The global plant-based ingredients market is expected to reach a valuation of USD 9.3 billion by the year 2024, accelerating with a CAGR of 8.6% by 2024 to 2034.
Ethics, Environment, and health are pushing consumers to consume more plant-based diets. Growing plant-based claims around the world have given ingredient and branded product companies more chances to combine plants with already-existing products like bread, dairy, and even meat-based products to boost plant content-something that customers are increasingly demanding.
Furthermore, demand for free-from foods has grown regardless of whether customers have allergies or not. These meals, which frequently coincide with other well-liked diet regimens like paleo and keto, include dairy-free, gluten-free, and meat-free options. Furthermore, as lactose or dairy in general are believed to cause digestive issues in certain people, free-from foods are frequently linked to gut health.
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