Plant-Based Meat Market Growth, Share, Demand, Outlook, and Forecast Report 2023-2030

Plant-Based Meat Market Overview
Plant-based meat is becoming a staple of vegan diets, and living a vegetarian lifestyle devoid of animal products is becoming the standard. While certain consumer groups gravitate toward veganism for ethical and health reasons, others prefer vegetarian components to prevent animal cruelty and to consume sustainable food and beverage commodities. These elements are what fuel the market for plant-based meat substitutes.

All nine of the standard amino acids, which are essential for the proper development of the human body, are also present in soy. Because soy can enhance the final product's water absorption, emulsification, solubility, viscosity, anti-oxidation, and texture, its demand in plant-based meat products is expected to rise in the next years. This will in turn propel the market for plant-based meat.

Plant-Based Meat Market Size and Growth Analysis
The global Plant-Based Meat Market is expected to exhibit a CAGR of 20.2% during the forecast period 2023-2030.

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Plant-Based Meat Market Dynamics and Trends
The demand for plant-based meat has expanded over the past few years throughout the world due to rising consumer knowledge of the health benefits of veganism. Vegetarian foods with high fiber, vitamin C, and iron content and low processed saturated fat content are becoming more and more popular. The market for plant-based meat is also expected to grow as a result of producers' constant efforts to create a product with enhanced nutritional profiles, better texture and aroma, and a longer shelf life.

The market for plant-based meat is becoming more diverse and expansive as a result of the rising popularity of numerous plant-based meat substitutes. The market for plant-based hogs, poultry, and seafood is expanding in addition to plant-based beef.

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Plant-Based Meat Market Segment Analysis

By Product Type
By Meat Type
By Source
By End User
By Region

Major Companies Covered
Beyond Meat, Impossible Foods Inc., Amy's Kitchen, Inc., Garden Protein International, Inc., Quorn Foods, Inc., Lightlife Foods, MorningStar Farms (The Kellogg Company), Tofurky, VBites Foods Limited, and Before the Butcher.

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