Global Meat Alternatives Market to witness growth during the forecast period 2019-2026 as their is a global demand for plant-based products.

Hyderabad, April 25, 2019 -- The "Meat Alternatives Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2026" report has been added to Datamintelligence.com's offering.
Meat Alternatives Market Dynamics
Drivers
The advantages of plant-based proteins being cholesterol free, increasing demand of vegans across the world and rising concerns over health are the major factors responsible for boosting the Global Meat Alternatives Market.
The rise in people adopting plant-based eating habits is a major factor contributing to the growth of the global meat alternatives market. According to the Food Revolution Organization, the number of people identified as vegans in the UK increased by more than 350% in 2017. Customers at Walmart are asking suppliers to offer more plant-based products. Owing to these reasons, the global meat alternatives market is anticipated to grow at a steady pace in the future.
Restraints
However, perceptions over the taste of meat alternatives and the extent of nutritional values provided by plant-based alternatives are the major factors responsible for hampering the growth of the Global Meat Alternatives Market.
Meat Alternatives Market Segmentation
The Global Meat Alternatives Market has been segmented by type, source, sales channel, and geography.
Based on the type of the product, tofu is the dominant segments of the global meat alternatives market owing to the enriched nutritional values offered by these products. Tofu is made by condensing soy milk and pressed into solid blocks in a process similar to cheese making. Tofu foods are highly rich in nutrients and proteins. A 100 gram serving of tofu offers 8 grams of protein and other vital amino acids required by the body. About 3.5 ounce serving of tofu comes with a total nutritional value of only 70kcal which makes it a highly nutrient dense food. Many companies are offering new products to improve their market presence and contribute to the growth of their entities. For instance, in February 2019, Nasoya launched a new line of plant-based kimchi tossables and other tofu based products. Owing to these reasons, Tofu is anticipated to dominate the global meat alternatives market in the future.
Meat Alternatives Market Geographical Share
The Global Meat Alternatives Market is segmented into North America, Europe, Asia Pacific, South America and the Middle East and Africa.
The European region is the dominant segment of the global meat alternatives market owing to the regional consumers recognizing the benefits of meat alternatives, adopting plant based substitutes owing to their nutritional benefits and avoiding health risks caused due to meat-based cholesterol. According to a research study, the sales value of meat substitutes in Germany increased from USD 134 million in 2015 to USD 157.1 million in 2016 finally reaching USD 180.3 million in 2017. The regional companies are focusing on launch of new products in other locations in order to expand market reach through extended portfolio. For instance, in January 2019, Swedish Company Oumph launched its award-winning vegan meat alternatives product line in Ireland. Owing to these reasons, the European region is anticipated to dominate the Global Meat Alternatives Market in the future.
Companies Covered
Garden Protein International, Vbites, MGP Ingredients, Monde Nissin Corporation, Premier Foods, ADM, DuPont, Meatless BV, Cauldron Foods and AMYs kitchen Inc.
Key Points covered in the report
⦁Meat Alternatives Market - Methodology and Scope
⦁Meat Alternatives Market - Trends
⦁Meat Alternatives Market - Industry Analysis
⦁Geographical Analysis
⦁Competitive Landscape
⦁Company Profiles

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