Plant-Based Meat Market to Reach 27.9 Billion U.S. Dollars by 2025

The report attributes much of this incredible growth in sales of vegan meat to increasing concerns over the negative health effects of eating animals. Health-conscious consumers are enticed by plant-based meat’s high protein content and lack of cholesterol.

The plant-based meat market has even attracted the attention of industry giants like Bill Gates and Tyson Foods, which opens up a new world of growth opportunities.

The report states:
Companies, both start-ups and established players are entering this high growth market owing to the growing preference for plant-based diets among consumers at a global level. Established food companies such as Cargill (U.S.) and Tyson Foods (U.S.) have invested in start-ups that are producing plant-based meat products; this is further expected to boost sales of plant-based meat products in the coming years.
The authors expect pea protein to be the fastest-growing segment in the plant-based meat market—a protein that has enjoyed a surge of popularity among manufacturers. Unsurprisingly, vegan burgers, one of the most popular plant-based products, are the projected second-fastest grower.

Impossible Foods and Beyond Meat are the two leading players in the market for plant-based burger patties, thanks to a strong distribution network that helps them meet demand across the United States.

More people enjoying savory plant-based meat means fewer animals suffering and dying in factory farms. With more and more delicious vegan products hitting the market, there’s truly never been a better time to switch to a compassionate lifestyle.