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Plant-Based Food Ingredients Market Size Is Estimated To Reach $12.3 Billion By 2030

Retrieved on:

Wednesday, March 8, 2023

PALM BEACH, FL, March 8, 2023 /PRNewswire/ -- Unlike many markets, the outbreak of the pandemic has positively affected the global plant-based food ingredients market, owing to rise in health consciousness, especially among people after COVID-19. People are dynamically changing their preferences from conventional food to organic, Plant-based and clean label foods & beverages products. Plant-based food ingredients are extracted from fruits, vegetables, plant roots and other parts of the plant. It is majorly used in a certified Plant-based food & beverages. Food ingredients are any substances that can be added to get a desired effect in foods & beverages. It is added to food to impart specific functional qualities such as sweeteners, which are added to get desired sweetness and preservatives to retard spoilage, whether from microbial growth or undesirable chemical changes. Rise in adoption for vegan culture, growing health conscious among people and increase in concerns for animal welfare are some of the major attributes influencing demand for Plant-based foods. This propels growth of the Plant-based food ingredients market. A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. Active Companies in the markets today include Nepra Foods Inc. (OTCPK: NPRFF) (CSE: NPRA), Tattooed Chef, Inc. (NASDAQ: TTCF), Beyond Meat, Inc. (NASDAQ: BYND), Oatly Group AB (NASDAQ: OTLY), ELSE NUTRITION HOLDINGS INC. (OTCQX: BABYF) (TSX: BABY).

Key Points:

This propels growth of the Plant-based food ingredients market.
A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030.
The Allied market Research report said: "According to the plant-based food ingredients market trend, on the basis of type, the emulsifiers segment was the highest contributor to the market, with $738.4 million in 2020, and is estimated to reach $2,305.0 million by 2030, at a CAGR of 11.8% during the forecast period.
According to the Plant-based food ingredients market opportunities, Region wise, North America garnered a considerable share in the market… and is expected to maintain its share throughout the plant-based food ingredients market forecast period."

Plant-Based Food Ingredients Market Size Is Estimated To Reach $12.3 Billion By 2030

Retrieved on:

Wednesday, March 8, 2023

PALM BEACH, FL, March 8, 2023 /PRNewswire/ -- Unlike many markets, the outbreak of the pandemic has positively affected the global plant-based food ingredients market, owing to rise in health consciousness, especially among people after COVID-19. People are dynamically changing their preferences from conventional food to organic, Plant-based and clean label foods & beverages products. Plant-based food ingredients are extracted from fruits, vegetables, plant roots and other parts of the plant. It is majorly used in a certified Plant-based food & beverages. Food ingredients are any substances that can be added to get a desired effect in foods & beverages. It is added to food to impart specific functional qualities such as sweeteners, which are added to get desired sweetness and preservatives to retard spoilage, whether from microbial growth or undesirable chemical changes. Rise in adoption for vegan culture, growing health conscious among people and increase in concerns for animal welfare are some of the major attributes influencing demand for Plant-based foods. This propels growth of the Plant-based food ingredients market. A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. Active Companies in the markets today include Nepra Foods Inc. (OTCPK: NPRFF) (CSE: NPRA), Tattooed Chef, Inc. (NASDAQ: TTCF), Beyond Meat, Inc. (NASDAQ: BYND), Oatly Group AB (NASDAQ: OTLY), ELSE NUTRITION HOLDINGS INC. (OTCQX: BABYF) (TSX: BABY).

Key Points:

This propels growth of the Plant-based food ingredients market.
A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030.
The Allied market Research report said: "According to the plant-based food ingredients market trend, on the basis of type, the emulsifiers segment was the highest contributor to the market, with $738.4 million in 2020, and is estimated to reach $2,305.0 million by 2030, at a CAGR of 11.8% during the forecast period.
According to the Plant-based food ingredients market opportunities, Region wise, North America garnered a considerable share in the market… and is expected to maintain its share throughout the plant-based food ingredients market forecast period."

Norwegian Public Roads Administration Selects Trimble for Asset Lifecycle Management

Retrieved on:

Tuesday, January 10, 2023

NPRA, Innovation, Trimble, Software, TRMB, Transport, Public sector, Norwegian Public Roads Administration, Quadri, Maintenance (technical), Federal Highway Administration, BIM, Diagnosis, Risk management, Asset management, Maintenance

WESTMINSTER, Colo., Jan. 10, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that Norwegian Public Roads Administration (NPRA) Operations and Maintenance has selected Trimble's AgileAssets® infrastructure enterprise asset management software to manage, maintain and operate the country's 10,600-km road network and associated transportation infrastructure. The selected software complements Trimble's Quadri® software, a cloud-based Building Information Modeling (BIM) collaboration solution that NPRA already uses for construction projects. As Norway's road network becomes increasingly complex, the powerful combination of Trimble's Quadri and AgileAssets will enable NPRA to meet growing demands by leveraging connected data to improve performance throughout the entire asset lifecycle, from design and construction to operations and maintenance.

