Posted 4/5/2024, 12:30:00 AM
Vegan Boom Fuels $299 Billion Growth of Meat Alternatives Market by 2034
- Veganism and desire for plant-based products driving growth of $299 billion meat alternative market by 2034
- 28.8% CAGR over next 10 years fueled by rising health consciousness and sustainable food demand
- Leading brands launching new meat alternative varieties to meet demand for healthy, tasty options
- Increasing vegan population in countries like US and UK boosting market growth
- Key players competing on price and ecommerce access to increase sales; also investing in R&D for organic, non-GMO products