Home › News Updates › Financial Times cites MarketsandMarkets as their major reference for Meat Substitute Market
Financial Times recently mentioned MarketsandMarkets in their article on vegan food groups, highlighting the future market scenario for meat substitutes.
Increasing awareness among people regarding the increase in obesity levels due to high meat consumption has led to a high demand for meat substitutes. Moreover, social and environmental concerns associated with high meat consumption, such as religious restrictions and carbon footprint of the meat industry have further led to the consumers opting for meat alternatives. The global meat substitutes market is predicted to grow at a CAGR of 6.8% between 2018 and 2023, reaching an estimated value of USD 6.43 Billion by 2023.
For More Details:
Report mentioned in the above news is,
Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein (TVP), Seitan, and Quorn), Source (Soy, Wheat, and Mycoprotein), Category (Frozen, Refrigerated, and Shelf-Stable), and Region - Global Forecast to 2023
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