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Plant-based Meat market

Plant-based Meat Market Size, Share and Segmentation by Source (Soy, Pea, Wheat), by Product (Burgers, Patties, Sausages), by Type (Chicken, Pork, Beef), by End-user, by Storage, by Regions and Global Market Forecast 2022 - 2028

Report Id: SNS/F&B/1356 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Plant-based meat market is assessed to be esteemed at USD 5.15 billion by 2021 and is projected to arrive at USD 18.24 billion by 2028, recording a CAGR of 19.8%, concerning esteem.

Plant-based meat is essentially meat gotten from plants. It is made to taste, look, and feel like conventional meat from creature items. Plant-based meat is healthier than customary meat as it is lower in calories and soaked fats. Coconut oil, vegetable protein concentrate, and beet juice are a portion of the fixings utilized in plant-based meat. Plant-based meat is better when consumed with some restraint as a feature of a reasonable eating routine. It likewise offers more healthful advantages than ordinary meat.

Plant-based meat Market Revenue Graph

It is seeing huge development because of developing vegetarian and flexitarian populace across the world, rising mindfulness about the medical advantages presented by plant-based meat over creature meat, and development in government drives alongside critical ventures are driving the worldwide market. The European market will rule the market, because of inventive item improvement in the area, supported with fitting innovative work offices accessible in the district.

Developing buyer premium in plant-based eats fewer carbs, combined with the rising awareness for basic entitlements through different government assistance associations is supposed to drive the market. Plant-based meat is turning into an indispensable piece of a veggie lover’s diet, wherein the people take on a vegan way of life that is absent any trace of creature-based food sources. Customers are leaning towards veganism for wellbeing and moral reasons, while different shoppers are picking veggie-lover fixings to stay away from creature savagery and to eat feasible food and drink items.

Market Dynamics:

Driving Factors:

  • Making Know About the Health Benefits Offered by Plant-Based Meat Over Animal Meat.

Restraining Factors:

  • The more exorbitant cost of items in contrast with conventional meat.

Opportunities:

  • Good advertising and the right situating of plant-based meat.

Challenges:

  • Insight in regards to the flavor of plant-based meat items.

Impact of Covid-19:

The flare-up of the COVID-19 pandemic has essentially affected the interest and development of the plant-based meat market. It is because of the disturbance in provisions of key unrefined components, limited admittance to creation spaces, and hindered dissemination channels. Foodservice channel dissemination was seriously affected, and storage space loading and frenzy purchasing were at the most elevated point across various retail deals during the underlying period of the pandemic

Besides, the burden of complete or halfway lockdown across different countries of the district has urged customers to purchase items through web-based mediums, which has additionally roused merchants to move to the web-based circulation channel. The pandemic has made more mindfulness among purchasers concerning the significance of keeping up with quality food examples and ways of life, which has additionally flooded the interest for good food substitutes including plant-based meat items.

Key Market Segmentation:

By Source:

  • Soy

  • Pea

  • Wheat

By Product:

  • Burgers

  • Sausages

  • Patties

  • Nuggets, Tenders & Cutlets

  • Grounds

By Type:

  • Chicken

  • Pork

  • Beef

  • Fish

By End-user:

  • Retail

  • HORECA (Hotel/Restaurant/Café)

By Storage:

  • Refrigerated Plant-based Meat

  • Frozen Plant-based Meat

  • Shelf-stable Plant-based Meat

Plant-based meat Market Revenue Graph

The pea-based meat section is expected to observe a significant development rate during the estimated time frame. The pea-based patties could be utilized in burgers instead of hamburger, chicken, or pork-based patties. Moreover, attributes of pea-based meat like comparability in surface and consistency to meat, high protein content, simple openness, and speedy arrangement are assessed to add to the critical development of the section.

In 2020, the plant-based chicken portion secured the most noteworthy income share on the lookout. Chicken is one of the significantly involved fixings in the traditional meat industry for making a wide scope of items like patties, pieces, and cutlets since it offers protein, creature fats, and cholesterol. When contrasted with it, plant-based chicken items contain around a similar amount of protein yet different supplements can vary from one item to another.

In 2020, the burgers fragment procured the most extreme income share on the lookout. These burgers contain fixings that offer comparative flavor, fragrance, and surface to meat. A few organizations like Impossible Foods, Kraft Foods, and others are presenting various assortments of burgers containing plant-based meat.

