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Plant-based Meat Market: Soaring Obesity Demographic Along with Consumer Focus on Healthy Lifestyle to Fuel Growth

Press release Description

Albany, New York, December 19, 2018: Burgeoning obesity population owing to the intake of high cholesterol content food and sedentary lifestyle have made people shift towards consumption of plant-based food products. The market has been propelled on account of rising vegan population which could be attributed to growing awareness regarding health benefits obtained from the consumption of plant-based food products.

Soaring per capita income and consumers’ desire for healthy lifestyle have further signified the importance of plant based meat products. These insights are taken from the report titled, “Global Market Study on Plant-based Meat: Demand for Nutritious Food Products to Drive Revenue Growth Through 2026,” which has been recently added to the repository of Market Research Reports Search Engine (MRRSE).

The ubiquitous presence of social media channels has had its impact in the global market of plant based meat product. PETA (People for the Ethical Treatment of Animals) which voices for the end of brutality towards animals and runs animal rights movement has been motivating people to turn vegan. Consequently, consumers have minimized the intake of meat products.   

With respect to value, global plant-based meat market is estimated to register an impressive CAGR of 5.8% during the assessment period. Consumers seeking healthy lifestyle and fat-free diet in daily routine have provided impetus to prominent food manufacturers to launch plant-based meat products. However, expensive prices of plant-based meat products have hampered the market.

Plant-based Meat Market: Report Synopsis

The report offers an exhaustive analysis on the drivers, restraints, opportunities and trends of global plant-based meat product market. The report provides segmentation of the market on the basis of product type, source, end-use, distribution channel and region.

The report incorporates market introduction along with macro-economic factors and opportunity analysis. Further, the report delves into value chain analysis, forecast factors and cost structure. The report also consists of ongoing trends of industry and supply chain analysis. The competitive analysis of the plant-based meat market include exhaustive assessment of the manufacturers on the basis of product offering, revenue and major strategies. Some of the prominent players in the market are Nutrisoy Pty Ltd., Turtle Island Foods Inc., Amy’s Kitchen Inc., Kellogg Company, to name a few. 

Plant-based Meat Market: Research Methodology

The report incorporates a robust research methodology comprising of secondary research and primary research. Secondary research includes U.S. Food and Agriculture Organization Databases, Factiva and Hoovers, publications and annual reports. The primary research consists of surveys and assessment of the seasoned analysts and interviews.

Forecasting has been done using industry-based demand driving factors and internal proprietary model using macro-economic factors. In order to estimate the market size for plant-based meat consuming countries, weighted average selling price was considered. Moreover, data based on demand side, supply side and dynamics of the market has been triangulated. The report has been prepared on the basis of absolute dollar opportunity analysis and Y-o-Y projections.

Browse Full Global Plant-based Meat Market Report with TOC :

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