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- by foodbusinessnews.net
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A ‘new tool’ could accelerate plant-based growth
WESTCHESTER , Ill. — Predictions for the plant-based food category are promising, some bolder than others. MarketsandMarkets, Northbrook, Ill., recently forecast the global plant protein market to have a compound annual growth rate of 7% to reach $14.5 billion by 2025. Kees Kruythoff, chairman and chief executive officer of The Livekindly Collective, New York, has a loftier prediction for plant-based foods: $400 billion to $500 billion in global sales by 2040. Whether such figures are reached will depend on how industry solves taste issues, scales . . .