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,...
Market Analysis: The Growing Demand for Plant-Based Protein Products
The plant-based protein market is estimated at USD 14.2 billion in 2024 and is projected to reach USD 20.5 billion by 2029, at a CAGR of 8.1% from 2024 to 2029. The plant-based protein market has seen exponential growth in recent years, fueled by increasing consumer awareness of health, environmental sustainability, and ethical concerns regarding animal agriculture. This market encompasses a wide...
Plant-based Protein Market Size & Forecast
The plant-based protein market is estimated at USD 14.2 billion in 2024 and is projected to reach USD 20.5 billion by 2029, at a CAGR of 8.1% from 2024 to 2029. The plant-based protein market has seen exponential growth in recent years, fueled by increasing consumer awareness of health, environmental sustainability, and ethical concerns regarding animal agriculture. This market encompasses a wide...
Plant-Based Protein Market Surges: A Look at Growth Factors and Trends
The plant-based protein market is during a remarkable transformation, with its value estimated at a substantial USD 12.2 billion in 2022 and a projected surge to USD 17.4 billion by 2027. This robust growth is underpinned by a compelling Compound Annual Growth Rate (CAGR) of 7.3% between 2022 and 2027. In this article, we delve into the driving forces behind this burgeoning market and the key trends...
Plant-based Protein Market Size, Growth, Demand, Opportunities & Forecast To 2027
The global plant-based protein market size is estimated to be valued at USD 12.2 billion in 2022 and is projected to reach USD 17.4 billion by 2027, recording a CAGR of 7.3%, in terms of value during the forecast period. The demand for plant-based protein has been increasing due to the increase in adoption of veganism and flexitarian diets and due to the growing concern regarding environment and...
Plant-based Protein Market: Market Dynamics
The plant-based protein market size is projected to grow from USD 12.2 billion in 2022 to 17.4 billion by 2027, at a CAGR of 7.3% between 2022 and 2027. Plant-based proteins are considered a more sustainable alternative for animal sourced proteins, with regards to both personal and environmental health. The significant increase in the demand for plant-based foods due to rise in adoption...
Rise in Demand for Health-Enriching Organic Food & Beverages Drives Plant-Based Protein Market
The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, in terms of value, recording a compound annual growth rate (CAGR) of 7.2% during the forecast period. The rise in population with lactose intolerance is one of the major factors driving the market growth for plant-based protein. North America region accounted for the largest market...
Plant-based Protein Market – Future Trends & Scenario
The global plant-based
protein market size is projected to grow from USD 10.3 billion in 2020
to USD 15.6 billion by 2026, recording a compound annual growth rate (CAGR) of
7.2% during the forecast period. The major factors driving the growth of the
plant-based protein market include the growing demand for wellness-focused
organic food & beverages among consumers.
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The...
Plant-based Protein Market Top Growth Factors and Future Trends 2026
According to MarketsandMarkets, the global plant-based
protein market size is projected to grow from USD 10.3 billion in 2020
to USD 15.6 billion by 2026, in terms of value, recording a compound annual
growth rate (CAGR) of 7.2% during the forecast period. The rise in population
with lactose intolerance is one of the major factors driving the market growth
for plant-based protein. North America region...