Plant-Based Meat Market Share, Future Scope, Market Trends, Key Players and Forecast To 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 Share 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 Share over the forecast period.
Key
Players
Leading players in the global Plant-Based
Meat Market Share 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 market is segmented
into tofu and tofu products, sausages, seitan, tempeh, and others.
By source, the global Plant-Based Meat Market Share
is segmented into soy, wheat, pea, and others. Soy is the dominant category in
the global Plant-Based Meat Market Share due to the ease of turning soy protein
into meat substitutes.
By distribution channel, the global Plant-Based
Meat Market Share is segmented into store-based and non-store-based.
Access Report @ https://www.marketresearchfuture.com/reports/plant-based-meat-market-8583
Regional Analysis
Europe holds the largest share in the global Plant-Based
Meat Market Share 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 Share 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 Share 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.
Comments
Post a Comment