Global vegan flavors market to hit $13 billion USD by 2029

Source: vegconomist 

A recent Persistence Market Research report projects that the global vegan flavors market is expected to reach $8 billion USD by the end of 2019 in value and $13 billion USD by 2029.  Increasing awareness about the side-effects of chemicals present in animal-based products, and growing animal concerns are some of the major reasons for the growth of natural and plant-based products. The increasing trend for clean label products is also expected to influence the vegan flavors market.