COMPANIES AND RESEARCHERS INNOVATE TO TAP GROWING VEGETABLE-BASED MEAT PRODUCT MARKET
December 2nd, 2020
WITH market researchers such as Polaris predicting that the global vegetable-based meat product market will generate USD35.4 billion in sales by 2027, major and small food tech companies are working hard to tap this growing niche. Polaris predicts that the segment will expand with a compound annual growth rate of 15.8% between 2020 to 2027, so there is space now for innovative products to attract market share. The segment received a major boost from the Covid-19 pandemic, which has encouraged more healthy eating choices – in the USA, according to Nielson, ...
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