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plant based meat market is segmented by type, source, product and geography with country-level analysis. we have included all these segments in the market research report.
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DESCRIPTION The plant-based meat market is projected to reach US$4,780.609 million in 2024 from US$1,571.438 million in 2018 at a CAGR of 20.37%. Plant-based meat and products are considered as meat substitute imitate the properties found within natural meats. They are made using plants and other non-animal products and constitute ingredients like soya-beans, wheat gluten, tofu and tempeh among a variety of other nuts. Compared to meat products, plant-based meats offers consumers a more sustainable and environmentally friendly line up of meat alternatives and are widely adopted by consumers in various parts of the world.
Some Key Questions Answered By The Report • What will be Plant Based Meat Market from 2019 to 2024? • How are the major drivers and restraints affecting the Plant Based Meat Market. • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why?
Rising Demand Which Impact On Market Growth Plant based meat is more sustainable and enviournment friendly and growing population in other parts of world has adopted it which is fuelling the demand of this market
Some Growth factors of Plant Based Meat Market • The growing vegan population around the globe is expected to be one of the prime drivers for the growth of the market during the forecast period • investment in research and development by plant-based meat manufacturers in terms of better taste, texture and aroma with longer shelf life also open up the growth opportunities in the coming years.
Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others
Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others
Recent Developments in Plant-Based Meat Market: • In December 2019, Plant-based start-up Moving Mountains announced that it will launch its vegan meat products in UK supermarkets. Recently the company has launched its meatless burgers and sausages in nearly 800 Woolworth’s stores in Australia. • Recently, Sister’s brands Carl’s Jr. and Hardee’s added a suite of new breakfast items which features plant-based meat products made by beyond meat.
Segment Analysis • We have included all segments of this market in market research report. • This Market has been segmented by Product, by Type, by Source, Product and Geography with country level analysis • For complete segment information visit us https://www.knowledge-sourcing.com/resource/blog-plant-based-meat-opens-up-mouth-watering-opportunities-for-manufacturers
What The Future Holds As we look in the upcoming years, more plant-based products are expected to come and developing economies provide a wide range of opportunities for new market players. Thus, the plant-based meat market has a bright future ahead and has the potential to grow at an astounding rate of 20.37% during the forecast period.
COMPANY PROFILES • Beyond Meat • Impossible Foods • Quorn Foods • Vegeterian Butcher • Sunfed • Maple Leaf Foods • VBites • Tofurky • Gold & Green Foods • Garden Protein International
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