The plant-based meat market continues to surge, with projections indicating significant growth from USD 14.7 billion in 2023 to an estimated USD 28.0 billion by 2030, representing a robust CAGR of 13.8% during this period. This market expansion is fueled by advances in plant-based meat products that are capturing consumer and media attention, swiftly populating supermarket shelves and food service menus with innovative offerings.
The landscape of plant-based meat is undergoing a transformative phase, potentially on the brink of a technological revolution that could exponentially accelerate this trend. Innovations in areas such as synthetic fertilizers, herbicides, selective breeding, and antibiotics have historically facilitated food production to meet the demands of a growing population, a legacy of the ‘Green Revolution’ spanning from the 1930s to the 1960s.
Yet, the inherent inefficiencies of animal farming, particularly in feed conversion rates, have become increasingly apparent. According to a study by the World Resources Institute (WRI), even the most efficient meat source, chicken, converts only around 11 percent of gross feed energy into animal protein. This inefficiency signals a seismic shift in the making, promising significant gains in productivity at a fraction of the environmental cost.
The plant-based meat market, segmented by raw material (such as Soy, Wheat, and Pea), product types (including Burger Patties, Sausages, Strips & Nuggets, and Meatballs), and distribution channels (Retail Outlets, Foodservice, E-commerce), showcases a dynamic landscape poised for growth.
About VynZ Research:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
Contact Us:
Address: H.O — 9591 Fontainebleau Blvd. 617 Miami Florida 33172 U.S.A
Phone: +91 9960 288 381
Toll Free:1 888 253 3960
Email: marketing@vynzresearch.com
Website: www.vynzresearch.com
No comments:
Post a Comment