Plant-based Meat Market to Reach $33.3 Billion, Globally, by 2031 at 20.5% CAGR: Allied Market Research
PORTLAND, Ore., Oct. 25, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Plant-based Meat Market By Product Type (Tofu, Tempeh, Seitan, Others), By Source (Soy, Pea, Wheat, Others), By Distribution Channel (Indirect, Direct): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global plant-based meat industry generated $5.3 billion in 2021, and is anticipated to generate $33.3 billion by 2031, witnessing a CAGR of 20.5% from 2022 to 2031.
- Rise in the vegetarian population & flexitarian diet and the ability of plant-based meat products to imitate animal-based meat products drive the growth of the global plant-based meat market.
- Download Free Sample Report (220 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/10909
Rise in the vegetarian population & flexitarian diet and the ability of plant-based meat products to imitate animal-based meat products drive the growth of the global plant-based meat market. - However,compared to animal meat, plant-based meat products may not contain essential omega 3 fatty acids, protein, and other nutrients.
- Also, some of the plant-based meat products are full of additives and highly processed which reduces their nutritional value.