Report: Global Pea Protein Market Valued at $575 million, Estimated to Grow to $1.1 Billion by 2028

The global pea protein market is currently valued at over half a billion dollars, and is expected to grow substantially in the coming years.

pea protein marketThis is according to a new report conducted by Research and Markets. The report shows that the current pea protein market is worth $575 million as of 2022, a significant increase from the $350 million market valuation in 2017.  Pea protein, of course, is used in many modern vegan meat alternatives such as Beyond Burger.

The analysis estimates that the market will grow to $1.1 billion by 2028, roughly double its current value. This would represent a compound annual growth rate of 12% during the 2022 to 2028 periods.
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JUST Egg Introduces Just EGG Meals

The makers of JUST Egg have announced the launch of their new JUST Egg Meals, which they call “sustainable and chef-quality”.

“Developing innovative and delicious new ways to eat Just Egg is at the core of what our team does every day, and I’m immensely proud of this new product because it gives people a simple and quick way to enjoy a wholesome and flavourful plant-based meal to start the day”, says Nate Park, director of product development for Just Egg. “We were thrilled to partner with Fly By Jing to add a bold, savoury spice to the dish, which ties it all together.”

The new product is made with simplicity in mind: All you need to do is toss the frozen meal in a skillet for a few minutes. The initial offering (with more to come) is Chili Crisp which contains pieces of JUST Egg along with sugar snap peas, roasted red pepper and carrots, all mixed with Fly By Jing’s sauce.
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Non-Dairy Yogurt Market Worth $4.21 Billion, to Nearly Double by 2027

The global market for non-dairy yogurt grew from $3.62 billion at the start of 2022 to $4.21 currently.

This is according to a new report which estimates the market to grow even further to be worth $7.89 billion by 2027, just four years away.

Major players in the non-dairy yogurt market are Hain Celestial, Danone, General Mills Inc., Stonyfield Farm Inc., Daiya Foods Inc., Whitewave Foods Company Inc., COYO Pty Ltd., Chobani LLC, Valio Ltd., Nestlé SA, Good Karma Foods Inc., Hudson River Foods, Kite Hill, GT’s Living Foods LLC, The Kroger Co., Epigamia, Blue diamond, Coconut Grove Yogurt, and Crunch Culture, states the report.
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So Delicious Announces New Line of No Sugar Added Vegan Yogurt

So Delicious Dairy Free, a leader in dairy-free products for more than thirty years, has announced the launch of its newest innovation: new 0g Added Sugar Coconutmilk Yogurt Alternative. 

So Delicious 0g Added Sugar Coconutmilk Yogurt Alternative is “revolutionizing the yogurt aisle as one of the first yogurt alternatives to derive its sweetness from fruit”, states a press release. As one of the first brands to launch this type of product, So Delicious is “uniquely positioned to grow the segment with lower sugar offerings.”

“We know that consumers are looking for great-tasting yogurt offerings, especially coconutmilk yogurt alternatives, that don’t come with added sugar ,” said Luisa Robinson, Senior Director of Yogurt Innovation at Danone North America. “With our expertise in dairy-free and coconutmilk products, the So Delicious brand is uniquely poised to meet this demand. Already, this has been Danone North America’s best-performing launch in the plant-based yogurt category, highlighting the clear consumer appetite for a product like this on shelves.”
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Impossible Foods Launches “Beef Lite”

Today Impossible Foods expanded its plant-based meat portfolio with a leaner version of its flagship Impossible Beef product: Impossible Beef Lite.

impossible beef lite According to a press release, Impossible Beef Lite is designed to be better than lean ground animal beef, featuring 21 grams of protein, no trans fat or cholesterol, and 75% less saturated fat as well as 45% less total fat than 90/10 lean beef from cows. The nutrient-packed product is also a good source of fiber, iron, B vitamins, zinc, and potassium while featuring 33% less sodium than a competitor’s plant-based beef product.

“Impossible Beef Lite tastes, cooks and satisfies like lean ground animal beef, and makes for a flavorful, high-protein addition to numerous dishes like tacos, chilis, stir-frys, soups, and classic lasagna”, says Impossible.
“And like all Impossible Beef products, Impossible Beef Lite is a better choice for the planet than lean ground beef from cows — amounting to a fraction of the land use, water consumption, and greenhouse gas emissions.”
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After 3 Years of Development, OCHO Candy Perfects Vegan Caramel

When OCHO Candy started work on their plant-based caramel formula, they had no idea it would take them over 3 years to perfect.

“We had no clue what we were getting ourselves into,” said Pat Rebro, the company’s Research & Development lead. “All we knew was that vegan and dairy-free consumers deserved a better caramel experience, and we weren’t going to stop tinkering until we found a vegan alternative that tasted like traditional caramel.”

3 years and dozens of recipes later, OCHO Candy’s new line of plant-based caramels is finally hitting shelves. The line – which contains Classic, Cinnamon, Coffee, and Chocolate flavors – fills a snappy dark chocolate shell with gooey caramel to create an indulgent bite-sized treat.
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Hershey Announces Nationwide Launch of Vegan Reese’s Peanut Butter Cups and Hershey’s Chocolate Bars

The Hershey Company announced in a press release that their new Reese’s Plant-Based Peanut Butter Cups is launching nationwide this month.

hershey plant-basedThe company also announced the forthcoming launch of Hershey’s Plant Based Extra Creamy with Almonds and Sea Salt, which will have a nationwide rollout in April. Both products are made using oat milk.

The vegan peanut butter cups will contain sugar, peanuts, cocoa butter, chocolate, oat flour, rice flour, dextrose and contains 2% or less of sea salt, soy lechitin, natural flavor and rosemary extract. The two cups (39 grams) contain 210 calories, 14 grams of fat, 15 grams of sugar and 3 grams of protein.
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Global Dairy Alternative Market Valued at $22 Billion, Anticipated to Grow to $61 Billion by 2029

According to a new report by Fortune Business Insights, the global market for dairy alternatives is valued at an eye-opening $22.25 billion.

Even more eye-opening is the report’s prediction that this number will almost triple by 2029, growing to $61.43 billion. This would be a compound annual growth rate of 13.58% between 2022 and 2029.

“The market is anticipated to grow significantly over the forecast period due to rising concerns for processed dairy products and increasing lactose intolerant population”, states the report. “Furthermore, product innovation strategies implemented by the leading market players are expected to fuel the market growth. Also, the rising consumption of vegan food and increasing veganism are expected to bolster the market during the forecast period.”
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