Several companies see a bright future for plant protein, and for microalgae in particular.
Some see algae eventually overtaking soy and pea as the leading alternative protein source. Demand for plant protein of all stripes is growing as more are interested in reducing meat consumption.
From vegans to flexitarians to Meatless Monday dabblers, many are substituting vegetables for meat. Plus, with Michelin three-star restaurant Eleven Madison Park going meatless and still commanding $335 for a prix-fixe meal, vegetable protein will continue to gain market share and mind space.
Algae protein is expected to become a $1 billion industry by 2026
