Meat Substitute Market - Global Opportunity Analysis and Industry Forecast (2020-2027)
Meticulous Research ® – leading global market research company published a research report titled “ Meat Substitute Market by Product Type (Tofu, TVP, Burger Patties, Sausages, Meatballs, Nuggets), Source (Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) – Global Forecast To 2027”. According to this latest publication from Meticulous Research ® , the global meat substitute market is expected to grow at a CAGR of 15.1% from 2020 to 2027 to reach $17.5 billion by 2027. The rising intolerance for animal proteins, growing consumer awareness about healthy food, growing number of vegan & vegetarian population, and rising investment and venture capital funding are some of the major factors driving the growth of this market. Moreover, continuous product innovation, growing R&D by meat substitute & protein alternative manufacturers, and growing demand for vegan products in emerging economies are expected to create l...