In the wake of coronavirus outbreak, consumers are seeking healthy and safe meat alternatives, thereby driving the demand for plant-based meat in Japan. For instance, Marukome, a major manufacturer of miso pastes in Japan, recorded a significant increase in sales of its meat substitute products made from soybeans, in 2020. Consumers are emphasizing on maintaining their immune system and health with consumption of such healthy plant-based food.
Plant-based Meat Market Size to Grow at 13.99%: the industry to witness positive impact due to COVID-19 spread Some of the major Plant-based Meat players holding high market share include Beyond Meat, Impossible Foods Inc, Vegetarian Butcher, and Conagra, Inc.
The global plant-based meat market size is expected to reach $12.25 Billion by 2028 growing at the CAGR of 13.99% from 2021 to 2028
