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Plant-Based Food Sales to Increase Fivefold By 2030, BI Says

Impossible Foods Joins Rival Beyond Meat In Supermarkets
Photographer: Patrick T. Fallon/Bloomberg

The global market for plant-based foods could see fivefold growth by 2030 helped by rising demand for sustainable products, according to a Bloomberg Intelligence report.

Sales of plant-based dairy and meat alternatives reached $29.4 billion in 2020, and could increase to $162 billion by 2030, comprising 7.7% of the global protein market.