Meat Substitutes Market Segments, Opportunity, Growth and Forecast by End-use Industry 2033
During the forecast period, the meat substitutes industry is poised to record a healthy CAGR of 23.0%. In 2033, the market is expected to be worth approximately US$ 8.5 billion. Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033
Globally, consumer food choices are changing dramatically. More people are realizing how important it is to maintain a healthy lifestyle and consume protein in moderation.
As a result, consumers are taking a proactive approach and increasing their protein intake to guarantee that they remain fit and healthy for a long time. They are changing their eating habits and including plant-based protein sources in their diet. This results in the growth of the meat substitutes market trends.
Alternative proteins, including meat substitutes, are becoming increasingly popular in this area. Consumers are becoming gradually concerned and aware of the harmful environmental impact on animal farms.