Nepra

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."

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 .

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.

Rising Plant-Based and Alternative Protein Investments Driving Innovation at a Rapid Pace

Retrieved on: 
Friday, March 4, 2022

TruVail ingredients are sourced from Benson Hill's proprietary Ultra-High Protein (UHP) soybeans, reducing the need for additional processing steps typically required to concentrate protein levels.

Key Points: 
  • TruVail ingredients are sourced from Benson Hill's proprietary Ultra-High Protein (UHP) soybeans, reducing the need for additional processing steps typically required to concentrate protein levels.
  • "We are thrilled that Merit's best-in-class protein ingredients will be utilized in these unique and sustainable high-quality meat alternative applications," said Burcon's President and CEO Johann F. Tergesen.
  • "Our products are plants made meatier, and deliver the same delicious flavors, in a better-for-you alternative," said David Ervin, VP of marketing at Raised & Rooted.
  • "We are excited to provide people with satisfying alternative protein options perfect for any occasion."

Rising Plant-Based and Alternative Protein Investments Driving Innovation at a Rapid Pace

Retrieved on: 
Friday, March 4, 2022

VANCOUVER, BC, March 4, 2022 /PRNewswire/ --  USA News Group  -  Innovations in plant-based meat and protein sources, dairy and egg alternatives, cultivated meat and alternative protein fermentation are all on the rise, thanks to rapidly growing investment in the sector. According to the Good Food Institute, in 2021, investment in these types of companies reached $5.1 billion, up by a whopping 61% from 2020's investment of $3.1 billion. Governments across multiple countries have also been increasing their investments in plant proteins, such as Australia kicking in AU$378 million (~US$277.6 million) to transform South Australia into a plant-protein manufacturing powerhouse, Canada committing to $100 million for Canada's plant-based industry, and the European Union pledging €10 Billion (~US$11 billion) as part of a larger green transition plan with a focus on plant-based proteins. But it's the private sector that seems to be moving forward the most innovations, including companies such as Nepra Foods (CSE: NPRA) (OTCQB: NPRFF), Benson Hill, Inc. (NYSE: BHIL), Burcon NutraScience Corporation (NASDAQ: BRCN) (TSX: BU), Oatly Group AB (NASDAQ: OTLY), and food giant Tyson Foods, Inc. (NYSE: TSN).

Key Points: 
  • TruVail ingredients are sourced from Benson Hill's proprietary Ultra-High Protein (UHP) soybeans, reducing the need for additional processing steps typically required to concentrate protein levels.
  • "We are thrilled that Merit's best-in-class protein ingredients will be utilized in these unique and sustainable high-quality meat alternative applications," said Burcon's President and CEO Johann F. Tergesen.
  • "Our products are plants made meatier, and deliver the same delicious flavors, in a better-for-you alternative," said David Ervin, VP of marketing at Raised & Rooted.
  • "We are excited to provide people with satisfying alternative protein options perfect for any occasion."