Plant-based Meat Market by Source (Soy, Wheat, Pea, Quinoa, Oats, Beans, Nuts), Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs), Type (Pork, Beef, Chicken, Fish), Process, and Region - Global Forecast to 2025
Plant-based Meat Market
Plant-based Meat Market Key Drivers, Restraint, & Challenges:
Plant-based meat products are the meat substitutes derived from plant sources such as soy, wheat, and pea. They mimic the characteristics of animal-based meat in terms of taste and texture. The most commonly available and popular plant-based meat products in the market include nuggets, sausages, meatballs, and burger patties. The prime objective behind the concept of plant-based meat is to reduce animal meat consumption, especially due to the health concerns as well as environmental issues associated with it.
Key Drivers:
- Growing vegan and flexitarian population across the world
- Rise in awareness about the awareness of the health benefits of plant-based meat over animal meat
- Growth in government initiatives along with significant investments
- Major food industry pioneer investing and introducing plant-based meat products
Key Restraint & Challenges:
- Population allergic to plant-based meat sources such as soy and wheat
- Perception of taste
- Genetically modified (gm) soybeans
Types of Plant-based meat :
Plant-based meat is sourced from soy, wheat, pea, and other sources such as oats and quinoa; they are used to replicate and replace conventional meat such as chicken, pork, beef, and fish. A large number of processed burger patties, sausages, strips, and slices are being made available to the consumers with functional benefits provided by plant-based meat.
- Pork
- Beef
- Chicken
- Fish
Top 10 players in Plant-based Meat Industry:
The competitive landscape provides an overview of the relative market position of the key players operating in the plant-based meat market, based on the strength of their project offerings and business strategies, analyzed based on a proprietary model. Key players in the market have majorly adopted strategies such as new product launches, agreements, collaborations, and joint ventures, expansions, and acquisitions. Some of the major players in the market are:
- Beyond Meat
- Impossible Food Inc
- Maple Leaf Foods
- The Vegetarian Butcher
- Gardein Protein International
- Morningstar Farms
- Quorn Foods
- Amy’s Kitchen
- Tofurky
- Gold&Green Foods Ltd
[142 Pages Report] The plant-based meat market is estimated to account for a value of USD 12.1 billion in 2019 and is projected to grow at a CAGR of 15.0% from 2019, to reach a value of USD 27.9 billion by 2025. An increasing number of consumers are demanding plant-based meat, either for medical reasons or as a healthy lifestyle. As a result, the demand for plant-based meat continues to expand. Additionally, continuous efforts in research & development by plant-based meat manufacturers, in terms of better aroma, texture, longer shelf life, and better nutritious profiles, are projected to escalate the growth of the global plant-based meat market in the coming years. Companies, both start-ups, and established players are entering this high growth market owing to the growing preference for plant-based diets among consumers at a global level. Established food companies such as Cargill (US) and Tyson Foods (US) have invested in start-ups that are producing plant-based meat products; this is further expected to boost sales of plant-based meat products in the coming years.
By source, the soy segment is projected to dominate the plant-based meat market during the forecast period.
By source, the plant-based meat market is segmented into soy, wheat, pea, and others (quinoa, oats, beans, and seeds). Soy is widely used as a base ingredient for plant-based pork, beef, and chicken products, owing to its high protein content and meat-like texture. The growing health concerns associated with the consumption of animal protein-sourced foods and the adoption of flexitarian and vegetarian diets are expected to drive consumption of soy as a source in the global market. Impossible Foods offers soy-based burgers and is backed by a strong distribution network in the US. In January 2019, the company launched an upgraded version of its burger, which would have 30% less sodium and 40% less saturated fat.
By type, the chicken segment is projected to dominate the plant-based meat market during the forecast period.
Various sausages, nuggets, strips, and burgers have chicken as their major meat ingredient. Chicken flesh and eggs are loaded with animal protein, fats, and cholesterol. On the other hand, the protein content in plant-based meat chicken products is about the same while the other nutrients may vary. Beyond Meat’s (US) plant-based burger includes ingredients such as pea protein and canola oil. Impossible Food’s (US) patties contain soy protein and coconut oil to replicate the taste of chicken.
Environmental hazards associated with the killing of animals is projected to drive the plant-based meat market in the Asia Pacific.
The raising of awareness through global animal welfare organizations such as PETA (People for the Ethical Treatment for Animals) has encouraged people to consider a meat-free diet. The Asia Pacific plant-based meat market is projected to be dominated by China. The increasing environmental impact due to the excessive animal killing for meat consumption has created significant demand for plant-based meat in China. The Chinese market is projected to witness significant growth due to the increase in demand from consumers for meatless food products.
