The Global Plant Based Meat Market valued USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period.
Plant-based meat is a meat substitute derived from plant and other non-animal products to mimic natural meat in flavor, texture and all other properties. These products are majorly designed to be use as an effective alternative to chicken meat, pork, and beef. These plant based meat products are considered as sustainable solution to environmental concerns. The retail stores across the western countries are focusing towards sale of these products to cater the demand from growing vegan and vegetarian population.
The growing demand for meat coupled with rising population and consumer preferences towards meat products is resulting in over slaughtering and depletion of animal sources. This is resulting in evolution of sustainability as a key purchasing factor among population particularly in millennials and GenX.
The Global Plant-Based Meat Market has been segmented by product type into
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
