China's demand for 'mock meat' is growing amid concerns that domestic supply won't be enough to meet demand, according to Fitch Solutions.
As supplies dwindle, more meat imports may be needed to meet consumer demand, the Fitch report stated. Alternatively, "new options would need to be investigated and encouraged" in order to increase the supply of meat, the report said.In 2018, China's plant-based meat industry was worth $910 million — up 14.2% from a year earlier, according to a report by. In comparison, the U.S.
The deadly disease might have led to a 20 million ton drop in China's pork market, according to Powell. On this decrease, consumers could turn to mock meat as an alternative. "The fake meat trend can be viewed as the next step in this tradition as opposed to a completely new development," the report said.
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