Plant Based Meat Market will be US$ 7 Billion globally by 2025
  • 4 years ago
These days growing number of customers are demanding meat based on plants, either for medical reasons or as a healthy lifestyle. As a result, the demand for meat based on plants is continuing to grow. In addition, ongoing research and development activities by plant-based meat manufacturers in terms of improved taste, texture, longer shelf life, and better nutrient profiles are projected to increase the growth of the global plant-based meat market in the next couple of years. Plant Based Meat Market is expected to be more than US$ 7 Billion globally by 2025.

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Renub Research report titled “Plant Based Meat Market Global Analysis by Source (Soy, Mycoprotein, Wheat, Others), Product (Textured Vegetable Protein (TVP), Tofu, Quorn, Tempeh, Seitan, Others), Countries (United States, United Kingdom, Germany, Italy, China), Regions (North America, Europe, Rest of the World), Companies (Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company), Quorn Foods)” provides a complete analysis of global plant based meat market.

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Market Summary:
By Source Type: The plant-based meat commodity can be segmented into soy, Wheat Based and mycoprotein based on the source. Because of its growing popularity among its customers, soy and gluten-based (wheat) sources are expected to have higher volume share among these sources.
By Product Type: Based on the type of product, plant-based meat products can be segmented into tofu, Textured Vegetable Protein (TVP), Tempeh, Seitan, quorn and other food products that account for a minimum share of the above products. As it is made from soybeans and high in protein and calcium, Tofu was considered one of the favorite plant-based meat dishes.
By Regions: Regional profile is divided into five different regions for the plant-based meat market: North America, Asia Pacific, Europe, Others. Asia Pacific region, due to the increasing popularity of plant-based meat products among customers, was projected to have a higher share in volume and value sales.
By Companies: The study provides a comprehensive market assessment of top key players; Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company) and Quorn Foods. As a key strategy for increasing their market presence, these businesses have adopted new product launches.

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