Report: plant-based demand plateaus, prices descend

It's a buyer's market for ingredients; retailers capping alt-protein shelf space.

As demand for plant-based alternatives tails off in Europe, excess supply has pushed prices downward, according to the “Plant-Based Protein Monthly Market Insight” for April, prepared by Mintec and UrnerBarry.

In addition, freight costs continue to rise after the Chinese New Year, creating a concern for buyers, while market players seek ways to cut costs through product reformulation.

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