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

Moby Sells 100 Musical Instruments to Help Vegan Doctors

The vegan activist has opened an online shop for his prized music equipment to raise funds in support of vegan medical group Physicians Committee for Responsible Medicine.
Read More »

Cardi B Feasts on Vegan Food at Coachella

The celebrated songstress and fellow musicians Migos, Daniel Caesar, Ghostface Killah, Kelela, and Beyoncé's crew enjoyed vegan food at Coachella thanks to vegan chef Lauren Von Der Pool.
Read More »

Kevin Smith Officially Goes Vegan

The famed director's vegan daughter Harley Quinn Smith confirmed that her father—who recently had a massive heart attack—has gone vegan and loves Veggie Grill's nachos.
Read More »

Vegan Croissants Crowned as Best in Miami

L'Artisane Creative Bakery is the first vegan bakery to take the top spot in annual competition Croissant Battle Miami.
Read More »

Vegan Chocolate Cake-Scented Bus Stop Erected in London

Londoners can now smell the sweet aroma of BOSH!'s chocolate fudge cake while waiting for the bus.
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 »