Plant-based Meat Market - Emerging Growth Rate, Application, Market Share by 2030
Market Industry Reports (MIR) has published a new report titled “ Plant-Based Meat Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global plant-based meat market is estimated to be over US$ 12 billion in 2019. It is anticipated to grow at a CAGR of 15.0% from 2019 to 2030. The growth of the plant-based meat market can be attributed to several factors such as growing preference for the vegan diet, increasing M&A activities in the plant-based alternatives sector and several government initiatives along with significant investments. Moreover, the growing awareness about the health benefits of plant-based meat substitutes is anticipated to further contribute to substantial market growth during the forecast period. To obtain better insights into the market scenario, prominent players are increasingly focusing on innovative product launches and collaborations. For instance, in September 2019, Beyond Meat, a prod...