The Global Plant-based Meat Market report for by source (soy, wheat, pea, cultured meat and others (quinoa, oats, beans, nuts, and seeds)), by product(burger patties, sausages, strips & nuggets, meatballs and other), by type (pork, beef, chicken, fish and others (lamb and turkey)), by process (grinding, mixing, blending, forming/shaping, freezing systems and storage), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ XX Bn by 2027, at a CAGR of 15.10 %.
Consumers are demanding plant-based meat for medical reasons or as a healthy lifestyle. The demand for plant-based meat is expected to increase exponentially across the globe. Additionally, continuous research & development by plant-based meat key players in terms of healthier aroma, texture, longer shelf life, and nutritious are expected to drive the growth in the global plant-based meat market during the forecast period(2020-2027).
The Soy segment is expected to share significant growth in the global plant-based meat market.
Soy is extensively used as a base ingredient for plant-based pork, beef, and chicken products, because of its high protein content and meat-like texture. An increase in the health concerns related to the consumption of animal protein-sourced foods and the adoption of flexitarian is expected to increase the consumption of soy.
North America region held the US $ XX Mn share in the global plant-based meat market.
By region, Global Plant-based Meat Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, the North American region is expected to contribute significant share in the global market. Currently, consumers are becoming health conscious. An increase in health awareness among the consumers about meat adulteration is expected to boost the market growth in the region. A gradual shift in the diet to vegetarian or organic products and health benefits associated with vegan products are expected to drive the demand for plant-based meat products in the region.
Key players operating in the global plant-based meat market includes Beyond Meat, Impossible Food Inc., Maple Leaf Foods, The Vegetarian Butcher, Amy’s Kitchen, Tofurky, Gold&Green Foods Ltd., Sunfed, VBites Foods Limited, Gardein Protein International, Morningstar Farms and Quorn Foods.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Plant-based Meat Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Plant-based Meat Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Plant-based Meat Market positioning of competitors.
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