Global Plant-Based Meat Market Expected to Grow At a CAGR of 14.5% between 2021-2028
HYDERABAD, TELANGANA, INDIA, March 28, 2022 /EINPresswire.com/ -- Plant-based Meat Market Forecasts to 2028 – Global Analysis By Type (Beef, Chicken, Fish, Mushrooms), Product (Burger Patties, Meatballs, Natto), Process (Blending, Forming/Shaping, Grinding), End User, and By Geography
The Global Plant-Based Meat Market is accounted for $4.83 billion in 2021 and is expected to reach $12.46 billion by 2028 growing at a CAGR of 14.5% during the forecast period. A food made from non-meats or sometimes without any other animal products such as dairy products which act as a meat substitute or meat alternative but has same amount of protein content is called plant based meat product. Many plant based meat products are soy based or gluten based products. Plant based meat products are currently processed through two basic methodology i.e. either by thermoplastic extrusion or fiber spinning. Thermoplastic extrusion is most commonly used methodology to produce plant based meat products. It is considered to be cost effective method of accommodating large scale productions. On the other side, fiber spinning increases the cost of production which eliminates the advantage of creating an inexpensive plant based meat products. The pea segment is estimated to have a lucrative growth, as it is perceived as a clean-label ingredient and has the added benefits of being soy-free, gluten-free, and lactose-free. North America is projected to hold the largest market share during the forecast period, due to rising consumer awareness of the risks associated with consuming contaminated meat goods, along with increasing consumption of meatless meat products. Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the adaptation of healthy lifestyles, urging consumers to opt for natural ingredients, growing health concerns among consumers related to animal-based protein sources, ethical concerns, and environmental concerns.
Some of the key players profiled in the plant-based meat market include Amy’s Kitchen, Beyond Meat, Gardein Protein International (Pinnacle Foods), Gold&Green Foods Ltd, Impossible Food Inc, Maple Leaf Foods, Morningstar Farms, Quorn Foods, Sunfed, Tofurky, VBites Foods Limited, Vegetarian Butcher, The Kellog Company, Planterra Foods, and Omni Foods.
Browse complete "Plant-Based Meat Market" @ https://www.strategymrc.com/report/plant-based-meat-market
Stratistics Market Research Consulting Private Limited offer reports which supply an in-detail study and predict about the industry covering the inclusive overview of the market that will help clients and business creation policies. Our report offers company profiling with meticulous strategies such as business overview, financials, key products, and current key developments along with the SWOT analysis of the key players related to the market, and porter’s five forces for the market insights. Our reports are devised with eclectic industry audience in mind and give a snapshot into the attractiveness, possible and competitive scenery of a market mapping the key frequent trends. Our report covers market share estimations for the provincial and country-level segments and diverse market trends such as market opportunities, challenges, key drivers and restraints, futuristic scenarios, threats, volume and value forecasts, strategic recommendations, covid-19 impact, and various investment opportunities for the producers operating in the global and regional markets. The reports are constantly updated every year and revised by team of research experts, so that it will reflect the current trends and information, and making sure that all trends and insight are captured and analyzed in a single report.
Request a Sample of this Plant-Based Meat Market - Global Market Outlook (2021-2028) @ https://www.strategymrc.com/report/plant-based-meat-market/request-sample
We offer market estimations, forecasts, regional segmentation for the market which covers the world’s largest economies, and CAGR of any prominent country in the report as per the client's interest. We have high experience in research and consulting for diverse industry domains to supply to the requirements of both individual and corporate clients. Our research teams are a permutation of shrewd experience and young exuberance that reflects in the quality of the work. Our report provides data information related to the strategic initiatives such as partnerships, mergers, acquisitions, collaborations, expansions, agreements, product launches, and joint ventures for the foremost companies on a regional scale for the assorted markets in the industries. Our experienced consulting team uses proprietary data sources and different tools and methods to collect and analyze the information and is their mettle and stance towards providing the best to our clients that makes the reports be prominent.
