Global Plant-Based Meat Market Overview:
IMARC Group’s latest research report, titled “Plant-Based Meat Market Size: Global Industry Trends, Share, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global plant-based meat market size reached a value of US$ 8.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34 Billion by 2027, exhibiting at a CAGR of 25.8% during 2022-2027.
Plant-based meat is a substitute for meat that resembles with similar it in color, texture, appearance, and flavor. It is produced by combining edible oils, plant protein isolates, starch, and various other seasonings. These products Its consumption helps in lowering cholesterol levels, and calories intake while, and minimizing the risks of developing cardiovascular diseases. As a preferred alternative to meat result, these are it is widely used for the preparation of numerous foods across cafes, restaurants, supermarkets, and convenience stores, and others.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Top Manufacturers in Plant-Based Meat Industry:
- Amy’s Kitchen, Inc.
- Beyond Meat
- Boca Foods Company (Kraft Foods, Inc.)
- Garden Protein International (Conagra Brands, Inc.)
- Impossible Foods, Inc.
- Maple Leaf Foods
- MorningStar Farms (Kellogg Na Co.)
- Quorn Foods
- The Vegetarian Butcher
- Vbites Food Limited
The global market is majorly driven by the increasing health consciousness among consumers. This, in confluence with the rising widespread prevalence of chronic lifestyle disorders, has provided a boost to the market growth. Furthermore, the rising trend of veganism among the masses has positively influenced market growth across the globe.
Moreover, the growing concern towards animal welfare has also escalated the demand for plant-based meat products. Additionally, the introduction of innovative different plant-based products by several manufacturers for expanding their product portfolios has created a positive outlook for the market.
Other factors, including rapid urbanization, changing lifestyles of the consumers dietary preferences of individuals, and their inflating disposable income levels, are also providing have provided an impetus to the market growth.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by product type, source, meat type and distribution channel.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Plant-Based Meat Market
- Strategies of major players and product offerings
Key Market Segmentation:
Breakup by Product Type:
- Burger Patties
- Nuggets and Strips
- Ground Meat
On the basis of the product type, the market has been divided into burger patties, sausages, nuggets and strips, ground meat, meatballs, and others. Among these, burger patties represent the most preferred product type.
Breakup by Source:
Based on the source, the market has been classified into soy, wheat, peas and others, wherein soy is the dominant source of plant-based meat products.
Breakup by Meat Type:
On the basis of the meat type, beef is the most preferred product, followed by chicken, pork and other types of meat.
Breakup by Distribution Channel:
- Restaurants and Catering Industry
- Supermarkets and Hypermarkets
- Convenience and Specialty Stores
- Online Retail
Based on the distribution channel, the market has been segmented into restaurants and catering industry, supermarkets and hypermarkets, convenience and specialty stores, and online retail. supermarkets and hypermarkets represents the dominant distribution channel in the market.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Plant-Based Meat Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Plant-Based Meat Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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