United States Plant Based Meat Market, By Products Types, Companies, Forecast by 2027

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Summary

United States Plant-Based Meat Market is estimated to reach US$ 2.63 Billion by 2027. Forecast By Products Types, Source, Storage Technique, Regions, Company Analysis.

Press Release

Plant-based meat is an imperative component of the United States diet, in which people adopt a plant-based eating lifestyle devoid of animal-based foods. Plant-based meat gives an alternative combining ingredients in novel ways. It delivers the entire culinary experience of meat without the need for killing any single animal. Across the United States, apprehension regarding unhealthy diet is surging and the increasing awareness about animal rights is driving the plant-based meat industry.

Increasing plant-based consumption is a trend among all young and diverse consumer groups in the U.S. These age groups are more likely to express intent to eat more plant-based foods. Plant-based meat controls blood cholesterol, heart diseases, and diabetes. According to CDC (Centers for Disease Control and Prevention), in the year 202034.1 Million adults (20-79) had diabetes in the US. United States Plant-Based Meat Market is estimated to reach US$ 2.63 Billion by 2027.

 

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Frozen Food Drives the Plant based Meat Market

The storage technique segment in the U.S. plant-based meat market is divided into refrigerated, frozen and shelf-stable. The frozen products market share has gained remarkable popularity owing to their longer shelf life. These products usually can last for five to eight months in the freezer. The growing demand for flavorsome heat-and-eat products encourages the vendors to launch frozen meat substitutes in the U.S. market. Moreover, various factors contributing to the growth of refrigerated plant based food are meat shortage and concerns regarding the coronavirus outbreak in the meat processing facilities. United States Plant-Based Meat Market Size will grow with a CAGR of 13.86% during 2020-2027.

Key Trends of Plant Based Meat in United States Cities

In Western America, there is increasing acceptance of vegetarian eating habits in fitness aware clients. Growing concerns about Greenhouse Gas (GHG), provided by the meat business and animal well-being procedures, are expected to boost the demand for plant-based meat foodstuffs. Los Angeles, Houston, and Phoenix meet demand with the highest numbers of specialty restaurants and takeaways in the country. The plant-based meat is used mainly in the Hotel, Restaurant, Café (HORECA) subdivision. Dallas is an affordable place to buy groceries for a plant-based meal – soy, pea, wheat, others. The United States Plant-Based Meat Market was valued at US$ 1.06 Billion in 2020.

 

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