April_2022 - 28

According to Bloomberg
Intelligence, the plantbased
foods market
could make up to 7.7% of
the global protein market
by 2030, with a value of
over $162 billion, up from
$29.4 billion in 2020.
and antioxidants, and fungi are
even featured in ready-to-drink
beverages, snacks and coffee.
According to Allied Marketing
Research, the global functional
mushroom market is expected to
reach $19.33 billion by 2030, and
a rise in demand for organic reishi mushroom products
and usage of mushrooms as a supplement to meat products
present new opportunities in the coming years.
The plant-based diet is also fueling the rise of meat
alternative products. Plant-based food companies are making
burgers, faux chicken nuggets, sausages and hot dogs, to
name a few, look and taste similar to the real thing.
What's also clear today is that consumers are thirsty
for knowledge on how products are made, what's in them,
122645539 | Krungchingpixs | Dreamstime
how they will benefit their health and wellness, and how our
choices in food products help or harm the environment.
Armed with this information, consumers are now more
willing to try new products and be adventurous. Cauliflower
rice? Tofu oatmeal? Sure, they'll give it a try.
PLANT-BASED FOOD MARKET POISED FOR GROWTH
According to data published at Statista, the global plantbased
food market is expected to reach $77.8 billion in 2025,
and further growth is expected. The forecast projects that by
2030, the market will have more than doubled. For 2022, the
model expects a market worth $44.2 billion.
According to Bloomberg Intelligence, the plant-based
Thai Rice Chips and Coconut
Chips from Dang Foods are
available in single-serve options.
foods market could make up to 7.7% of the global protein
market by 2030, with a value of over $162 billion, up from
$29.4 billion in 2020. The report identifies growth expectations
for the plant-based foods market through 2030, as
global animal and dairy protein demand is poised to reach
$1.2 trillion by then. If the alternative meat market follows
a similar growth pattern to that of plant-based milk, BI
projects the alternative meat market to increase from $4.2
billion to $74 billion in the next 10 years. According to the
report, industry giants including Beyond Meat, Impossible
Foods and Oatly are driving the increase in plant-based food
options, and more traditional and established companies,
like Kellogg and Nestlé, are looking to increase their distribution
of plant-based products.
For the global dairy alternatives market, it is expected to
grow from $19.79 billion in 2020 to $47.95 billion by 2028,
at a CAGR of 11.7% during the forecast period 2021-2028,
28 Automatic Merchandiser * April 2022

April_2022

Table of Contents for the Digital Edition of April_2022

Editor’s Note
Industry News
OCS Update
A Winning Lineup
Understanding connectivity options for self-checkout and vending
Plant-based foods for on-the-go convenience
Stick-to-itiveness pays off for Giambra Vending
Classifieds
Social Hubs
April_2022 - PCOV1
April_2022 - PCOV2
April_2022 - 1
April_2022 - 2
April_2022 - 3
April_2022 - 4
April_2022 - 5
April_2022 - Editor’s Note
April_2022 - 7
April_2022 - Industry News
April_2022 - 9
April_2022 - OCS Update
April_2022 - 11
April_2022 - 12
April_2022 - 13
April_2022 - A Winning Lineup
April_2022 - 15
April_2022 - 16
April_2022 - 17
April_2022 - 18
April_2022 - 19
April_2022 - 20
April_2022 - 21
April_2022 - Understanding connectivity options for self-checkout and vending
April_2022 - 23
April_2022 - 24
April_2022 - 25
April_2022 - Plant-based foods for on-the-go convenience
April_2022 - 27
April_2022 - 28
April_2022 - 29
April_2022 - 30
April_2022 - 31
April_2022 - Stick-to-itiveness pays off for Giambra Vending
April_2022 - 33
April_2022 - 34
April_2022 - 35
April_2022 - 36
April_2022 - 37
April_2022 - 38
April_2022 - 39
April_2022 - 40
April_2022 - Classifieds
April_2022 - Social Hubs
April_2022 - 43
April_2022 - 44
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