Food prepared from non-meats or sometimes without any other animal products such as dairy products which turn as a meat substitute or meat alternative but has similar amount of protein content is called plant based meat product. Plant based meat products are presently processed through two elementary methodology i.e either by thermoplastic extrusion or fiber spinning. Thermoplastic extrusion is most frequently used methodology to harvest plant based meat products. It is cost operative method of obliging large scale productions. On the other side, fiber spinning surges the cost of production which eradicates the advantage of creating an inexpensive plant based meat products.
Customers in the modern age are now aware about their health and are being more sensible on food intake. There is a cumulative health awareness among the consumers about meat contamination when it comes to meat consumption. Hence, consumers are now progressively towards vegetarian diet or organic products. There are many health profits allied with vegan products. These factors can help boost the demand for plant based meat products among its consumers.
The report analyses the global plant based meat market based on source, product, end user, distribution channel and geography.
The various sources through which plant based meat are produces are soy based, gluten based and mycoproteins. Among these sources, soy based and gluten based sources are being predicted to have higher volume share owing to its growing popularity among its consumers.
Tofu, Tempeh, Seitan, Mushroom, Quorn among others are the types of plant based meat products studied in the report. Tofu has been considered as one of the favoured plant based meat dish as it is made from soybeans and high in protein and calcium. Besides, it has been a principal food for Asian cuisine for ages. Because of these factors, value share for Tofu is anticipated to be at the higher end when compared to other plant based meat products especially in Asia-Pacific region.
Households, food industry and HoReCa (Hotel, Restaurant, Café) are the major end users of plant based meat industry covered in the report. The plant based meat products are principally consumed by the household and HoReCa sectors owing to its easy accessibility and at a minimal cost. Hence, the volume sales has been predicted to be high in these sectors.
Direct and Indirect are the distribution channel through which plant based meat products are sold. Indirect sales channel includes Modern Stores, Convenience Stores, Specialty Stores, Food Stores and E-Retailers. Besides, the global internet dispersion rate has been growing every year at a higher rate. The number of internet users is likely to surge in the coming years. Due to these factors, many manufacturers, producers have been going online to promote its product and services. Hence, distribution through E-Retailers is expected to grow at a significant rate.
Geographically, this market is studied for major countries of North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific region is expected to have bigger share in terms of volume and value sales because of the growing popularity of plant based meat products among the customers. Furthermore, Tofu and Tempeh have been considered to be the staple food in the Asian regions especially in China, Japan and Korea. MEA and North America regions are measured to be the emerging market for plant based meat products due to consumer’s shift in diet from meat consumption to vegan or vegetarian products.
The major players involved in this market are DuPont, Amys Kitchen, Beyond Meat, Cargill, Cauldron Foods, MGP Ingredients, Schouten, Morningstar Farms, Nisshin Ollio Group, Quorn Foods, Sonic Biochem, Vbites Foods and ADM among others.
The report analyses the global plant based meat market based on source, product, end user, distribution channel and geography. The various sources through which plant based meat are produces are soy based, gluten based and mycoproteins. Tofu, Tempeh, Seitan, Mushroom, Quorn among others are the types of plant based meat products studied in the report. Households, food industry and HoReCa (Hotel, Restaurant, Café) are the major end users of plant based meat industry covered in the report. Direct and Indirect are the distribution channel through which plant based meat products are sold. Indirect sales channel includes Modern Stores, Convenience Stores, Specialty Stores, Food Stores and E-Retailers. The major players involved in this market are DuPont, Amys Kitchen, Beyond Meat, Cargill, Cauldron Foods, MGP Ingredients, Schouten, Morningstar Farms, Nisshin Ollio Group, Quorn Foods, Sonic Biochem, Vbites Foods and ADM among others.
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