Global plant-based meat market is expected to reach USD 7.2 Bn by 2033.
Europe is the largest consumer of plant-based meat. The region is expected to register a value CAGR of 15.8% by 2033.
Expanding product offerings coupled with getting into partnership with food service providers are some of the major actions considered by the manufacturers.
Rising number of vegan populations, concern for animal welfare and increasing product penetration in emerging economies is expected to fuel the overall market demand.
Conagra, Inc., Beyond Meat, Inc, Impossible Foods Inc, OmniFoods, and Hormel Foods Corporation are some of the major players operating across the globe.