The Global Market for Meat Substitutes projected at USD 4.8 Billion in the year 2020, is estimated to gain a revised size of USD 6.9 Billion by 2027, growing at a CAGR of 5.4% during the forecast period 2021- 2027.
Meat substitute referred to as meat analog, mock meat, cultured meat, faux meat, or meat alternatives a healthy replacement of meat that resembles chemical characteristics and aesthetic qualities such as flavor, taste, appearance, and the basic texture of meat. Such products can be in the form of sausages, burgers, ground meat, nuggets, or seafood. In addition, plant-based meat products are becoming increasingly popular. An extensive range of foods can be utilized as meat substitutes, and the relevance of these items in cuisine studies has act a key role in market growth. Livestock production is often recognized as a complex business that involves the management of animal waste and slaughtering. Moreover, the possibilities of food contagion are high along the supply chain, especially in the case of expensive refrigeration and unreliable power supplies. Moreover, cashing in on the rising health consciousness of the people, shift in dietary plans, the recent pandemic of animal diseases, and the need for an alternative to meat due to harmful effects of over-consumption of meat, the meat substitute market is anticipated to witness considerable growth in this sector.