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How big is the plant-based protein market?

How big is the plant-based protein market?

The market value for plant protein is forecast to be 15.6 billion U.S. dollars in 2026. Compared to the 10.3 billion the market was estimated to be worth in 2020. This would constitute an increase of close to five billion U.S. dollars.

How big is the plant-based market?

Global retail sales of plant-based food alternatives may reach $162 billion by 2030 — up from $29.4 billion in 2020, according to a new report from Bloomberg Intelligence, “Plant-Based Foods Poised for Explosive Growth.” With that figure, the projected plant-based food market would comprise 7.7\% of the global protein …

How big is the protein market?

The protein market continues to present strong growth opportunities for the food industry. Projections suggest that the worldwide market for protein ingredients (plant and animal based) is set to grow to over 70 billion U.S. dollars by 2025, increasing massively from the 2020 figure of 52 billion U.S. dollars.

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How big is the alternative protein market?

Alternative Protein Market to Reach $27.05 Billion by 2027- Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

How big is the US meat market?

What is the market size of the Meat Markets industry in the US in 2021? The market size, measured by revenue, of the Meat Markets industry is $6.9bn in 2021.

How big is the plant-based market in the US?

Plant-based foods in the U.S. are a $7 billion market. Plant-based products are a key driver of sales growth at grocery retailers nationwide, growing almost twice as fast as overall food sales.

Which is richest source of protein?

Here is a list of 20 delicious foods that are high in protein.

  1. Eggs. Whole eggs are among the healthiest and most nutritious foods available.
  2. Almonds. Almonds are a popular type of tree nut.
  3. Chicken breast. Chicken breast is one of the most popular protein-rich foods.
  4. Oats.
  5. Cottage cheese.
  6. Greek yogurt.
  7. Milk.
  8. Broccoli.

How big is the protein market in Australia?

USD90.69 million
Australia protein supplement market was valued at USD90. 69 million in 2020 and is expected to grow at a CAGR of 5.19\% during the forecast period 2021-2026 to reach around USD121. 09 million by 2026.

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How big is the alternative meat industry?

portland, or, June 17, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global meat substitute market was pegged at $4.51 billion in 2019 and is estimated to hit $8.82 billion by 2027, registering a CAGR of 7.2\% from 2021 to 2027.

What is a good protein replacement for meat?

How to get protein without the meat

  • Pulses. Pulses are an inexpensive protein choice, are high in fibre and a source of iron.
  • Soya beans.
  • Quinoa.
  • Nuts.
  • Seeds.
  • Cereals and grains.
  • Quorn™
  • Dairy.

Which is the largest meat market in USA?

One of the biggest product segments of Tyson Foods is fresh and processed chicken meat. Of all the companies in the U.S. processed chicken market, Tyson generated the highest level of sales. The United States is one of the top meat producers in the world….

Characteristic Sales in billion U.S. dollars

What is the market size of the plant-based protein market?

80\% of fortune 2000 companies rely on our research to identify new revenue sources. [216 Pages Report] According to MarketsandMarkets, the global plant-based protein market size was valued at USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2\% during the forecast period.

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How many organic protein producers are there in the world?

In 2018, 2.8 million organic producers were reported globally, and India continues to be dominant with the highest number of producers. Growth of the organic food products market is also expected to boost the growth of the organic plant-based protein ingredients market.

Which region is expected to dominate the pea protein market?

This is attributed to the growing usage of pea protein in food industry and innovation in the technologies used for extraction of plant-based protein. North America region accounted for the largest market share in the global market.

Where do plant-based proteins come from?

Soy, wheat, and pea are among the prominent sources used in the processing and production of plant-based proteins and are produced primarily in countries such as Brazil, the US, Canada, China, and India. These countries also represent a key portion of the demand for plant-based food & beverages among consumers.