As per the research report titled ‘U.S. Plant-Based Meat Market Size By Source, By Distribution Channel , Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, U.S. plant-based meat market is expected  to register substantial growth over 2020-2026.
 

Consumer Inclination towards adopting healthy lifestyle coupled with high occurrence of health associated disorders owing to excessive meat consumption are augmenting the growth of U.S. plant-based meat market.
 

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For the record, plant-based meat are products made of plants that can be used as a healthier substitute for conventional meat products. The product is available in form of crumbles, burger patties, nuggets, or sausages and are gaining robust popularity among individuals who are inclined towards adopting a healthy lifestyle.
 

Based on source, U.S. plant-based meat market is divided into wheat, pea, soy, and others.
 

The report states that the meatball segment from soy product landscape accounted for 10% of the overall market share in the year 2019 and is projected to expand significantly over 2020-2026. The growth is primarily attributed to the product’s flavorful nature and meat like texture. Alternatively, the wheat-based sausages segment is estimated to register a 26.5% CAGR over 2020-2026.
 

Elaborating on type, both soy-based pork and pea-based fish segments are projected to exhibit a 26.5% CAGR through 2026. Rising demand for sustainable food products is augmenting the demand for pea-based fish alternatives.
 

With regards to distribution channel, the report claims that online segment is expected to record substantial growth over the forecast period. Surging demand for convenience food products along with implementation of social distancing norms in order to mitigate the spread of the COVID-19 virus are fueling the expansion of the segment.
 

Speaking of demographics, the baby boomers segment from pea-based meat market accounted for around 27.5% share in the year 2019 and is anticipated to grow at a similar rate over the study timeframe.
 

Geographically, U.S. plant-based meat market is bifurcated into western U.S., northeast, southern U.S., and midwestern U.S. Among these, midwestern region is estimated to be a major contributor to the overall market remuneration throughout the analysis period.
 

The key participants in U.S. plant-based meat market are Lightlife Foods, Inc., The Field Roast Grain Meat Company SPC, Naturli' Foods A/S, Schouten, Garden Protein International, Sweet Earth Foods, Inc., Impossible Foods Inc., Beyond Meat Inc., Gold&Green Foods Ltd., Maple Leaf Foods, Inc., Quorn Foods, Inc., Amy's Kitchen, The Vegetarian Butcher, Pinnacle Foods Inc., and DuPont among others.