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,...
The Surging Growth of the Plant-Based Protein Market: A Paradigm Shift in Consumer Preferences
Introduction:
In the ever-evolving landscape of the global food industry, a notable transformation has occurred in recent years, marked by a substantial surge in consumer demand for plant-based protein market trends. Valued at USD 13.3 billion in 2023, this market is projected to reach USD 19.2 billion by 2028, demonstrating a remarkable Compound Annual Growth Rate (CAGR) of 7.7% from 2023 to 2028....
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...