According to a report by Verified Market Research, the global plant-based meat market will be worth $14.27 billion by 2030, up from $4.62 billion in 2021. This represents a CAGR of 13.34%.
Demand for sustainable alternatives to animal meat is believed to be the biggest market driver, fueling “remarkable” growth in recent years. Increased awareness of the health benefits of plant-based foods is also a contributor; meat alternatives are typically lower in saturated fat, cholesterol, and calories than conventional meat.
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