Global Plant Based Protein Market To Reach $16 Billion By 2025

Vegan protein sources are increasingly becoming more mainstream
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Soy protein is forecast to profit the market the most (Photo: Jay Wennington)

Soy protein is forecast to profit the market the most (Photo: Jay Wennington)

The global market for plant-based protein will see a staggering growth in value, which is predicted to reach $16.3 billion by the end of 2025, according to a new report.

Conducted by research firm Persistence Market Research, the comprehensive study identifies the population's shift toward plants-based proteins instead of animal-based proteins as the main growth factor.

Report

The vegan protein market has been projected to grow at a compound annual growth rate [CAGR] of 5.7 percent throughout 2017-2025, say researchers.

The report has evaluated segments including soy, wheat, and peas, as well as beverages, protein & nutritional bars, bakery & snacks.

Among these segments, soy products are expected to profit the market the most, seeing a huge surge in demand.

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