The widespread adoption of alternative proteins could play a critical role in tackling climate change. BCG’s alternative proteins consulting team helps clients seize opportunities in the fast-growing alternative proteins industry—and create a more sustainable future.
The alternative protein market—which includes plant-based meat, eggs, dairy, and seafood products—is set to reach $290 billion by 2035. This will represent 11% of global protein consumption, and the impact on climate change would be equivalent to decarbonizing 95% of the aviation industry.
Our alternative proteins consulting team works across the entire agri-food value chain—partnering with consumer-packaged goods companies, retailers, quick-service restaurants, venture capital and private equity firms, ingredient manufacturers, farmer cooperatives, and startups—to seize the untapped opportunity in alternative proteins.
Food Industry Players
Twenty-five percent of global greenhouse gas emissions is caused by the food value chain, making the shift to alternative proteins one of the most capital-efficient and high-impact solutions available for addressing the climate crisis. We help food companies define forward-thinking alternative proteins strategies, develop and manufacture alternative protein products, advance technology across the alternative proteins value chain, and launch new alternative protein businesses.
Investors
The amount of venture capital invested in alternative proteins rose from $1 billion in 2019 to $5 billion in 2021. And VC investment in fermentation-based alternative protein and animal-cell-based meat companies— two newer alternative protein technologies— is soaring. We help investors scan the alternative proteins landscape so that they can direct capital toward transformative ventures and become integral players in the future of sustainable food systems.
More emissions are prevented per dollar invested into alternative (or non-animal) proteins than in any sector—three times greater than investing in transportation or buildings.
Alternative dairy products have appealed to mainstream consumers more successfully than alternative meats have. Here’s how companies of both kinds can step up their marketing.
Our latest research shows that consumers are embracing alternative proteins and that protein transformation is one of the best tools available to combat the climate crisis.
The environmental, economic, and health benefits of meat grown from animal cells are clear. Cost and taste parity are on the horizon. What will it take to scale up cultivated meat in the UK?
The shift to alternative proteins based on plants, microorganisms, and animal cells is just beginning to pick up speed. The market will hit $290 billion by 2035.
BCG’s alternative proteins consulting team has deep expertise in alternative protein technology, alternative protein investments, fermentation-based alternative protein, the agri-food value chain, and more. Here are some of our experts on the topic.
Widespread adoption of alternative proteins can play a critical role in tackling climate change,” says Malte Clausen in the Guardian. “We call it the untapped climate opportunity—you’re getting more impact from your investment in alternative proteins than in any other sector of the economy.”
Read the Guardian Article
