Alternative Protein

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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%.

Soy protein ingredients remain in heightened demand in three specific business sectors to due nutritional value, supply-chain stability and protein value.

The “Future Proteins – Sustainable Processing and Packaging” Conference will be located at MULTIVAC’s headquarters in Wolfertschwenden, Germany, on February 1 and 2, 2023.

The company is introducing a new line of plant-based cubed cheeses in New York with plans of further expansion to commercial retail stores in the U.S.

The company has released a new ready-to-eat plant-based protein bar to satisfy confectionary and health and wellness consumer bases.

The companies have begun a joint-venture to bring microalgae-based protein alternative cheese products to global markets by 2023.

The companies have created a dry-oil powdered omega product that is suitable for vegetarian and vegan-friendly diets.

A new industrial production development center is being developed close to Mosa Meat’s existing pilot facility in Maastricht, the Netherlands.

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.

Five new products have been added to the company's New-Meat portfolio, including Redefine Tenderloin and Redefine Striploin premium cuts as well, as an entirely new category of Pulled Meat (beef, lamb and pork).