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Increasing consumer awareness associated with the benefits of vegetarian diets are expected to drive innovation in plant-based-meat manufacturing, thus driving the market during the forecast period.

The global plant-based-meat market is expected to grow from $5.67 billion in 2022 to $6.69 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The global plant-based-meat market size is expected to grow from $12.12 billion in 2027 at a CAGR of 16.0%.

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Global Plant-Based-Meat Market Segments Include:

• By Product Type: Burger Patties, Sausages, Strips, Nuggets, Meatballs, Other Product Types
• By Source: Soy, Wheat, Pea, Other Sources
• By Distribution Channel: Grocery Stores, Food & Drinks Specialty Stores, Convenience Stores, Restaurants, Online Stores
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global plant-based-meat market in 2021.

Major Market Players in the plant-based-meat market include Amy’s Kitchen, The Vegetarian Butcher, Maple Leaf Foods, Beyond Meat, Impossible Foods, Greenleaf Foods, Hungry Planet, Next Level, Abbots Butcher.

The increasing launch of new innovative products that are made from plant-based meat is a major trend in the plant-based meat market. For instance, in January 2020, Impossible Foods Inc., a US-based company operating in plant-based substitutes for meat products, launched its plant-based pork and sausage, which contains no gluten, no animal hormones, and no antibiotics. The plant-based, pre-seasoned product can be used in any recipe or dish that calls for animal-derived sausage or pork.

The Plant-Based-Meat Global Market Report 2023  provides a plant-based-meat market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plant-based-meat market forecast analyzes plant-based-meat market size, plant-based-meat market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plant-based meat is meat that is prepared from plants and is similar to conventional meat in appearance and taste. The plant-based meat is produced using ingredients such as wheat gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.

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