Cargill's CEO predicts that the growing plant-based industry will cut into the meat market, making it necessary for the meat industry to adapt to alternatives.
Plant Based Protein Supplements Market Size Estimated to Reach $5.86 Billion by 2026 Increasing Prevalence of Lactose Intolerances Has Further Contributed to the Growth of Plant Protein Supplements Market.
BriefingWire.com, 6/09/2021 - Plant Based Protein Supplements Market size is estimated to reach $5.86 Bn by 2026 and is poised to grow at a CAGR of 7.56% during the forecast period 2021-2026. The protein supplements that are processed and derived from various types of plant-based food sources are known as plant based protein supplements. Soy, peas, chickpeas, brown rice and other major plant sources are used as the main ingredients for plant protein supplements. Plant-based protein supplements are the essential macronutrients that helps maintain muscle and bone mass and supports the immune system. Raising awareness of the benefits of healthy food products and the growth in the vegetarian population are among the major factors driving the demand
The plant-based brand Terviva recently teamed up with dairy giant Danone to begin developing plant-based protein products from the Pongamia tree, which resembles the protein of soybeans.