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Plant-based Meat Market to Hit $18.96 Billion by 2030 says Cognitive Market Research

Read Full Market Analysis Plant-based Meat: by Source (Soy, Tofu, Pea & Lentils, Potato, Wheat, and Others); by Product Type (Patties, Nuggets, Sticks, Sausages, and Meatballs); by Type (Chicken, Pork, Fish, Beef, and Others); by End-user (Residential, and HORECA); by Distribution Channel (Supermarket, Convenience Stores, Ecommerce, and Others); by Region (North America, Europe, Asia Pacific, Latin America and Middle East, and Africa) Global Industry Analysis, COVID-19 Impact, and Industry Forecast, 2018-2030
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Plant-based Meat: (Soy, Tofu, Pea & Lentils, Potato, Wheat, and Others);  (Patties, Nuggets, Sticks, Sausages, and Meatballs); (Chicken, Pork, Fish, Beef, and Others); (Residential, and HORECA);  (Supermarket, Convenience Stores, Ecommerce, and Others);  ( North America , Europe , Asia Pacific , Latin America and Middle East , and Africa ) Global Industry Analysis, COVID-19 Impact, and Industry Forecast, 2018-2030

 

ICL Food Specialties has joined forces with artificial intelligence-driven food tech company Protera Biosciences to develop new protein ingredients for food manufacturers. The company has made a $1 million investment in Protera.

 

Increasing awareness regarding the environmental impact of meat production along with a surge in health concerns about cholesterol and saturated fat are driving the growth of the plant-based food market. Moreover, manufacturers ranging from startups to leading CPG companies to the world's largest meat companies are innovating rapidly in the plant-based market which is driving the market growth.

Soy milk is a plant-based drink that is obtained from soybeans. It is a stable emulsion of oil, water, and protein. In recent years, veganism has become more popular not just because of animal cruelty but also due to related concerns on the environment. Hence, high adoption of vegan food stimulates the growth of the soy milk market across the globe.

Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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