According to a new report by Future Market Insights (FMI), the market for plant-based chicken is expected to register double-digit growth between now and 2030 to reach a value of $8 billion.
According to the report, ggrowing concern for animal welfare is bringing about a paradigm shift in consumer eating habits. In addition, “the initiation of mass level awareness campaigns combined with tough legislations prohibiting or limiting animal slaughter across several countries is primarily fueling growth of the market.”
Furthermore, “consumers are willingly substituting meat products with meat analogues, attributed to rising awareness about the ill-effects of excessive meat consumption on human health.”
The report notes that the plant based chicken market is highly competitive, “interspersed with the presence of numerous regional and global players.” Prominent players profiled in the report include Impossible Foods, Gardein (Conagra Brands), Atlantic Natural Foods LLC, Beyond Meat, Puris Proteins LLC, Tyson Foods Inc., and CHS Inc.
More information on this report can be found by clicking here. Future Market Insights, Inc. , who conducted the report, is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce.