Factors such as the health advantages linked with meat substitutes, inclination of customers towards these products is rising across the world. The consumption of meat substitutes is beneficial for health owing to the high protein content. Rise in health awareness among consumers along with altering the preferences towards vegetarian diet are anticipated to propel the meat substitutes market growth during the forecasted years. Soy is the major raw material utilized for meat substitutes and is projected to render maximum revenue in the forecast years. Large number of companies are investing profoundly in research and development activities in order to launch superior products and also broaden their product portfolio in order to meet the developing demand for meat substitutes especially from emerging economies. The organizations working in meat substitutes market are majorly involved in partnerships as well as collaborations in order to reinforce their product portfolio.
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