Plant-Based Meat Market Growth prospects with challenges, Analysis of regional trends, key players Beyond Meat, Impossible Foods Inc., Parabel USA Inc., Archer Daniels Midland Company, Amy’s Kitchen Inc., Quorn Foods, Inc., Garden Protein International

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 Dynamics -

- Increasing health awareness in consumers, meat adulteration, and environmental or ethical concerns are major factors that drive plant-based meat market growth. Consumers are changing their dietary pattern in order to exclude meat protein and include Plant-Based protein. These products help consumer with daily protein supply required for better health.

- Plant -based meat is not suitable for everyone and especially to those who have gluten intolerance or sensitivity. Such allergy may lead to increased intestinal permeability and gut inflammation, which is major factor hindering the market growth.

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.

- 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

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