Press Release: April 21, 2020
There is a need for manufacturers to start looking beyond wheat, soy and pea to allow for a more diverse palate of crops to work with - says FutureBridge
Utrecht, The Netherlands, April 21, 2020: Consumer demand for a healthier and more sustainable diet continues to drive new plant protein products onto retail shelves. The global plant-based protein market will reach $10.8B by 2022, supported by a CAGR of 6.7%.
But growing demand raises complex issues for the industry, from the sustainability of ingredient sourcing to the nutritional listing of formulations. “Companies must look to the next wave of plant proteins to provide more options during product formulation,” said Sarah Browner, FutureBridge’s food and nutrition lead analyst.
“The proteins which are most utilized in plant-based products today have several problems,” said Sarah Browner. “Pea protein, for example, has a very pronounced flavor which is difficult to mask while soy scrambles to move away from its association with GMO.”
FutureBridge’s in-depth domain know-how and start-ups database combined with its in-house software and data analytics reveal the four next-generation plant-based proteins best-positioned to displace first-generation alternative proteins. This selection builds on a detailed analysis of available technologies using a set of parameters, including functionality, nutrition, scalability, and sustainability:
FutureBridge will host a webinar on The Next Generation of Plant-Based Proteins on 28th April 2020, at 4.30 pm CET / 10.30 am EST. In this webinar, we will deep dive on these four plant proteins and analyse their techno-commercial capabilities in the food and nutrition industry. To register, click here.
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FutureBridge tracks & advises enterprises on the future of industries from a 1-to-25-year perspective. With its data & analytics platform, deep techno-commercial knowledge, and network of start-ups, technology partners, and corporate leaders, it keeps its clients ahead on the technology curve, identifies new opportunities, markets, and business models, and facilitates best-fit solutions and partnerships. FutureBridge has a team of over 500 in-house experts in Europe, North America, and Asia.