Consumers choosing plant-based protein instead of veal is deterring the practice of slaughtering baby cows.
A new report by market research firm HTF MI revealed that the veal industry is slated to grow by a compounded annual growth rate (CAGR) of 2.19 percent by 2022. The report identified the “rise of veganism” as a major market challenge to the industry, as consumers are turning to plant-based protein to stop supporting the inherently cruel practice of veal, a “byproduct” of the dairy industry, which is produced by slaughtering calves that are less than 25 weeks old. Veal is only one meat-industry segment that is affected by the rise of veganism. Last year, data analyst firm Research and Markets released a report that found that consumer interest in veganism was responsible for slowing the sales of pepperoni products worldwide.
Photo courtesy of Joann McArthur
Vegan Figure Skater Earns Olympic Gold Medal
Champion pairs figure skater Meagan Duhamel alongside partner Eric Radford—the first openly gay skater to secure an Olympic gold medal—skate a flawless performance.
Read More »
Just Mayo Maker to Open First Production Plant in Asia
Food technology company JUST—formerly known as Hampton Creek—plans to open its first manufacturing facility in Asia to accelerate its mission of eliminating animal agriculture.
Read More »
Australia's First Vegan Cruise Sets Sail This Fall
The Whole Connection cruise will treat guests to nine days of yoga, exclusive documentaries, and all-vegan menus.
Read More »
Senate Issues Failing Dairy Industry $1 Billion Handout
The dairy industry must rely on government bailouts to survive, as consumers increasingly turn to plant-based alternatives.
Read More »
Ralph Lauren's Daughter Debuts Vegan Candy Line
Dylan's Candy Bar owner Dylan Lauren debuted the Treat Yourself line of vegan candy.
Read More »
More Flashbacks
0 Response to "Veganism is Hindering Growth of Veal Industry"
Post a Comment