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

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 ...