Key Points:

Technology Ecosystem Connects Data Across the Asset Lifecycle for More Efficient Maintenance, Informed Decision-Making and Lower Lifetime Costs
WESTMINSTER, Colo., Jan. 10, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that Norwegian Public Roads Administration (NPRA) Operations and Maintenance has selected Trimble's AgileAssets ® infrastructure enterprise asset management software to manage, maintain and operate the country's 10,600-km road network and associated transportation infrastructure.
NPRA's asset lifecycle management approach began with the requirement that all new projects use constructible models and a common data environment.
The combination of Trimble's common data environment and asset management software will also improve the usefulness and fidelity of data throughout the asset lifecycle, driving greater predictability, sustainability and lower lifetime costs, as well as informing decisions about future expansions and improvements.
NPRA has been a pacesetter in digital adoption and serves as a model for other agencies looking to improve performance, cost-effectiveness and sustainability through asset lifecycle management."

Many Billions in Plant-Protein Infrastructure Investment Needed to Meet 2030 Demand

Retrieved on:

Thursday, March 17, 2022

Beyond just faux meat, the meatless protein industry expands into other segments, including snacks and wholesale ingredients for Consumer Packaged Goods (CPGs).

Key Points:

Beyond just faux meat, the meatless protein industry expands into other segments, including snacks and wholesale ingredients for Consumer Packaged Goods (CPGs).
In 2020, the plant-based food market totaled $29.4 billion , and according to Statistait's expected to grow to $77.8 billion by 2025.
Back then, Campbell's Senior Vice-President, Carlos Barroso, said the company was "literally scouring the earth"to find new sources of protein.
"Additionally, we are partnering with Post to make new, innovative plant-based items that will further grow this exciting market segment."

Many Billions in Plant-Protein Infrastructure Investment Needed to Meet 2030 Demand

Retrieved on:

Thursday, March 17, 2022

VANCOUVER, BC, March 17, 2022 /PRNewswire/ -- USA News Group - Despite garnering a record $5 billion in disclosed investments in 2021, the rapidly growing sustainable protein industry still will need approximately $27 billion more in plant-based ingredients infrastructure in place to meet 2030 demand, according to the Good Food Institute. Beyond just faux meat, the meatless protein industry expands into other segments, including snacks and wholesale ingredients for Consumer Packaged Goods (CPGs). Innovation and investment continues to gain momentum in the sector, including recent updates from groups such as as Nepra Foods (CSE:NPRA) (OTCQB:NPRFF), Campbell Soup Company (NYSE:CPB), Hormel Foods Corporation (NYSE:HRL), General Mills, Inc. (NYSE:GIS), and Post Holdings, Inc. (NYSE:POST).

Key Points:

Beyond just faux meat, the meatless protein industry expands into other segments, including snacks and wholesale ingredients for Consumer Packaged Goods (CPGs).
In 2020, the plant-based food market totaled $29.4 billion , and according to Statistait's expected to grow to $77.8 billion by 2025.
Back then, Campbell's Senior Vice-President, Carlos Barroso, said the company was "literally scouring the earth"to find new sources of protein.
"Additionally, we are partnering with Post to make new, innovative plant-based items that will further grow this exciting market segment."

Plant Based Food Alternatives Expected to Continue to Gain Popularity as the Market is Thriving

Retrieved on:

Thursday, March 17, 2022

The growth in this market is mainly attributed to the increasing incidence of intolerance for animal proteins, nutritional benefits offered by plant-based food, increasing vegan population, and venture investments in plant- based food.

Key Points:

The growth in this market is mainly attributed to the increasing incidence of intolerance for animal proteins, nutritional benefits offered by plant-based food, increasing vegan population, and venture investments in plant- based food.
Moreover, emerging economies provide significant opportunities for players operating in the global plant-based food market.
As IRI forecast in a recent dairy report , many of those items will finally hit shelves later in 2022.
Dairy alternatives are also gaining traction across new retail categories and enjoying boosts within the thriving coffee shop sector .

