The 2020 Future Food Asia conference has revealed Thai startup Let’s Plant Meat and Japan-based plant protein supplier Daiz as winners of Asia’s Plant Protein Award. The prizes were awarded on the basis that both companies not only produce in Asia, but also specifically target the Asian consumer.
Vegan Flavor Market Gains Momentum Driven by Health Awareness of Plant-Based Diets
There is a growing demand for vegan-friendly options in the world of flavors. According to a recent report by Fact.MR, the vegan flavor market is expected to reach $18,324.3 million by 2034, with a projected CAGR of 5.2% from 2024 to 2034. One of the key drivers of the growth is the increasing awareness of the health benefits associated with plant-based diets. Additionally, growing concerns about environmental sustainability and animal welfare are prompting consumers to opt for vegan products, boosting the demand for vegan flavors. Interestingly, the increasing exposure to diverse global cuisines, which feature plant-based ingredients and flavors, also influences the market’s growth. North America and China In this scenario, the vegan flavor market in North America is expected to experience robust growth in the coming …