The Future of Animal Protein and Meat Alternatives is a market report that covers the latest innovations and consumer trends across the global protein and plant-based protein markets in 2024. Our global future of report identifies evolving areas, consumer attitudes, and important advances expected across regions like EMEA, APAC, and the Americas over the next five years and beyond.
Times are tough for meat substitutes. Brands have endured a rollercoaster ride from their meteoric rise in 2018 to the profit warnings from big plant-based companies in 2023. Plant-based meat brands have a hard road back to consumer acceptance. Sustainability concerns continue to drive protein innovation, both animal-based and alternate protein brands are continuing to quantify efforts in this area, but consumers are still confused by broad terms like ‘sustainable fish’.
Brands will need to play to the nutritional strengths of each protein. Rather than meat alternatives trying to mimic the nutritional content of meat, brands will celebrate the inherent nutrition of plant-forward options. Meanwhile, animal protein can do more to educate consumers that quality protein is important for healthy ageing.
As the cost-of-living crisis eases, there is potential for added-value protein products. Single-portion formats and fish as a ‘special occasion’ substitute will deliver value through convenience and premiumisation.
Regulatory approvals for the sale of cultivated meat in the US have advanced the likelihood of bringing it to market. However, the technical, cultural and economic challenges of scaling up production – together with the challenge of overcoming consumer skepticism – mean that ‘mainstreaming’ is still a decade away.
Artificial intelligence will play a role in innovation. AI is helping farmers and agribusinesses make real-time decisions on crops, soil health, climate mitigation, livestock efficiency and weather forecasts.
Purchase the full report for a complete analysis of the trends shaping the future of the animal protein and meat alternatives market. To learn more about the industry, take a look at Mintel’s A Year of Innovation in Meat and Poultry, or A Year of Innovation in Meat Substitutes and Eggs.
This report, written by Megan Stanton, a leading Food analyst, delivers in-depth commentary and analysis to highlight global protein industry trends and add expert context to the numbers.
Plant-based meat alternatives will celebrate their inherent nutritional benefits while animal proteins can provide sustainable solutions to climate challenges.
Megan Stanton
Director – Mintel Food and Drink
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