Meat Substitutes Market expected to boom by 2030, with projected growth estimated at $7.31 Billion

Global Meat Substitutes Market was valued at USD 5.06 Billion in 2023 and is expected to reach USD 7.31 Billion by the year 2030, at a CAGR of 5.4%.

The Meat Substitutes Market has experienced remarkable growth in recent years, fueled by changing consumer preferences, increasing health consciousness, environmental concerns, ethical considerations, and advancements in food technology. Meat substitutes, also known as meat alternatives or plant-based meats, are products designed to mimic the taste, texture, and nutritional profile of traditional animal-based meats, offering consumers a sustainable and ethical alternative to conventional meat products. The Meat Substitutes Market encompasses a diverse range of products made from plant-based ingredients such as soy, wheat, peas, mushrooms, jackfruit, and other legumes, as well as laboratory-cultured proteins derived from microbial fermentation or cell-based cultivation.

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