Plant-Based Proteins - The Milk Comparison
Are plant-based products sold at (un)-justified premiums?
Our latest report from this new series explores the rapidly expanding market of plant proteins.
Plant proteins are a source of food generated solely from the use of plants. The advent of healthy and sustainable eating has increased both the supply and demand for proteins made from natural, growable, resources.
Mintec Benchmark Prices (MBP) bring a level of transparency to the plant-based protein markets, valued at over $2 billion, through its 35 years of experience in the food pricing industry and highly experienced team of analysts and pricing specialists.
Because plant proteins are increasingly used across a range of food products as a meat-alternative, its important to understand how these changing ingredients impact your product costs. To provide the maximum granularity into these new costs, Mintec assesses prices for isolates and concentrates, essential plant-based proteins outputs from both pea and soya crops, and an essential ingredient in many vegan products.
Mintec Benchmark Prices are a range of proprietary price series collected by our Pricing Team, using our robust methodology and are exclusive to Mintec. These price series provide an additional level of granularity and specificity for different product types and grades, enabling users to understand material cost more accurately.
Mintec has a created a transparent and published methodology that ensures our data points are always accurate. To support this, we encourage involvement or comment from market participants on the market state or any Mintec Benchmark Prices published at any time.
Mintec covers a wide range of food ingredients rich in plant-based proteins including chickpeas, lentils and nuts. Along with derivatives of soya and pea such as isolates and concentrates which are essential components in many plant protein products. Further information, including a list of price series, can be accessed below.
Mintec plant-based price series for soya protein includes both isolates and concentrates and are relevant for the markets in the US and Europe.
Our plant-based price series for pea protein includes both isolates and concentrates for several geographic markets.