Market Industry Reports (MIR) has published a new report titled "Meat Substitutes Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the Global Meat Substitutes Market is estimated to be over US$ 5 Billion in 2019. It is anticipated to grow at a CAGR of 6.5% from 2019 to 2030.
The significant growth of the meat substitutes market can be attributed to several factors such as nutritional value, minimal presence of calorific content, and similar texture & taste as compared to conventional meat products. People are embracing vegetarian diet for several reasons such as health benefits, concerns regarding animal welfare, religious beliefs, to avoid excessive use of environmental resources and simultaneously maintain balance. With growing concerns of health issues & rising incidences of chronic & lifestyle disorders like obesity & diabetes, people are becoming increasingly conscious regarding one's health.
Major Key Players of the Meat Substitutes Market are:
Beyond Meat, Amy's Kitchen, Quorn Foods, Morningstar Farms, Gardein Protein International, Maple Leaf Foods., Impossible Food Inc. VBites Foods Limited, Tofurky, Dr. Praeger's Sensible Foods and others.
Read More @ http://www.sbwire.com/press-releases/meat-substitutes-market-exploring-future-growth-2019-2030-and-key-players-beyond-meat-amys-kitchen-quorn-foods-morningstar-farms-1280720.htm
Production of conventional meat requires rearing of livestock on an enormous scale, moreover, to improve & increase protein in meat, these animals are required to be administered with fattening agents and proteinaceous diet. Thereby, significantly raising costs of meat production, and resource utilization. On the contrary, meat substitutes utilize minimal resources without compromising on either, taste, texture or volume of production. Moreover, beef production requires large area of land and hence deforestation is conducted at a large scale to make land suitable for cultivation. These factors have been significant in propelling the meat substitutes market which is anticipated to further grow during the forecast period.
However, one of the major factors impacting the global meat substitutes market is the availability conventional meat at a cheaper rate, as compared to meat substitutes. Higher price of meat alternatives could be an obstruction for adoption of meat substitutes among consumers, thereby significantly affecting the market growth.
Major Types of Meat Substitutes Market covered are:
Tofu
Tempeh
Textured Vegetable Protein (TVP), and Seitan
Read More @ http://www.sbwire.com/press-releases/meat-substitutes-market-exploring-future-growth-2019-2030-and-key-players-beyond-meat-amys-kitchen-quorn-foods-morningstar-farms-1280720.htm
The significant growth of the meat substitutes market can be attributed to several factors such as nutritional value, minimal presence of calorific content, and similar texture & taste as compared to conventional meat products. People are embracing vegetarian diet for several reasons such as health benefits, concerns regarding animal welfare, religious beliefs, to avoid excessive use of environmental resources and simultaneously maintain balance. With growing concerns of health issues & rising incidences of chronic & lifestyle disorders like obesity & diabetes, people are becoming increasingly conscious regarding one's health.
Major Key Players of the Meat Substitutes Market are:
Beyond Meat, Amy's Kitchen, Quorn Foods, Morningstar Farms, Gardein Protein International, Maple Leaf Foods., Impossible Food Inc. VBites Foods Limited, Tofurky, Dr. Praeger's Sensible Foods and others.
Read More @ http://www.sbwire.com/press-releases/meat-substitutes-market-exploring-future-growth-2019-2030-and-key-players-beyond-meat-amys-kitchen-quorn-foods-morningstar-farms-1280720.htm
Production of conventional meat requires rearing of livestock on an enormous scale, moreover, to improve & increase protein in meat, these animals are required to be administered with fattening agents and proteinaceous diet. Thereby, significantly raising costs of meat production, and resource utilization. On the contrary, meat substitutes utilize minimal resources without compromising on either, taste, texture or volume of production. Moreover, beef production requires large area of land and hence deforestation is conducted at a large scale to make land suitable for cultivation. These factors have been significant in propelling the meat substitutes market which is anticipated to further grow during the forecast period.
However, one of the major factors impacting the global meat substitutes market is the availability conventional meat at a cheaper rate, as compared to meat substitutes. Higher price of meat alternatives could be an obstruction for adoption of meat substitutes among consumers, thereby significantly affecting the market growth.
Major Types of Meat Substitutes Market covered are:
Tofu
Tempeh
Textured Vegetable Protein (TVP), and Seitan
Read More @ http://www.sbwire.com/press-releases/meat-substitutes-market-exploring-future-growth-2019-2030-and-key-players-beyond-meat-amys-kitchen-quorn-foods-morningstar-farms-1280720.htm
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