Plant-based Meat Market: Rapid Gravitation toward Plant-based Alternatives to Foster Demand

Published on : Nov 28, 2018

Albany, New York, November 28, 2018: The demand for plant-based meat is on a rise, owing to both ethical as well as environmental reasons. The rise in sales of plant-based meat has been a significant one by virtue of the all-time high demand for plant-based substitutes. With more and more numbers vying to decrease meat consumption, the demand for plant-based meat has revved up by a notable margin. Households as well as restaurants are proactively embracing the concept if plant-based meat with an objective of diversifying their offerings. This research report titled “Global Plant-based Meat Market Insights, Forecast to 2025” that has been included in the all-inclusive research repository of Market Research Hub (MRH). The study offers in-depth analysis on the key trends influencing growth of plant-based meat market.

The rising trend of giving up on consumption of animal protein for the sake of health benefits and environmental sustainability is spurring the sales of plant-based meat. Rapid advancements in science and technology have brought in various developments in case of appearance and taste of plant-based meat, aiding the market players to tap into new customer segments. Plant-based meat alternatives have been observed as the realm of vegans, which is another significant factor fuelling growth of plant-based meat.

Key brands operating in the plant-based meat market are vying to develop products that are relatively healthier, more sustainable, and environment-friendly. Moreover, producers are also trying to create taste attributes that overlap with that of animal-based variant, for a satisfactory indulgence of the consumers.

The plant-based meat available in the market have similar attributes in terms of taste and texture of that of animal-based meat, leaving no room for dissatisfaction. Moreover, the clamor for plant-based meat products is also increasing on account of it being an integral part of the ingredient base of food products that rev up protein content with no or minimum cholesterol.

Plant-based Meat Market: An Overview of the Report

This report consists of a detailed analysis of the market size of plant-based meat across key regions such as North America, Central & South America, Europe, Asia Pacific, and Middle East & Africa. The report also emphasizes on the consumption ratio of plant-based meat across these regions along with prevalent trends impacting the regional market growth.

This research report offers a detailed market structure of plant-based meat market by companies/brands, by region, by type, and by application. This report also sheds light on the global market status, market share, competition landscape, as well as growth rate, market opportunities, drivers, trends, and challenges, Porter's Five Forces Analysis, sales channels, and distributors.

Some of the key contributors holding a crucial spot in the value chain of plant-based meat market include distributors, intermediaries, manufacturers, suppliers, and customers. Some of the key companies operating in the plant-based protein market include Turtle Island Foods, Nutrisoy, Amy's Kitchen, Atlantic Natural Foods, Impossible Foods, The Hain Celestial Group, Beyond Meat, Pacific Foods of Oregon, Monde Nissin Corporation, Kellogg Company, Fry Group Foods, and Nasoya Foods.

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