Global Market Size of Meat Substitutes Market – 10 Year Market Forecast

Food & Beverages

Meat substitutes Market Size Forecast 2022-2029

 

Meat substitutes are an alternative option to animal meat. The meat substitutes market is expected to observe a CAGR of 10% during the forecast period of 2022 to 2029 with a growth from USD 3.34 Billion to USD 6.55 Billion. A decrease in the availability of meat and a rise in awareness of the health benefits provided by plant-based food is likely to cause an increase in the consumption of meat substitutes. Hence, it could act as a driving force in the growth of this market. Moreover, the growing popularity of the vegan diet is also contributing to the growth of this market. However, meat substitutes have high processing costs which could act as a restraint in the market growth.

Frequently Asked Questions(FAQ)

• State the market segments for the Meat Substitutes market.

• The market segments for the Meat Substitutes market are by type, region wise and by form.
• What are the regional segments covered within the Meat Substitutes market?

• The regional segments covered within the Meat Substitutes market are North America, Europe, APAC, Middle East and ROW.
• What is the growth rate of the meat substitutes market?

• The meat substitutes market experienced a substantial growth in the past 5 years. The number of start-ups within this sector have increased exponentially owing to the change in consumer trends.
• What are the key trends in the Meat Substitutes Market?

• A growth in adoption of vegan diet across the global markets is expected to boost the growth trends across this sector
• What is Global Market Database?

• Global market database is a cloud based market research tool that is a key secondary research source which provides information across the food encapsulation market in addition to other industry verticals.

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