A range of different legumes

© Equinom

Market & Trends

Plant-Based Protein Products Market to See Rapid Growth, With Particular Success for Pea Protein

A new report by USD Analytics has estimated that the plant-based protein products market will register a CAGR of 8.1% over the forecast period 2024-2030. The report considers the growth of meat alternatives as well as tofu, tempeh, legumes, pulses, nuts, seeds, and protein-rich grains. The key market drivers are health and wellness trends, the growth of vegetarianism and veganism, and environmental concerns. Creative marketing strategies by plant-based companies, promoting their products as healthier, more ethical, and more sustainable than animal foods, will also boost growth. As demand increases, companies are increasingly innovating and diversifying their plant-based product lines to meet consumer preferences. Meanwhile, manufacturers are investing in R&D to improve the properties of meat and dairy alternatives, working to close the sensory gap. For …

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KLIMON Cherry Bomb Ice Cream

©KLIMON

Market & Trends

Vegan Ice Cream Market to Grow With 12.8% CAGR as Consumers Adopt More Ethical Values

A new report by USD Analytics has predicted that the vegan ice cream market will grow with a CAGR of 12.8% through to 2032. The market will be driven by the increased adoption of plant-based lifestyles, along with a shift in consumer values towards more ethical and sustainable products. Furthermore, many consumers now perceive vegan ice cream as healthier than dairy options, and growing awareness of lactose intolerance is also boosting sales. Markets across the Asia Pacific, Europe, and the Americas are all expected to see significant growth. To capitalize on this market growth, the report suggests that manufacturers should offer a diverse range of flavors and textures, using ingredients such as nut butters, coconut milk, and fruit purees. This will help vegan ice creams …

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Smoocht

©Smoocht

Market & Trends

Global Vegan Dessert Market to Be Worth $6.2Bn by 2030

According to a report by USD Analytics, the global vegan dessert market is expected to grow with a CAGR of 10.5% through to 2030, increasing in value from $3.4 billion to $6.2 billion. Plant-based diets are increasingly seen as a healthy and sustainable option, and this is leading to rising demand for vegan desserts. Growth will be further increased by advancements in food technology, which are improving the quality of plant-based products. Vegan desserts are also becoming more accessible, with supermarkets and restaurants offering more options. Additionally, the use of specialty ingredients is helping to set plant-based desserts apart from conventional ones; for example, producers may include functional ingredients and superfoods such as matcha, turmeric, and hemp, or healthier sweeteners like date syrup, maple syrup, …

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