Plant-Based Meat Market Expected To Face 'Biggest Growth To Date'
plant-based meat The industry is set to hit $4.3 billion by the end of the year - Media Credit: Adobe. Do not use without permission

Plant-Based Meat Market To Face ‘Biggest Growth To Date’ As Industry Set To Hit $8.3 Billion By 2025

'Meat consumption is changing significantly as consumers want to make better choices for the environment and health'

By

1 Minutes Read

The plant-based meat market is to face its ‘biggest growth to date’, according to new data.

Markets and Markets’ latest report estimates the global market for plant-based meat alternatives will hit $4.3 billion this year and grow to $8.3 billion by 2025, showing growth of 93 percent.

‘Health benefits’

The report cites ‘growing vegan and flexitarian populations, as well as increased awareness on the ‘health benefits offered by plant-based meat over animal meat’ as reasons for the growth. 

It also says government initiatives and ‘significant investment’ are key drivers for the plant-based market. 

Vegan brand The Meatless Farm Company welcomed the report, which mirrors its own skyrocketing success – after its year-on-year sales spiked 111 percent in the UK alone. 

‘The tipping point’

In a statement sent to Plant Based News, Founder Morten Toft Bech said: “Meat consumption is changing significantly as consumers want to make better choices for the environment and health. 

“We are at the tipping point as motivation for greener choices is at an all-time high, fuelled by an even greater focus on global climate change action in 2021 with the UN’s COP26 conference, the US’s anticipated return to the Paris agreement and looming ‘point of no return’ deadlines ramping up national action plans. 

“Awareness of the impact intensively-farmed meat has on the environment is driving an increase in ‘ecotarians’ who eat in a way which minimizes impact on the environment and are a key part of the plant-based market.

“In addition, investment and innovation means that there are no compromises on taste or texture with the best plant-based alternatives.”

You can read the full report here

Millions around the world trust Plant Based News for content about navigating our changing planet & our role in it.

Our independent team of journalists and experts are committed to making an impact through a wide range of content—and you can help by supporting our work today.

heading/author

The Author

Liam Gilliver

Liam is the former Deputy Editor of Plant Based News. He has written for The Independent, Huffington Post, Attitude Magazine, and more. He is also the author of 'We're Worried About Him'.

More by Liam Gilliver iconography/arrow-right

heading/comments

Leave a Comment

Plant Based News Comment Policy

In short:- If you act with maturity and consideration for other users, you should have no problems. Please read our Comment policy before commenting.

Comments [1]  
buttons/scroll-to-top/scroll-to-top-small-active
1
0
Would love your thoughts, please comment.x
()
x