Meat Substitute Market to grow US$ 6.99 Bn by end of 2027, Says Coherent Market Insights - Seite 2
An increasing amount of chronic diseases, such as cardiovascular issues, cancer, and diabetes, all over the world is expected to create great opportunities in the global meat substitute market. While meat has a lot of nutritional values, however, consumption of some types of meat such as red meat can lead to a lot of health issues, such as heart-related issues. For instance, according to Centres for Disease Control and Prevention, around 18.2 million adults who are aged 20 years or older have been diagnosed with cardiovascular diseases and around 2 in 10 deaths from these diseases happen in adults, who are less than 65 years old. Apart from cardiovascular issues, other health issues such as obesity and type 2 diabetes can also alleviate from consuming too much red meat.
Various fast-food chains are also respecting the preferences of their customers and are launching new vegan options in their menu, which is expected to create good opportunities for the global meat substitute market. For instance, in November 2020 McDonald's, a global fast-food chain, entered the vegan industry with its plant-based sandwich called McPlant. The chain is also planning on launching a plant-based burger in 2021.
The main trend that has taken the global meat substitute market to another height is plant-based foods launched by food chains, which are mostly known for their meat products. For instance, in December 2020, Burger King launched the first-ever plant-based burger in Mexico, for its vegan customers. This burger has now beco0me a permanent addition to their menu and is available in the 201 Burger King joints across the nation.
Another trend in the global meat substitute market is to add these products to a normal diet of individuals to accelerate the health and wellbeing of the person. For instance, tofu, which is one of the rigorously used meat substitutes, in 122 grams, it contains 177 calories, which is comprised of 5.36 grams of carbohydrate and 12.19 grams of fat.
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Key players operating in the global meat substitute market include Cargill, The Emsland Group, Puris, MGP Ingredient, Suedzucker, CHS INC., CRESPEL & DEITERS, Sotexpro S.A, Ingredion, Kerry, Roquette Frères, DuPont, and Archer Daniels Midland Company.