Fox Carolina mentions MarketsandMarkets as a key reference in their article on Meat Substitutes
The organic and natural food products have witnessed a huge rise in demand in the past few years, owing to the increased awareness regarding their health benefits, which in turn has also increased the demand for meat substitutes. The meat substitutes mainly include a wide variety of products prepared from ingredients derived from plant-based and other organic sources. The global meat substitutes market is projected to grow at a CAGR of 6.8%, to reach a value of USD 6.43 billion by 2023, driven by the growing health concerns due to the rising prevalence of obesity, health benefits of meat substitutes, and increasing preference for vegetarian and vegan foods.
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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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