COVID-19 Impact on Plant-based Meat Market | Coronavirus Outbreak & Plant-based Meat Market

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MarketsandMarkets Presents
COVID-19 Impact on the Plant-Based Meat Market -
Forecast to 2021 https//www.marketsandmarkets.com
/Market-Reports/covid-19-impact-on-plant-based-mea
t-market-255440423.html

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The report "COVID-19 Impact on the Plant-Based
Meat Market by Raw Material (Soy, Wheat, Pea),
Product (Burger Patties, Sausages, Strips
Nuggets, and Meatballs), Distribution Channel
(Retail Outlets, Foodservice, E-commerce), and
Region - Global Forecast to 2021" The global
plant-based meat market size is projected to grow
from USD 3.6 billion in 2020 to USD 4.2 billion
by 2021, recording a compound annual growth rate
(CAGR) of 17.0 in the realistic scenario during
the forecast period. The major factors driving
the growth of the plant-based meat industry
include the rising vegan population driven by the
functional benefits of plant-based products,
growing animal borne-illnesses such as COVID, and
increasing demand for clean label
products. Browse 31 market data Tables and 22
Figures spread through 82 Pages and in-depth TOC
on "COVID-19 Impact on the Plant-Based Meat
Market - Global Forecast to 2021 The North
American region is projected to be the
fastest-growing market for plant-based meat
during the forecast period. The North American
region is projected to be the fastest-growing
market for plant-based meat during the forecast
period. The region is witnessing adverse outcomes
of COVID, especially the US. The region is also
backed by the presence of key players such as
Impossible Foods (US) and Beyond Meat (US) in the
plant-based meat market. The growing trend of
veganism has pushed the growth of the North
American plant-based industry. Consumers are
gradually shifting their diet preferences and are
going vegan due to the health and wellness
benefits associated with it. This paradigm shift
in food culture is also due to the current
pandemic highlighting the importance of health,
nutrition, and clean-eating Download PDF
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• Report Objectives
• Determining and projecting the size of the
  plant-based meat market, with respect to raw
  material, product type, distribution channels,
  and regional markets, over a period, ranging from
  2018 to 2021.
• Identifying the attractive opportunities in the
  market by determining the largest and
  fastest-growing segments across regions
• Providing detailed information about the COVID-19
  impact on plant-based meat supply chain and its
  impact on various stakeholders such as raw
  material suppliers, manufacturers, RD
  laboratories, and retailers across the supply
  chain.
• Providing detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• Analyzing the micromarkets, with respect to
  individual growth trends, prospects, and their
  contribution to the total market
• Identifying and profiling the key players in the
  plant-based meat market and impact of COVID on
  the key vendors.
• Understanding the competitive landscape and
  identifying the major growth strategies adopted
  by players across the key regions due to COVID.
• Analyzing the value chain and products offered
  across key regions and their impact on the growth
  of the prominent market players
• Providing insights on key product innovations and
  investments in the plant-based meat market.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id255440423

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The soy segment is estimated to account for the
largest share in 2020 in the plant-based meat
market. The soy segment is estimated to dominate
the plant-based meat industry in 2020. The soy
segment is witnessing a surge in demand owing to
its widespread popularity and protein-rich
content. The growing concerns associated with the
consumption of animal protein sourced food as
COVID is considered to be of animal origin, and
the adoption of vegan diets are expected to drive
the use of soy as a raw material in the
plant-based meat market. Newer plant-based
products that are incorporating soy will
contribute to the growing market demand for
plant-based meat products. The e-commerce
channel is projected to grow at a faster rate in
the plant-based meat market in 2020. Growing
adoption in omnichannel and internet penetration
will supplement the e-commerce growth in the
plant-based meat industry. The e-commerce
channels are likely to face increasing demand for
plant-based meat products as consumers will avoid
going to retail stores due to the imposition of
lockdowns in light of the current pandemic.
Distributors will move to e-commerce and online
retailing channels for distribution of
plant-based meat products, thereby resulting in
an increase in demand from such channels.
Although cold-chain management is still a
potential challenge for such channels. Make an
Inquiry https//www.marketsandmarkets.com/Enquiry
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• Key questions addressed by the report
• Who are the major market players in the
  plant-based meat market?
• What are the regional growth trends and the
  largest revenue-generating regions for the
  plant-based meat industry?
• What are the key regions and industries that are
  projected to witness significant growth in the
  plant-based meat market?
• What is the impact of COVID-19 across various
  stakeholders in the supply chain of the
  plant-based meat market during the forecast
  period?
• Which raw material and product segment is
  projected to dominate during the forecast period?
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id255440423

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