The growing inclination of the masses towards vegan lifestyles has played a key role in driving sales across the global meat alternatives market. Moreover, several people in Asia Pacific follow strictly vegetarian diets which also popularises meat alternatives. The food and beverages industry is emphasizing on popularising several green vegetables under the tag of meat alternatives. Besides, dieticians also recommend a range of meat alternatives to people on strict vegetarian diets. Therefore, the total volume of revenues within the global meat alternatives market is set to increase by leaps and bounds in the years to follow.
Transparency
Market Research (TMR) finds that the global meat alternatives market would grow
at a CAGR of 6.10% over the period between 2018 and 2026. The total value of
the market is apex up in the years to follow.
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Adoption
of Vegetarian and Vegan Diets
The
undulating growth trajectory of the global meat alternatives market is
projected to stabilise over the years to follow. Until a decade ago, a large
population of people was not familiar with the advantages of following vegan
diets; but that has changed in recent times. Several researchers argue that the
integrity of the ecosystems can be restored if human being start following
vegan or vegetarian diets. Besides, efforts of animal rights activists have
been advocating the advantages of going vegan. The aforementioned trends are
expected to directly benefit the vendors operating in the global meat alternatives
market. Besides, advancements in food research have also helped in developing
healthy and sapid alternative to meat.
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Cauliflower
Sales Win over Other Alternatives
Cauliflower
is a widely used alternative to meat, and the easy availability of the former shall
aid market growth. Moreover, a number of people look for fibrous vegetables
that can substitute meat. This trend has also aided the growth of the global
meat alternatives market. Cauliflower is widely sauté, grilled, or baked in
marinades and spices. The various forms of recipes available for cauliflower,
and other meat alternatives such as wild rice, beat root, and goat cheese, has
aided market growth. It would be interesting to see the response of the masses
to new food items being sold as meat alternatives in recent times.
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Emotional Conditioning of People
A number of
people have given in to emotional persuasion against use of meat products. This
has led a large population of people to replace meat with lentils, beans, and
tofu in their diets. Furthermore, several fitness professionals also actively
look for sapid and healthy meat alternatives. These trends have collectively
helped in popularising meat alternatives across the globe. Availability of
robust distribution channels for meat alternatives, coupled with the widening
product portfolio of retail outlets, has also driven sales. Oat flakes, lupin
protein, black beans, and tempeh are some of the far-fetched alternatives to
meat.
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