Chinese alternative protein meat market has reached an inflection point, driven by the entry of domestic and multinational companies, a surge in product innovation, and government incentives. In addition, health and lifestyle factors are encouraging more millennial and Gen Z consumers to explore new proteins. As a result, GlobalData predicts that the sales value of new protein meat alternatives in China will surge at a compound annual growth rate (CAGR) of 12.6% through 2022-2027.
GlobalData estimates that . . .
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