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Plant-Based Meat Market Size To Reach USD 24.03 Billion In 2030 Due to Increasing Trend Of Vegan Diet Coupled With Growing Adoption Of Plant-Based Proteins In Processed Foods, Says Reports and Data
Introduction of multiple awareness programs by various animal welfare organizations, such as PETA, aimed at eliminating animal slaughter for meat consumption, also drives product demand. Moreover, in response to shifting consumer tastes and preferences, several manufacturers are introducing vegan meat products with improved aroma, shelf life, texture, and nutritional value. In addition, a number of well-known food companies are forming strategic agreements with a number of vegan meat-producing start-ups in order to expand their product portfolios, resulting in product premiumization. Growing acceptance of these meat substitutes in a variety of cuisines, such as Thai, Chinese, and Italian, are expected to continue to drive global plant-based meat market revenue growth during the forecast period.
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For the purpose of this report, Reports and Data has segmented global plant-based meat market based on source type, product type, storage type, end-use, and region:
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