Global Meat Free Food Market Outlook 2022: Top Companies, Trends and Future Prospects Details for Business Development
According to a new report published by Reports Monitor titled, “Meat Free Food Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Meat Free Food Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Meat Free Food Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A vegetarian and meat-free food has boosted over the last decade and shows no signs of stopping. It is much easier to be a vegetarian these days. In earlier days vegetables were the only choice. Now a day’s vegetarian food ingredients, such as Quorn and Tofu, are readily available and books on vegetarian cuisine are plentiful. A meat free diet may include fish and shellfish. Many people also follow a semi-vegetarian diet, and occasionally consuming meat and fish.
The meat free food market is growing due to increased preferences for vegetarian and vegan foods. Growing health problems including heart diseases, high blood pressure, diabetes, asthma, and others have led to increase in number of health-conscious individuals over the globe. However, there are variety of low-cholesterol meat products available in the market including lean meat which can hamper the growth of the market.
On the basis of segmentation, the market is segmented by veganism type, by product, by application, and by region. According to the veganism type segment, market is divided into veganism, buddhist vegetarianism, lacto vegetarianism, Ovo vegetarianism, and others. The product segment is categorized into mycoprotein(quorn), pea protein, tofu, tempeh, seitan, and others. On the basis of application segment, the market is bifurcated into restaurant, household, and others. The restaurant application is estimated to hold the largest market share value.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global meat free food market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Brecks, Gardein, VBites Foods, Beyond Meat, LightLife Foods, Hain Celestial, Fry Group Foods, Cedar Lake Foods, Atlantic Natural Foods, Fantastic World Foods, and Dragonfly Foods.
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