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.