Green Growth: Plant-Based Protein Market Blossoms to US$ 42.55 Billion by 2034
The global plant-based protein market size is estimated to be worth US$ 18.64 billion in 2024. The market valuation is projected to surpass US$ 42.55 billion by 2034, registering a healthy CAGR of 8.6% during the forecast period.
As productivity in the food and beverage industries rises, the market for plant-based proteins will expand considerably. The global market for plant-based proteins is divided into soy, wheat, pea, potato, rice, canola, corn, and other product categories based on the kind of protein present. Soy protein is expected to lead the plant-based protein industry.
According to the report, the rising prevalence of health conditions like as diabetes, high blood pressure, and obesity is encouraging people to adopt better lifestyles. As a result, there is an increased need for plant-based protein nutritional supplements and meals.
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