The plant-based protein market in China is projected to reach USD 1.8 billion in 2025, with an expected growth to USD 2.69 billion by 2030, representing a Compound Annual Growth Rate of 8.32%.
This is approximately 1,000,000 metric tons of plant-based protein consumed in 2025. Say lupin can steal .05% of this growing market, that's 5000 tons a year. Conservatively, that's around $ 40,000,000au a year.
You know the lovely little sample pack we got from WOA, well, that's the same as 50 tons for Univar Solutions.
Ann: Clarification to Offtake & Distribution Agreement, page-29
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