Report ID: SQMIG30I2407
Report ID:
SQMIG30I2407 |
Region:
Global |
Published Date: December, 2024
Pages:
173
|
Tables:
95 |
Figures:
71
Drivers
One of the major factors promoting the growth of global meat substitutes market is the increasing awareness regarding health associated with plant-based diets. There is a developing preference among individuals towards consuming alternatives considering the health hazards of red meat that include heart attack and obesity, hence an increasing demand for healthy center meaty vegetarian protein sources.
The environmental impact of meat raised the dilemma of how the consumers can make a choice that assures minimal meat or no meat production. Skepticism about the amount of greenhouse gas emitted into the atmosphere, the land that is used for livestock farming and the water that is consumed in the process has made the consumer ear in search for better food options. Thereby expanding the global meat substitutes market size.
Restraints
Limited availability and distribution pose a significant restraint on the global meat substitutes market. In many regions, especially in emerging markets, plant-based options are not as widely accessible in local stores or restaurants. Due to this limited access, the consumers are not exposed to the market's offerings, making them reluctant to expedite the growth of the market.
Expanding on that statement, the risks of allergic reactions and the inclination to diet especially when it comes to soya and gluten which are the most oft used components in meat substitutes. Such consumers might have limited choices in such products or completely shun meat substitutes which limits the scope of that specific market and its growth potential to some consumer segments.
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Report ID: SQMIG30I2407