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.
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™.
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.
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