Plant-Based Meat Market Set To Skyrocket By 2024, Studies Find

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Leading researchers have predicted a boom in the global meat alternatives market, claiming it will be worth $23.2 billion by 2024.

Recent reports from market studies show a hike across the worldwide markets, and in particular, Asia.

Growth worth billions

The news network CNBC claims the global meat substitutes market is currently worth $20.7 billion. Research company Euromonitor anticipates a further increase.

Despite the challenges presented by the outbreak of COVID-19, Elaine Siu of The Good Food Institute Asia Pacific told CNBC that a reason behind the growing hunger for plant-based meat was because more people were becoming concerned for animals and the planet.


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