Plant-based Meat Market to Witness Promising Growth Opportunities by 2024-2035
Given its several pre-requisites, the demand for meat is significantly increasing, which has led to a three-fold increase in industrial meat production. However, the approach of conventional meat production poses significant challenges, contributing to adverse environmental consequences such as water scarcity, increased greenhouse gas emissions and overutilization of land resources, thereby impeding sustainable resource management. It is worth highlighting that currently, almost 60% of greenhouse gas emissions from food production are attributed to animal meat production. Therefore, in order to mitigate these challenges, an increased interest towards alternative meat production has been observed.
Consequently, plant-based meat has emerged as a potent protein alternative solution catering to the escalated demand for protein amid the increasing population. Plant-based meat capitalizes on several benefits associated with its production and consumption (over traditional meat), including reduced environmental impact, owing to its minimal land and water requirements.
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