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...