The Global Plant-based Nugget Market size was estimated at USD XX billion in 2021 and is expected to hit around USD XX billion by 2031, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2031.
Global Plant-based Nugget Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The industry and market for food products created exclusively from plant-based ingredients and shaped like nuggets are collectively referred to as the "global plant-based nugget market." In addition to satisfying the needs of people who eat vegetarian, vegan, or flexitarian diets as well as those looking for healthier and more environmentally friendly food options, plant-based nuggets are a widely-liked substitute for conventional animal-based nuggets.
Typically, a variety of plant sources, including soy, wheat, peas, chickpeas, lentils, and other legumes, are used to make these plant-based nuggets. To replicate the flavour, texture, and look of conventional chicken nuggets while avoiding the use of products produced from animals, the ingredients are processed and blended with a variety of seasonings, binders, and flavours.
Several trends are influencing the growth and evolution of the global market for plant-based nuggets. The widespread acceptance of vegetarian and vegan diets is one significant trend. The demand for plant-based nuggets is continuously increasing as more customers become aware of the negative environmental effects of meat production and look for healthier and more sustainable dietary options.
The growing acceptance of flexitarians, in which people consume less meat and increase their intake of plant-based foods, is another trend. Concerns about one's own health, animal welfare, and the sustainability of the environment are driving this trend. As a result, to meet the rising demand for flexitarian options, restaurants and fast-food chains are adding plant-based nuggets to their menus.
Furthermore, product innovation in the market is being driven by technology developments in food processing and ingredient composition. To produce nuggets that closely resemble the flavour, texture, and look of meat, businesses are constantly creating new plant-based ingredients and enhancing manufacturing techniques.
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Global Plant-based Nugget Industry Research Report, 2020-2031.
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