The global meat substitutes market size is projected to reach USD 8.15 Billion by 2026, exhibiting a CAGR of 8.4% during the forecast period. One of the important factors boosting the growth of the market is the propitious aspect of plant-based products, counted as healthier, sustainable, and eco-friendly. Moreover, the increasing number of vegans around the world will aid in market expansion. According to the Vegan Society, the number of vegans in Great Britain quadrupled between 2014 and 2019. In 2019 there were 600,000 vegans, or 1.2% of the population; 276,000 (0.5%) in 2016; and 150,000 (0.3%) in 2014.
As per the report, published by Fortune Business Insights, titled “Meat Substitutes Market Size, Share & Industry Analysis, By Source (Soy-based Ingredients, Wheat-based Ingredients, Textured Vegetable Proteins, and Other grain-based Ingredients), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, Other Retail Channels, and Foodservice), and Regional Forecasts, 2019 – 2026” the market stood at USD 4,340.5 million in 2018. The report delivers information on all the prevailing trends and features of the market. It offers higher insights and shares an all-encompassing statement of all the segments. It is put together after vast research followed by profound analysis to help companies, stakeholders, financers and potential investors. It is designed with an aim to provide a clearer picture of the market, which involves the latest innovations and development, product launches, acquisitions, collaborations & partnerships, and others.
Food Security Concerns to Uplift Market Potential
The growing concern for food security will be an impelling factor for the expansion of the market. The increasing population and meat production inability to cater to the demand will also bode well for the market. According to the United Nations report, the world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050.
The increasing worry about climate change will contribute positively to the meat substitutes market share. For instance, approximately 15% of anthropogenic greenhouse gas emissions come from livestock production. Such trends are expected to encourage key market players to expand their meat-substitutes portfolio.
Growing Inclination Towards Veganism to Accelerate Growth opportunities
The increasing popularity of veganism and velleity towards plant-based (vegan) dietary patterns will boost the meat substitutes market trends. The rapid decline in meat consumption in the developed market of Western Europe and North America is expected to create growth opportunities for the market.
Furthermore, the increasing awareness about the established link between overconsumption of red processed meat to a variety of non-communicable diseases such as cancer, heart disease, stroke, diabetes, liver disease, lung disease, and kidney disease will further favor market growth in the foreseeable future. The increasing pervasiveness of flexitarians, who are often driven to plant-based meat products because of ethical, environmental and health concerns is likely to fuel the demand for meat substitutes and therefore, promote market growth.
Online Retail Segment will Contribute to Healthy Growth
The mass merchandisers segment is expected to register a CAGR of 8.1% during the forecast period owing to the wider reach, greater shelf-space, attractive discounts, and bundling strategies. The online-retail segment will witness strong growth impetus owing to increasing knowledge about the benefits of e-commerce and its convenience.
One of the Recent Developments Witnessed in the Meat Substitutes Market:
- May 2019: Beyond Meat, Inc. expanded its partnership with Zandbergen World’s Finest Meat to produce the brand’s innovative plant-based meats at a new manufacturing facility being constructed by Zandbergen in Zoeterwoude, the Netherlands.
Browse Detailed Overview of This Research:
https://www.fortunebusinessinsights.com/industry-reports/meat-substitutes-market-100239
Home Office Furniture Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the home office furniture industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected home office furniture market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/home-office-furniture-global-market-reportThe Home Office Furniture Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global home office furniture market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Home Office Furniture Global Market Report 2021 covers home office furniture market drivers, home office furniture market trends, home office furniture market growth rate, home office furniture market major players, player-adopted strategies in the market, and home office furniture market size.
The global home office furniture market is expected to grow from $58.74 billion in 2020 to $64.08 billion in 2021 at a compound annual growth rate (CAGR) of 9.09%.
The growth in the home office furniture market is mainly due to the space constraint in the developed and developing, shift towards homeworking, increasing preference for comfortable and effective home furniture, and rising home businesses.
Global Ligation Devices Market Report: By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2024 Market HighlightsLigation devices are used during surgeries for closing incisions or to join separated organs/tissue parts.
According to the Centers for Disease Control and Prevention in 2017, Coronary heart disease (CHD) was estimated to be the most common type of heart disease within the US and was projected to cause 370,000 per year.
However, the high cost of surgery and related side effects are estimated to restraint the market growth.The global ligation devices market trends is expected to register a CAGR of 6.7% during the forecast period of 2019 to 2024.Market Research Future (MRFR) recognizes the following companies as the key players in the global Ligation Devices Market that includes Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Grena Think Medical, Genicon, Inc.Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7794 Regional AnalysisThe Americas dominated the global ligation devices market in 2018.
Moreover, the presence of developed economies (Germany, France, UK) boosts the market growth.Asia-Pacific was the fastest growing region for the global ligation devices market in 2018.
According to the Indian Brand Equity Foundation in 2017, the Indian healthcare sector was estimated to be one of the fastest growing industries and is estimated to reach USD 280 billion by 2020 with a CAGR of 22.87% from 2015.On the other hand, the Middle East and Africa held the least share in the global ligation devices market.
Factors such as the presence of poor economies and low per capita income, especially within the African region make the market to lag within the region.Key PlayersSome of the key players in the global ligation devices market are Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Grena Think Medical, Genicon, Inc., and others.SegmentationThe global ligation devices market is segmented based on product, procedure, application, end user, and region.On the basis of product, the market is segmented into handheld instruments and accessories.
Mar 03, 2020: The global Oolong Tea market is expected to display higher growth rate over the next five years.
Development of convenient and attractive packaging solutions are expected to foster the growth of oolong tea market over the forecast period.
Globally, oolong tea market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of oolong tea products.Increasing number of distribution channels is considered as the key industry trend associated with oolong tea market over the forecast period.
To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-oolong-tea-market/request-sampleRegular consumption oolong tea in helpful for health due to high content of flavonoids, caffeine, fluoride, and theanine.
Oolong tea also limits oxidative stress levels, and even cognitive issues.
These factors are expected to foster the market demand during the forthcoming years.The oolong tea market is broadly categorized into major segments based on the application type such as big red robe, iron buddha, dan cong tea and ali shan.
