Market Research Report
North America Meat Substitute Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||883613|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|North America Meat Substitute Market Forecast 2019-2027|
|Published: July 8, 2019||Content info: 80 Pages||
The North America market for meat substitute will grow at an anticipated CAGR of 5.79% during the forecast period & will reach revenue of $XX million by 2027. The base year considered for the market study is 2018 & the forecasted period is between 2019 & 2027. Wide variety of food and snack products prepared from plant-based meat substitutes has increasingly gained prominence among consumers.
The growing demand for plant-based protein is a major factor driving the growth of meat substitute market. Plant-based proteins are rich in protein and fiber. Many companies worldwide are constantly promoting the good health benefits provided by the consumption of meat analogue.
North America meat substitute market is growing owing to the increase in health-conscious people, coupled with changing consumer preferences is fueling the growth of meat substitute market in the forecasting period of 2019-2027. North America is a major consumer of meat-based products. However, increasing health problems, owing to the growing obese population, have fueled the demand for vegetarian and vegan food products.
The Campbell Soup Company, Quorn Foods, Superbom, Meatless BV, Kellog Co., Beyond Meat, Amy's Kitchen Inc., Cauldron Foods, Vegaboom Healthy Option, Vbites Food Ltd., Sonic Biochem Limited, Conagra Brands Inc., MGP Ingredients, The Torfurky Company, and Impossible Foods Inc. are the major companies operating in the market.