In 2022, the meat alternatives market was valued at $42.6 billion. A CAGR of 6.3% is predicted between 2023 and 2031, resulting in a market size of $73.8 billion. Continuing advancements in the field of nutritional technology, which include extraction of plant-based proteins, the development of fermentation processes, and the use of 3D printing are likely to result in more sustainable and realistic meat substitutes than ever before.
Meat alternatives could be developed in future iterations to gain nutritional value that matches or exceeds that of traditional meat. Health-conscious consumers may find it more appealing to purchase plant-based products that are fortified with nutrition, vitamins, and minerals.