Adoption of Veganism is fueling the Demand for Plant-Based Meat Products

14 October 2020

The demand for natural and organic food plant-based products is rising due to veganism. People are looking for healthy and wholesome food products with no artificial ingredients. Plant-based meat products such as soy, pea, and more are replacing the demand for animal-based meat products globally. In the US there is a rise of approximately over 31% in sales for using clean labeling or transparency packaging for food products. Hence, clean labeling is becoming a basic rule for packaging food products. Several sports professionals and athletes are adopting a vegan diet, which is breaking the myth related to animal products. The global plant-based meat products market was valued at over $4 billion in 2019 and expected to grow more by 2025. Advertisement of plant-based meat products has been mainly focused on taste and sensory comparability, to conventional meat, while highlighting superior nutritional value and environmental benefits. Vendors are focusing to expanding their vegan meat and plant-based meat portfolios and are actively pursuing to satisfy carnivorous-leaning taste buds in the global market.

Read: Plant-Based Meat Market Global Outlook and Forecast 2020-2025

 Focusing on Environmental Sustainability

According to Arizton’s research, around 57% of the consumers have reduced consumption of meat due to environmental concerns. Vendors are likely to create awareness of organic products to fuel the growing demand for the plant-based meat products market globally. With the growing trend for environmentally friendly products, the manufacturers are focusing on organic, non-GMO, no artificial coloring, and clean packaging to gain market traction. Research around the world shows that GMO crops can create a negative impact on human health as well as causing environmental pollution. Studies have proved using plant based meat over conventional meat will reduce environmental impact.

 Europe is Leading the Plant-based Meat Product Market

The European market is the largest plant-based meat product market and holds a market share of approximately 40% in 2019 globally. The rise in the ethical and health-conscious segment is driving the major  market in Europe. In recent years, the rise of vegan societies has increased due to which there is a huge demand for plant based meat products. The market in Europe was valued at over $1 billion in 2019 and is expected to grow by 2025. During the last 5 years, the European market has witnessed a significant increase in the use of the plant-based product.

Read: Plant Protein Market Global Outlook and Forecast 2020-2025

 FAQs About the Plant-Based Meat Market:

Q. What is the market size of the plant-based meat?

A. The global market is projected to reach revenues of over $12 billion by 2025.

Q. What is the market growth of plant-based meat products?

A. The global plant based meat market is projected to grow at a CAGR of over 18% during the forecasted period.

Q. What is the global market segmentation of the plant-based meat products?

A. The global plant-based meat market is segmented by source type, meat type, storage, distribution, and geography.

Q. What is the market insight of the plant-based meat products?

A. In Europe, soy accounted for the largest share of the market for plant-based meat sources in 2019 and is expected to witness the fastest growth during the forecast period.

Q. What are the major regions in the global plant-based meat products market?

A. The leading regions in the global plant-based products meat market include North America, Europe, APAC, Latin America, and MEA.

Oct 16, 2020

Is IoT & Smart Lighting the Next Big Thing in the Work Light Market?

The global work light market plays an important role for businesses over the next few years. The glo...

Oct 16, 2020

The Attack of Coronavirus on Toys Market: Good or Bad? – Arizton

The COVID-19 outbreak has completely disrupted the supply chain in the global toys market growth. Q...

Oct 15, 2020

Sharp Rise in Demand for Medical Mask due to the COVID-19 Pandemic

Medical masks are essential during the COVID-19 outbreak. Medical face masks can slow the spread of ...