is expected to rise to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing base of consumers globally due to the focus of better fitness levels amongst the population.
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Shaquille O Neal joins Tony The Tiger® at Center Court with Kellogg s Frosted Flakes First-of-its-Kind Cereal Slam Dunk
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FELTON, Calif., March 16, 2021 /PRNewswire/ As per the published report, the global plant-based meat market size is estimated to arrive at USD 13.8 billion by 2027. It is projected to develop by 19.4% CAGR, in the period of the forecast.
Key Factors Responsible for the Growth of Plant-based Meat Market:
Increasing acceptance of vegetarian eating habits between fitness aware clients, particularly in the developed nations, is projected to impel the expansion of the market for plant-based meat, during the period of the forecast. Rising concerns about the Greenhouse Gas (GHG), produced by the procedures of the meat business, in addition to the animal wellbeing, accompanied by the support of public figure for the vegetarian eating habits, are estimated to boost the demand for the plant-based meat foodstuffs, in the market. Mainly, the plant-based meat is used up in the Hotel/Restaurant/Café (HORECA) subdivision.