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.
Soy-based products will have the highest demand in the coming years. 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.
Read More: Meat Substitutes Market Analysis and Demand Forecast Report
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.
North America has the largest meat substitutes market. This is credited to the high customer preference for meat substitutes formed from plant-based ingredients and increasing awareness about health among the people of the region. As per a report, vegans are at lesser risk to develop heart ailment, blood sugar, cancer, and high blood pressure than people who consume meat.
Additionally, on average, vegans are approximately 20 pounds lighter than those who consume meat. Furthermore, consumers are progressively choosing plant-based meat substitutes that can bid the alike texture, and flavor as treated meat products at an optimal cost.
Many people in recent years. According to The Vegan Society, sign-ups for the Veganuary Campaign reached a record high of 560,000 in the year 2021. In comparison, there were 400,000 people in 2020, and 250,000 in the year 2019.
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.
