The vegan meat is also referred as the plant-based meat which is used as dairy alternatives, and meat substitutes. These are sourced from plants such as like Soy, to mimicking the texture of animal meat. According to recent innovations vegan meat offers the same cooking and eating experience as of traditional animal-based meat.
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The rise in awareness about animal rights is expected to boost the global vegan meat market growth over the forecast period. The vegan meat is an integral part of a vegan diet, wherein the people adopt a vegetarian eating lifestyle which is devoid of animal-based foods. Thus, the rise in the number of individuals following vegan diet will positively influence the market growth. The North America is anticipated to exhibit high growth on the account of increase in consumer demand for vegetarian food products that are high in fiber, iron, and vitamin C. Furthermore, companies are focusing on developing products with a longer shelf life, aroma, & better texture, and a better nutritious profile, which will propel the market growth during this forecast timeline.
The perception of taste is the major restraint which is expected to hinder the global vegan meat market during this forecast period. Also, high cost of plant-based meat patties, burgers, and sausages will limit the global vegan meat market growth.
Market Key Players
Various key players are discussed in this report such as Amy’s Kitchen, Garden Protein International, The Nisshin OilliO Group, ADM, MorningStar Farms, Meatless, MGP Ingredients, and Beyond Meat.
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By Product Type
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