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FELTON, Calif., March 16, 2021 /PRNewswire/ As per the published report, the global plant-based meat market size is estimated to arrive at USD 13.8 billion by 2027. It is projected to develop by 19.4% CAGR, in the period of the forecast.
Key Factors Responsible for the Growth of Plant-based Meat Market:
Increasing acceptance of vegetarian eating habits between fitness aware clients, particularly in the developed nations, is projected to impel the expansion of the market for plant-based meat, during the period of the forecast. Rising concerns about the Greenhouse Gas (GHG), produced by the procedures of the meat business, in addition to the animal wellbeing, accompanied by the support of public figure for the vegetarian eating habits, are estimated to boost the demand for the plant-based meat foodstuffs, in the market. Mainly, the plant-based meat is used up in the Hotel/Restaurant/Café (HORECA) subdivision.
Plant-based Meat Market Size To Reach $13.8 Billion By 2027, Owing To Rising Adoption Of Vegetarian Eating Habits Among Fitness Aware Consumers prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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Australians are eating more fake meat than ever before, according to the latest annual report tracking the emerging industry.
The major supermarkets have responded to growing demand for meat-free burgers, sausages and ready meals by doubling the number of plant-based meat products on their shelves in the past financial year.
The surging demand for fake meat has led to a doubling of industry jobs and manufacturing revenue.
Guest: Thomas King, CEO, Food Frontier
Producer:
‘Impact will come with scale…’ Ingredion, PURIS, ramp up plant protein capacity
Ingredion president and CEO Jim Zallie: We’re celebrating a pivotal moment in our company’s history. (picture: screengrab from Ingredion s March 3 virtual event) Market projections for meat and dairy alternatives vary wildly, with Impossible Foods’ CEO predicting animal agriculture could hit a ‘death spiral’ by 2035, while Wells Fargo reckons plant-based meat will account for a rather more modest 4% of the US meat market by 2029.
However, everyone agrees plant-based protein capacity needs to expand significantly to meet demand, says Ingredion, which has just opened a state-of-the-art facility in South Sioux City Nebraska producing pea protein isolates and starch; while PURIS - a key supplier of pea protein to Beyond Meat, with backing from Cargill – is gearing up to open a new facility in Dawson, MN this year, after significantly expanding production at
Plant-based meat and dairy brands are wooing not vegans, but âflexitariansâ
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A fast growing group of plant based meat and dairy brands are trying to find a place in the Indian consumerâs daily food and nutrition routine.
Indians are being introduced to a category of food products which has the properties of animal-based items, but is sourced purely from plants. Quite a few new brands are busy adding plant-based meat and dairy alternatives to the Indian palate.
As companies like GoodDot, Blue Tribe Foods and Imagine Meats bring in plant-based meat alternatives, brands like Goodmylk, So Good and Good Karma, have vegan dairy alternatives (from milk to mayonnaise) on offer. These new products are aligned with the global âveganâ consumer movement of ditching everything animal-based.