It’s fall, a time when outdoor plants slow down in advance of winter. Then again, you could say the plant-based foods market still is in its budding, spring season. Innova Market Insights finds that new product development activity is flourishing. Manufacturers are turning to plant-derived ingredients to address growing consumer interests in health, sustainability and even ethics.
Innova Market Insights reports that plant-based product claims increased by 62% globally (CAGR, 2013-2017) with growth occurring on platforms such as plant proteins, active botanicals, sweeteners, herbs and seasonings and coloring foodstuffs.