The global meat substitutes market will reach $234.7 billion by 2030

Published 2022년 4월 18일

Tridge summary

A new research report by Grand View Research anticipates that the meat substitute market is going to see a significant growth between 2022 and 2030, with an estimated revenue of $234.7 billion. This growth is attributed to several factors including a rise in vegan diets, increased health consciousness, environmental concerns, and ethical dilemmas. The Asia Pacific region, especially China and Australia, is projected to lead this growth. The mushroom-based clean meat segment is expected to grow the most rapidly due to its cost-effective production and decreasing prices. In 2021, the retail channel was the largest contributor to the market's revenue, likely due to the global lockdowns leading to an increase in home food consumption.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a new forecast by Grand View Research, consumption of meat substitutes is expected to grow strongly over the next eight years, reaching $234.7 billion by 2030. It is expected to grow 42.1% from 2015. 2022 to 2030 due to increasing consumer preference for vegan diets along with increased health awareness. Furthermore, the growing awareness of environmental protection and ethics has also fueled the growth of this product. Plant-based meat is a healthier alternative to traditional meat products. More than half of protein users prefer to consume natural protein sources, which is driving a shift in demand for easily digestible substances and clean foods. The researchers suggest that the Asia Pacific region is expected to grow the fastest in the period to 2030. Countries such as China, Australia and others are expected to experience strong growth in consumption of products. meat substitutes as consumers in these countries prefer to cut back on meat consumption and form ...

Source: Vinanet