Food & Beverage Ingredients Trends 2022

Food & Beverage Ingredients

Jul 22, 2022

What we see?

APAC, had a rise in plant-based foods
In the past year, the top category of product launch with alternative protein are processed fish, meat and egg (54.35%).

Why It Matters?

Consumer’s health awareness, ethics, environmentalism, and food safety
Concerned by global epidemics and food safety, consumers are more selective

25% expected increased in the market size for plant-based meat to US$1.7 billion from 2020-2025.

Global Meat Substitute Market

Europe dominate 3.8%of global meat substitute market in 2017
Asia-Pacific projected to register highest CAGR at 9.3%
Meat substitutes include tofu, tempeh, vegetable protein, microalgae and other organic sources
APAC is becoming a rising market for plant based meat substitutes targeting “flexitarian” dieters, with a significant increase in demand for plant based food in key markets in APAC (India, China, Japan, Thailand).

Consumers Continue to Move Towards Flexitarian or Plant Based Diets

23% of global consumers are trying to limit their intake of meat
16% of global consumers are trying to follow a plant-based diet
15% of global consumers are trying to limit their intake of dairy
6% of global consumers follow a plant-based/flexitarian diet

Consumers Look for Diets To Build Immunity Health

Post COVID-19, Consumers tend to focus more on preventive health measures, following high protein, plant-based diets to build and support immunity health.