December 21, 2022 09:30 ET | Source: MarketsandMarkets Research Pvt. Ltd.
Growth in the vegan and flexitarian population, a rise in awareness about the health benefits of plant-based meat over animal-based meat products, an increase in investment by government bodies and R&D activities, and investment of the major food industry giants in plant-based meat products. These factors together are propelling the plant-based meat market.
![Plant-based Meat Market to Cross $15.7 Billion by 2027– Exclusive Report by MarketsandMarkets™ Market](https://static01.nyt.com/images/2019/10/11/business/00fakemeat-2/00fakemeat-2-superJumbo.jpg)
December 21, 2022 09:30 ET | Source: MarketsandMarkets Research Pvt. Ltd.
Chicago, Dec. 21, 2022 (GLOBE NEWSWIRE) — The global Plant-based Meat Market is estimated to be valued at USD 7.9 billion in 2022 and it is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027 according to a new report by MarketsandMarkets™.
![Plant-based Meat Market to Cross $15.7 Billion by 2027– Exclusive Report by MarketsandMarkets™ Plant-based Meat Market to Cross $15.7 Billion by 2027– Exclusive Report by MarketsandMarkets™ merlin 162424950 6c494098 b4c3 4efb a1f6 67dd84ee5ffb articleLarge](https://static01.nyt.com/images/2019/10/11/business/00fakemeat-3/merlin_162424950_6c494098-b4c3-4efb-a1f6-67dd84ee5ffb-articleLarge.jpg?quality=75&auto=webp&disable=upscale)
There is a growth in the vegan and flexitarian population, a rise in awareness about the health benefits of plant-based meat over animal-based meat products, an increase in investment by government bodies and R&D activities, and investment of the major food industry giants in plant-based meat products. These factors together are propelling the plant-based meat market.
![Plant-based Meat Market to Cross $15.7 Billion by 2027– Exclusive Report by MarketsandMarkets™ Plant-based Meat Market to Cross $15.7 Billion by 2027– Exclusive Report by MarketsandMarkets™](https://imageio.forbes.com/specials-images/imageserve/6005ec4938d82047c7caa18c/Critics-are-concerned-that-power-in-the-plant-based-sector-is-becoming-centralized-/960x0.jpg?format=jpg&width=960)
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