The plant-based meat market is estimated to be valued at USD 4.3 billion in 2020 and is projected to reach USD 8.3 billion by 2025, recording a CAGR of 14.0%, in terms of value. The plant-based meat market is primarily driven by factors such as growing vegan and flexitarian population across the world.North American region is forecasted to grow tremendously owing to factors such as rising investments and consumer demand for vegan and clean-label products in the region.
One of the major restraints that is expected to hinder the growth of plant-based meat market is higher price of plant-based meat products as compared to traditional meat products. • By source, the pea segment is projected to grow at the highest CAGR during the forecast period.
Based on source, the pea segment is expected to be the fastest-growing during the forecast period.This segment is rapidly growing and gaining popularity among plant-based meat manufacturers as it serves as an alternative for consumers with a soy allergy.
Pea protein has appealing characteristics such as its lack of allergenicity and its amino acid profile. It is also perceived as clean-label ingredient. • By product, the burger patties segment is estimated to account for the largest share.
The burger patties segment of the plant-based meat is dominating the market.The plant-based burger patties have been there in the market for a while now.
All the major players operating the plant-based meat market are constantly expanding their distribution network in order make the plant-based burger patties available in the market and cater to the rising demand of consumers.
The North America region is projected to grow at the highest CAGR during the forecast period North America is projected to be the fastest-growing market for the period considered for this study, due to the rising flexitarian population in the region, along with the vegan trend gaining momentum which is further contributing to the growth of plant-based meat market in the region. Also, consumers are opting for meatless versions of their traditional cuisines, as they are incorporating plant-based foods in their daily routine diets.
The plant-based meat market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, and RoW (South America, Middle East and Africa).
Break-up of Primaries • By Company Type: Tier 1 – 35%, Tier 2 – 25% and Tier 3 – 40% • By Designation: Manager- 40%, CXOs– 35%, and Executives – 25% • By Region: Asia Pacific - 30%, North America- 20%, Europe - 35%, and Middle East & Africa - 15%
Leading players profiled in this report include the following: • Beyond Meat (US) • Impossible Foods Inc. (US) • Maple Leaf Foods (Canada) • The Vegetarian Butcher (Netherlands) • Gardein Protein International (Canada) • Morningstar Farms (US) • Quorn Foods (US) • Amy’s Kitchen (US) • Tofurky (US) • Gold&Green Foods Ltd. (Finland) • Sunfed (New Zealand) • VBites Food Limited (UK) • Alpha Foods (US) • Planterra Foods (US) • Before the Butcher (US) • No Evil Foods (US) • Like Meat (Germany) • The Meatless Farm Co. (England) • Hooray Foods (US) • Yves Veggie Cuisine (Canada)
Research Coverage This report segments the plant-based meat market on the basis of source, product, type, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, degree of competition, regulatory framework, value chain & supply chain, ecosystem/market map, end-use analysis, pricing insights, and company profiles—which together comprise and discuss the basic views on the competitive landscape, and emerging & high-growth segments of the plant-based meat market, high-growth regions, industry trends, drivers, restraints, opportunities, and challenges.
Reasons to buy this report • To get a comprehensive overview of the plant-based meat market • To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them • To gain insights about the major countries/regions, in which the plant-based meat market is flourishing
Our reports have been used by over 10K customers, including:
Meat - Market Summary, Competitive Analysis and Forecast, 2016-2025 Summary Global Meat industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions...
Meat binders are naturally occurring compounds present in a variety of vegetables, fruits, cereal flours, etc. in abundance, and act through their solubility, viscosity, gel-forming ability, water-binding capacity, oil adsorption capacity, fermentability, and mineral and organic molecule binding capacity, which affect the product quality and...
Grass fed: Growing popularity of plant-based meat products may soon eat into industry revenue Abstract Meat, Poultry and Smallgoods Wholesaling in Australia Industry operators primarily purchase and sell fresh or frozen meat, bacon, ham, smallgoods, poultry and rabbit. Businesses generally...
Meating increased demand: In 2021-22, demand for industry products from food-service industries is forecast to rise Abstract Meat & Meat Product Retailing in the UK The industry includes operators that specialise in the sale of meat such as poultry, beef, lamb and pork. Value-added products...
Slow process: Revenue has fallen over the past five years due to health concerns and pricing pressures Abstract Meat Product Manufacturing in the UK The Meat Product Manufacturing industry consists of firms engaged in the production of dried, salted or smoked meats. It also includes the...
Meeting demand: Strong export growth has aided revenue despite the negative effects of COVID-19 Abstract Meat Processing in New Zealand Industry operators primarily slaughter animals, and bone, freeze, preserve or pack meat products (excluding poultry). Operators that primarily manufacture...
Germany Meat Market Assessment and Forecast to 2025 - Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation Summary Country Profile report on the meat sector in Germany provides insights on high growth markets to target, trends...
74 pages •
By Euromonitor International
• Jan 2022
Historically, fresh food in Brazil tends to closely follow the economic situation in the country and reflects the dynamics of average purchasing power amongst the population. Unlike the pandemic’s impact on packaged food during the initial months in 2020, total volume sales of fresh food recorded declines as a result of combined factors. Fresh...
Prime cut: External competition is expected to continue to add pressure on operators, hurting industry growth Abstract Meat Markets in the US The Meat Markets industry retails a variety of fresh, frozen and cured meat primarily to households, as well as other downstream markets. In recent years, competition...
21 pages •
By Euromonitor International
• Jan 2022
The first year following the emergence of the pandemic marked a period of strong demand for meat as consumption occasions were concentrated in the home, with Brazilians having to prepare their daily meals. Whilst recording positive but undynamic growth rates in previous years, retail volumes of meat accelerated in 2020 due to extended periods...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.