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Plant-Based Food Market

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Overview

A plant-based diet, commonly referred to as a vegan, is consuming food that are produced from plants while eliminating the consumption of animal products. The components of a plant-based diet are fruits, vegetables, whole grains, legumes, nuts, and seeds. These food supply important nutrients such as vitamins, minerals, fiber, and antioxidants. According to Bloomberg Intelligence, Plant-based Foods Market to Hit $162 Billion by 7.7 percent. Restaurant chains, plant-based market leaders and health.

Reports

Plant-Based Protein Industry Overview
Plant-Based Food Market
Protein products that are made solely from plant sources, devoid of any animal derivatives, are known as plant-based protein products Plant-based protein market drivers is the rising consumer preference for a healthy and nutritious diet. The increasing focus of individuals on environmental sustainability and the elevating ethical considerations are also acting as growth-inducing factors
The global plant protein market is expected to grow at a CAGR of 8.1% from €7.4 billion in 2019A to €11.8 billion in 2025E. Main drivers are well-developed regions, such as North America, Europe and Asia-Pacific
Plant-Based Food Market Overview
Plant-Based Food Market
The global meat alternatives market could grow from US$ 5 billion in 2020 to a range of US$ 10.8 billion up to 252 billion by 2030. Global animal and dairy protein demand is poised to reach $1.2 trillion by 2030.The Asia-Pacific region has limited food supply, with an expected population of 4.6 billion by 2030. As a result, the region is likely to dominate the plant-based protein market reaching $64.8 billion by 2030, up from $13.5 billion in 2020  

Insights

Finland’s Oddlygood acquires British dairy alternative brand Rude Health
European Project, Alehoop Uses Biorefineries to Extract Proteins From Seaweed & Legume Byproducts
Seaweed as the future vegan protein: Seaweed have been found to offer hidden nutritional treasure
Plant-Based Meat Cuts Environmental Impact by 89% than traditional animal-based proteins