Plant Based Food Alternatives Expected to Continue to Gain Popularity as the Market is Thriving

Retrieved on:

Thursday, March 17, 2022

The growth in this market is mainly attributed to the increasing incidence of intolerance for animal proteins, nutritional benefits offered by plant-based food, increasing vegan population, and venture investments in plant- based food.

Key Points:

The growth in this market is mainly attributed to the increasing incidence of intolerance for animal proteins, nutritional benefits offered by plant-based food, increasing vegan population, and venture investments in plant- based food.
Moreover, emerging economies provide significant opportunities for players operating in the global plant-based food market.
As IRI forecast in a recent dairy report , many of those items will finally hit shelves later in 2022.
Dairy alternatives are also gaining traction across new retail categories and enjoying boosts within the thriving coffee shop sector .

Nepra Foods Inc. Announces Overnight Marketed Offering

Retrieved on:

Thursday, March 10, 2022

VANCOUVER, BC, March 10, 2022 /CNW/ - Nepra Foods Inc. (the "Company" or "Nepra") (CSE: NPRA) (FSE: 2P6) (OTCQB: NPRFF), creator of nutritious plant based and allergen-free food, is pleased to announce that it has filed a preliminary short form prospectus, without pricing (the "Prospectus"), in connection with an overnight marketed public offering (the "Offering") of units of the Company ("Units") for gross proceeds of a minimum of $3,000,000.

Key Points:

VANCOUVER, BC, March 10, 2022 /CNW/ - Nepra Foods Inc. (the "Company" or "Nepra") (CSE: NPRA) (FSE: 2P6) (OTCQB: NPRFF), creator of nutritious plant based and allergen-free food, is pleased to announce that it has filed a preliminary short form prospectus, without pricing (the "Prospectus"), in connection with an overnight marketed public offering (the "Offering") of units of the Company ("Units") for gross proceeds of a minimum of $3,000,000.
There can be no assurance as to whether or when the Offering will be completed, or as to the actual size or terms of the Offering.
Each Underwriters' Warrant will entitle the holder thereof to purchase one Unit at an exercise price equal to the offering price of Units sold in the Offering for 36 months from the date of closing of the Offering.
Nepra Foods is on a mission to make healthy, enjoyable food for everybody.

The Market is Signaling More Innovation to Come in Alternative Proteins Products

Retrieved on:

Wednesday, March 9, 2022

One of the benefactors of the plant-based investments of 2021 was Nepra Foods (CSE:NPRA) (OTC:NPRFF) who secured an oversubscribed IPO late in the year.

Key Points:

One of the benefactors of the plant-based investments of 2021 was Nepra Foods (CSE:NPRA) (OTC:NPRFF) who secured an oversubscribed IPO late in the year.
The company's early successes have been bolstered by the development of a proprietary product known as Textured Hemp ProteinTM (THP).
THP is a nutritious plant-based and allergen-free food, currently used in wholesale ingredients and consumer packaged goods, such as Nepra's PROPASTA line.
In 2020, the plant-based food market totaled $29.4 billion , and according to Statistait's expected to grow to $77.8 billion by 2025.

The Market is Signaling More Innovation to Come in Alternative Proteins Products

Retrieved on:

Wednesday, March 9, 2022

VANCOUVER, BC, March 9, 2022 /PRNewswire/ -- USA News Group - Showcasing data gathered from the PitchBook Data platform, The Good Food Institute (GFI) have revealed that global alternative protein companies secured a record $5 billion in disclosed investments in 2021. GFI's analysis signals a growing appetite for meatless food investments with returns beyond the bottom line. Moving into 2022, new products are hitting shelves and menus, from faux meat, to Consumer Packaged Goods (CPGs), to plant-based protein ingredients, as have been announced by innovators such as Nepra Foods (CSE:NPRA) (OTCQB:NPRFF), The Kroger Co. (NYSE:KR), Danone S.A. (OTCQX:DANOY), The Kraft Heinz Company (NASDAQ:KHC) and PepsiCo, Inc. (NASDAQ:PEP).

Key Points:

One of the benefactors of the plant-based investments of 2021 was Nepra Foods (CSE:NPRA) (OTC:NPRFF) who secured an oversubscribed IPO late in the year.
The company's early successes have been bolstered by the development of a proprietary product known as Textured Hemp ProteinTM (THP).
THP is a nutritious plant-based and allergen-free food, currently used in wholesale ingredients and consumer packaged goods, such as Nepra's PROPASTA line.
In 2020, the plant-based food market totaled $29.4 billion , and according to Statistait's expected to grow to $77.8 billion by 2025.