News

Meatless Meat Market Will Reach $5.2 Billion by 2020

Market research company predicts vegetable-based meat alternatives will skyrocket in the next four years.

A new report from Allied Market Research predicts that the meat alternatives market will reach $5.2 billion by 2020. The research profiled meatless meat producers such as Amy’s Kitchen, Beyond Meat, Garden Protein International, Inc. (Gardein), Quorn, and Morningstar Farms to reveal that meat alternatives—such as tofu and soy products but increasingly vegetable-based proteins—are slated to experience a compound annual growth of 8.4 percent overall. According to the report, “increasing health awareness coupled with increasing consciousness towards environmental sustainability and animal welfare have been the major factors driving the growth of meat substitute market.” The report also revealed that while Europe and North America are the largest consumers of meat alternatives, Asia-Pacific is the largest-growing market. While consumers are focused on frozen meatless products, the dry snack market is expected to grow the fastest. “Meat alternatives have seen double-digit growth in recent years, and the report predicts that fast-food companies such as KFC, McDonald’s, and Burger King will “strengthen their meat substitute product line to meet the increasing consumer demand”—a trend that Wendy’s, Subway, Taco Bell, and White Castle have already begun to adapt to with new vegan options.

More News

Vegan to NY Gov: "Stop Subsidizing Cheap Milk"

Farm Sanctuary founder Gene Baur demands that governor Cuomo end $90,000 milk subsidies at NY State Fair.
Read More »

Federal Rules for Lab-Grown Foods Linger In Limbo

As cultured meat and dairy products get closer to market, government agencies grapple with regulatory questions.
Read More »

Washington State to Kill Wolf Pack to Protect Profits

Culling of the endangered grey wolves will eliminate one of the remaining 19 packs in the state.
Read More »

Slaughterhouse Worker Jailed for Cruelty

Anthony Bagshaw pleads guilty to 24 counts of animal cruelty and will serve a 10-month prison term.
Read More »

ColourPop Launches Vegan Lipstick Line

Karrueche Tran’s KaePop collection includes three Ultra Glossy Lip colors and an Ultra Matte Lip color.
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 »