Selbyville, Delaware, United States, December 3 2020 (Wiredrelease) Global Market Insights, Inc –:Plant-based meat, considered to be a prime meat substitutes and said to carry the similar properties of natural meat, is emerging as a blessing for vegans. Speaking of vegans, a substantial rise is observed in veganism due to the increasing health and environmental concerns in the U.S. This is expected to play a crucial role in the expansion of plant-based meat market share in the region.
A recent study conducted at Global Market Insight Inc. showed that the U.S. plant-based meat industry size is likely to surpass USD 4.15 billion by 2026.
Having said about environmental hazards, it is imperative to mention that the food industry contributes to one-quarter of the greenhouse gas emissions of the world, as per a 2019 study. For instance, to produce 100 grams of proteins from peas, 0.4 kilograms of carbon dioxide equivalents are emitted, whereas to produce the same amount of proteins from beef, carbon dioxide emission is recorded to be almost 90 times higher. The soaring need to reduce greenhouse gas emissions from the food industry will majorly contribute to market expansion.
Get More Insight of this Report, Request for Sample at: https://www.gminsights.com/request-sample/detail/4677
Furthermore, food manufacturers are also putting in efforts to develop new products coupled with strategic expansion activities like collaborations, acquisitions, and R&D activities to improve their market share and compete with key players.
For instance, Impossible Foods, a fake meat manufacturer, collaborated with Disney, an entertainment group, in February 2020 to allow the company to provide its products in theme parks and cruises. This collaboration indicated that the events and tourism industries are also following the trend of increasing plant-based meat demand.
Benefits of textured pea proteins for people suffering from food allergies
As appetizing meat substitutes from textured pea proteins are prepared without wheat gluten and soy, they are ideal for people suffering from food allergies. It is used in various products like meatballs and tacos which surges its aptness as a ground beef substitute. Pea plant-based meat also offers and fast rehydration, neutral taste, and texturizing properties, which enables them to resemble the fibrous bite and texture of meat products.
Owing to these aforementioned benefits, the U.S. pea meat market revenue from beef substitutes is set to exceed USD 125 million by 2026. Alongside, the growing awareness of diets among consumers which offers sustainability than additional meat consumption will also have a positive impetus on the industry growth.
Nutrition benefits of soy meat are likely to increase its demand
Soy crumbles are analyzed to have a notable similarity to cooked ground beef with a fraction of fat, making them ideal for ground meat substitutes. Being the richest protein source in plant-based products, soy meat offers various nutrients like vitamin C, isoflavones, and dietary fiber, contributing to digestive health and weight management. These benefits of soy meat and the rising adoption of a healthy lifestyle among millennials have contributed towards U.S. soy meat market expansion, enabling the industry size to exceed USD 55 million in 2019.
Restaurants’ efforts to innovate vegan dishes
A significant rise is witnessed in vegan restaurants, which are projected to fuel the expansion of the plant-based meat market landscape in the Southern U.S. Additionally, retail stores are also growing their portfolio of vegan products to offer suitable options to consumers following a hectic lifestyle in the region. The Southern U.S. plant-based meat industry size is anticipated to record substantial gains of over 26% through 2026.
Furthermore, restaurant owners are also putting in efforts to provide innovative vegan dishes. For instance, Burger chain McDonald’s Corp. recently announced the launch of a range of plant-based meat alternatives, McPlant, in 2021. Other chains in the US, including Burger King, Dunkin’ Brands Group Inc, and White Castle, have also started offering plant-based meat options in the past. Initiatives like these from major restaurants and industry players will positively influence the growth of the U.S. plant-based meat market.
Contact us:
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Explore Our Blog: http://l2food.com/
Website: https://www.gminsights.com/
Get More Reports From Other Reputed Sources:
1) Top 3 Trends Accelerating Essential Oils Market Size Through 2026 | the essential oils market may cross USD 15 billion by the year 2026.
2) 3 Key Trends Boosting the Expansion of Edible Insects Market | global edible insects market to record a remuneration of USD 1.5 billion by the end of 2026.
3) 3 Major Trends Outlining Egg Protein Powder Market Forecast | the global egg protein powder industry size could amass more than USD 10.2 billion by the end of 2026.
This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at contact@wiredrelease.com.
source https://wiredrelease.com/press-release/top-3-trends-influencing-the-expansion-of-u-s-plant-based-meat-market-size-2020-12-02
No comments:
Post a Comment