Meat Alternatives Market Forecasted to Reach US$ 15 Bn Value by 2019-End - PowerPoint PPT Presentation

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Meat Alternatives Market Forecasted to Reach US$ 15 Bn Value by 2019-End

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Global value of meat alternatives market will rise 3X through 2029. Owing to pervasiveness of veganism, the market is projected for a stupendous CAGR of 12% during 2019 - 2029. The flexitarianism trend is also providing a strong impetus to the global meat alternatives market. Generation-Z and millennial demographic are particularly showing greater preference for healthier meat alternatives, thereby generating an upsurge in demand, suggests a new Future Market Insights (FMI) report. "Manufacturers in meat alternatives market are selectively targeting gen-Z and millennial consumer demographics, as they prefer new experiences over products and are willing to follow healthier dietary practices. Plant-based protein is particularly gaining notable momentum recently," projects the FMI study. – PowerPoint PPT presentation

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