A report by leading market intelligence company Fior Markets expects the vegan protein powder market to reach a value of $13.19 Bn within six years. With a CAGR of 14.01% from 2019 to 2016, consumer demand for vegan protein continues to manifest itself in the numbers.
Plantible: “We Are Talking About a New Form of Farming That Has Never Been Seen on a Commercial Scale”
San Diego-based Plantible Foods uses a leafy green aquatic plant called lemna to produce the nutrient-dense complete protein RuBisCo, also known as Rubi Protein. Requiring ten times less water than soybeans and almost 100 times less than beef, lemna is incredibly sustainable. The plant is grown on aqua farms, meaning it requires no arable land, and takes in ten times more CO2 than a healthy forest. Plantible raised $21.5 million in 2021, taking its total funding to $27 million. Since then, the company has continued to develop new products made with Rubi Protein, launching the egg replacer Rubi Whisk in June of this year. The product can be used in baked goods, gluten-free products, pasta, and other applications. This October, Plantible and its collaborator ICL …