Global Meat Substitutes Market Expected to Reach XX Million by 2025— Reports Monitor.
According to a new report published by Reports Monitor titled, “Meat Substitutes Market by Product Type, Source and Category: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Meat Substitutes 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. Europe dominates the Meat Substitutes Market, and is expected to maintain this trend throughout the forecast period.
Meat substitutes are the food & snacks products marketed as alternative veg food items for meat which resembles actual meat in terms of taste and aesthetics. Although meat is superior source of proteins, it is high in cholesterol and saturated fats. Hence daily consumption of meat can cause health problems such as obesity and atherosclerosis.
Health benefits of meat substitutes, rising health conscious population worldwide and changing preferences towards vegan diet, are the major growth drivers for meat substitutes market. Increasing health problems like obesity, blood pressure, heart diseases and others have increased the number of health conscious individuals and is fuelling the demand for meat substitutes.
Europe is expected to be the largest market for meat substitutes, followed by North America is second largest market for meat substitutes. Increased awareness about benefits of meat substitutes and new innovative product launches from food manufacturers in these regions, have led to the growth for this market in Europe and North America.
Meat Substitutes Market is segmented on the basis of Product Type (Tofu, Tempeh, Textured Vegetable Protein (TVP), Seitan, Quorn and Others), Source (Soy, Wheat, Mycoprotein and Others) and Category (Frozen, Refrigerated and Shelf-Stable)
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global Meat Substitutes Market and what are their strategies?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Archer Daniels Midland, Beyond Meat, Vbites Food, Ltd., Morningstar Farms, The Nisshin OilliO Group, Meatless and Garden Protein International.
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