Plant-based meat, dairy and other animal product alternatives are continuing to pick up momentum. This new research by UBS predicts the plant-based meat market to reach $85 billion by 2030, while the plant-based dairy category shows growth potential to nearly $40 billion by just 2025.
Read the entire report here on Business Insider:
The plant-based food market has seen explosive growth in the past year with the public listing of Beyond Meat and Burger King’s nationwide rollout of the Impossible Whopper. There could be plenty more growth to come: UBS expects the plant-based-protein or alternative-meat market to grow by 28% a year, from $4.6 billion in 2018 to $85 billion in 2030.