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Why development of alternative proteins is a long game in China

News Snapshot:

We’ve all seen the numbers. According to an August report from Bloomberg, the global market for plant protein alone is on track to exceed US$162bn by 2030, up from less than $30bn last year. At that point, it would control nearly 8% of the world’s protein market. Sales of plant-based meat and fish alternatives may reach 5% of the total meat and fish market by 2030, it is suggested. Plant-based dairy already accounts for nearly 5% of the total dairy market, and that’s expected to double in the next decade. You get the idea. Alternative proteins are growing rapidly worldwide….

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