The global meat substitute market was valued at US$ 3.9 billion in 2016, and is
expected to reach US$ 6.5 billion by 2025, witnessing a CAGR of 7.6% over the
forecast period (2018 - 2025), according to Meat Substitute Market Report, by
Product Type (Tofu, Quorn, Tempeh, Seitan, Soy Protein, Textured Vegetable
Protein, Mushrooms, and Others), by Source (Soy, Cereal, Mycoprotein and
Others), by Category (Frozen, Refrigerated, and Shelf-stable), by Distribution
Channel (Online Stores and Offline Stores), and by Region (North America,
Europe, Asia Pacific, Latin America, Middle East and Africa), published by
Coherent Market Insights. Increasing health awareness among consumers
regarding meat adulteration and environmental or ethical concerns related to
meat consumption are major factors expected to drive growth of the meat
substitute market growth. Consumers are changing their dietary pattern in order
to exclude meat protein and include plant-based protein. These products help
consumer with daily protein supply required for better health.
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Moreover, meat substitutes help to reduce the calorie intake by 20%, which helps
to reduce weight. The meat substitute reduce risk of heart disease, cancer, lower