Plant-based Snacks Market worth $73 billion by 2028

Author: ANNA STAROSTINETSKAYA
Source: VegNews

The plant-based snacks industry will be worth more than $73 billion by 2028, according to a new report by market research firm Future Market Insights (FMI). The report reveals that the industry will grow by a compounded annual growth rate (CAGR) of 8.7 percent from its current value of $31.8 billion. FMI revised its initial prediction that the plant-based snack industry would grow at a CAGR of 6.4 percent after ascertaining increased consumer demand.