GMI Research has published a new study titled “Global Plant-Based Meat Market by Product Type (Tofu, Tempeh, Seitan, and Others), By Ingredient (Wheat, Pea, Nuts, Soy, and Others), By End-User (Online Stores, Supermarkets, Specialized Stores, and Others) and By Geography – Opportunities & Forecast, 2019-2026”, which orates the future prospects set to strike the Plant-Based Meat Market during the forecast period.

Plant-based meat products are made using plant and other non-animal products to look, taste, and feel like meat products. They are considered as a meat substitute and also resemble meat products in terms of texture, flavor, and appearance. Soybeans, Wheat gluten, oats, beans, quinoa, and nuts are ingredients which are widely used in plant-based meat products. Plant-based meat products are processed either by thermoplastic extrusion or fiber spinning, in which thermoplastic extrusion is a mostly used method to produce plant-based meat products and also considered as a cost-effective method in the plant-based meat market.

Growing awareness regarding the adverse health effects of eating animals is one of the key factors supporting the growth of the global plant-based meat market. Moreover, an increase in the demand for plant-based meat products as a consumer is aware of the health benefits such as minimize the risk of heart disease, improve blood pressure and cholesterol, which further boosts the growth of the market during the forecast period. The other factors which will further enhance the demand of the global plant-based meat market are increasing in the consumption of vegetable proteins in food products because of animal diseases, shortage of animal protein and growing concerns about the environment and animal welfare. However, the availability of alternative meat products may restrain the market growth in the upcoming years. For instance, as per the U.S. Department of Health & Human Services consumption of too much red meat increased the risk of colorectal cancer, heart disease, cardiovascular disease, obesity, and high cholesterol levels.

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Various notable players operating in the market, Impossible Foods Inc., Beyond Meat, Parabel USA Inc, Archer Daniels Midland Company, The Vegetarian Butcher, Garden Protein International, Inc., Amy’s Kitchen Inc., Morningstar Farms LLC, Quorn Foods, Inc., Gold & Green Foods, among others. For instance, Impossible Foods Inc. launches its plant-based meat products to expand its global reach in the market.

The global plant-based meat market has been segmented on the basis of product type, ingredient, end users, and key geographies. Based on product type, the market is segmented into tofu, tempeh, seitan, and others. Based on ingredient, the market is segmented into wheat, pea, nuts, soy, and others. Based on end users, the market is segmented into online stores, supermarkets, specialized stores, and others.

The research report “Global Plant-based Meat Market” provides an in-depth analysis of global plant-based meat market based on product type, ingredient, end user and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for global plant-based meat market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1- At what pace is global plant-based meat market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global plant-based meat market?
4- What are the various application areas and how they are poised to grow?

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Market Segmentation
By Product Type
• Tofu
• Tempeh
• Seitan
• Others

By Ingredient
• Wheat
• Pea
• Nuts
• Soy
• Others

By End User
• Online Stores
• Supermarkets
• Specialized Stores
• Others

By Geography
• North America
As a part of the customization
o By Product Type
o By Ingredient
o By End User
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Product Type
o By Ingredient
o By End User
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Product Type
o By Ingredient
o By End User
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Product Type
o By Ingredient
o By End User
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Impossible Foods, Inc.
• Beyond Meat
• Parabel USA Inc.
• Archer Daniels Midland Company
• The Vegetarian Butcher
• Garden Protein International, Inc.
• Amy’s Kitchen, Inc.
• Morningstar Farms LLC.
• Quorn Foods, Inc.
• Gold & Green Foods

Report Analysis @ https://www.gmiresearch.com/report/plant-based-meat-market/

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