Global Plant-based Protein (Soy, Wheat, Pea, Potato) Market Forecast to 2031
DUBLIN–(BUSINESS WIRE)–The “Global Plant-based Protein Market by Type (Soy Proteins, Wheat Proteins, Pea Proteins, Potato Proteins), Form (Solid, Liquid), Source Process (Conventional, Organic), and Application (Food and Beverages, Animal Feed, Nutritional Supplements) – Forecast to 2031” report has been added to ResearchAndMarkets.com’s offering. The plant-based proteins market is projected to reach $26.45 billion by 2031, at a CAGR of 8.4% during the forecast period 2024-2031 The growth of this market is driven by the rising need for protein-rich diets, growing health and wellness trends, increasing consumer focus on meat alternatives, rising demand from the food & beverage industry, and advancements in ingredient technologies, such as microencapsulation. However, consumers’ preference for animal-based products and fluctuating raw material prices are expected to hinder the growth of this …