Market Dynamics of Meat Substitutes: Opportunities and Challenges

The meat substitutes market was estimated at USD 2.37 billion in 2022 and is likely to grow at a CAGR of 12.91% during 2023-2028 to reach USD 4.9 billion in 2028.

A meat substitute, also known as a meat alternative or mock meat, is a food product that is designed to replace the taste, texture, and nutritional profile of the meat. It is typically made from plant-based ingredients or other non-meat sources and can be used instead of meat.