Meat Substitutes Market COVID -19 Impact Research Report with Top Players and Growth Opportunity | Archer Daniels Midland Company, Tyson Foods, DuPont, Marlow Foods Ltd

Factors such as the increasing concerns about food nutrition, security, and sustainability and mounting investments in plant-based protein sources will drive the meat substitutes market growth during the forecast period (2021–2023). According to P&S Intelligence, the market generated ~$2 billion in revenue in 2020. At present, the surging consumer preference for vegan diets has become a prominent market trend, owing to the growing public awareness of healthy eating habits, hygienic food, and weight management.

One of the key growth drivers of the market is the mounting concerns being raised over food security, nutrition, and sustainability. Food security refers to the state of having reliable access to a substantial quantity of nutritious and affordable food. As per the Climate Change and Land report of the United Nations (UN), food security may be compromised unless there is a transition away from red meat and animal protein sources, such as dairy products, eggs, and pigs to plant-based foods, such as legumes, fruits, and vegetables, which emit lower amounts of greenhouse gases (GHGs) than red meat over their lifetime.

Request to Get the Sample Pages: https://www.psmarketresearch.com/market-analysis/meat-substitutes-market/report-sample

Globally, the North American meat substitutes market is expected to generate the highest revenue during the forecast period, due to the rising customer preference for meat alternatives derived from plant-based ingredients and escalating health awareness among the populace of the region. As per the Academy of Nutrition and Dietetics, vegans are less likely to develop cancer, heart disease, high blood pressure, and diabetes than meat-eaters. Moreover, the weight of vegans is nearly 20 pounds less than meat-eaters.

Whereas, the Asia-Pacific (APAC) region is expected to demonstrate the fastest growth in the meat substitutes market during the forecast period. This can be primarily attributed to the surging food consumption in the region, owing to the growing population and mounting awareness about healthy diets, such as vegetarian and vegan diets. According to the United Nations Population Fund (UNFP), APAC is home to approximately 4.3 billion people and two of the most populous countries in the world— India and China.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=meat-substitutes-market

Therefore, the rising concerns regarding food nutrition, sustainability, and security and increasing shift toward vegan diets will catalyze the market growth in the forthcoming years.

P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/pnsintelligence/

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.