ALL >> Food,-Cooking-and-Drink >> View Article
Meat Substitutes Market – Global Forecast To 2026
The report "Meat Substitutes Market by Source (Soy protein, Wheat protein, Pea protein), Type (Concentrates, Isolates, and Textured), Product (Tofu, Tempeh, Seitan, and Quorn), Form (Solid and Liquid), and Region - Global Forecast to 2026", is projected to reach USD 3.5 billion by 2026, from USD 1.6 billion in 2019, recording a CAGR of 12.0% during the forecast period. The rising awareness about plant-based meat and increasing health-cautiousness due to increasing obesity are projected to drive industry growth during the forecast period.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=979
The tofu product segment is estimated to dominate the meat substitutes market due to the increasing acceptance of them among plant-based meat manufacturers
Tofu has been traditionally considered a meat substitute in many countries. This is due to its low cost and easy availability. Tofu also resembles the taste of meat and helps to replace pork, chicken, and beef products. Moreover, it also has a high nutritious value, the rising awareness about which is also propelling the market. In a few ...
... clinical studies, tofu is proved to provide protection against cancer, heart diseases, and also helps in lowering the levels of bad cholesterol or low-density lipoprotein. Thus, these factors are dominating the tofu segment globally.
The demand for pea protein, as a source, to remain high during the forecast period
The market for pea proteins as a source of meat substitutes projected to grow at the highest CAGR during the forecast period; the projected growth is owing to the high nutritious value that pea protein. Furthermore, the rise in disposable income among the increasing middle-class population of Europe is facilitating more expenditure on the premium, highly-priced, and pant-based meat products. Hence, the growing demand for vegan products in the region is expected to fuel the growth of pea protein meat substitutes.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=979
With the increasing demand for plant-based meat, North America is estimated to dominate the meat substitutes market in 2019
The changing lifestyle and increasing buying power of consumers have increased the demand for meat substitutes. The growth of the region is owing to the increasing sale of plant-based meat products in North America and the rising acceptance of convenience foods among consumers due to their hectic lifestyles. Also, the inclination of the millennial population toward ready-to-eat foods drives the North American processed food market, which, in turn, is driving the demand for global meat substitutes.
In recent years, the rise in innovation in plant-based meat products has also been seen in the US. This factor is also expected to propel the market growth. Major companies of this region, such as Cargill (US) and ADM (US), are highly focusing on innovations to provide better products to their customers.
This report includes a study of the development strategies of the leading companies. The scope of this report consists of a detailed study of meat substitute manufacturers, such as Cargill, (US), Archer Daniels Midland Company (US), DuPont (US), Ingredion (US), Axiom Foods (US), MGP Ingredient (US), A&B Ingredients (US), and Puris (US).
Food, Cooking and Drink Articles1. Protect Your Body With A Healthy Dinner!
2. Best Caterers In Hyderabad With Price List For Every Party, Event, And Celebrations
Author: Sandeep Arvapalli
3. Should You Trust Buying Frozen Food?
Author: Gayatri Tampi
4. Benefits Of Getting Online Chocolate Delivery In 24 Hours
Author: Jyoti Vedi
5. Know About The Significance Of Exercise For Health
Author: Right Food Only
6. What Is It About Momos That Make Them So Much Popular?
Author: Gayatri Tampi
7. Readymade Food Is Not As Bad As You Think It To Be
Author: Gayatri Tampi
8. Catering Services In Hyderabad
9. Pokebowl And Acaibowl Restaurant Reviews!
10. Non-veg Caterers In Bangalore | Non-veg Catering Bangalore
11. Simple Tricks To Keeping Fruits And Vegetables Fresh Longer
Author: Isabella Whitmore
12. Pea Starch Market Is Expected To Reach $203 Million By 2026
13. Looking For Premium Quality Liquor? Read This Article
14. 6 Reasons To Eat Mushrooms
15. How Profitable Is It Buying From Keto Shop Online In Uk?