The Rise of Plant-Based Protein: Transforming the Food Industry
The global plant-based protein market is expected to reach USD 14.3 billion in 2024 and is projected to grow at a CAGR of 7.5%, reaching USD 20.5 billion by 2029. Consumers are increasingly turning to alternative protein sources, favoring plant-based products over traditional animal-derived proteins. This shift is driven by several factors, including a growing interest in health-focused food and beverages,...
Rising Incidences of Lactose Intolerance is Driving the Market for Plant-Based Protein
The plant-based protein market is projected to grow at a
CAGR of 7.2% during the forecast period
According to MarketsandMarkets, the plant-based protein
market is estimated to be valued at USD 10.3 billion in 2020 and is projected
to reach USD 15.6 billion by 2026, recording a CAGR of 7.2 %, in terms of
value. Some of the major factors driving
the growth of the plant-based protein market...