REPORT: Meat Alternatives to Witness Exponential Sales Through 2029
Global value of meat alternatives market will rise 3X through 2029 at a stupendous CAGR of 12%, owing to the pervasiveness of veganism and flexitarianism trends.
FUTURE MARKET INSIGHTS: ‘Global value of meat alternatives market will rise 3X through 2029. Owing to pervasiveness of veganism, the market is projected for a stupendous CAGR of 12% during 2019 – 2029. The flexitarianism trend is also providing a strong impetus to the global meat alternatives market. Generation-Z and millennial demographic are particularly showing greater preference for healthier meat alternatives, thereby generating an upsurge in demand, suggests a new Future Market Insights (FMI) report.
“Manufacturers in meat alternatives market are selectively targeting Gen-Z and Millennial consumer demographics, as they prefer new experiences over products and are willing to follow healthier dietary practices. Plant-based protein is particularly gaining notable momentum recently,” projects the FMI study… Product launches and distribution network expansion remains the key strategic focus area of market players. For instance, Atlantic Natural Foods LLC introduced TUNO (2019) which is a seafood alternative. On the other hand, PHW Group entered a strategic partnership with Beyond Meat to expand its retail distribution network’. SOURCE…
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