Plant Protein Market

• PawCo Foods (a plant-based pet food company) is growing 1,000% year over year.
• According to the latest report from MarketsandMarkets, the global alternative protein market is estimated to be $15.7 billion in 2024   and is expected to reach $25.2 billion by 2029.
• Australian company Flexitarian Foods has an exclusive agreement with Woolworths to sell plant-based meat products at a discounted price. They hope to win the market with low prices.
• Axiom Foods increases production capacity of organic rice protein.
• Louis Dreyfus Company establishes a new business unit for global legume commercialization to seize the commanding heights of plant protein.
• Golden Fields Alternative Proteins, in collaboration with Schule Muhlenbau, promote plant protein production.
   

Plant Protein Products Plan

• Shiru collaborated with Ajinomoto (Ajinomoto Health & Nutrition North America, Inc.) to develop sweet proteins that could replace sugar.
• Plant-based company Chunk Foods has teamed up with deli Pastrami Queen to launch a new plant-based pastrami.
• Violife announced the launch of Violife Creamy Supreme, an improved formulation of its plant-based cream cheese product. The taste and texture of Violife Creamy Supreme are  now fuller and creamier than before because of the addition of lentil protein.
• Vivera has launched a new product,plant-based chicken nuggets, with added soy protein.
• Showa Sangyo Co. has developed the "HMSP" series of high-water plant protein foods. The series of products uses a unique process to make soy protein into ribbon, which not only retains the natural nutritional value and original flavor of soybeans but also gives users creative applications in shape and texture.

The Plant Protein Research Progress

• Bioenergy Life Science has found that adding 1% Bioenergy Ribose to vegan meat can improve the taste and restore the texture.

• Researchers in China have mixed different vegetable proteins and extruded them to create artificial meat with different texture structures and characteristics.