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...
Growth in Vegetarian Population Drives the Plant-Based Protein Market
The plant-based protein market is estimated at USD 18.5billion in 2019 and is projected to reach USD 40.6billion by 2025, at a CAGR of 14.0% during the forecast period. Consumers are focused toward a better understanding of the provenance of their food and avoid products deemed unnatural or unhealthy. These “clean” eating trends, driven primarily by millennials, favor foods that are healthy,...