The global meat substitute market size was valued at USD 5.41 billion in 2021. The market is anticipated to surge from USD 5.88 billion in 2022 to USD 12.30 billion by 2029 at an 11.11% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Meat Substitute Market, 2022-2029.”
According to the study, plant-based products have become sought-after in minimizing the issues of dependence on livestock production for meat products. Clean meat substitute will gain further traction with the rising trend of vegan and vegetarian diets. Environment-friendly food products will continue to be sought globally. The Economist asserted that the number of vegans in the U.S. rose from 0.4% to 3.5% in 2021.
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Meat Substitutes Market Size, Share, Growth & Outlook [2029]
The global meat substitutes market is projected to grow from $5.88 billion in 2022 to $12.30 billion by 2029, at a CAGR of 11.11% in forecast period, 2022-2029
https://www.fortunebusinessinsights.com/industry-reports/meat-substitutes-market-100239
