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

NYC Vegan Grocery Throws Ice Cream Social for Justice

At the event, Orchard Grocer will debut a vegan ice cream created by NYC vegan establishment Modern Love Brooklyn to raise funds for LGBTQ youth.
Read More »

More Than One Quarter of Brits Slash Meat Intake

New market research reveals a large number of British people have reduced their meat consumption in the previous six months.
Read More »

Vogue Names "Vegan" Top Wedding Trend in 2017

The fashion publication says that weddings this year feature vegan food more often than just one vegetarian option.
Read More »

Vegan Company Launches "Chucky" Bath Bombs

Thanks to beauty company Loquita, cruelty-free (but terrifying) bath products can be yours in time for Halloween.
Read More »

VegNews Stands Against Racism

We stand with Charlottesville. We stand with people of color. We stand with the oppressed. We stand united.
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 »