Meat Substitutes Market Expected To Grow With USD 234.66 Billion By 2030
San Francisco, 5 April 2024: The Report Meat Substitutes Market Size, Share & Trend Analysis Report By Source (Plant-based Protein, Mycoprotein, Soy-based, Others), By Distribution Channel (Foodservice, Retail), By Region, And Segment Forecasts, 2024 - 2030 The global meat substitutes market is expected to reach USD 234.66 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 42.4% between 2024 to 2030. The forecast period anticipates a surge in market demand due to the increasing preference for vegan diets, driven by a growing awareness of health benefits. Moreover, heightened consciousness regarding environmental and ethical concerns has further propelled the market's growth. Opting for plant-based meat offers a healthier substitute for conventional meat products. More than 50% of protein consumers have a preference for natural protein sources, leading to an increased demand for easily recognizable and clean i