is valued at US$19.5 billion in 2021, and is expected to grow at a compound annual growth rate of 6.8% to 9.4% by 2025.
So, what are the new trends of alternative proteins that are rapidly developing in 2022?
Trend 1: New-Generation Proteins
At present, in addition to common soybeans, peas, oats, nuts, grains and other active ingredients in the formulation of alternative protein products, more and more brands are exploring and developing more new sources of protein, trying to bring more efficiency and more to the market. A more affordable and better solution.
So far, the market has seen cases of protein production from various raw materials such as volcanic microorganisms, seaweed/microalgae, insects and even air. These next-generation proteins have either achieved laboratory success, or have been commercialized and made their way to the consumer table.