The article cited AMA's Global Mock Meat Market Study explored substantial growth with CAGR of 13.5%. According the report, Increasing Innovation in the Plant-based Meat Products and Penetration of Global Brands and Start-ups is one of the primary growth factors for the market. Surging Demand of Vegan Food Products Due to Growing Awareness About the Health Benefits of Plant-based Diets
is also expected to contribute significantly to the Mock Meat market. Overall, Household
applications of Mock Meat, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Beyond Meat (United States), OKK Foods (GROWTHWELL GROUP) (Singapore), Veggie Champ (India), Conagra, Inc. (United States), V2food (Australia), ITC Limited (India), Quorn Foods (United Kingdom), Maple Leaf Foods (Canada), Sunfed (New Zealand), Morningstar Farms (Kellogg's) (United States), Impossible Foods Inc. (United States), Daiya Foods Inc. (Canada), ADM (United States) and Lightlife Foods, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Sales Channel, such as Online, is boosting the Mock Meat market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Vegetarian, is boosting the Mock Meat market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Mock Meat market identified that the demand is rising in many different parts of the world as "The Outbreak of Coronavirus and Bird Flu Has Created Significant Opportunities". Furthermore, some recent industry insights like "In January 2022, ITC Limited, a leading FMCG company announced the launch of a plant-based meat products range. The new range includes plant-based patties and nuggets, which have the taste of chicken. With this, the main goal of ITC is to meet the increasing demand for meat alternatives and target non-vegetarians for plant-based meat alternatives." is constantly making the industry dynamic. One of the challenges that industry facing is "Heavy Coloring and Textural Additives in Some Meat Alternatives"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Mock Meat market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Mock Meat market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Mock Meat market tight? Which application/end-user category or Product Type [Soy-based, Grain-based and Flour-based] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mock Meat market and other related sub-markets covered in the study.
o Key & emerging players in the Mock Meat market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Mock Meat market size is calculated using market estimation process, the Mock Meat market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mock Meat market size has been validated using both top-down and bottom-up approaches.