Plant Based Meat Growth Rate. As per Transparency Market Research new opportunities of growth will emerge in the global plant based meat market over the forecast period. Over 290 million units of plant-based meat were sold in the past year a unit increase of 36 percent.
Plant Based Food And Beverage Global Market Annual Growth Rate By Region 2019 2024 Statista from www.statista.com
The North America plant based meat market is expected to surge at a CAGR of 243 by registering a revenue of 104453 million during the projected period. Plant-based meat had 14 billion in sales growing 45 overall compared to 2019 and making up 27 of all US. Three barriers determine future growth The supply of meat and dairy alternatives will keep evolving and future growth will depend on the food sectors ability to.
The plant-based meat market size is valued at USD 1249 billion by 2028 and is expected to grow at a compound annual rate of 146 in the forecast period 2021 to 2028.
The global plant-based meat market bagged soaring revenue of more than 1 billion over 2020 according to new research. As per Transparency Market Research new opportunities of growth will emerge in the global plant based meat market over the forecast period. Last year Zion Market Research released its report finding that the global plant-based meat market will grow by 86 annually to reach US21 billion by 2025 with Asia-Pacific to hold the largest share of the market due to the familiarity with soy-based vegan proteins such as tofu and tempeh and growing consciousness about the environmental footprint of foods. This will be an outcome of a steady compound annual growth rate that the market is set to chart taking the market worth up significantly.
