Meat Substitutes Market Key Region, Production Status, Size and
Market Drivers Forecasts To 2022
“Increasing consciousness about personal health and shift in dietary
preference towards vegan diet are expected to propel the meat substitutes
market over the upcoming period. The rise in demand for a healthy source of
proteins and plant-based nutrients is the primary driving force of the
market.”
Industry Insights
The Global Meat Substitutes Market was valued at USD 3.20 billion in 2013, and it is estimated reach USD 5.81
billion by 2022, with a CAGR of about 7.4%. Meat is an excellent source of protein, but it also contains large
quantities of saturated fats and cholesterol. People consuming meat on a daily basis are more prone to health
related problems such as atherosclerosis and obesity. Increasing consciousness about personal health and shift
in dietary preference towards vegan diet are expected to propel the meat substitutes market over the upcoming
period. The rise in demand for a healthy source of proteins and plant-based nutrients is the primary driving force
of the market.
Growing health problems such as high blood pressure, heart disease, asthma, diabetes and increasing number
of people suffering from obesity all around the globe have led to more and more number of individuals
becoming health conscious. The increasing health concerns about consumption of meat coupled with several
animal disease outbreaks in the recent past are the significant factors stimulating the growth of the global
market. In the developing regions such as Latin America and Asia Pacific increasing standard of living due to the
rising disposable income have propelled the meat substitute consumption. However, per-capita consumption
of meat has experienced a decline, especially in developed regions of the world in the recent past.
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