Press release
Plant-Based Meat Market is set to Witness Huge Demand at a CAGR of 14.6% during the Forecast Period 2028
Data Bridge Market Research analyses that the Plant-Based Meat Market was valued at USD 10.80 billion in 2021 and is expected to reach USD 15.71 billion by 2028, registering a CAGR of 14.6% during the forecast period of 2022 to 2028.Industry Analysis
Plant-Based Meat Market is a type of food products which are sourced from vegan sources not using any meat, but providing similar functionality and taste. These products are designed to counter the major consumption of meats having a drastic impact on the environment.
The major growing factor towards Plant-Based Meat Market is the rise in the vegan and flexitarian population across the world. Furthermore, the rise in awareness regarding the health benefits offered by Plant-Based Meat Market over animal meat and high growth in government initiatives along with significant investments are also expected to heighten the overall demand for Plant-Based Meat Market over the forecast period of 2021 to 2028. Moreover, the major food industry investing in and introducing Plant-Based Meat Market products and increase in the health consciousness trend to influence the global plant-based protein are also expected to serve as foremost drivers for the Plant-Based Meat Market at a global level. In addition, the increase in the vegan population and high demand for organic food products are also lifting the growth of the Plant-Based Meat Market.
Moreover, the alternative solution to meet the growing demand for animal meat products and favourable marketing and correct positioning of Plant-Based Meat Market are expected to further generate new opportunities for the Plant-Based Meat Market in the forecast period of 2021 to 2028.
This Plant-Based Meat Market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Plant-Based Meat Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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