Shifts in Supply and Demand of Protein for Human Consumption Will Drive the Rise of Alternative Proteins to 307 Million MT by 2054, Initiating Significant Changes in the Food and Agriculture Landscape
BOSTON, MA--(Marketwired - Feb 24, 2015) - Growth of alternative protein sources is poised to accelerate, potentially claiming up to a third of the protein market by 2054, profoundly affecting agriculture, food technology, and end products, according to Lux Research.
Global protein consumption will reach 943 million metric tons (MMT) by 2054, rising at a 1.7% CAGR from the current 473 MMT. Alternative protein sources will pick up the slack of slowing meat and seafood growth, and could claim as much as 33% of total protein consumption by 2054.
"Novel protein sources beyond meat and fish are finding opportunities for growth within the once static protein industry," said Camilla Stice, Lux Research Analyst and the lead author of the report titled, "WhooPea: Plant Sources Are Changing the Protein Landscape."
"Consumer preference, concerns over the planet's ability to produce sufficient meat, impact of livestock agriculture on the environment, and mounting scientific advances are driving the changing protein demand," she added.
Lux Research analysts studied the factors affecting supply and demand of protein for human consumption, and evaluated several current and emerging alternative protein sources. Among their findings:
To hear more on the subject, register for the complimentary webinar, "United we Stand: Harnessing the True Potential of the Microbiome for Health and Wellness," on May 5th at 11:00 EDT.
The report, titled "WhooPea: Plant Sources Are Changing the Protein Landscape," is part of the Lux Research Food and Nutrition Intelligence and Agro Innovation Intelligence services.
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Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com