Plant-based Meat Market top manufacturers sales, and cost structures forecast 2024

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.

However, 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. Excessive intake of plant-based meat products may increase the weight of the body.

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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.

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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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.

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