Spain’s untapped potential in the alternative proteins market
A new analysis by Systemiq, a B Corp collaborative system designer, supported by the Good Food Institute Europe, found that alternative proteins have the potential to provide significant opportunities for the Spanish economy over the coming decades.
The report highlighted that the Spanish alternative protein market could reach a value of €6.7 billion by 2040 (larger than the domestic Spanish coffee market), a number that increases to €9 billion when the whole value chain is accounted for.
The research also indicates that Spain could become a biomanufacturing hub, with trade opportunities in the region of €3 billion predicted by 2040. The industry is also forecasted to create an additional 34,000 jobs, spanning the likes of R&D, logistics, manufacturing, and marketing.