12.5% Growth Expected for Vegan Chicken Nugget Market
The global vegan chicken nugget market is expected to grow with a CAGR of 12.5% through to 2029, generating a record amount of revenue. According to a report by Orion Market Research, growth will be driven by rising health consciousness among consumers, particularly in the wake of the Covid-19 pandemic; concerns about the link between animal agriculture and infectious diseases have led some consumers to reduce their meat consumption. The pandemic also led to a long-term increase in online food purchases, which has benefited some vegan chicken nugget brands. Furthermore, many consumers are aiming to lead a more ethical and sustainable lifestyle, while modernization in developing countries is bringing products such as meat alternatives to a wider audience. These factors provide additional market opportunities. Soy-based …