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

Pizza Hut Launches Vegan Cheese

The international pizza chain adds Violife vegan cheese to five UK locations to gauge consumer interest.
Read More »

Baileys' Vegan Almande Lands in UK Whole Foods

Almond milk-based liqueur Baileys Almande is finally available across the pond.
Read More »

NZ Dairy Farms Use As Much Water As 60 Million People

New Zealand's dairy industry uses more water than every person in Sydney, London, Los Angeles, Tokyo, Jakarta, and New York City combined.
Read More »

California to Reinstate Ban on Foie Gras

Circuit Court Judge Harry Pregerson made an emotional plea during last week's hearing on the issue to ban the sale of cruelly begotten duck livers.
Read More »

F1 Car Racing World Champ Embarks on Vegan Mission

Lewis Hamilton—one of the best professional race car drivers in history—ditches animal products after watching vegan documentary What the Health.
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 »