Regional Coverage:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America           

North America, driven by Canada and the U.S. plant-based meat market size is ready to enroll over10% CAGR up to 2025. European plant-based meat market interest, driven by Germany, the UK, and France is set to outperform USD 55 million by 2025. Severe guidelines on creature government assistance went with shopper attitude toward veggie lover and vegan item choices ought to encourage territorial market share. The Asia Pacific gasp-based meat industry standpoint is probably going to stay positive through 2025. APAC, driven by India, Japan, and China markets size was esteemed at over USD 30 million in 2018. Expanding heftiness and cardiovascular sickness cases in the geriatric populace are prompting consume plant-based meat items to drive industry development in the locale.

Key Players:

Major players included in this report are Amy’s Kitchen, Beyond Meat, Garden Protein International, Gold & Green Foods, Greenwise, Impossible Foods, Maple Leaf Foods, Morningstar Farms, Novameat, Omnipork, Quorn Foods, Surfed, The Vegetarian Butcher, Tofurky, V2food, VBites, and Zikooin.

Plant-based Meat market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.15 Billion
Market Size by 2028 US$ 18.24 Billion
CAGR CAGR 31.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Source (Soy, Pea, Wheat)
• by Product (Burgers, Patties, Sausages)
• by Type (Chicken, Pork, Beef)
• by End-user
• by Storage
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Amy’s Kitchen, Beyond Meat, Garden Protein International, Gold & Green Foods, Greenwise, Impossible Foods, Maple Leaf Foods, Morningstar Farms, Novameat, Omnipork, Quorn Foods, Surfed, The Vegetarian Butcher, Tofurky, V2food, VBites, and Zikooin.
Key Drivers •Making Know About the Health Benefits Offered by Plant-Based Meat Over Animal Meat.
Restraints •The more exorbitant cost of items in contrast with conventional meat.


Frequently Asked Questions (FAQ) :

Ans: Asia has the biggest offer in the Plant-based Meat market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: Source, Product, Type, End-user, and Storage Outlook are the segments covered in the Plant-based Meat Market.

Ans: Making Know About the Health Benefits Offered by Plant-Based Meat Over Animal Meat and good advertising and the right situation of plant-based meat are the elements driving and resulting in opportunities for the Plant-based Meat market.

Ans: The plant-based meat market is assessed to be esteemed at USD 5.15 billion by 2021.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

9. Plant-based meat Market Segmentation, by Product

9.1 Burgers

9.2 Sausages

9.3 Patties

9.4 Nuggets, Tenders & Cutlets

9.5 Grounds

 

10. Plant-based meat Market Segmentation, by Source

10.1 Soy

10.2 Pea

10.3 Wheat

 

11. Plant-based meat Market Segmentation, by Type

11.1 Chicken

11. 2 Pork

11.3 Beef

11. 4 Fish

 

12. Plant-based meat Market Segmentation, by End-user

12.1 Retail

12.2 HORECA (Hotel/Restaurant/Café)

 

13. Plant-based meat Market Segmentation, by Storage

13.1 Refrigerated Plant-based Meat

13.2 Frozen Plant-based Meat

13.3 Shelf-stable Plant-based Meat

 

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 the USA

14.2.2  Canada

14.2.3  Mexico

14.3 Europe

14.3.1  Germany

14.3.2  the UK

14.3.3  France

14.3.4  Italy

14.3.5  Spain

14.3.6  The Netherlands

14.3.7  Rest of Europe

14.4 Asia-Pacific

14.4.1  Japan

14.4.2  South Korea

14.4.3  China

14.4.4  India

14.4.5  Australia

14.4.6  Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1  Israel

14.5.2  UAE

14.5.3  South Africa

14.5.4  Rest

14.6 Latin America

14.6.1  Brazil

14.6.2  Argentina

14.6.3  Rest of Latin America

 

15. Company Profiles

15.1 Amy’s Kitchen

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Beyond Meat

15.3 Garden Protein International

15.4 Gold & Green Foods

15.5 Greenwise

15.6 Impossible Foods

15.7 Maple Leaf Foods

15.8 Morningstar Farms

15.9 Novameat

15.10 Omnipork

15.11 Quorn Foods

15.12 Surfed

15.13 The Vegetarian Butcher

15.14 Tofurky

15.15 V2food

15.16 VBites

15.17 Zikooin

 

16. Competitive Landscape

16.1 Competitive Benchmarking

16.2 Market Share analysis

16.3 Recent Developments

 

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

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