Selbyville, Delaware, July 16, 2019 (GLOBE NEWSWIRE) --
The plant-based meat market is poised to rise from $150 million in 2018 to over $320 million by 2025, according to a 2019 Global Market Insights, Inc. report. Increasing demand for plant-based meat alternatives on account of rising consumer awareness towards health benefits to minimize cancer risk, healthier insulin, and improve cholesterol levels should accelerate market growth.
Plant-based meat can be sourced from various sources including wheat, soy, pea, lentils, & oats which gives consumer to make different foods such as Chinese, Vietnamese, and European which should foster plant-based meat market growth.
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Pea based meat market demand should witness significant gains at over 10.5% by 2025. Growing consumer preference for plant alternatives to meat owing to increased concentration of fiber, vitamin, healthy fats, and roughage should foster plant-based meat market demand. Increasing consumer awareness on environmental susceptibility is changing buying perceptions as plants require fewer resources like water, and space which should trigger demand for plant-based meat.
In 2018, ground meat wheat-based meat market size was at about USD 3 million. Increasing pressure on water, land and animal resources to produce meat for the growing population has led to growing demand of meat substitutes. Wheat based meat alternatives can be utilized to prepare various types of meatball dishes as Turkish, Swedish, and Köttbullar. Wheat has effective binding proteins which gives it juicy texture like meat protein & is rich in amino acids, lipids, and fiber which should accelerate market share.
Browse key industry insights spread across 460 pages with 843 market data tables and 25 figures & charts from the report, “Plant-based Meat Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/plant-based-meat-market
U.S. soy-based meat industry demand should witness consumption at over 100 kilo tons during the forecast period. The product’s ability to serve as a whole protein source, suitability for various recipes and tendency to absorb flavor from food should promote plant-based meat market size. Increasing prevalence of digestive disorders such as gastric ulcers, gastritis, and diarrhea has increased demand for soy & pea alternatives owing to high concentration of vital amino acids, affordable nature, and easily digestible characteristics should boost market revenue.
Germany bacon wheat-based meat market size should register over 10% gains by 2025. Significant spurt in fast food chains where the product finds use in various dishes owing to its relatively neutral flavor should boost plant-based meat market growth. Rise in awareness campaigns by PETA and Eurogroup for animals is shifting consumer preference towards plant-based nutrition. Soy, wheat, & oats can be easily substituted for pork products & are utilized to make traditional German dishes such as sausages & schnitzel without the loss of flavor, texture, and nutrition which should accelerate market growth.
DuPont, Amy’s Kitchen, Quorn Foods, Maple Leaf Foods, The Vegetarian Butcher, Impossible Foods, and Gardein Protein are key participants in plant-based meat market. Companies are focusing to expand their product line by offering alternative plant-based sources for exotic red & white meat derived from veal, turkey, quail, tune, rabbit, ostrich, venison, & elk to widen product portfolio and widen geographical presence which should boost market share.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.