(Food-Beverage-News.Com, September 19, 2018 ) According to Verified Market Intelligence, the global meat substitutes market was valued at USD 4.05 billion in 2016 and is projected to reach USD 7.02 billion by 2025, growing at a CAGR of 6.3% from 2017 to 2025.
Meat substitute also known as meat analog is a healthy food alternative for meat that is similar in chemical and aesthetic qualities such as appearance, taste, flavor, and texture of meat. They also supply an essential amount of proteins, vitamins, and minerals that are required for a healthy diet. Some examples of meat substitutes are tofu, tempeh, seitan, jackfruit, mushrooms and many more.
Rising health awareness and consumer knowledge about meat adulteration and Penetration of modernized retail chain increasing adoption levels in emerging markets have been driving the global meat substitutes market. While ill effects of meat substitutes and perception of taste might hinder the growth of the global meat substitutes market at a global level.
Competitive Landscape:
The major players in the market are as follows:
Morningstar Farms LLC Archer Daniels Midland Company Quorn Foods EI Du Pont De Nemours Amy’s Kitchen Beyond Meat Garden Protein International Inc. The Nisshin Ollio Group Ltd. MGP Ingredients Sonic Biochem Extractions Ltd.
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