[sort of a repost because my last post about this got no response]
Sales of plant-based meats declined significantly in 2022, likely due to inflation and health concerns. Alternative proteins cost 43% more on average than real meat, and many consumers view them as a luxury good. I view this as a major setback for the development of alt proteins, and it makes me worried about their potential to replace factory farming in the medium and long term.
However, there are reasons to still be optimistic - the technology is improving, and another 20+ years of R&D (government, private, and philanthropically funded) could make alt proteins cost-competitive with conventional animal products. Perhaps donors should "stay the course" - as an analogy, if you're investing for the long term, you shouldn't pull your money out of the stock market just because your portfolio's value drops 20% in one year.
What are your thoughts?
"Reducing the price of alternative proteins" (Good Food Institute, 2022)