Market Research Future (Food and Beverages) Global Meat Substitutes Market Research Report | Page 3
Global Meat Substitutes Market Research Report- Forecast to 2022
2 Market Overview
Due to the large number of health benefits advantages with meat substitutes consumption, the market is growing at
an incremental pace. Market Research Future, a firm which specializes in market reports related to the Food,
Beverages & Nutrition sector among others, recently forecasted in its report on Global Meat Substitutes Market
Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving million
dollar growth readily in the forecast period.
Rising population of vegan consumers and increasing awareness about health benefits obtained from meat
substitutes have prompted the growth of the product in the global market. Rising campaigns on animal welfare have
influenced the positive sale of meat alternatives among the vegan consumers. Health benefits gained out of meat
substitutes consumption are the main drivers to the development of this segment. Growth of the functional foods
manufactured out of plant-based products has also provided an impetus for the increased demand of this sector.
Boost in fitness and wellness sector has enhanced the market growth trajectory of the sector to an elevated level.
Shift in food consumption trend and rising veganism among consumers have led to consumers demanding meat
substitutes to balance their nutritional requirements. However, food adulteration is one of the major reasons confining
the growth of meat substitutes market.
Intended Audience:
Meat Substitutes manufacturers
Meat Substitutes Machinery manufacturers
Vegetarian Food Industry
Retailers, wholesalers
E-commerce companies
Traders, Importers and exporters
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