GIRACT: Plant-based protein components are becoming increasingly indispensable in packaged foods
Source: The DairyNews
Plant-based protein components, particularly those substituting meat, are becoming increasingly indispensable in packaged foods.
And recent study by GIRACT offers a comprehensive analysis of the dynamics fueling this expansion across different sectors and regions. Despite lingering concerns about soy allergens, advancements in soy protein concentrates and textured soy proteins continue to thrive. Additionally, alternative pulse proteins are gaining notable momentum.
Over the last two years, there has been a notable surge in startups entering the protein industry. Noteworthy investments in soy amount to approximately USD 1.4 billion, with major players such as ADM, Bunge, and Fuji Oil leading the charge. Pea protein closely trails behind with investments reaching USD 885 million. GIRACT's report also sheds light on fundraising efforts for insect protein producers, burgeoning yeast protein startups, and investments in various innovative protein sources, amassing to roughly USD 3.2 billion.
Over the last two years, there has been a notable surge in startups entering the protein industry. Noteworthy investments in soy amount to approximately USD 1.4 billion, with major players such as ADM, Bunge, and Fuji Oil leading the charge. Pea protein closely trails behind with investments reaching USD 885 million. GIRACT's report also sheds light on fundraising efforts for insect protein producers, burgeoning yeast protein startups, and investments in various innovative protein sources, amassing to roughly USD 3.2 billion.
