BUSINESS STRATEGY
Global revenues from alternative proteins projected to surpass US $ 290 billion
Climate change is the top of many businesses ’ agendas and one area where improvements could be made is with regards to food ecosystems . The alternative protein market has emerged as a frontrunner to help create a more sustainable global food system . Ali Al Suhail , Associate at DAI Magister , discusses alternative proteins and how the sector remains resilient .
In a world grappling with a pressing need to preserve resources and mitigate global warming , the alternative protein market has emerged as a transformative force with the potential to substantially reduce emissions and create a more sustainable food ecosystem .
According to estimates , transitioning to alternative proteins could contribute between 14 % and 20 % of the necessary emissions reductions to meet the 1.5 ° C target set by the Paris Agreement until 2050 . Moreover , by freeing vast expanses of land from environmentally destructive animal agriculture , this shift could save an astounding 39 billion cubic metres of water worldwide by 2035 .
Despite the market downturn , the sector is resilient and investor appetite remains healthy as demonstrated by start-ups securing US $ 3.5 billion in funding in 2022 . Supported by the growing demand for alternative proteins – projected to surpass US $ 290 billion by 2035 and good exit www . intelligentcxo . com
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