Plant-Based Options Making Waves In Protein Ingredient Market

London — Driven by consumer demand for more of the nutrient, the global market for protein ingredients is growing and plant-based options are threatening to overtake protein derived from animals, according to Infiniti Research.

While the overall market is anticipated to grow around 6 percent, compounded annually through 2020, plant-protein ingredient sales are expected to increase more than 7 percent, compounded annually, through the period, Infiniti Research reports. Animal options currently have a 55 percent market share, but plant-based proteins are expected to account for 47 percent of the market by 2020.

One factor driving this projection is plant-based proteins’ additionally benefits, such as more fiber than animal proteins, according to the research firm.