Posted 2/4/2024, 10:18:00 PM
Meatless Market Booming: Meat Substitutes Poised for Rapid Growth to $4.4 Billion by 2028 Driven by Taste Innovations and Health Trends
- Market for meat substitutes projected to grow to $4.4 billion by 2028, with 11.98% compound annual growth rate
- European consumers expected to contribute 40% to market growth
- Growth driven by popularity of vegetarian/vegan products and health consciousness
- New product launches and innovations in meat substitute tastes expected to further drive growth
- High prices of meat substitutes compared to real meat could limit market expansion