Plant-Based Meat Market Detailed Analysis & Focusing on Key Leaders Beyond Meat, Impossible Foods Inc., Parabel USA Inc., Archer Daniels Midland Company, Amy’s Kitchen Inc.

Plant-Based meat is a food made from soy or gluten which provides same nutritional value as meat. Plant-based meat products are gaining popularity nowadays due to many health and environmental reasons. There are two different methods of processing plant-based meat: thermoplastic extrusion and fiber spinning. Plant-Based meat products are extensively adopted in daily diet, owing to presence of essential nutrients similar to meat products.

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Market Outlook

-Asia Pacific accounted for the highest share in plant-based meat market in 2017 and is projected to maintain its dominance over the forecast period. This is owing to increasing demand for meat substitute food products. Moreover, tempeh and tofu have been considered to be the staple food in the Asian countries especially in China, Japan and Korea.

-North America is projected to be the fastest growing region in the market over the forecast period. Key factors such as bulk availability of raw materials, increasing population, and high consumption of non-meat products are creating immense opportunities for growth of the market.

Key players in Global Plant-Based Meat Market

Key players operating in the global plant-based meat market include, Beyond Meat, Impossible Foods Inc., Parabel USA Inc., Archer Daniels Midland Company, Amy’s Kitchen Inc., Quorn Foods, Inc., Garden Protein International, Inc., and Morningstar Farms LLC.

Market Taxonomy

On the basis of product type, the global Plant-Based meat market is segmented into:

Tofu
Mushroom
Tempeh
Quorn
Seitan

On the basis of source, the global Plant-Based meat market is segmented into:

Gluten Based
Soy based
Mycoprotein

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This release was published on openPR.