Plant-based Meat Market Analysis by Component, By Deployment, By End-user & Forecast 2030
Plant-based Meat Market Overview: The global plant-based meat market is expected to exhibit a strong 15.56% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The global plant-based meat market is expected to reach a valuation of USD 4.61 billion by 2030. Plant-based meat comprises meat substitutes made from plant products. There are a variety of plant-based meat substitutes that hold an important presence in the cuisine of various regions, such as tofu, seitan, and tempeh in Eastern Asia. These products have migrated to Western markets in recent years due to the growing popularity of veganism and the growing awareness among consumers about the adverse effects of the meat industry on the planet’s ecosystem. The growing popularity of these products in affluent markets such as North America and Western Europe is likely to be a major driver for the global Plant-based Meat Market over the forecast period. ...