Meat substitutes market in the U.S. - Statistics and Facts
The United States market for plant-based meat substitutes has come a long way in the past two decades. The development of food items that imitate meat to a near perfect degree have done wonders for the perception and adoption of meat substitute products. However, not all is rosy for these products, as inflation has tightened consumer budgets significantly and U.S. meat substitutes are still pricier than regular meat. The gap, despite a lot of progress, has yet to close. Beef substitutes look to be the first category that might achieve price parity at least when it comes to the foodservice segment.
