According to Meticulous Research®, the global market for alternative protein processing equipment is projected to grow to $2.2 billion by 2030, with a compound annual growth rate (CAGR) of 5.2% during the forecast period of 2023 to 2030. This expansion is driven by innovations in processing technologies, efforts by producers to lower production costs, a surge in venture capital funding for alternative protein companies, and the increasing application of alternative proteins in the food and beverage industry. However, the steep cost of equipment remains a key factor that could constrain the market's growth.
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