Plant-based Beverages Market – The global plant-based beverages market size was valued at USD 22,859.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2028.The growth of the market can be attributed to the increasing awareness among consumers regarding the nutritional values of plant-based products such as low sodium and high amino acids. Plant Based Protein Supplements Market – The global plant based protein supplements market size was valued at USD 5.35 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2020 to 2028.Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)Ĭheck out more studies related to plant-based eatables and supplements, published by Grand View Research:.Maple Leaf Foods (Field Roast & Maple Leaf). List of Key Players of Plant-based Meat Market Plant-based Meat Regional Outlook (Revenue, USD Million, 2017 - 2030).Plant-based Meat Storage Outlook (Revenue, USD Million, 2017 - 2030).Plant-based Meat End-user Outlook (Revenue, USD Million, 2017 - 2030).Plant-based Meat Type Outlook (Revenue, USD Million, 2017 - 2030).Plant-based Meat Product Outlook (Revenue, USD Million, 2017 - 2030).Plant-based Meat Source Outlook (Revenue, USD Million, 2017 - 2030).Grand View Research has segmented the global plant-based meat market on the basis of source, product, type, end-user, storage, and region: The plant-based burgers are known to offer low-gluten and low-fat contents, which makes them a highly favored product amongst health-conscious individuals. Plant-based burgers are likely to exhibit steady growth over the upcoming years on account of rising consumer concerns regarding conventional meat products in the wake of coronavirus pandemic. For instance, fast-food joints such as Burger King, MacDonald's, and Subway are launching new vegan meat products to capitalize on the industry dominated by health-conscious customers. Key companies in the industry are collaborating with fast-food joints and restaurants chains to promote the adoption of their products. The plant-based meat is predominantly consumed in the Hotel/Restaurant/Café (HORECA) sector. In addition, launch of new products by the manufacturers similar to meat in terms of flavor, texture, color, and taste is increasing product demand. Celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for meat alternatives in the global market. Growing concern of consumers regarding animal welfare and greenhouse gas emission created by the distinguished practices of the meat industry is driving the market. Read 140 page market research report, " Plant-based Meat Market Size, Share & Trends Analysis Report By Source (Soy, Pea, Wheat), By Product (Burgers, Patties, Sausages), By Type (Chicken, Pork, Beef), By End-user, By Storage, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. The sandwich is made with plant-based sausage, and was launched as the Starbucks' sustainability initiatives to meet the rising consumer interest in the plant-based options In June 2020, Starbucks, in collaboration with Impossible Foods Inc., introduced the Impossible Breakfast Sandwich to its menu in most of its locations in the U.S.is known for its progressiveness in providing a variety of fresh and high-quality food products to its population and is associated with the habitation of the largest vegan populations across the globe The rising trend of vegan diet in European countries has pushed the demand for plant-based meat products in the region.The soy-based product segment accounted for more than 48.3% of the revenue share in 2021, owing to its protein-rich content and widespread popularity.Shifting consumer inclination towards plant-based diets and rising consumption for sausages from retail channels on account of its taste, texture, and convenience are anticipated to spur the product demand across the globe The plant-based sausages segment is projected to ascend at a CAGR of 20.4% over the forecast period.Growing adoption of vegan lifestyle and diet among health-conscious consumers in traditionally meat-eating developed economies are expected to drive the market over the forecast period. The market is expected to expand at a CAGR of 19.3% from 2022 to 2030. 1, 2022 /PRNewswire/ - The global plant-based meat market size is projected to reach USD 24.8 billion by 2030, according to a new report by Grand View Research, Inc.
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