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A new frontier of pet foods based on alternative proteins is on the horizon, but manufacturers have to weigh the rational and irrational facts before committing to a change.
Alternative-protein based foods are in high demand from consumers, so much so that FinancialNewsMedia.com is projecting the global plant-based protein market to be valued at $34.5 billion by 2032—that’s up from $11.3 billion in 2022.