Los Angeles, CA -- (SBWIRE) -- 08/01/2019 -- To maintain a healthy body, consumption of nutritional food is necessary. Vegetarian food is considered as a balanced food and it has observed that a large number of people switching towards a vegan diet. Meat Alternative Snacks are the wellness package that provides nutritional value along with general wellbeing. It is noticed that regular consumption of vegetarian food can create a positive impact on body and mind, therefore, millennials are seeking for a substitutes which are as good as meat. The nutritional value of Meat alternative Snacks is approximately greater than or equal to regular meat snacks. Meat Alternative Snacks are composed of nutritional ingredients such as grains, vegetables, and pulses.
Recently, one of the UK based market participants has come up with the brand new vegan snacks as an alternative to meat snack. The newly launched vegan pork scratching is made of soya to make vegan scratching soya pieces a flash-fried and seasoned with a vegan spice mix. Reportedly, vegan pork scratching is made using plant-based ingredients and available in all independent pubs across the UK.
Consumption of Meat Alternative Snacks Resulted in Weight Loss
Increasing cases of obesity and diabetes due to excessive meat consumption are compelling consumers to search for alternatives over the meat products. It has been witnessed that consumption of Meat Alternative Snacks leads to weight loss and this factor is increasing the demand for Meat Alternative Snacks in the global market.
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Segmental Analysis
By Region
Geographically, Europe is likely to acquire a substantial share in the global Meat Alternative Snacks market followed by North America. Increasing health awareness among the consumers is one of the main reasons for the flourishing Meat Alternative Snacks market in this region. Apart from this, Asia Pacific is also witnessing a remarkable market growth in the past years and expected to grow further during the projected period. Increasing disposable income in countries like China and India is boosting the demand for Meat Alternative Snacks in the global Meat Alternative Snacks market.
By Type
? Tempeh
? Tofu & Tofu Ingredients
? Textured Vegetable Protein
? Others
By Category
? Mycoprotein
? Wheat-based
? Soy-based
? Others
By Sales Channel
? Convinience Stores
? Supermarket/Hypermarket
? Online
? Speciality Stores
Tofu is a rich source of mineral and vitamins. Tofu is widely used by food manufacturers owing to its nutritional value and high protein contain. Analysts expect that tofu and tofu ingredients segment is expected to grab the largest market share in the global Meat Alternative market. By category soy-based Meat Alternative Snacks segment is likely to hold a significant market share followed by wheat-based Meat Alternative snacks in the worldwide market.
Beyond Meat Unveils the New Product Innovation "Beyond Beef"
Recently, Beyond Meat, the US-based plant-based meat producer company has introduced a ground-breaking product, Beyond Beef. It is a plant-based beef free snacks made from soy or gluten and GMOs, with full of rice proteins, blend of pea, and mung bean. Beyond Beef has the same meaty taste and texture of beef. Six grams of serving contains 25 percent less saturated fat than traditional ground beef and four oz of serving contains 20 gm of protein. Reportedly, Beyond Beef is expected to available in all grocery stores across the US in the coming weeks.
Apart from Beyond Meat, the other major key players functioning in the market are Blue Chip Group, Amy's kitchen, Inc, Beyond Meat, Cauldron Foods, Maple Leaf Foods Inc, and Garden Protein International. Inc.
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