According to the market research company Fact.MR, the market for dairy-free products is set to grow rapidly by 2027. The rising trend towards vegan diets and increasing rejection of dairy products by consumers have prompted Fact.MR. to make this prediction.
Vegan Foie Gras Market to Grow With 5.8% CAGR as Consumers Demand Ethical Alternatives
A report by FACT.MR has found that the vegan foie gras market will grow with a CAGR of 5.8% over the forecast period 2024-2034. The production of conventional foie gras has a high environmental impact and involves force-feeding ducks and geese, a process often considered unethical. This has led some areas, such as California, to ban animal-derived foie gras. Consequently, the market for vegan alternatives is growing, and companies are increasingly working to cater to this demand. One example is California-based The Better Meat Co, which has developed mycelium-based foie gras that has proven popular at upscale restaurants. Another Californian company, Prime Roots, has taken a similar approach with its foie gras made from koji fungus. In Europe, Nestlé’s plant-based Garden Gourmet brand relaunched its …