Plant Proteins Poised to Take Third of Market by 2054

With the growing interest in plant-based eating, the number of delicious vegan meat alternatives on the market continues to rise.

Marketwired reports, “Growth of alternative protein sources is poised to accelerate, potentially claiming up to a third of the protein market by 2054, profoundly affecting agriculture, food technology, and end products, according to Lux Research.

“Consumer preference, concerns over the planet’s ability to produce sufficient meat, impact of livestock agriculture on the environment, and mounting scientific advances are driving the changing protein demand,” said Camilla Stice, Lux research analyst.

And the demand is indeed changing. In fact, earlier this month, Main highlighted a decrease in American beef consumption as well as a growing market for vegetarian options at chains like Chipotle and White Castle, with millennials at the forefront of this increasing demand.

In addition, private investors are putting millions into food startups like Beyond Meat and Hampton Creek Foods.

As the popularity of vegan foods grows, more and more delicious options are hitting store shelves all the time. But with the amazing variety of products already on the market, there’s never been a better time to ditch meat.

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Photo: The All-American Stack from Veggie Grill