Forecasted Growth of Meat Alternative Market to US$ 299 Billion by 2034

Friday, 5 April 2024, 00:30

The meat alternative market is projected to soar from US$ 18.8 billion in 2024 to a substantial US$ 299 billion by 2034, reflecting a remarkable CAGR of 28.8%. This meteoric rise is propelled by significant foreign investments in emerging markets, spurred by the rising popularity of veganism and plant-based products.
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Forecasted Growth of Meat Alternative Market to US$ 299 Billion by 2034

Meat Alternative Market Projection

Leading Brands Promote New Varieties of Meat Alternatives to Meet Growing Demand for Healthy and Tasty Products. Veganism and the desire for plant-based products are expected to drive the market for meat alternatives.

Market Potential

The meat alternative market is forecasted to rise from US$ 18.8 billion in 2024 to an impressive US$ 299 billion by 2034, showcasing an exceptional growth rate of 28.8% CAGR.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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