Smart proteins gaining interest as meat and dairy alternatives, shows data

Smart proteins or alternative proteins that can replace meat are fast emerging as a major sector with mo¬st of the big players in the food and beverages segment, in India and globally, showing an interest in it.

According to available data, the total invested capital in the smart proteins sector globally as in 2020 was somewhere around $3.1 billion – three times bigger than the previous year. By the end of this year, another $4 billion is expected to be invested in the sector.

Globally, the alternative proteins market is projected to reach $290 billion by 2035. Several