The plant-based meat industry has grown into a $20 billion business — but challenges remain

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Demand for meat alternatives has grown and will continue to rise, but the industry still has hurdles to overcome in different parts of the world, analysts said.

That includes cultural barriers, objections from incumbent meat companies and the risk of an incident that affects consumer confidence.

That growth is being spurred by concerns ranging from animal welfare to food security and the Covid-19 pandemic. For example, mock meat or vegetarian meat was previously primarily eaten by followers of Buddhism in China, she said. "In order for plant-based meat to reach its full market potential in Asia, the sector must continue to break free of its association with traditional mock meats, which are expected to be sold at a low price point and carry historical image baggage," said Siu.Cattle farmers could also stand in the way of the alternative protein sector, especially in the U.S., said Simon Powell, global head of thematic research at American bank Jefferies.

 

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It figures the fake meat industry would flourish, under a fake president...

आँख बंद करके खरीद लो इसे। अभी नही लिया तो बाद में पछताओगे। बुलेट ट्रेन की स्पीड में भागेगा यह शेयर। HPCL शेयर टारगेट 280-300 रुपये। अभी वीडियो देखें और चैनल को सब्सक्राइब करे।

Pay more for less healthy and highly processed food with tons of sodium, no thanks.

Westerners eat way too much meat but if plant-based meat can gain traction, hopefully it's better for the environment. It certainly means less torture for farm animals.

yeah cuz the product sucks

I'm not sure why vegan food has to emulate real food, regarding shape, color and taste. We know it's not the real thing, stop trying to overcharge us for something we normally would not buy.

Is That What Farmers Use For the Cows That Go Moo!!? Usually a Tough 1... To Milk the Cow Or Make a Big Bar-B-Q During the Weekend!

The industry will continue to grow rapidly but there's nothing proprietary and no barriers-to-entry in the plant-based space- that's why the Impossible Burger is sure to lose market share over time.....

thank you very much for your work

Yea number one it gross.

Cows turn veggies into hamburger every day.

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