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APAC alternative proteins market rife with venture financing and M&A activity, opines GlobalData
Alternative proteins have made significant inroads in the Asia-Pacific over the last five years, spurred by rising consumer health concerns, and increased manufacturer activity in the regions.
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Alternative proteins, particularly plant-based dairy and meat alternatives have made significant inroads in the Asia-Pacific (APAC) region since 2018. Additionally, the global meat supply chain disruptions and heightened fears of disease transmission through meat during the COVID-19 outbreak catalysed market growth. More consumers began experimenting with plant-based meat alternatives in 2020, thereby expanding the market base.
