North America Plant-Based Meat Products Market Developments, Trends and Opportunities, Forecast by 2028
The North America plant-based meat products market is expected to grow from US$ 1,759.28 million in 2021 to US$ 4,983.13 million by 2028; it is estimated to grow at a CAGR of 16.0% from 2021 to 2028.
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https://www.businessmarketinsights.com/sample/BMIRE00025607
The North America plant-based meat products market is expected to grow from US$ 1,759.28 million in 2021 to US$
4,983.13 million by 2028; it is estimated to grow at a CAGR of 16.0% from 2021
to 2028. Over the past few years, awareness regarding environmental
sustainability among people has increased significantly. Climate change has
affected the earth's natural ecosystems and poses a significant threat to
the present and future generations' well-being. Population growth and
urbanization in North America are among the primary causes of natural resource
depletion, including water, fossil fuels, and land, contributing to global
warming. People are heavily reliant on animal sources to meet their nutritional
requirements. This factor exerts high pressure on the livestock industry. The
livestock industry is one of the key contributors to anthropogenic greenhouse
gas emissions. According to the Food and Agriculture Organization (FAO) of
the United Nations (UN), the worldwide livestock industry emits 7.1 gigatons of
carbon dioxide per year, accounting for 14.5% of all human-caused
greenhouse gas emissions. According to industry experts, livestock production
emits more carbon dioxide than the whole transportation industry combined.
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Beyond Meat
Conagra Brands, Inc.
Kelloggโs Company
Tofurky
Field Roast
Before the butcher
VBites Foods Ltd
Hilaryโs โ Drink Eat Well, LLC
Quorn
Impossible Foods Inc.
- Nutritional Concerns:
- Some plant-based meat products may be high in sodium
and processed ingredients.
- Manufacturers need to focus on developing
nutritionally balanced products.
- Fortification of plant based products with essential
vitamins and minerals is important.
- Supply Chain and Raw Material Sourcing:
- Ensuring a sustainable and reliable supply of
plant-based protein sources is crucial.
- Addressing potential bottlenecks in the supply chain
is essential for meeting growing demand.
- Regulatory Frameworks:
- Clear and consistent regulatory frameworks are needed
to ensure product safety and labeling accuracy.
- Navigating diverse regulatory requirements across
different regions can be challenging.
- Competition from Traditional Meat Industry:
- The traditional meat industry is responding to the
rise of plant based alternatives, by developing their own plant based
lines, and by increasing marketing efforts.
- Lobbying efforts from the traditional meat industry
can provide regulatory challenges.
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