According to a white paper by Innophos, mechanical processes alone aren’t enough for plant-based alternatives to fully replicate the sensory experience of animal-based protein.
There’s no doubt that the plant-based alternative-protein market is growing. While profitability varies from producer to producer, as a whole the market is growing. Markets and Markets says in one report that the global plant-based meat market is projected to increase from $4.3 billion in 2020 to $8.3 billion in 2025, growing at a CAGR of 14.0%.
A new frontier of pet foods based on alternative proteins is on the horizon, but manufacturers have to weigh the rational and irrational facts before committing to a change.
Alternative-protein based foods are in high demand from consumers, so much so that FinancialNewsMedia.com is projecting the global plant-based protein market to be valued at $34.5 billion by 2032—that’s up from $11.3 billion in 2022.
Kerry’s Rome, Georgia, facility is the winner of FE’s 2022 Sustainable Project of the Year. The warehouse-turned production facility recently underwent a $125 million renovation and expansion—all while continuing production safely and achieving sustainability goals.
Renovating a facility to increase its capacity, energy use and water consumption doesn’t sound like it would earn Food Engineering’s 2022 Sustainable Project of the Year, but that’s exactly what Kerry’s coatings and seasonings facility in Rome, Georgia, has done.
After a brief stint in the top spot for PepsiCo, Nestlé reclaimed the mantle of top food and beverage producer by revenue in this year’s Top 100 Food and Beverage Companies. Plus, there was a massive jump in revenue reported by Archer Daniels Midland, giving the company enough to vault into the second spot, pushing PepsiCo down to third.