Plant-based Meat Market is Projected to Reach USD 15,566 million by 2029, Expanding at a CAGR of 15.

Gmi Research12 Sep, 2022Business

The factors driving the growth of Plant-based Meat Market includes rising trend veganism around the world, increasing popularity of plant-based food products and growing concerns related to environment hazards and animal welfare. According to the report published by The Guardian, the meat consumption in the United Kingdom has declined by 17% over the past decade, while vegan population has risen by 40% in 2020, estimating around 1.5 million, this on-going trend of veganism is predicted to accelerate the Global Plant Based Meat Market in the approaching years.