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With the U.S. Food and Drug Administration granting approval to a cell-based – or cultivated – meat product, new foods are expected to hit store shelves soon.
Del Monte is launching a new line of vegetarian pocket pies under its Veggieful brand, scheduled to arrive on store shelves May 25. Veggieful Pocket Pies come in four different flavors: Broccoli Potato Cheddar, Spinach Artichoke Parmesan, Plant-Based Philly Cheesesteak, and Rosemary Garlic Plant-Based Chicken.
According to Euromonitor International’s health and nutrition survey, 21% of the surveyed global consumers are trying to limit their meat intake, driving sales of global meat substitutes to reach $23 billion by 2023.
Fresh meat represents 89% of the total volume of meat sold globally, and is projected to grow by 2% annually through 2023, according to a study released by Euromonitor International, UK.
The global market for meat substitutes will upsurge at a 5.8% CAGR over the forecast period of 2017-2026, and meat substitutes will be worth $7,067.6 million worldwide, according to research presented by Future Market Insights, Valley Cottage, N.Y.