Plant Based Meat Demand. The demand for plant-based products from the likes of Beyond Meat and Impossible Foods has led to the creation of more than 55000 jobs in. Specifically in China and Thailand plant-based meat demand is expected to grow a whopping 200 over the next five years while the broader trend across the region will see the overall Asian plant-based meat market grow to US17 billion representing a 25 increase within half a decade.
The global plant-based meat market size was valued at USD 33 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of 194 from 2020 to 2027. The global plant-based meat market valued at about 121 billion in 2019 is estimated to reach 279 billion by 2025. The time and investment dedicated to improving plant-based foods in recent years is testament to soaring demand.
According to The NPD Group in the quarter ending June 2021 there were 12 billion servings of pizza ordered which is up four percent from the same quarter last year.
The global plant-based meat market size was valued at USD 33 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of 194 from 2020 to 2027. The demand for plant-based products from the likes of Beyond Meat and Impossible Foods has led to the creation of more than 55000 jobs in. The demand for alternative meat dairy and other products is likely just beginning. Spanish supermarkets have responded to rising demand for plant-based meat during the Covid-19 pandemic by increasing their stocking levels of innovative meat alternatives.
