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Plant-Based Meat Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMCG21472

Download Sample Report
Published On

October 2021

Total pages

267

About the Report

Recognizing the growth potential of pea protein, Cargill formed a joint venture with U.S. leading pea protein manufacturer PURIS in 2018 and invested USD 75 million in PURIS, allowing the company to double its pea protein production. In 2019 both Impossible Foods and Beyond Meat launched new iterations of their original burgers. In addition, Nestle-owned Sweet Earth Foods introduced the Awesome Burger made with yellow pea protein and Awesome Grounds, which is a plant-based replacement for ground beef. In the same year, Nestle announced that it would use Awesome Grounds in meatless versions of its DiGiorno pizza and Stouffer's lasagna. Furthermore, Conagra bolstered its plant-based presence when it acquired the Gardein brand, which includes a wide array of faux chicken, beef, fish, turkey, and pork products, in 2018. Ingredion also reports upping its plant protein production capacity. In 2018 the company purchased a processing facility to produce pulse-based protein isolates and forged a joint venture with a Canadian company that produces pulse-based protein concentrates and flours from peas.

Based on source, the Plant-based Meat Market is segmented into Soy, Wheat, Pea, Other Sources. Currently Soy source is majorly used to produce plant-based meat and meat alternative. Protein rich content and popularity is accelerating the demand for soy-based meat or meat alternative. Owing to Covid-19 demand for animal sourced food has seen a decline, as Covid-19 is considered as animal origin.

Based on product the Plant-based Meat Market is divided into Burger patties, Strips & nuggets, Sausages, Meatballs, Other Products. In 2020, Burger patties segment dominated the market and is expected to maintain its dominance throughout the forecast period. Plant-based meat burger patties have low-fat and gluten content. Shifting consumer preferences and increasing demand for burger patties from retail channels owing to convenience, taste, and texture are expected to drive the growth of the segment.

Based on type, the market is bifurcated into Beef, Chicken, Pork, Other (Seafood). In 2020, plant-based chicken dominated the market followed by plant-based beef.

For a better understanding of the market adoption of Plant-based Meat, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, India, Australia, Singapore, Rest of APAC), and Rest of World.

Some of the major players operating in the market include Beyond Meat, Impossible Foods Inc., Maple Leaf Foods, Tofurky, Alpha Foods, The Vegetarian Butcher, Quorn Foods, Morningstar Farms, Amy's Kitchen, Hooray Foods, etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

Scope of the Report

Products

Global Plant-based Meat Market was valued at USD 12.4 billion in 2020 and is anticipated display a CAGR of around 17.3% over the forecast period.

Companies

Beyond Meat, Impossible Foods Inc., Maple Leaf Foods, Tofurky, Alpha Foods, The Vegetarian Butcher, Quorn Foods, Morningstar Farms, Amy's Kitchen, Hooray Foods

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Plant-based Meat Market

2.2. Research Methodology of the Plant-based Meat Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Plant-based Meat Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL PLANT-BASED MEAT MARKET COVID-19 IMPACT

6 GLOBAL PLANT-BASED MEAT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SOURCE

7.1. Soy

7.2. Wheat

7.3. Pea

7.4. Other Sources

8 MARKET INSIGHTS BY PRODUCT

8.1. Burger patties

8.2. Strips & nuggets

8.3. Sausages

8.4. Meatballs

8.5. Other Products

9 MARKET INSIGHTS BY TYPE

9.1. Beef

9.2. Chicken

9.3. Pork

9.4. Other (Seafood)

10 MARKET INSIGHTS BY REGION

10.1. North America Plant-based Meat Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Plant-based Meat Market

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Rest of Europe

10.3. Asia Pacific Plant-based Meat Market

10.3.1. China

10.3.2. India

10.3.3. Australia

10.3.4. Singapore

10.3.5. Rest of Asia Pacific

10.4. Rest of World Plant-based Meat Market

11 PLANT-BASED MEAT MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 PLANT-BASED MEAT MARKET OPPORTUNITIES

13 PLANT-BASED MEAT MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Beyond Meat

18.2. Impossible Foods Inc.

18.3. Maple Leaf Foods

18.4. Tofurky

18.5. Alpha Foods

18.6. The Vegetarian Butcher

18.7. Quorn Foods

18.8. Morningstar Farms

18.9. Amy's Kitchen

18.10. Hooray Foods

19 DISCLAIMER

Research Methodology

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