Plant-based meat refers to products that are designed to be like meat in taste, texture, smell, and appearance. Such products can be in the form of burgers, ground meat, sausages, nuggets, or seafood. Plant-based meat products are becoming increasingly popular. In the United States, for example, retail sales of plant-based meat have grown by 45 percent in 2020. The most frequently purchased plant-based meat product in the United States are traditional veggie burgers and beef style alternatives. Fish or seafood, and pork alternatives are purchased the least.
Plant-based Meat worldwide
Between 2018 and 2026, the plant-based meat market of the Asia-Pacific region is forecast to have the largest compound annual growth rate (CAGR) of all world regions, at approximately 15.9 percent.