Alternative Protein

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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).

The breakfast bings will begin rolling out to U.S. grocery stores in November.

The product will be available in nationwide Kroger stores as well as select Albertsons, Raley's and Safeway locations.

Despite the proliferating trend of veganism, meat consumption remains consistent worldwide. Today, the intake stands at around 350 million tons annually. A reliable source anticipates global meat consumption to reach between 460 million to 570 million tons by 2050. 

AcreMade developed an egg substitute made from PURIS' yellow field peas.

The company has partnered with Luiten Foods to bring its cell-cultured Wagyu Beef to more than 25 European countries by 2025 with sustainability and climate as main motivations.

Consumers’ march toward alternative proteins continues, but there’s a caveat to making the switch.

The new product is a result of the company's recently filed patent for 3D-bioprinting technology which allows high levels of marbling control within a consolidated structure.

According to a recent report by Fact.MR, sales of vegan eggs are expected to reach a value of close to $3.3 billion by 2031.