Meat substitutes market is projected to expand at a CAGR of 5.8% during the periPosted by Shirish Wadaskar on September 25th, 2018 Meat substitutes are considered as being at the apex, with regards to innovation of food. There is no indication that the consumers will recoil from meat any time soon. However, there is increase in the demand for flexibility requirements in the diet. Controlling meat consumption is regarded as a method of flexibility. Apart from health-associated factors, sustainability and considerations are also impelling this movement, especially amongst the women. There is increase in the demand for meat substitutes mainly due to increasing health concerns such as diabetes and obesity. The global meat substitutes market is expected to grow due to health benefits such as general wellbeing and weight loss. Increasing adoption level of meat substitutes is influencing the manufacturers to develop and innovate the meat substitutes’ product lines, which eventually contributes considerably towards the growth of the global market for meat substitutes. In addition, perceived environmental and social concerns related to excessive consumption of meat, for instance, religious limitations as well as carbon footprint of meat production, has further directed consumers to decrease meat consumption and go for its substitutes. Noteworthy findings from the report indicates that the global market for meat substitutes will upsurge at an evaluated 5.8% CAGR over the forecast period, 2017-2026. The report also expects that by 2026-end, meat substitutes worth US$ 7,067.6Mn will be sold across the globe. Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4215 Meat Substitutes That Are Soy-Based to Create Opportunities for Expansion of Global Market Meat substitute products that are soy-based holds the potential for contributing the largest share in the market, followed by mycoprotein, through 2026. This is due to the fact that soy proteins are cost-efficient and dependable substitutes for meat and possesses the largest amount of protein, compared to various other meat substitutes. Meat substitutes that are soy-based also hold the capacity to be formed, in a way that it can represent the organoleptic features of meat products. Soy hot dogs, soy chicken, soy bacon, soy turkey and soy burger are a few prevalent soy-based food products. Frozen meat substitutes amongst the category type products accounts for lion’s share in the market through 2026. The increasing demand for convenience foods due to rising income level of consumers, is considered as one of the important factors that is fuelling the frozen meat substitutes market. Major countries like India and China are significantly contributing towards the expansion of the global frozen meat substitutes market. Notable Highlights from the Report on Meat Substitutes Market for Forecast Period, 2017-2026
Important market players sketched by the report is inclusive of Amys Kitchen Inc., Cauldron Foods, Meatless B.V., Vbites Food, Ltd., MGP Ingredients Inc., The Nisshin OilliO Group, DuPont, Beyond Meat, Garden Protein International, Inc., Quorn Foods, Morningstar Farms, Sonic Biochem Extractions Limited and ADM. Like it? Share it!More by this author |