Plant-Based Meat Market Forecast, Global Revenue, Future Demand, Top Leading Manufactures by 2027
Plant-based meat comprises meat
substitutes made from plant products. There are a variety of plant-based meat
substitutes that hold an important presence in the cuisine of various regions,
such as tofu, seitan, and tempeh in Eastern Asia. These products have migrated
to Western markets in recent years due to the growing popularity of veganism
and the growing awareness among consumers about the adverse effects of the meat
industry on the planet’s ecosystem. The growing popularity of these products in
affluent markets such as North America and Western Europe is likely to be a
major driver for the global Plant-Based
Meat Market Forecast over the forecast period. The rise of
veganism has been prominent in North America and Europe, where meats comprise
an important part of the traditional diet. Many, especially younger, consumers
in these regions are adopting veganism as a means to support the environment,
leading to growing consumption of vegan products such as tofu and tempeh. This
is likely to be a major driver for the global Plant-Based Meat Market Forecast
over the forecast period.
Key Players
Leading players in the global Plant-Based
Meat Market Forecast include Amy’s Kitchen Inc., Beyond Meat, Garden Protein
International Inc., Blue Chip Group Inc., MorningStar Farms LC, VBites Foods
Ltd., Schouten Europe BV, Cauldron Foods Limited, Impossible Foods Inc., Maple
Leaf Foods Inc., Unilever, House Foods Corporation, Vitasoy International
Holdings Limited, and Eden Foods Inc.
Market
Segmentation:
The global market
is segmented on the basis of product type, source, distribution channel, and
region.
By product
type, the global meat market is segmented into tofu and tofu products,
sausages, seitan, tempeh, and others.
By source,
the global market is segmented into soy, wheat, pea, and others. Soy is the
dominant category in the global Plant-Based Meat Market Forecast due to the
ease of turning soy protein into meat substitutes.
By
distribution channel, the global market is segmented into store-based and
non-store-based.
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Regional
Analysis
Europe
holds the largest share in the global market due to the widespread acceptance
of veganism in the region. Germany and the UK are the leading regional markets
within the Europe market.
Asia
Pacific is also likely to be a major regional market within the global Plant-Based
Meat Market Forecast over the forecast period due to the widespread popularity
of tofu, seitan, tempeh, and other plant-based meat alternatives in East Asia.
The widespread vegetarian culture in India is also likely to be a major driver
for the Plant-Based Meat Market Forecast in Asia Pacific, as an increasing
number of consumers are buying plant-based meat products in the country.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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