Veganism is Hindering Growth of Veal Industry

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

More News

QDOBA Now Offers Price Cut for Vegans

The Mexican-inspired chain launched the Vegetarian Tier to give a discount to customers who order meat-free meals.
Read More »

Biotech Startup Develops Fungus-Based Clean Pet Food

New biotechnology company Wild Earth plans to disrupt the $30 billion pet food industry with nutritionally complete, animal-free proteins.
Read More »

Portland Pub Replaces Beef and Lamb with Vegan Burger

The White Owl Social Club will no longer serve beef and lamb burgers, and instead offer the Impossible Burger to reduce its environmental impact.
Read More »

W London Hotel to Offer Vegan Menu

The internationally inspired menu was created in honor of chef Ravinder Bhogal’s vegan niece.
Read More »

Saudis Go Vegan to Curb Obesity Epidemic

Residents of Saudi Arabia have the support of vegan Prince Khaled Alwaleed bin Talal Al Saud, who plans to open 10 vegan restaurants in the region by 2020.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »