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Meat substitutes market to grow by $1.5 billion in the next 4 years

26 Apr 2018

• 26 Apr 11:28

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At this point, the global market value is estimated to stand at $4.3 billion but the trend of replacing meat with different substitutes is present all over the world. A recent market report issued by Visiongain sets a value of $4.3 billion for the global market of meat substitutes but the figure is expected to grow at $5.8 billion in the next 4 years, at a CAGR of 7.7%. “Meat substitutes are a part of the wider free-from trend, which is driven by increasing concerns about meta-consumption, and the health & wellness trend. The growing global population is also a significant driver of the market. The UN projections show that by 2050, the global population. Read more...