Plant-Based Meat Market Projected to Reach $33.3 Billion by 2031 | Size, Share, Growth, Competitive Landscape and Trends
Plant Based Meat Market Share
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, April 25, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โPlant-based Meat Market," The plant-based meat market growth was valued at $5.3 billion in 2021, and is estimated to reach $33.3 billion by 2031, growing at a CAGR of 20.5% from 2022 to 2031.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/10909
The plant based meat products are becoming extremely popular as they are viable alternative to the animal based meat products. The plant based meat reduces the dependence on animal based meat products and provides numerous health benefits. For instance, consumption of plant based meat products lowers the risk of heart disease, diabetes, and obesity. The plant-based meat sector is experiencing a remarkable surge in popularity, offering a compelling alternative to traditional animal-based products. These alternatives not only alleviate the strain on animal agriculture but also boast an array of health benefits. For instance, plant-based meats, such as tofu, tempeh, and others, are packed with essential nutrients like proteins, iron, zinc, fiber, and vitamin B12, catering to the needs of health-conscious consumers.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-for-customization/10909
Several health benefits associated with the consumption of plant based meat is estimated to boost the market demand. For instance, plant based meat relieves and prevents constipation. This is because plant based meat products such as beans are high in fiber and can keep your gut healthy. The plant based meat uses potassium chloride instead of sodium chloride which is essential for the body. For instance, potassium improves muscle contraction and nerve functions thereby maintaining a healthy heart rate. Furthermore, the vegan lifestyle can lower blood sugar levels as plant based meat is high in fiber and it slows down the absorption of sugar by bloodstream. These food items can improve the sleep quality that makes you more productive and energetic. These factors are anticipated to boost the plant-based meat market demandโฏduring the forecast period.
Also, the plant based meat products can imitate the flavor, texture, color, and sensory properties as that of animal based meat products. The popular plant based meat such as nuts, beans, legumes, grains, vegetables, seeds are healthy, have low calorie, and low sodium content which is good for heart health. These factors are anticipated to boost the plant-based meat market size during the forecast period.
The global plant-based meat marketโฏis segmented based on product type, source, distribution channel, and region. By product type, it is classified into tofu, tempeh, seitan, and others. By source, the market is classified into soy, pea, wheat, and others. By distribution channel, the plant based meat market is classified into indirect and direct.โฏBy region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-for-customization/10909
The report offers a comprehensive analysis of the global plant-based meat market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and plant-based meat market opportunities, upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porterโs five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market. The comprehensive analysis of plant-based meat market share based on top companies is provided in this report.
Top Players in Plant Based Meat Market:
โก๏ธPinnacle Foods Inc. (Conagra Brands, Inc.)
โก๏ธAmyโs Kitchen, Inc.
โก๏ธAtlantic Natural Foods, Inc.
โก๏ธLightlife Foods, Inc.
โก๏ธSchouten Europe B.V.
โก๏ธSweet Earth, Inc.
โก๏ธImpossible Foods Inc.
โก๏ธThe Kraft Heinz Company
โก๏ธHain Celestial
โก๏ธBeyond Meat.
โก๏ธPacific Foods of Oregon, LLC
โก๏ธMonde Nissin
โก๏ธKelloggโs Company
โก๏ธFry Family Food
๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.alliedmarketresearch.com/checkout-final/51396aaf48c63672020a5025f834fc56
Key Findings of the Study
โคBased on product type, the tempeh sub-segment emerged as the global leader in 2021 and the seitan sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
โคBased on source,โฏthe soy sourceโฏsub-segment emerged as the global leader in 2021 and the pea sub-segment is predicted to show the fastest growth in the upcoming years.
โคBased on distribution channel, the indirect sub-segment registered the highest market share in 2021 and is projected to maintain the position during the forecast period.โฏ
โคBased on region, the North America market registered the highest market share in 2021 and the Europe region is estimated to show the fastest growth during the projected timeframe.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐นVertical Farming Crops Market- https://www.openpr.com/news/3474538/vertical-farming-crops-market-to-reach-1-3-billion-by-2027-with
๐นFeed Premix Market- https://www.openpr.com/news/3474541/feed-premix-market-soars-to-11-4-billion-by-2031-with-8-8-cagr
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