Research On Global Markets
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Rising health issues pertaining to obesity and diabetes owing to the excess consumption of meat products, and increasing awareness of environmental impactare primarily driving the consumers to shift towards meat substitutes. Moreover, growing number of vegan and flexitarian population is also driving the adoption of meat alternatives across the world. Owing to these growth drivers, the global meat substitutes market is expected to expand at 7.4% CAGR to reach USD 6.1 billion by 2023. However, despite the positive outlook on the market for meat alternatives across the world, there are a number of challenges affecting the prospects of this market. Let’s take a look at these in details – Meat substitutes contain worrying sodium levels Plant-based meat substitutes have been criticised by experts in meat substitutes industry research for containing high levels of sodium – which can be seriously detrimental for human heart and kidneys. Consumption of higher amount of salt every day can result in a number of diseases related to the heart and kidney, and experts are sceptical about consuming more than the recommended levels of salt on a regular basis. Meat alternatives can create hormonal imbalance Consuming higher amount of soy-based meat alternatives can create hormonal imbalance in our body and the consequences can be as bad as the development of breast cancer among women. After a number of tests, experts have come to the conclusion that soy-based foods do not contain sustainable levels of isoflavones, and this can significantly increase the risk of breast cancer. Meat alternatives affect immunity Wheat-based meat substitutes typically contain gluten, and studies reveal that the small intestine is damaged by gluten, resulting in anaemia, chronic diarrhoea, cramps, bloating and more.Studies have also shown that excessive gluten consumptions can contribute to irritable bowel syndrome (IBS) symptoms, obesity, diabetes, along with inflammatory conditions, and autoimmune disease.
It is important for major players in the meat substitutes industry to overcome these challenges. Diversification of raw materials involving the shift from soy and wheat, to clean-label ingredients, and high quality protein has emerged as a key trend in this regard.
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