Ingredients and food and beverage products based on plant protein sources.
Despite being the key near-term opportunity for industry players, the plant protein space has been witnessing a plateau since Q4 of 2022. Hot on its tail is innovation in mycoproteins that are poised to enter the market in 2023. New plant sources will also be a factor in future innovation. Second-generation crops like chickpeas, fava beans, sunflowers, lupines, and peas will grow in popularity.
Cocuus partners up with Foody's to industrialize 3D-printed plant-based meat (May 17, 2023)
Bel Group partners with AI-driven Climax Foods to create plant-based cheese (April 18, 2023)