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.

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ 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.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-plant-based-meat-products-market

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Beyond Meat

Conagra Brands, Inc.

Kellogg’s Company

Tofurky

Field Roast

Before the butcher

VBites Foods Ltd

Hilary’s – Drink Eat Well, LLC

Quorn

Impossible Foods Inc.

1. Drivers of Market Growth:

• Rising Consumer Awareness of Health and Wellness:
• Consumers are increasingly conscious of the link between diet and health, leading to a shift away from traditional meat consumption.
• Plant-based meats are perceived as healthier alternatives, often lower in saturated fat and cholesterol, and higher in fiber.
• The growing prevalence of dietary restrictions, such as vegetarianism and veganism, further fuels demand.
• Environmental Sustainability Concerns:
• Traditional livestock farming is a major contributor to greenhouse gas emissions, deforestation, and water pollution.
• Plant-based meat production has a significantly smaller environmental footprint, appealing to environmentally conscious consumers.
• The need for sustainable food systems is becoming increasingly urgent, driving the adoption of plant-based alternatives.

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