--%> Meat Alternatives Market Valued at $4 Billion in 2017
News

Meat Alternatives Market Valued at $4 Billion in 2017

The plant-based meat market is predicted to boom in the next decade to feed the growing population, which is expected to reach nearly 9 billion people by 2050.

A new market insight report by research firm Visiongain predicted that the global meat alternatives market will be worth $4 billion in 2017. The report highlighted global brands—such as Amy’s Kitchen, Beyond Meat, and Pinnacle Foods (parent company to Gardein)—and various types of meat alternatives including tofu, seitan, and pea protein, to illustrate the scope of meat-free market in the coming decade. “The meat alternatives market is relatively small today,” Visiongain states, “but all the factors analyzed in this report illustrate that the industry will exhibit significant growth in the next ten years, providing excellent commercial opportunities.” Visiongain’s findings are corroborated by research firm Allied Market Research which estimated the meat alternatives market to reach $5.2 billion by 2020.

Photo courtesy of Quorn Foods

More News

Vegan Beyond Burger Expands to 600 Kroger Stores

The plant-based patty triples its distribution and is now available in the meat aisle in 1,300 stores nationwide.
Read More »

Vegan Cheese Brand Daiya Acquired for $322 Million

International brand Otsuka paid a hefty price to expand its plant-based portfolio.
Read More »

Last Captive-Born Orca Dies at SeaWorld

Three-month-old baby orca Kyara died of pneumonia—the same illness that killed Tilikum in January.
Read More »

Midwest Vegan Eatery Creates Copycat Big Mac

St.. Paul's J. Selby's "Dirty Secret" is made with two all-"beaf" patties, special sauce, lettuce, cheeze, pickles, and onions, and served on a vegan sesame seed bun.
Read More »

New Series "The Vegan Road Show USA" Debuts in August

The new show will showcase vegan restaurants across the country and feature special correspondent Maggie Taylor—the niece of famed vegan director James Cameron.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »