Industry Data & Insights: Expana March Plant-Based Protein Report

The following update was shared directly by Expana, a PBFA member company. As part of our commitment to promoting the plant-based industry, we provide this platform for our members to share their latest news, milestones, product launches, and more.

Expana March Plant-Based Protein Report covering global monthly market insights. Key themes in the plant-based market this month are: 

• The European Commission launched an antidumping investigation on pea protein imports from China, following suit with the US and Canada. A preliminary decision is expected in March.
• Market players anticipate China will circumvent US and European tariffs by relocating production to countries like Thailand, Malaysia, and Indonesia.
• Supply constraints and rising input costs continue to support firm prices in the plant protein market.
• The plant-based protein market is expected to reach a value of $142.4 billion by 2030, a compound annual growth rate of 17%, according to The Business Research Company.

Read the Full Report Here