Plant-Based Meat Market Is Booming Worldwide| 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 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.

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Market Outlook
• Among product types, tofu segment accounted for the highest market share in the market in 2017. Tofu, originated in China about 2000 years ago, is efficient source of protein and contains all eight essential amino acids. Notable health benefits of tofu include, low cholesterol levels, maintaining cardiovascular health, preventing osteoporosis and ease menopause symptoms.

• Among end-use industries, household segment held dominant position in the market in 2017 and is expected to retain its dominance over the forecast period. This is owing to high availability and accessibility and less cost of plant-based products.

• 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.

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This release was published on openPR.