Eating insects will soon go mainstream
As plant-based “meat” takes off, Barclays looks to bugs as a major part of the future of alternative proteins.
The insect protein market could be worth $8 billion (roughly R114.3 billion) by 2030, up from less than $1 billion (roughly R14.3 billion) in 2019, according to Meticulous Research data cited in a Barclays report published Monday.
According to Barclays analysts, eating bugs is set to become increasingly popular as the global population swells, making it an attractive investment for grocery chains, food makers like Nestle and PepsiCo, and – perhaps one day – massive chains like McDonald’s.
Source: businessinsider.co.za
Comments