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Seed to Sizzle: Plant-Based Meat Market Set to Bloom to $15B by ‘28, Study Shows
Driven by consumers ’ preference for vegetarian alternatives due to growing concerns about their health and the welfare of animals, the global plant-based meat market is forecast to reach $15 billion by 2028, according to a Ken Research Study
Plant-based meat is composed of protein, fat, vitamins, minerals and water –similar to meat derived from animals
Modern plant-based meat is similar to regular meat in terms of flavor, look and preparation
According to Research estimates, the global plant-based meat market, which was valued at around $3 billion in 2017 to reach nearly $7 billion by 2022, is expected to grow to more than $15 billion by 2028
The physical characteristics of typical meat products are mimicked in meat replacements, which also share their flavor, texture and look Plant-based meat was primarily created to replace or lessen
Human Reliance On Animal Meat
It is made from different kinds of materials such as soy, pea and wheat – some of the most commonly used raw ingredients for producing these foods Compared to meat from animals, it is considered to be healthier and more environmentally friendly
Consumer food choices are changing considerably on a global scale People are becoming more conscious of the importance of maintaining a healthy lifestyle and choosing a balanced approach to protein intake To ensure that they stay active and healthy for a long time, consumers are taking a proactive approach and increasing their protein intake
As a result, they are altering their eating patterns and increasing their intake of plant-based protein foods
Alternative proteins, such as meat replacements, are growing in popularity due to this reason, according to the study As a turn expanding the plant-based meat market
Few plant-based meat products are much higher in contents like calories and saturated fatty acids which are considered quite harmful to the human body, according to the study
Products like plant-based burgers have high calorie and saturated fat levels in comparison to meat-based burgers The high salt content of the burgers may cause problems for the consumer ’ s heart The increasing use of these products could result in health problems, which impede the market’s ability to grow in terms of revenue, according to the study result, consumers are increasingly adopting vegetarian or flexitarian diets to either eliminate or reduce their meat intake and so indirectly lower carbon footprints, in
Additionally, some plant-based meat substitutes are unhealthy due to their high processing levels, chemical additives, and fillers These elements could have an impact on the market expansion, the study found GN