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,...
Plant-based Protein Market Size & Forecast
The plant-based protein market size 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. Plant-based protein refers to protein derived from plants rather than animal sources. These proteins can be found in a variety of plant foods such as legumes (beans, lentils, peas), nuts, seeds, grains (such as quinoa and rice), and certain...
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...