Meat Substitutes Market Growth, Development and Demand Forecast Report 2030

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Soy-based products will have the highest demand in the coming years.

The meat substitutes market will grow at a significant rate in the years to come. The increasing apprehensions concerning food security and sustainability and increasing investments by the public and private sector in plant-based protein sources are the significant factors responsible for the increasing demand for meat substitutes around the world.

 These products have an improved capability to captivate the rich flavors of other food products, and they can be utilized in quite a few recipes, making them the ideal meat alternative. Also, they are a rich source of proteins, and they have a similar texture and color to meat products.

The seitan category will experience the highest demand in the near future in the industry of meat substitutes. Seitan-based products are an exemplary option for vegans who can’t consume soy products. Along with this, they are accessible in numerous forms, like marinated strips, blocks, slices, and shaped masses.

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Additionally, the count of vegans quadrupled between the years 2014 and 2019, from 150,000 to 600,000. The primary reason for this shift is largely the increasing consciousness, as more people want to improve their overall health, work on weight management, and eat “clean” and more sustainably.

Food security is a state when there is reliable access to an adequate amount of reasonably priced, nutritious food. As per the Climate Change and Land report of the UN, food security might be endangered unless there is an evolution away from red meat which is rich in plant-based foods, such as fruits, vegetables, and legumes; and sources of animal protein, like eggs, chicken, pork, and milk products, releasing low amounts of GHG gases than red meat in their lifetime.

As per another report by the UN, the population of the world will rise to nearly 9.7 billion by the year 2050, and storming up meat production to meet its requirements is not sustainable.
It is because of the rising concern about food security and Sustainability in the world, the demand for meat substitutes is rising around the world.