Meat Substitutes Market Forecast & Growth Analysis | 2022-2028

Matt Easterlin27 Feb, 2023Business

The meat substitutes market size was estimated at USD 2.1 billion in 2021 and is likely to grow at a CAGR of 12.9% during 2022-2028 to reach USD 4.9 billion in 2028. The market for meat substitutes is driven by the surge in demand for plant-based meat products among millennials, globally. Growing concerns for animal welfare, awareness of health, and environmental safety have motivated humans to avoid animal meat. This has led to increasing demand for meat substitutes. These are the food items that contain protein and nutrients equivalent to animal meat.