3D Printing Plant-Based Meat Market Share

North America Market Analysis

On the basis of geographical analysis, the global 3D printing plant-based meat market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America industry is estimated to account for largest revenue share by 2037, on account of growing population of people following veganism, and rise in research and development activities associated with food-based 3D printing techniques in the region. In the United States, about 6 percent of the consumers stated that they are vegan in 2021, up from just 1 percent people in the year 2014. Also, the retail sales of plant-based foods in the country grew by more than 10 percent from 2018 to 2019. In addition, high healthcare expenditure in the United States, coupled with increasing focus to apply 3D printing food technology in the medical sector are expected to offer ample growth opportunities to the market in the future. Moreover, the market in Europe is predicted to acquire a significant share during the forecast period ascribing to the high consumption of plant-based meat, and presence of major market players in the region.