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Market & Trends

Ernst & Young Study Defies Plant-Based Market Decline, Anticipates Global Growth to Soar from $16.5 to $139 Billion by 2035

A recent study conducted by Ernst & Young projects substantial, global growth in plant-based protein sales by 2035. According to the report, global plant-based meat sales are anticipated to soar from $16.5 billion in 2021 to $139.4 billion by 2035, representing a compound annual growth rate (CAGR) of 16.5 percent.  Funded by Protein Industries Canada, the study leverages data from the Food and Agriculture Organization, Good Food Institute, and other third-party sources to examine factors impacting the plant-based protein market, including increased price sensitivity, tight labor markets, higher preference for healthy foods and rapid growth in emerging markets.  Despite the short-term economic challenges, Bill Greuel, CEO of Protein Industries Canada, remains optimistic about the long-term prospects of the plant-based meat sector. He comments, “It’s been challenging …


Eben Bayer headshot

Eben Bayer, image supplied


Op Ed: Eben Bayer, CEO, MyForest Foods, On What Lies Ahead for Plant-Based Meat

Eben Bayer, founder and CEO of Ecovative Design and MyForestFoods Co. (previously Atlast) is one of the most prominent voices in the world of mycelium. In this opinion piece, Bayer urges that for plant-based meat, the best is yet to come: “The current landscape does not spell trouble for most companies in the space. In fact, history promises that we’re just getting started,” he encourages. Plant-Based Meat Industry: The Best is Yet To Come By Eben Bayer The plant-based market has been sparking something that can only be described as ‘headline whiplash’ lately. Contradicting messages splash across our screens, from “save the world” potential to “this too shall pass” doom and gloom. So, which one is it?  As a long-time problem solver and innovator, I’ve …