Global Plant-Based Food Market Set to Exceed $75 Billion by 2028, Fueled by Health and Sustainability Trends
DUBLIN–(BUSINESS WIRE)–The “Global Plant-based Food Market Outlook, 2028” report has been added to ResearchAndMarkets.com’s offering. The global plant-based food market is expected to witness robust growth, crossing USD 75 billion in market size by 2028, up from USD 41.06 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 10.95% during the period from 2023 to 2028, driven by various key factors. Key Drivers: Rising Demand for Dairy and Meat Alternatives: The global market for plant-based foods is being fueled by the increasing need for dairy and meat alternatives. The growing trends of veganism and flexitarianism are contributing to the surge in demand for plant-based foods as consumers seek healthier and more sustainable dietary choices. Health and Environmental …