GlobalPlant-based Nuggets Market: Overview
In thelast few years, the globalplant-based nuggets market has been gaining substantial tractionamongst the health-conscious population. These nuggets come with texture andtaste similar to that to meat-based nuggets. There has been a huge shift in theeating habit of the people with more people opting for vegetarian orplant-based meat items, which is likely to play an important role in the growthof the global plant-based nuggets market over the timeframe of analysis, from2020 to 2030. There has been a rise in the flexitarian as well as veganpopulation, which is likely to drive the demand for such plant-based meatproducts in the years to come.
A rise inthe incidences of lactose intolerance is likely to emerge as another growthfactor for the market. Incidences of lactose intolerance are pushing manytoward adoption of plant-based as substitutes of dairy-based milk items. Thisfactor is likely to support growth of the global plant-based nuggets marketover the tenure of projection, from 2020 to 2030.
Distributionchannel, source, product type, and region are four vital market factors basedon which the global plant-based nuggets market has been classified.
GlobalPlant-based Nuggets Market: Notable Developments
Somerelevant and futuristic developments pertaining to the global plant-basednuggets market have taken place in the last few years.
· In January 2018, Canada-based consumer packaged meats company,Maple Leaf Foods, made acquisition of Field Roast Grain Meat Co. The latter isa plant-based company headquartered in Seattle, the US and produces vegancheese and grain-based meat food items. With this acquisition, it is expectedthat Maple Leaf Food will make a leap toward attaining the status of one of themost sustainable protein company. With this more, Maple Leaf Food will also beable to diversify its product portfolio in the years to come.
Some ofthe prominent companies in the global plant-based nuggets market are mentionedbelow:
· Kraft Foods, Inc
· Maple Leaf Foods Inc.
· The Vegetarian Butcher
· Beyond Meat
· Tyson Foods, Inc.
· Heura Foods
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GlobalPlant-based Nuggets Market: Key Trends
The globalplant-based nuggets market is marked with the presence of the followingchallenges, promising opportunities, and market drivers.
Growing Awareness about Animal Cruelty and Healthy Lifestyle toAccentuate Demand in the Market
Thesedays, consumers have become more conscious about what to eat and when to eat,what to avoid, and so on. The growing need to lead a healthy and fit lifestylehas gained immense popularity. In addition to that, extensive and repetitivecampaigns about animal cruelty have created negative impact about eating meat,which has led many consumers move toward plant-based meat products. Thesefactors are likely to foster growth of the global plant-based nuggets marketover the timeframe of assessment, from 2020 to 2030.
Eatingvegan and vegetarian food have gained immense popularity as many peopleconsider eating meat as an unhealthy food option. It is widely believed thathigh-fiber diet is capable of keeping gut lining healthy and strong, whichprevents the chances of allergic reactions due to the food ingested. With suchbenefits, more consumers are expected to make a switch toward plant-based meatproducts. These factors are estimated to work in favor of the globalplant-based nuggets market in the years to come.
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Global Plant-based Nuggets Market: Geographical Analysis
In theglobal plant-based nuggets market, Europe is likely to come up as one of theleading regions in the market accounting for a sizeable chunk of the market,both in terms of volume and market share. Presence of a huge base of consumerswith vegan and vegetarian diets in the region is likely to augur well for themarket in Europe. Stringent government regulations toward prevent of animalcruelty is likely to emerge as another important growth factor for theplant-based nuggets market in Europe.
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