Study release: "The 2040 EU Sustainable Dairy Landscape: Corporate Transition in Traditional and Animal-Free Dairy"
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Alternative coffee: Supply chain risk mitigation and beverage growth opportunities
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Plant-Based

Plant-based technology is a key component of sustainable food alternatives. Our consulting team advice corporates across the full value chain of plant-based solutions.
Plant-based meat, eggs, seafood and dairy offer a unique opportunity to write the next chapter for alt protein and drive economic growth while protecting public health and mitigating the climate crisis. But further innovation and optimizations are needed to enable plant-based proteins to compete with conventional products on cost, texture, flavor and nutrition.

Our consulting team will help you connect the dots within the plant-based industry so you can confidently navigate the future of alternative proteins every step of the way.

Navigating the plant-based industry

Perspective

Plant-based surges

Now reaching beyond the vegan base to attract flexitarians, plant-based foods have evolved rapidly, offering improved options that satisfy a broader audience. Some products have even achieved price parity with traditional counterparts, marking a notable shift towards mass market appeal.
CHALLENGE

Fierce competition

Competition is intensifying and consumer demands is growing; industry leaders must bolster not just their brand but also manufacturing capacity to meet the demand. Investing in R&D and enhancing production capabilities is vital for maintaining a competitive edge and ensuring reliable, large-scale output.
Opportunity

Massive potential

Despite the buzz around existing players, the total global market size is still relatively small and offers big potential for new and existing players. The opportunities span from high-potential crops and formulation with advanced ingredients like cultivated fat to texturizing using novel techniques such as 3D printing.

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Strategy

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TARGET SEARCH
Due diligence
Value creation plan
Corporate venturing
Strengthen your strategy in sustainable food with our expert consulting solutions and global network of specialists.
Key topics
Our strategy consulting team is here to advise you in the plant-based industry so you can confidently navigate the future of alternative proteins every step of the way.
Ingredient optimization
Formulation
Techno-economic assessment
Manufacturing
Binders & stabilizers
Fats & oils
Extrusion
Labeling
Functionality
Shelf-life
Methylcellulose
Starches
Shear cell
High-moisture
Power heater
Clean label

Plant-based FAQs

What is plant-based meat?

Plant-based meat aims to deliver the same experience as eating conventional meat but without many of the negative impacts associated with the animal agriculture industry.

Also known as vegan, faux, fake, or plant meat, it can match the appearance, taste, cooking method, and nutritional value of the meat-based product it seeks to replace. Plant-based meat is made from a variety of animal-free ingredients, including vegetable proteins, plant oils, and vegan binding agents.

Ingredients derived from fungi and algae, while not biologically classified as plant ingredients, are also commonly used in the production of plant-based meats and are therefore included in our definition.

There are also crossovers with other pillars of the alt meat industry. For example, the products of processes such as precision fermentation and lab-grown meat can be combined with additional plant-based ingredients to form “hybrid” plant-based meat alternatives.

How is plant-based meat made and what challenges are presented along the way?

To replicate meat-based products, industry players must overcome multiple technical challenges. These present opportunities for innovation along the entire three step process of plant-based meat production:

  1. Crop development

    Animal meat is chiefly comprised of muscle tissue, something that plants don’t possess. Nevertheless, muscle tissue can be deconstructed into proteins, fats, vitamins, minerals, and water, all of which nature can provide.

    For example, many conventional crops, such as soy and wheat, contain the primary raw materials used for plant-based meat production: plant proteins. Alternatively, if nature can’t provide, biological, mechanical, or chemical processes can be used to produce an analog.

    Suitable crops are chosen based on their taste; protein, fat, and fiber content; ease of ingredient isolation, and solubility. What’s more, different plant proteins possess various functional properties that influence the sensory and nutritional qualities of the end product.

  2. Ingredient optimization

    While many plant-based meats can be made using whole ingredients, such as beans and mushrooms, others require more purified and concentrated components. In this case, crops need to be processed to isolate the raw material of interest, including proteins, fats, and fibers.

    Due to the ever-increasing diversity of plant sources used, there is a growing need for novel ingredient processing methodologies; some crops may require unique methods of milling and fractionation.

  3. Formulation and manufacturing

    Another challenge to tackle is the arrangement of the fundamental plant-based elements to emulate the distinctive texture of meat. Larger cuts of meat, such as plant-based chicken breasts and steak, are much more challenging to replicate than plant-based mince meat and hamburgers.

    To achieve the desired muscle-like texture that delivers a realistic mouthfeel, numerous manufacturing processes can be employed. For example, kneading, stretching, folding, layering, shear cell processing, 3D printing, slicing, and high moisture extrusion can each produce unique shapes and textures.

    Many of these techniques can also influence the functional and nutritional properties of the end plant-based meat product. It’s subsequently important to carefully plan and test combinations of plant proteins and other ingredients to ensure they perform as desired during specific production methods.

How can we advance the plant-based meat industry further?

The media attention regarding certain existing players might give the sense that the field of plant-based meat has peaked, yet this prognosis is seriously misguided. Many plant-based meat brands are experiencing significant growth, such as Impossible’s 70% surge in retail sales in 2022. And, according to Nestlé, global industry sales are set to grow by approximately 20% per annum across the next five years.

What’s more, innovations continue to promise new and exciting possibilities for the end products, from expanding the offering of raw materials to producing ingredients with better functional qualities and ultimately developing game-changing products that are tastier and healthier.

Some of the future plant-based meat opportunities include:

  • Optimizing the upstream supply chain
    Developments within the upstream supply chain, such as the optimization of the seeds and crops used as raw materials, offer opportunities for price and sensory parity.

  • Advances in ingredient processing
    Novel biological, mechanical, and chemical processing techniques could improve high-quality yield and functionality while ensuring purity. Investment in this area would reduce costs and help companies to scale efficiently.

  • Optimizing new and existing scalable technology
    Current production equipment can be leveraged to optimize factors such as throughput, purity, and protein texturization. Opportunities also lie in infrastructure capital and the development of novel scalable manufacturing equipment tailored toward specific ingredients and outputs.

What about other plant-based alternatives?

The majority of plant-based food categories are growing faster than their animal-based counterparts, with plant milk taking the lead as the most popular plant-based product among omnivores. Yogurts and creamers aren’t too far behind and egg alternatives experienced the fastest market growth, although it remains the least developed category.

Plant-based seafood is another area experiencing fast growth. Since more than 3 billion people in the world eat seafood as one of their main sources of animal protein, there is a significant market opportunity for this category.

Client Feedback
Featured case

Go-to-market strategy for plant-based meat

client: TOP 10 GLOBAL FMCG
Our client asked us to assess the plant-based meat industry in 3 different countries across Europe and Asia.
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Latest studies
Corporate Transition in Traditional and Animal-Free Dairy
This study provides a comprehensive analysis of the future of the EU sustainable dairy market, focusing on sustainability strategies and the growing potential of animal-free dairy for corporate leaders.
Download the report
Plant-based meat manufacturing capacity and pathways for expansion
This study, co-authored with The Good Food Institute, offers a comprehensive analysis of global plant-based meat manufacturing and strategic recommendations for expanding capacity to meet future demand.
Download the report
A corporate guide to alternative protein precision fermentation
This study summarizes the latest developments and opportunities in alternative protein precision fermentation for corporates. It showcases that partnerships are key to success, and highlights a broad spectrum of applications in alternative meat, dairy and egg proteins.
Download the report
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