According to a new report from leading market
research and consulting firm Coherent Market Insights, the global vegan meat market is set to surpass $6.5 billion
by 2026.
research and consulting firm Coherent Market Insights, the global vegan meat market is set to surpass $6.5 billion
by 2026.
The report projects rapid growth in the vegan
meat market, with a compound annual growth rate of 7.6 percent between 2018 and
2025. What’s more, the research shows that more consumers are expected to shop
for plant-based meat in the coming years because of the many health risks linked to consuming animal meat.
meat market, with a compound annual growth rate of 7.6 percent between 2018 and
2025. What’s more, the research shows that more consumers are expected to shop
for plant-based meat in the coming years because of the many health risks linked to consuming animal meat.
Interestingly, Europe accounts for the largest
revenue share of the global vegan meat market at 33 percent in 2017 and is
expected to remain a leader.
revenue share of the global vegan meat market at 33 percent in 2017 and is
expected to remain a leader.
While you might think newer meat substitutes, such
as bleeding veggie burgers, are the reason for an increased interest in
plant-based eating, the oldest-known meat alternatives, such as tofu and tempeh, are projected to see the most
growth. The report explains:
as bleeding veggie burgers, are the reason for an increased interest in
plant-based eating, the oldest-known meat alternatives, such as tofu and tempeh, are projected to see the most
growth. The report explains:
Meat substitute such
as tempeh and tofu is expected to drive growth of the market. Meat substitutes
offer health benefits such as it lowers the cholesterol level, boosts heart
health, and stronger bones. Therefore, these factors are expected to aid in
high demand for meat substitutes.
This isn’t the first time market researchers
have predicted an increased demand for vegan food. Allied Market Research
predicts that the meat substitute market will grow 8.4 percent from 2015 to
2020, potentially reaching $5.2 billion globally. And Lux Research
expects plant-based proteins to make up a third of the global protein market by 2054.
have predicted an increased demand for vegan food. Allied Market Research
predicts that the meat substitute market will grow 8.4 percent from 2015 to
2020, potentially reaching $5.2 billion globally. And Lux Research
expects plant-based proteins to make up a third of the global protein market by 2054.
What’s more, a recent study commissioned by
the Plant Based Foods Association and The Good Food Institute reveals that the plant-based foods market topped $3.1 billion in sales
in 2017.
the Plant Based Foods Association and The Good Food Institute reveals that the plant-based foods market topped $3.1 billion in sales
in 2017.
More people enjoying vegan food is great news
for the billions of animals who suffer horribly at factory farms. Cows, pigs,
and chickens raised and killed for food are subjected to unthinkable cruelties: tiny,
filthy cages; burns and amputations; and merciless slaughter.
for the billions of animals who suffer horribly at factory farms. Cows, pigs,
and chickens raised and killed for food are subjected to unthinkable cruelties: tiny,
filthy cages; burns and amputations; and merciless slaughter.
Thankfully, with more and more
delicious vegan products hitting the market, there’s truly never
been a better time to switch to a compassionate vegan lifestyle.
delicious vegan products hitting the market, there’s truly never
been a better time to switch to a compassionate vegan lifestyle.
Join the global movement against the destructive and
cruel meat industry. Order your FREE Vegetarian
Starter Guide today. And check out our Pinterest
page with hundreds of vegan recipes!
cruel meat industry. Order your FREE Vegetarian
Starter Guide today. And check out our Pinterest
page with hundreds of vegan recipes!