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StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
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The Global Plant-Based Meat Market is accounted for $4.83 billion in 2021 and is expected to reach $12.46 billion by 2028 growing at a CAGR of 14.5% during the forecast period. A food made from non-meats or sometimes without any other animal products such as dairy products which act as a meat substitute or meat alternative but has same amount of protein content is called plant based meat product. Many plant based meat products are soy based or gluten based products. Plant based meat products are currently processed through two basic methodology i.e. either by thermoplastic extrusion or fiber spinning. Thermoplastic extrusion is most commonly used methodology to produce plant based meat products. It is considered to be cost effective method of accommodating large scale productions. On the other side, fiber spinning increases the cost of production which eliminates the advantage of creating an inexpensive plant based meat products. The pea segment is estimated to have a lucrative growth, as it is perceived as a clean-label ingredient and has the added benefits of being soy-free, gluten-free, and lactose-free. North America is projected to hold the largest market share during the forecast period, due to rising consumer awareness of the risks associated with consuming contaminated meat goods, along with increasing consumption of meatless meat products. Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the adaptation of healthy lifestyles, urging consumers to opt for natural ingredients, growing health concerns among consumers related to animal-based protein sources, ethical concerns, and environmental concerns.
Some of the key players profiled in the plant-based meat market include Amy’s Kitchen, Beyond Meat, Gardein Protein International (Pinnacle Foods), Gold&Green Foods Ltd, Impossible Food Inc, Maple Leaf Foods, Morningstar Farms, Quorn Foods, Sunfed, Tofurky, VBites Foods Limited, Vegetarian Butcher, The Kellog Company, Planterra Foods, and Omni Foods.
Browse complete "Plant-Based Meat Market" @ https://www.strategymrc.com/report/plant-based-meat-market
Stratistics Market Research Consulting Private Limited offer reports which supply an in-detail study and predict about the industry covering the inclusive overview of the market that will help clients and business creation policies. Our report offers company profiling with meticulous strategies such as business overview, financials, key products, and current key developments along with the SWOT analysis of the key players related to the market, and porter’s five forces for the market insights. Our reports are devised with eclectic industry audience in mind and give a snapshot into the attractiveness, possible and competitive scenery of a market mapping the key frequent trends. Our report covers market share estimations for the provincial and country-level segments and diverse market trends such as market opportunities, challenges, key drivers and restraints, futuristic scenarios, threats, volume and value forecasts, strategic recommendations, covid-19 impact, and various investment opportunities for the producers operating in the global and regional markets. The reports are constantly updated every year and revised by team of research experts, so that it will reflect the current trends and information, and making sure that all trends and insight are captured and analyzed in a single report.
Request a Sample of this Plant-Based Meat Market - Global Market Outlook (2021-2028) @ https://www.strategymrc.com/report/plant-based-meat-market/request-sample
We offer market estimations, forecasts, regional segmentation for the market which covers the world’s largest economies, and CAGR of any prominent country in the report as per the client's interest. We have high experience in research and consulting for diverse industry domains to supply to the requirements of both individual and corporate clients. Our research teams are a permutation of shrewd experience and young exuberance that reflects in the quality of the work. Our report provides data information related to the strategic initiatives such as partnerships, mergers, acquisitions, collaborations, expansions, agreements, product launches, and joint ventures for the foremost companies on a regional scale for the assorted markets in the industries. Our experienced consulting team uses proprietary data sources and different tools and methods to collect and analyze the information and is their mettle and stance towards providing the best to our clients that makes the reports be prominent.
Browse the latest market research reports by Stratistics MRC:
Cattle Feed Market Forecasts to 2028 – Global Analysis By Ingredients (Corn, Oilseeds, Additives), Animal Type (Young Ruminants, Mature Ruminants), Distribution Channel, Application, End User, and By Geography
Cold Chain Market Forecasts to 2028 – Global Analysis By Temperature (Chilled, Frozen), Technology (Blast Freezing, Programmable Logic Controller (PLC), Cryogenic Systems) and By Geography
Food Preservatives Market Forecasts to 2028 – Global Analysis By Type(Natural, Propionates), Function (Antimicrobial, Antioxidant), Application (Bakery, Beverages, Canned & Preservative Food) and By Geography
About Us:
StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
Contact Us:
Stratistics Market Research Consulting
Phone: +1-301-202-5929
Email: info@strategymrc.com
Website: https://www.strategymrc.com/
Visit our Blog: https://strategymrc.blogspot.com/
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