The global meat alternatives market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period (2021-2027). Meat production especially beef production has been found to be the biggest contributor for the occurrence of these greenhouse gases. Meat consumption is responsible for releasing greenhouse gases such as methane, CO2, and nitrous oxide. These gases contribute to climate change, such as global warming and others. Livestock use huge amounts of the Earth’s land and water resources, and cattle are known producers of methane, a powerful greenhouse gas. With issues of climate change and sustainability becoming increasingly urgent, the growth in changing consumers’ perception towards sustainability has been seen as a result meatless alternatives are steadily gaining popularity. Due to Meat alternatives generally do not have as profound environmental impact as beef; this is heavily driving the growth of meat alternatives market.
Browse the full report description of "Global Meat Alternatives Market Size, Share & Trends Analysis Report by Product Type (Tofu, Textured Vegetable Protein, Tempeh, Seitan, Quorn, and Others), and by Source (Soy-based Meat Alternatives, Wheat-based Meat Alternatives, Mycoprotein Meat Alternatives, and Others) (Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/meat-alternatives-market
For instance, in July 2020, Oxford Martin School researchers have found a global switch to diets that rely less on meat and more on fruit and vegetables could save up to 8 million lives by 2050, reduce greenhouse gas emissions by two thirds, and lead to healthcare-related savings and avoided climate damages of $1.5 trillion and according to the studies of Good Food Institute, plant-based meat emits 30%–90% less greenhouse gas than conventional meat.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product Type
o By Source
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including A&B Ingredients, Inc, DuPont de Nemours, Inc., Keystone Natural Holdings, Morinaga Nutritional Foods, Inc., The Tofoo Company Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Meat Alternatives Market Report Segment
By Product Type
• Tofu
• Textured Vegetable Protein (TVP)
• Tempeh
• Seitan
• Quorn
• Others (Natto, Quinoa, Lupine)
By Source
• Soy-based Meat Alternatives
• Wheat-based Meat Alternatives
• Mycoprotein Meat Alternatives
• Other Sources (Pea protein)
Global Meat Alternatives Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa