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Plant based food industry
- Food For Sale
Plant based food industry
Plant based food industry trends and the evolving consumer preferences keeps the food processing experts work in overdrive. It is a dynamic market with substantial demands. Thus far, food industry executives are watching plant based and meat free foods gain popularity. The plant based industry is at the heart of the growing vegan and vegetarian food movements. In fact, there is a growing number of ‘flexitarians’ too.
So, the experts are exploring solutions with technology to support plant based food business. A new report finds there is an unprecedented growth found in the plant-based food industry. Particularly in the plant-based meat and dairy sectors. The report is predicting the plant-based food industry to exceed AUD$162 billion in the next decade. Stakeholders are ready to support the growth. They offer decades of food processing experience and expertise.
People are turning to veganism for health and ethical reasons. Other consumer groups are moving to vegetarian ingredients too. Their motive is to avoid animal cruelty. Thus they choose to consume sustainable food and drinks. So far, plant based meat is an integral part of a vegan diet. Simultaneously the adoption of a vegetarian lifestyle that is lacking animal-based foods are the norm.
Soy as raw material is the king. It consists of all the nine amino acids. These are so important for the growth of the human body. In fact, soy has the ability to enhance the water absorption, solubility and emulsification. Furthermore, it’s viscosity, anti-oxidant and texture properties are most likely to drive the demand for soy over the years. Thus far, the diversity of plant-based meat products continue to grow.
Plant based meat
So, the demand for plant-based chicken, pork and seafood is on the rise. This trend is followed by plant-based beef. Thus far, the refrigerated plant-based meat is experiencing exponential growth. It is likely to continue growing over the period to 2030. So, it is showing a shift in product innovation as well as merchandising strategies across the market.
During the COVID-19 pandemic, there was major shift in the food supply chain. In fact, there were interruptions of critical inputs and limited access to production spaces. Moreover, disrupted distribution of products was challenging. Despite these constraints stakeholders continued to launch new products to grow sales. It is one of the most crucial trends in the food market today. For example, meat and dairy-free products are helping to food options to the ever growing flexitarian market.
Since most plant-based foods are highly processed, questions arise if they can bring the same nutritional benefits. Therefore, they inevitably may have some pitfalls due to being ultra-processed foods. So, despite its popularity many consumers complain about its ultra-processed state. Traditional meat and dairy foods provide many health benefits. Another important question is how plant-based foods will help to make a transition to a sustainable food system. Perhaps the most important question.
Plant-based dairy products such as oat, nuts and say beverages are well established category. They are commonly merchandised along with cow’s milk. It continues to gain market share. So, consumers are sliding towards alternative proteins. It may be for a range of reasons. Thus far, reasons may be ethics, flavour or wellness.