Plant-based meat and seafood are growing in popularity the most

By: STA Date: 2022. 10. 31. 11:28

In 2021, the global plant-based food market was valued at USD 39.42 billion and is expected to grow to USD 103.56 billion by 2027. Plant-based foods refer to a wide range of food products derived from natural plant ingredients.

(Photo: Pixabay)

Plant-based foods have long been known for their important role in vital nutrition and human health. These products are usually made from fruits, vegetables, nuts, oils, whole grains, and legumes, with no animal ingredients. A plant-based diet is lower in cholesterol and saturated fat, an excellent source of vitamins B1, C and E, folic acid, magnesium and iron, and can help reduce certain types of cancer, diabetes, obesity, high blood pressure, heart disease and metabolism – the risk of disorders.

Food manufacturers – from startups to leading CPG companies – are rapidly innovating in the plant-based food market

Next-generation plant-based meat, eggs and dairy products are increasingly competitive with animal products in terms of taste, price and availability. One of the main reasons consumers are shifting their preference towards plant-based foods is the fear of an increase in animal-borne diseases, growing health concerns, and the demand for clean-label products and natural products. The plant-based foods market is expected to grow at a CAGR of 17.52% during the forecast period 2022-2027.

Vegconomist