Pea protein prices in the United States increased by 120%

Published 2021년 10월 10일

Tridge summary

The pea protein market is experiencing a significant surge in demand, with prices rising by 120% in the past year due to the increasing popularity of vegan meat substitutes. This price hike outpaces the increase in prices for beef, pork, and chicken. The shift towards plant-based diets, fueled by the pandemic and the rise in flexitarianism, is driving this trend. Recent studies indicate that a significant portion of consumers are adopting veganism for part of the day, with many planning to continue their consumption of plant-based meat substitutes long-term.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The pea protein market is facing an unprecedented situation, driven by growing consumer demand for vegan meat substitutes. In the last year alone, prices for pea protein have increased by 120%, writes Green Queen. For comparison, the same beef or pork in the United States has risen in price by 10%, chicken - by 6%. The popularity of plant-based foods is growing steadily, and the pandemic has accelerated this trend even further. Consumers are increasingly turning to flexitarianism. For the record: Recent research shows that 42% of consumers worldwide are now vegan ...

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