Mar 24, 2022

Consumers to Increase Demand for Plant-Based Protein

More feedstocks like pulses, lentils, peas needed

source: By Elise Schafer

Pat Bowe, president and CEO of The Andersons Inc., discussed consumer trends impacting the U.S. ag industry at the National Grain and Feed Association's 126th Annual Convention.

According to Bowe, the biggest trend in America today is sustainability.

"The three pillars of sustainability are environmental, economic and social," he said. "These three pillars are connected to the trends we're seeing and hearing about across agriculture."

For example, Bowe said preference for plant-based protein is gaining ground as a meat alternative.

"Consumers want products that help them eat what they perceive to be healthier and a diet that helps save the planet," he noted.

"More than 70% of consumers viewed protein from plant sources as healthy and of those who try it, 90% will eat it again. So what consumers are demanding is impacting our investments in food and innovation."

Bowe said the plant-based protein market is expected to reach more than $75 billion by 2025 and $160 billion by 2030. To help meet this market's increasing demand for feedstocks like pulses, lentils and peas, The Andersons is actively assisting growers today across North America.

Elise Schafer

Recently Added to Buyer's Guide

Model FA Belt Cleaner

  • Multi-bladed spring arm conveyor belt cleaner
  • Available with 7 different blade materials ranging from urethane to stainless steel to tungsten carbide

3-Rolls Assembly Upgrade

  • For Paladin 2000 automatic roller adjustment system
  • Provides adjustable spacing between die and rolls to allow producers to set perfect distance for different recipes in one pellet mill

Pneumatic Conveying System

  • Pneumatic dense phase conveying is dust tight
  • Enables low-abrasion transport as well as complete emptying of the conveyor pipe

FSU101 Bag Sealer

  • Seals up to 25 bags/minute depending on size, weight and type of high barrier material
  • Resistance-type heat seal bars with dual temperature controls

I/O Interface

  • Interface forms a smart and universal actuator
  • Offers endless modifications to give full control of exact functionalities

Magazine

Marketwatch: May, 28

US Corn Price Idx: ZCPAUS.CM

open: 7.6273
high: 7.741
low: 7.6223
close: 7.7113

US Soybean Price Idx: ZSPAUS.CM

open: 16.9414
high: 17.1044
low: 16.9237
close: 16.9795

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 11.718
high: 11.9549
low: 11.658
close: 11.7977

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 10.8628
high: 11.0906
low: 10.8128
close: 10.9646