Plant Based Meat Market By Source, Companies, Forecast By 2027

ROSWELL, Ga. - March 30, 2021 - PRLog -- Plant-based meat offers an alternative combining ingredients in novel ways. It delivers the complete culinary experience of meat without the need for any single animal. Plant-based meat fits seamlessly into consumers' due to culinary traditions. Globally, apprehension regarding healthy diet surge coupled with the increasing awareness about animal rights is driving the plant-based meat industry. According to Renub Research, the Global Plant Based Meat Market will grow and arrive at US$ 14.9 Billion by 2027.

Currently, plant-based meat is an essential component of the vegan diet, in which people adopt a plant-based eating lifestyle that is devoid of animal-based foods. Plant-based food products contain protein, vitamins C, iron, and fibre intakes and processed in lower saturated fats and calories. Besides, due to its meaty texture, juiciness, and more fibrous consistency like meat, worldwide increasing consumption of plant-based meat is giving traction to this market. As per this research report, Global Plant based Meat Industry will grow with a double-digit CAGR of 15% during the forecast year of 2020-2027.

On the health prospect, plant-based meat controls blood cholesterol, heart diseases, and other diseases. According to The IDF Diabetes Atlas Ninth edition, in the year 2019, approximately 463 million adults (20-79) had diabetes. By 2045, this figure is expected to rise to 700 million diabetic patients worldwide. Plant-based meat can prevent and even reverse a litany of food and lifestyle-bear illnesses, type2 diabetes and heart disease.

Besides, across the globe, manufacturers ranging from start-ups to leading consumer packaged goods (CPG) companies are innovating rapidly in the plant-based meat category. Even the world's largest meat companies embrace plant-based meat due to affordability; diversity, accessibility & quality; and vegetarian lifestyle. As per our research analysis, the worldwide plant based meat market was US$ 5.6 Billion in 2020.

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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting.

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Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/plant-based-meat-market-p.php