North America holds the lion’s share in the Global Plant-Based Meat Market

1. Increasing number of vegan populations boosts Global Plant-Based Meat Market Global Plant-Based Meat Market estimated to grow at a CAGR of 15% by 2025 North America holds the lion’s share in the Global Plant-Based Meat Market Market overview: The Global Plant-Based Meat Market was valued at USD 12.09 billion in 2019 and is projected to reach USD 27.89 billion by 2025, at a CAGR of 15.0% from 2020 to 2025. Plant-based meat is a substitute for meat derived from animal products that can mimic natural meat in taste, texture, and other properties. These products are primarily designed to be used as an effective alternative to chicken, pork, and beef. Plant-based meat products are considered a long-lasting solution to growing concerns about over-slaughter. Recent developments: In March 2019, Impossible Foods launched its plant-based meat, with a variety of dishes available in eight Singapore restaurants. The reason for the launch was to expand its global reach. In March 2019, Beyond Meat launched a plant-based ground beef product to meet growing consumer demand and enhance its portfolio of plant-based meat products. Kellogg-owned vegetarian meat brand MorningStar Farms is going vegan and is launching a new dairy-free, meatless cheeseburger. Market Drivers and Restrains: Growing consumer interest in plant-based diets, along with increased awareness of animal rights, is expected to drive the global Plant-Based Meat Market. Plant-based meat is an integral part of a vegan diet, in which people adopt a vegetarian lifestyle without food of animal origin. Therefore, an increasing number of people following a vegan diet will increase the growth of the market. The US market is expected to show high growth due to growing consumer demand for vegetarian food products that are high in fiber, vitamin C and iron, and

2. processed in saturated fat and fewer calories. Increasing penetration and adoption of the omnichannel approach are supposed to support ecommerce sales channels in the marketplace. However, the high prices plant-based food products like burgers, patties and sausages are likely to hamper the developments in the industry. To know more read: https://www.marketdataforecast.com/market-reports/plant-based-meat-market Market Segmentation: The worldwide market for plant-based meat is segmented by type, source and product. According to the type, it has been divided into chicken, beef, fish and pork. From a product perspective, hamburgers, meatballs, sausages, strips and nuggets are the main subsegments. By origin, the plant-based meat market is separated into soybeans, wheat, peas, and others. Due to its high protein content and meat-like texture, soy is widely used as a staple ingredient for plant-based pork, beef, and chicken products. Impact of COVID-19 on Plant-Based Meat Market As people around the world become more open to plant-based meat products, the industry is expected to see significant growth. Fears of a growing number of animal-borne diseases such as COVID-19, growing health concerns, and demand for clean-labelled and natural products are some of the main factors expected to drive growth of the plant-based meat industry during the coronavirus period. The pandemic, which has led to the imposition of closures in major cities around the world is expected to encourage online shopping, promoting sales in this market. Geographical Segmentation: North America dominated the market and accounted for more than 39.0% of the global revenue share in 2019. Regional market growth is credited by increasing consumption of meatless meat products, coupled with increased consumer awareness on the potential risk of consuming contaminated meat foods. The traditional meat market in the United States is

3. facing adverse effects of the coronavirus pandemic, with large companies closing their production units. The European market is supposed to experience the fastest growth during the anticipated years due to positive consumer prospects for vegetarian and vegan meat products and strict regulations against animal cruelty. Key market players: Some of the major players in the global plant-based meat market are Impossible Foods Inc., Beyond Meat, Parabel USA Inc, EI du Pont de Nemours and Company, Garden Protein International, Inc., Amy's Kitchen Inc., Morningstar Farms LLC and Quorn Foods, Inc. View sample and decide: https://www.marketdataforecast.com/market-reports/plant-based-meat-market/request- sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us:

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