Nearly 800 tons of minced meat worth more than $5.5 million was adulterated in a way where the meat was replaced with soy, beef fat, animal skin and starch. The meat was supplied from Poland and sold in France to charitable organizations like the Red Cross. The ingredients, which were of very low quality, did not pose a health risk, however, altered the taste and texture of the meat; an investigation is ongoing.
According to a new report by Global Market Insights, the plant-based meat market, which is currently valued above $150 million, is expected to be worth more than $320 million by 2025. Increased consumer demand for meat alternatives can be attributed to a variety of factors: More awareness of environmental hazards linked to killing animals, animal rights issues, as well as a desire for more vegetarian-based diets due to health concerns.
On a nutritional front, the report also notes: “Plant based meat products are incomplete protein source and lack vitamin B12 which may hinder market growth. Manufacturers are researching to enhance the nutritional profile of plant based meat products by mixing high protein food sources such as quinoa which may fuel product demand.”
Specific sectors that are expected to grow are the following:
Pea-based meat: 10.5% CAGR from 2019 to 2025
Wheat-based meat: Increase to more than $40 million by 2025
Beef wheat-based meat: Expected to grow about 10% by 2025
Chicken soy-based meat (currently valued at $70 million in 2018)
Regionally, plant-based meat is anticipated to grow 10% by 2025 in North America, with the report pointing to more awareness of the risks associated with contaminated as well as adulterated meat. In Europe, the value of the market is expected to exceed $55 million by 2025.
Strictly Necessary Cookies
Strictly Necessary Cookies should be enabled at all times so that we can save your preferences for these cookie settings.
We use tracking pixels that set your arrival time at our website, this is used as part of our anti-spam and security measures. Disabling this tracking pixel would disable some of our security measures, and is therefore considered necessary for the safe operation of the website. This tracking pixel is cleared from your system when you delete files in your history.
If you visit and/or use the FST Training Calendar, cookies are used to store your search terms, and keep track of which records you have seen already. Without these cookies, the Training Calendar would not work.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
A browser cookie is a small piece of data that is stored on your device to help websites and mobile apps remember things about you. Other technologies, including Web storage and identifiers associated with your device, may be used for similar purposes. In this policy, we say “cookies” to discuss all of these technologies.
Data generated from cookies and other behavioral tracking technology is not made available to any outside parties, and is only used in the aggregate to make editorial decisions for the websites. Most browsers are initially set up to accept cookies, but you can reset your browser to refuse all cookies or to indicate when a cookie is being sent by visiting this Cookies Policy page. If your cookies are disabled in the browser, neither the tracking cookie nor the preference cookie is set, and you are in effect opted-out.
In other cases, our advertisers request to use third-party tracking to verify our ad delivery, or to remarket their products and/or services to you on other websites. You may opt-out of these tracking pixels by adjusting the Do Not Track settings in your browser, or by visiting the Network Advertising Initiative Opt Out page.
You have control over whether, how, and when cookies and other tracking technologies are installed on your devices. Although each browser is different, most browsers enable their users to access and edit their cookie preferences in their browser settings. The rejection or disabling of some cookies may impact certain features of the site or to cause some of the website’s services not to function properly.
The use of online tracking mechanisms by third parties is subject to those third parties’ own privacy policies, and not this Policy. If you prefer to prevent third parties from setting and accessing cookies on your computer, you may set your browser to block all cookies. Additionally, you may remove yourself from the targeted advertising of companies within the Network Advertising Initiative by opting out here, or of companies participating in the Digital Advertising Alliance program by opting out here.