Meat Substitute Market: Description
Meat substitutes offer various health benefits and fill the diet gaps by providing essential elements that nourish human body. Intake of meat substitutes is largely observed among athletes and young generation as these products contain high amount of protein and calcium.
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Demand for the meat substitutes is rapidly growing. This is because of the various diseases are associated with meat have impacted the preferences of consumer towards the intake of meat products.
Also, a large percentage of population across the globe is preferring vegan food that has spurred the demand for meat substitutes. To fulfil the increasing demand, manufacturers are focusing on investing in research and development to expand their product portfolio by launching different types of meat substitutes with the possible permutations and combinations.
Meat Substitute Market
Currently, the global campaign of ‘go vegetarian’ is the most powerful influencer of the demand for such products. Health benefits of this cholesterol-free protein, with meat-like texture, is the main factor promoting the growth of meat substitute products.
The major factors that drive this market are rising health concerns among meat consumers, health benefits provided by meat substitute products, and increasing adoption level of meat substitutes by consumers, rising urbanization in developing countries, rapid adaptation of processed foods.
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Meat Substitute Market: Major top key players
The leading players of this industry are,
Amys Kitchen, Beyond Meat, Blue Chip Groups, Cauldron Foods, MGP Ingrdients, Meatless BV, Morningstar Farms, Nisshin Ollio Group, Quorn Foods, Sonic Biochem, Vbites Foods, ADM, DuPont etc.
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