Catalonia’s Alternative Protein Sector on the Rise with €269 Million in Revenue
A recent report on the alternative protein sector in Catalonia by the public agency Catalonia Trade & Investment reveals that the industry comprises 103 companies employing nearly 1,000 people and collectively generating €269 million in revenue. With a global market projected to reach $1 trillion by 2040, the report says Catalonia is well-placed to capitalize on this immense opportunity with its community of food innovators, from small startups to established meat and dairy companies to ingredient suppliers. The authors note that despite recent economic uncertainties, the outlook for the plant-based sector remains positive due to sustained consumer demand, growth in emerging markets, and innovative product improvements. “In 2023, the market revenue generated by meat substitutes (plant-based meat) in the European Union (EU-27) amounted to about US$ 1.96 …