Leading Plant-Based Meat Manufacturers in World | By IMARC Group

Plant-Based Meat Industry Outlook:

Plant-based meat represents a vegan alternative that resembles meat products in color and appearance. It is generally produced by mixing plant protein isolates, starch, vegetable extracts, edible oils, and several other seasonings. These raw materials are further processed with coloring agents and additives to attain flavor and texture, similar to animal meat. Plant-based meat products assist in minimizing the risks of cardiovascular diseases, maintaining calories, lowering blood cholesterol, increasing protein consumption, etc. In line with this, they are also considered to be ecologically sustainable. As such, plant-based meat products are commonly available across cafes, fast food joints, restaurants, hypermarkets and supermarkets, specialty stores, and other catering platforms.

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Plant-Based Meat Industry Growth Analysis:

The emerging trend of veganism is primarily driving the plant-based meat market. Additionally, the rising consumer inclination from a non-vegetarian diet towards plant protein-sourced food items and the growing prevalence of obesity and diabetes are further catalyzing the market growth. Besides this, improving living standards of individuals have increased the per capita expenditures on premium-quality food products, including vegan food, which is acting as another significant growth-inducing factor.

Moreover, the development of meat items with better texture, aroma, longer shelf life, and high nutritional value is also positively influencing the global market. Apart from this, food companies are entering into strategic partnerships with numerous vegan meat-producing start-ups to expand their product portfolios, which is propelling the market growth. Furthermore, the widespread adoption of these vegan alternatives across various cuisines, such as Thai, Italian, Chinese, etc., is anticipated to fuel the plant-based meat market over the forecasted period.

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Top 10 Plant-Based Meat Companies:

1. Amy's Kitchen, Inc.
Establishment: 1987
Headquarters: California, United States

2. Beyond Meat
Establishment: 2009
Headquarters: California, United States

3. Boca Foods Company (Kraft Foods, Inc.)
Headquarters: Illinois, United States

4. Gardein Protein International, Inc. (Conagra Brands, Inc.)
Establishment: 2003
Headquarters: Richmond, BC, Canada

5. Impossible Foods, Inc.
Establishment: 2011
Headquarters: California, United States

6. Maple Leaf Foods
Establishment: 1927
Headquarters: Mississauga, United States

7. MorningStar Farms (Kellogg Na Co.)
Establishment: 1975
Headquarters: Michigan, United States

8. Quorn Foods
Establishment: 1985
Headquarters: Stokesley, United Kingdom

9. The Vegetarian Butcher (Unilever PLC)
Establishment: 2010
Headquarters: Noord-Brabant, The Netherlands

10. Vbites Food Limited
Establishment: 1993
Headquarters: Corby, United Kingdom

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