As per MRFR, the global Meat Substitutes Market Size can balloon to USD 9.99 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.72% during the forecast period (2024 - 2032). Inclination of consumers towards plant alternatives to animal protein is the major driver of the market. Advocation of veganism by consumers as well as the production of plant meats by food manufacturers is expected to bode well for the market from 2024 to 2032 (forecast period).
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