Meat Alternatives Market Size, Share, Analysis, Industry Report and Forecast 2021-2027

The global meat alternatives market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period (2021-2027). Meat production especially beef production has been found to be the biggest contributor for the occurrence of these greenhouse gases. Meat consumption is responsible for releasing greenhouse gases such as methane, CO2, and nitrous oxide. These gases contribute to climate change, such as global warming and others. Livestock use huge amounts of the Earth’s land and water resources, and cattle are known producers of methane, a powerful greenhouse gas. With issues of climate change and sustainability becoming increasingly urgent, the growth in changing consumers’ perception towards sustainability has been seen as a result meatless alternatives are steadily gaining popularity. Due to Meat alternatives generally do not have as profound environmental impact as beef; this is heavily driving the growth of meat alternatives market.

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For instance, in July 2020, Oxford Martin School researchers have found a global switch to diets that rely less on meat and more on fruit and vegetables could save up to 8 million lives by 2050, reduce greenhouse gas emissions by two thirds, and lead to healthcare-related savings and avoided climate damages of $1.5 trillion and according to the studies of Good Food Institute, plant-based meat emits 30%–90% less greenhouse gas than conventional meat.

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Product Type

· By Source

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including A&B Ingredients, Inc, DuPont de Nemours, Inc., Keystone Natural Holdings, Morinaga Nutritional Foods, Inc., The Tofoo Company Ltd., and others.

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Global Meat Alternatives Market Report Segment

By Product Type

• Tofu

• Textured Vegetable Protein (TVP)

• Tempeh

• Seitan

• Quorn

• Others (Natto, Quinoa, Lupine)

By Source

• Soy-based Meat Alternatives

• Wheat-based Meat Alternatives

• Mycoprotein Meat Alternatives

• Other Sources (Pea protein)

Global Meat Alternatives Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· All Organic Treasures GmbH

· Archer Daniels Midland Co.

· Axiom Foods, Inc.

· Batory Foods

· BENEO GmbH

· Cauldron Foods

· Cargill

· Conagra Brands, Inc.

· Crespel&Deiters GmbH & Co. KG

· Hain Celestial Group, Inc.

· House Foods America Corp.

· IMARC

· InnovoPro

· Kerry Group plc

· Loveseitan Ltd.

· Meatless

· MGP

· Nasoya Foods USA

· PURIS

· Roquette Frères

· Sonic Biochem

· The Nisshin OilliO Group, Ltd.

· Tofurky Company, Inc

· VBites Foods Limited

· Wilmar International Ltd

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