COVID-19 Impact on Alternative Protein in Food and Beverage Industry
The COVID-19 pandemic is re-shaping everything around the globe. The COVID-19 pandemic has impacted almost every industry around globe in positive or negative ways. The food & beverages industry is also facing the surge in the consumption globally. It has also spotlighted the meat supply and food security globally.
The supply chain disruptions, panic buying and stockpiling are observed in both developed and emerging markets. The companies are taking exciting initiatives such as ‘alternative proteins’ which makes the upgraded version of meat, dairy, plant and crop ingredients, eggs or directly from the animal cells.
The consumers are increasingly adapting to plant-based alternatives in the Spain. The mainstream supermarkets have increasing demand for the vegan meat alternatives.
For instance,
• The intake of fruits is increasing by more than 66%, vegetables increased by more than 59% and three out of 10 people are consuming more plant-based alternatives than usual.
The United States is the world leader in the alterative protein market. They have produced the high demand and innovative foods with the lower carbon emissions than the animal protein sources by avoiding risk of zoonotic diseases.
In the U.S., in first week of March, the plant-based products sales grew up by 280%. The plant-based meat alternatives are rising with the impossible burgers and beyond the meat findings in the menus of major fast food chains such as Carl’s Jr., Del taco and Burger king. The sale of fresh meat alternatives is growing by 158.3% year-on-year.Read more...