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There has been a lot more demand of the vegetarian substitutes of animal meat. That’s why a new variety of meat has emerged that is equivalent to animal meat in terms of taste, texture and nutrition. That is why we have brought a blog that will help you get deeper insights about plant based meat.
Plant-based meats are produced using plants and designed to look, feel, and taste like genuine meat. Being fewer in calories and saturated fat than traditional meat, plant-based meats are healthier than traditional meat.
Beet juice, vegetable protein extract, and coconut oil are components of plant-based meats. The diet is proven to be healthy because it is a great source of antioxidants, vitamins, minerals, and fibre. It has been demonstrated to help in cancer prevention, heart disease prevention, and weight management. A meat substitution diet also supports the maintenance of balanced gut microbiota.
The Plant based meat market is estimated to be valued at USD 7.9 billion and it will reach USD 15.7 billion by 2027 with a CAGR of 14.7% by 2027.
Some examples of Patents on Plant-based Meat
The percentage of Pending patents is the most in the Plant-based Meat market i.e., 59.07% followed by Granted patents that are 21.68%.
Figure 1: Showing the Legal status of Patents in Plant Based Meat
Year 2021 has shown the maximum number of filings with 128 filings in the year followed by 2020 with 97 filings of Patents in the Plant based meat.
Figure 2: Showing Patent application filing trend in Plant Based Meat
Figure 3: Showing Major Patent Families of Plant Based Meat
The maximum number of Patent Families of Plant-based Meat has been filed in the European Patent office followed by China.
Figure 4: Showing Patent Families by Protection Country of Plant Based Meat
Market Drivers of Plant based Meat
The major market drivers of Plant based meat market are as follows:
Restraining factors for Plant based meat
Factors that can restrain the growth of Plant-based meat are:
Opportunities in the Plant based Meat Market
Factors that can bring opportunities in the Plant based meat market are:
Challenges in the Plant based Meat Market
Factors that can pose challenges in the Plant based meat market are:
Companies that are working on the plant based meat are:
· Quorn Foods Beyond Meat
· Morning Star Farms (Kellogg Na Co.)
· Boca Foods Company (Kraft Foods, Inc.)
· Gardein Protein International, Inc. (Conagra Brands, Inc.)
· Amy’s Kitchen, Inc.
· Impossible Foods, Inc.
· The Vegetarian Butcher (Unilever PLC)
· Maple Leaf Foods
· Vbites Food Limited
Plant-based meat can be considered as a great substitute to animal meat as veganism is increasing in the market. Many companies and countries are working in the Plant-based Meat industry. The growth of Plant-based Meat market is going to show a promising growth in the upcoming times. If you are someone who wishes to know more about such kind technologies, then you can check out our technology research service which can help you gain deep insights on technology landscape and market research of such technologies.
