Plant-Based Meat Market Latest Research Report 2019: 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.

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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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 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. Moreover, plant-based meat helps to reduce the calorie intake by 20%, which helps to reduce weight. The meat substitute reduce risk of heart disease, cancer, lower blood cholesterol, and increasing bone mass. Adulteration and infectious in meat can cause brain disorder, diarrhea, abdominal cramps, muscle pain, and fever. Therefore, increasing prevalence of such diseases associated with meat consumption is projected to boost growth of plant-based meat market over the forecast period

Abundance of feedstock worldwide is major factor contributing to growth of the plant-based meat market. According to the Food and Agriculture Organization (FAO), estimated production of cereal in 2017-18 was pegged at 2,650.8 million metric tons worldwide.

Market Outlook

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. Moreover, North America has high prevalence of obesity in adults as well as in children. Adults have 40% prevalence of obesity while for children and adolescents the prevalence of is around 20%.

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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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