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Home > News > Food Industry News > Plant meat market development: average annual growth of 15% by 2025

Plant meat market development: average annual growth of 15% by 2025

ECHEMI 2020-09-25

The Mid-Autumn Festival is approaching, and all kinds of plant-based moon cakes are on the market. From "new meat dumplings" to "new moon cakes", my country's plant meat products have accelerated their penetration into the consumer market.

Recently learned from the Chinese Society of Food Science and Technology, this year, from the Dragon Boat Festival spiced beef flavour, plum dried vegetable streaky pork flavour, curry beef flavour and other plant meat new meat dumplings, to the plant meat crescent mooncakes, which are on the market, the plant meat food has been continuously improved. Market penetration rate. Before the Mid-Autumn Festival, Jinhua Mooncake Foods cooperated with Zhouli to launch the "Moonlight Baohe" series of plant-based mooncakes. This year's Mid-Autumn Festival, OmniPork (New Pan Meat) has fully entered the Shanghai offline supermarkets and launched new Pan Meat single products and healthy fast food series. Through the cooperation of catering brands, plant meat has entered the fields of Chinese food such as dumplings, barbecue, and stinky tofu, and light Western food such as Hey Tea and Naixue's tea.

According to the forecast of a market research and consulting agency, the global plant meat market is growing at a compound annual growth rate of 15%, and is expected to reach US$27.9 billion in 2025. my country's plant meat market is in its infancy. Professionals such as Meng Suhe, chairman of the Chinese Society of Food Science and Technology, believe that the research and development of plant meat is an effective way to improve the food structure of residents and solve environmental and social problems. China should take its own road to industrialization of plant protein meat science. Wang Shouwei, director of the China Meat Research Center, believes that my country needs to speed up the formulation of relevant standards and regulations to avoid standard confusion and regulatory gaps in the field of vegetable meat.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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