Product ID: SQMIG30I2310
Report ID:
SQMIG30I2310 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
62 |
Figures:
75
North America dominated the global plant-based meat market, accounting for the largest share of the market revenue in 2021. This growth is attributed to the increasing consumer awareness of the risks associated with consuming contaminated meat products, along with the growing consumption of meatless meat products. Consumers in this region are increasingly concerned about the sustainability and safety of their food, which is driving the adoption of plant-based meat products.
In Europe, the market is expected to witness the fastest growth rate due to the positive consumer outlook towards vegetarian and vegan-meat products. Stringent regulations against animal cruelty and a growing awareness of the environmental impact of animal agriculture are further fueling the demand for plant-based meat products in this region. Leading manufacturers in the market are implementing strategic initiatives such as capacity expansion, product innovation, and mergers & acquisitions to increase their sales and gain a competitive edge in the regional market.
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Product ID: SQMIG30I2310