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Global Market Insights, Inc. has added a new report on Plant Based Meat market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Plant Based Meat Market size is set to surpass USD 320 million by 2025; according to a new research report by Global Market Insights, Inc.. Growing environmental concerns and rising awareness regarding health benefits of a vegan diet should stimulate market growth. Animal agriculture for meat production is a major contributor to global greenhouse gas emission and consumes significant quantity of water. These products are highly effective in reducing blood sugar levels, obesity and cholesterol and serve as a vital source of essential fatty acids which should stimulate product demand. Growing concerns regarding meat adulteration and low product prices as compared to conventional meat should further accelerate market growth.

Global soy based meat market is likely to register over 10% gains by the end of the predicted timeframe primarily owing to growing consumer awareness of its numerous health benefits and rising usage in cookies, crackers, snacks & baked products. These products offer high protein, vitamin B and iron content, along with bioactive components such as isoflavones which maintain bone strength and help treat cancer. Growing prevalence of lactose intolerance and the products' strong resemblance to fish, poultry & meat in color, texture, form and taste should further stimulate market growth.

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Asia Pacific led by India, Japan, and China market size was valued at over USD 30 million in 2018. Increasing cases of contaminated diseases such as trichinosis from pork, salmonella from poultry, scrapie from lamb, vibrio illness & norovirus infections from fish products is increasing consumer inclination towards plant based meat alternatives. Increasing obesity and cardiovascular disease cases in geriatric population is leading to consume plant based meat products to propel industry growth in the region.

Supermarkets segment shall be witnessing maximum gains in Plant Based Meat market in the coming years. The segment will expand at CAGR of 9.5% over the forecast timeframe. The steadily growing retail industry across the globe, will benefit supermarket formats the most, as they have wide product range North America, driven by Canada and the U.S. plant based meat market size may register significant growth over 10% up to 2025. Increasing awareness on potential risks of contaminated meat products along with increasing adulterated products cases with various disease outbreak may trigger regional growth. Rising consumers’ demand for veggie options and companies focusing towards innovative product development is likely to propel industry growth.

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Global plant based meat market share is significantly competitive and includes various participants such as DuPont, Quorn Foods, Pinnacle, Sweet Earth Foods, Maple Leaf Foods and Gardein Protein. Various manufacturers are engaged in developing new products to attract more customers and achieve market expansion.

About global market insights:

Global market insights, inc., headquartered in delaware, u.s., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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