Chicago, Nov. 25, 2022 (GLOBE NEWSWIRE) — In line with MarketsandMarkets, the meat substitutes market measurement is estimated to be valued at USD 1.9 billion in 2021 and is projected to succeed in USD 4.0 billion by 2027, recording a CAGR of 13.5% through the forecast interval when it comes to worth. Altering life of individuals and rising consciousness about wholesome dietary habits and environmental security will assist to spice up the marketplace for meat substitutes through the forecast interval. The environmental influence of animal agriculture and rising well being issues because of animal-based meat are driving shopper choice towards plant-based meat on the earth.
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229 – Tables
48 – Figures
233 – Pages
The stable type section is estimated to carry the biggest market share within the meat substitute market.
The stable type of proteins is most popular by producers of meals and drinks due to the quite a few advantages they provide. Proteins out there within the stable type are simple to deal with and have higher storage situations as in comparison with the liquid type. These proteins can be found in powdered and textured types. Stable plant-based proteins might improve the feel and quantity of various merchandise.
By kind, the pea protein section is estimated to be the fastest-growing section through the forecast interval.
Pea gives attribute benefits of course of stability, emulsion stability, and extrusion stability. Most of the key gamers within the world meat substitutes market are shifting towards the manufacturing of pea protein-based meat substitutes due to their dietary worth and well being advantages and the adoption of this protein by main plant-based producers. In Could 2019, Lightlife (US) launched pea-based meat burgers to interchange beef burgers. Additionally, Good Catch Meals’ (Newtown, Pennsylvania, US) fish-free tuna and UK-based Nomad Meals’ Inexperienced Delicacies line declared that they use pea protein as one among their primary elements.
The Seitan is estimated to be the second fastest-growing kind through the forecast interval for the meat substitute market.
Seitan is often known as wheat protein and is very dietary. The kind is wealthy in proteins and minerals and intensely low in carbs and fat. All of the starch typically present in wheat flour is washed away within the course of of manufacturing seitan. This makes it extraordinarily much less in carbs. As wheat grains used for seitan are nearly fat-free, it’s thought-about the perfect meat substitute for vegan diets.
The textured kind is estimated to carry the biggest market share within the meat substitute market.
Textured protein has a excessive market share owing to its resemblance with typical meat when it comes to texture. Textured protein is mostly used as a meat substitute or typically as a meat extender, having protein concentrations between 50%–70%. It has a texture similar to floor beef; therefore, it’s a good meat substitute for spaghetti sauces, hamburgers, and tacos.
Asia Pacific is estimated to be the fastest-growing area over the forecast interval.
The important thing components driving development within the Asia Pacific area embody well being advantages, animal welfare, setting security, price affordability, and the rising number of plant-based meat merchandise. The attention by world animal welfare organizations, equivalent to Folks for the Moral Therapy for Animals (PETA), has led to individuals contemplating a meat-free weight loss program. Non-meat-based meals are already common in Asia, with tofu used extensively in Asian cuisines and bean-based congees broadly consumed in international locations equivalent to China. This makes the Asia Pacific area the fastest-growing potential marketplace for meat substitutes.
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This report features a research on the advertising and marketing and growth methods, together with the product portfolios of main corporations. It consists of profiles of main corporations, equivalent to DuPont (US), ADM (US), Kerry Group (Eire), Ingredion Integrated (US), Roquette Frères (France), PURIS (US), Cargill (US), Axiom Meals (US), MGP Elements (US), The Prime Well being Elements (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar Worldwide Restricted (Singapore), Sotexpro S.A (France), The Nisshin OilliO Group, Ltd (Japan), and A&B Elements (Canada).
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