The global meat alternative market is projected to expand at a CAGR of 6.1% during the period of forecast, 2018-2026.
Albany, NY -- (SBWIRE) -- 09/21/2018 -- Increasing awareness regarding health issues associated with the consumption of meat, and rising preference for wholesome and nutritious foods is expected to drive the demand for meat alternatives such as tofu, tempeh and natto for the foreseeable future. Revenues that arise from the meat alternatives market are expected to grow at a modest CAGR of 6.1% through 2026. These insights have been taken from the report titled "Meat Alternatives Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" that was recently included in the massive repository of Market Research Reports Search Engine (MRRSE).
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Increasing concerns about lifestyle diseases such as diabetes and obesity, along with the trend of healthy, controlled diets are anticipated to increase demand for meat alternatives particularly among women. In addition, vegan consumer are also significantly impacting the demand owing to the availability of protein and calcium rich vegan options.
Leading players in the meat alternatives market are emphasizing on expanding their product portfolios to wider varieties in order to cater to consumers with differing tastes. More focus is being put on partnerships and collaborations to fulfill this purpose.
Frozen and refrigerated meat alternatives are expected to rise in demand owing to increased nutrition and lasting freshness. The demand for these products is particularly high in hospitality establishments such as hotels and restaurants owing to the rise of the tourism industry, and a widening palate of consumers worldwide.
Meat Alternatives Market: Report Overview
This detailed report gives readers the analysis & forecast for the regional and global level on the meat alternatives market, in terms of value (US$ Mn), and volume (Metric Tons) for the period of forecast 2018 to 2026. A full assessment of essential market dynamics, along with details on the drivers, restraints, opportunities and trends that are important influencing factors on the demand for meat alternatives market have been studied thoroughly in the report.
An end-to-end value chain analysis on the meat alternatives market has been conducted, in order to help the readers better understand the competitive scenario among major market players. A market attractiveness analysis has been included to benchmark players on the terms of their market size, general attractiveness, and growth rate.
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Meat Alternatives Market: Research Methodology
Comprehensive primary and secondary research was used, for extracting authentic and relevant intelligence on the meat alternatives market. This included, face-to-face discussions and telephonic interviews with a variety of eminent industry experts and opinion leaders to gain useful insight into business aspects such as market size, market trends, competitive scenarios, and growth rates. Primary research represents majority of the research efforts, which has been strongly validated with extensive secondary research.
Leading and new market players in the meat alternatives market have been examined, and data sources such as press releases, annual reports, SEC filings, investor presentations, and other relevant documents and databases have been studied completely for analysis on the market's landscape. The research approach and methodologies employed here has been proven to be very accurate and efficient in gaining useful insights on the market data, understanding market players and recognizing previously unexplored business opportunities for market players.
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