Showing posts with label vegetable based meat. Show all posts
Showing posts with label vegetable based meat. Show all posts

Friday, 5 February 2016

Meatless Meat Market Will Reach $5.2 Billion by 2020

Market research company predicts vegetable-based meat alternatives will skyrocket in the next four years.

A new report from Allied Market Research predicts that the meat alternatives market will reach $5.2 billion by 2020. The research profiled meatless meat producers such as Amy’s Kitchen, Beyond Meat, Garden Protein International, Inc. (Gardein), Quorn, and Morningstar Farms to reveal that meat alternatives—such as tofu and soy products but increasingly vegetable-based proteins—are slated to experience a compound annual growth of 8.4 percent overall. According to the report, “increasing health awareness coupled with increasing consciousness towards environmental sustainability and animal welfare have been the major factors driving the growth of meat substitute market.”