Alternative Proteins Could Boost Europe's Economy by €111 Billion by 2040
Alternative Proteins Could Boost Europe's Economy by €111 Billion by 2040
Alternative Proteins Could Boost Europe's Economy by €111 Billion by 2040
Alternative proteins could bring major economic benefits to the EU by 2040. A new report suggests the sector might add €111 billion in annual gross value and create over 400,000 jobs. Countries like France, Italy, and Spain would see some of the biggest gains from this growing industry.
France stands to gain €18 billion a year from alternative proteins, with around 64,000 new jobs. Italy and Spain could each see €10 billion in annual economic growth, supporting 31,000 and 34,000 jobs respectively. The sector's expansion would also reduce the EU's reliance on imported proteins while improving soil health.
By 2040, alternative proteins could cover 10% of the EU's meat demand and 25% of its dairy needs. The EU's export potential in this area could reach €60 billion, making it a leading global biomanufacturing hub. To make this happen, the report calls for €1.4 billion in annual R&D investment from EU and national governments.
The total market for alternative proteins may grow to €79 billion within 15 years. Achieving this would require strong policy support and sustained funding. Without these measures, the sector's full economic and environmental benefits may remain out of reach.
The report highlights a clear opportunity for the EU to boost its economy and create jobs through alternative proteins. If investments and policies align, the sector could transform food production and trade across Europe. The next steps depend on whether governments commit the necessary funding and regulatory backing.