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According to the latest report by IMARC Group,the global plant-based meat market reached a value of US$ 8.6 Billion in 2020.u00a0<br>Plant-based meat is a vegan meat substitute that is designed to mimic the flavor, texture and appearance of conventional meat, including chicken, beef and pork.<br>
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Global Plant-Based Meat Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Plant-Based Meat Market Outlook 2026: According to the latest report by IMARC Group, titled "Plant-Based Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global plant-based meat market reached a value of US$ 8.6 Billion in 2020. Plant-based meat is a vegan meat substitute that is designed to mimic the flavor, texture and appearance of conventional meat, including chicken, beef and pork. It is prepared by processing starch, edible oils, vegetable extracts, plant protein isolates and seasonings with additives, colorants and flavor-enhancing agents. Plant-based meat products are rich in protein, vitamins, minerals and other essential nutrients, and their consumption is associated with various health benefits, such as reduced chances of developing cardiovascular disorders (CVDs). As a result, they are widely utilized to replace animal proteins across numerous cafes, restaurants and fast food joints. Request for a free sample report: https://www.imarcgroup.com/plant-based-meat- market/requestsample
Report Description and Highlights Report Description Global Plant-Based Meat Market Trends: The increasing inclination of the masses toward veganism is one of the primary factors driving the market growth. Furthermore, there is rising health-consciousness among individuals and awareness regarding the adverse health effects of excessive meat consumption. This has facilitated the adoption of vegan and vegetarian products significantly, including plant-based meat, in the daily diet. The market is further driven by the increasing concerns regarding animal welfare and protection and awareness campaigns led by numerous animal welfare organizations, such as People for the Ethical Treatment of Animals (PETA), to reduce animal killing and cruelty. Furthermore, various established fast food brands are now introducing vegetarian alternatives for their popular meat-based products, which is creating a positive outlook for the market. For instance, Burger King, an American-fast food restaurant chain, recently introduced the Impossible Whopper, a burger prepared with plant-based patty, which is gaining popularity among the masses.
Report Description Report Description and Highlights Strategic partnerships between various vegan meat-producing start-ups and prominent food manufacturers are acting as another major growth-inducing factor. Some of the other factors driving the market growth include rising consumer expenditure on food and product premiumization offered by key industry players in the market. Market Summary: Breakup by product Type: • Burger patties • Sausages • Nuggets and strips • Ground meat • Meatballs Breakup by Source: • Soy • wheat • Peas
Report Description Report Description and Highlights Breakup by Meat Type: • Chicken • Beef • Pork Breakup by Distribution Channel: • Restaurants and catering industry • Supermarkets and hypermarkets • Convenience and specialty stores, • Online retail Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa On account of the aforementioned factors, the market is expected to witness moderate growth during 2021-2026.
Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • Amy's Kitchen Inc. • Beyond Meat Inc. • Kraft Heinz Company • Conagra Brands Inc. • Impossible Foods Inc • Maple Leaf Foods Inc. • Kellogg NA Co. • Marlow Foods Limited • The Vegetarian Butcher • VBites Foods Limited View Report TOC, Figures and Tables : https://www.imarcgroup.com/plant-based-meat-market
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