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

Delivery Service Veganizes Meghan Markle's Favorite Dish

London-based food delivery app Deliveroo added vegan "Royal Poutine" to its menu in honor of Prince Harry and future duchess Meghan Markle's wedding.
Read More »

Plant-Based Pork to Curb Meat Consumption in Asia

New brand Right Treat—created by vegetarian market chain Green Common founder David Yeung—launches its first product, vegan meat Omnipork, in Hong Kong.
Read More »

Bentley Designer Predicts Animal-Free Future for Cars

Automotive designer Stefan Sielaff believes that making luxury car interiors from 15 animal hides will become obsolete, as modern customers are looking for vehicles that align with their cruelty-free values.
Read More »

Former Beyond Meat Chef Debuts New Vegan Bacon Chips

Dave Anderson—formerly employed by plant-based companies Beyond Meat and JUST—developed mushroom-based PIG OUT vegan bacon snacks, the flagship product of new vegan brand Outstanding Foods.
Read More »

Four New Vegan Dishes Hit Whole Foods Markets

The Amazing Protein Company's plant-based Lika protein is now available in the prepared foods section across the Southwest Pacific region of the grocery chain.
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 »