Plant-based Nuggets Market Size
Report ID: GMI6300
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Published Date: July 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 15
Tables & Figures: 246
Countries covered: 21
Pages: 150
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Plant-based Nuggets Market Size
Plant-based Nuggets Market size was valued at USD 430 million in 2022 and is estimated to expand at a CAGR of 5.6% between 2023 and 2032. Growing awareness of the health benefits of plant-based diets, including reduced cholesterol, saturated fat, and potential lower risk of certain diseases, has led consumers to seek healthier alternatives to traditional meat-based nuggets. Increased awareness of animal welfare issues in the meat industry has prompted consumers to opt for plant-based nuggets as a cruelty-free alternative.
Concerns about the environmental impact of animal agriculture, such as greenhouse gas emissions, deforestation, and water usage, have motivated consumers to choose plant-based options like nuggets as a more sustainable and eco-friendly choice.
Plant-based nugget manufacturers often compete with well-established meat-based nugget brands, which have significant market share and brand loyalty. Convincing consumers to switch to plant-based options can be challenging. Plant-based nuggets may be more expensive to produce than traditional meat-based nuggets due to the cost of plant-based ingredients and specialized production processes. This can make them less affordable for some consumers. Sourcing high-quality plant-based ingredients at scale can be a challenge.