Key Market Players
The key players in the global plant-based meat market include Impossible Foods (US), Beyond Meat (US), Garden Protein International (US), Morningstar Farms (US), Quorn Foods (UK), Amy’s Kitchen (US), Maple Leaf Foods (Canada), the Vegetarian Butcher (Netherlands), Tofurky (US), Gold&Green Foods (US), Sunfed (New Zealand), and VBites (UK). Beyond Meat (US) and Impossible Foods (US) are the top two players in the market. These companies are backed by a robust distribution network with retail chains and restaurants at a global level for the distribution of its plant-based meat products. These companies have adopted new product launches as a key strategy to expand their presence in the market. For instance, in March 2019, Impossible Foods (US) launched plant-based meat in Singapore.
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
2017-2025 |
|
Base year considered |
2018 |
|
Forecast period |
2019-2025 |
|
Forecast units |
Value (USD Billion) |
|
Segments covered |
Source, Type, Product, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, and Rest of World (RoW) |
|
Companies covered |
Impossible Foods (US), Beyond Meat (US), Garden Protein International (US), Morningstar Farms (US), Quorn Foods (UK), Amy’s Kitchen (US), Maple Leaf Foods (Canada), The Vegetarian Butcher (The Netherlands), Tofurky (US), Gold&Green Foods (US), Sunfed (New Zealand), and VBites (UK). |
This research report categorizes the plant-based meat market based on source, product, type, and region.
On the basis of Source, the market has been segmented as follows:
- Soy
- Wheat
- Pea
- Others (Quinoa, oats, beans, nuts, and seeds)
On the basis of Type, the market has been segmented as follows:
- Pork
- Beef
- Chicken
- Fish
- Others (Lamb and turkey)
On the basis of Product, the market has been segmented as follows
- Burger patties
- Sausages
- Strips & nuggets
- Meatballs
- Others (slices, fillets, cutlets, slides, fingers, and crumbles)
On the basis of Region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW) (South America and the Middle East & Africa)
Recent Developments
- In March 2019, Impossible Foods launched its plant-based meat, with a variety of dishes available at eight restaurants throughout Singapore. The motive behind the launch was to expand its global reach.
- In March 2019, Beyond Meat launched a plant-based ground beef product to meet the rising consumer demands and enhance its plant-based meat product portfolio.
- In March 2019, Morningstar Farms launched a plant-based vegan cheeseburger to meet the demand of its consumers.
Key questions addressed by the report
- What are the new product areas the plant-based meat companies are exploring?
- Which are the key players in the plant-based meat market and how intense is the competition?
- What kind of competitors and stakeholders, such as plant-based meat companies, would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
- How are the current R&D activities and M&A’s in the plant-based meat market projected to create a disrupting environment in the coming years?
- What will be the level of impact, on the revenues of stakeholders, of the benefits of plant-based meat to different stakeholders‒‒from rising revenue, environmental regulatory compliance, to sustainable profits for the suppliers?
Frequently Asked Questions (FAQ):
Can you provide us regulatory analysis by country?
We can offer regulatory analysis by country for plant-based meat product such as:
- Burger Patties
- Sausages
- Strips & Nuggets
- Meatballs
What is future impact? Do you have impact analysis coverage?
Can you provide data and market sizing for plant based products other than meat?
Yes, we have covered dairy alternatives segment and plant base beverage segment on separate research study report. If you want we can share the ToC of the below reports:
- Dairy Alternatives Market
- Plant Based Beverages Market
- Pea Protein Market
- Soy protein ingredients Market
We want to understand the research methodology and how you arrive at those numbers?
Yes, we can explain the research methodology. If we can schedule a phone so that we can explain all your queries. Further for your knowledge:
Multiple approaches have been adopted to understand the holistic view of this market:
- Top down approach
- Bottom-up approach from regional level
- Primary interviews with industry experts
- Revenue mapping of key players and analyzing their market share
- Data triangulation
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities in the Plant-based Meat Market
4.2 Plant-based Meat Market, By Region, 2019 Vs. 2025
4.3 Plant-Based Meat Market, By Source
4.4 Asia Pacific: Plant-based Meat Market, By Source & Country
4.5 Plant-Based Meat Market Growth, By Country
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Supply Chain
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Vegan and Flexitarian Population Across the World
5.3.1.2 Rise in Awareness About the Awareness of the Health Benefits of Plant-based Meat Over Animal Meat
5.3.1.3 Growth in Government Initiatives Along With Significant Investments
5.3.1.4 Major Food Industry Pioneer Investing and Introducing Plant-based Meat Products
5.3.2 Restraints
5.3.2.1 Population Allergic to Plant-based Meat Sources Such as Soy and Wheat
5.3.3 Opportunities
5.3.3.1 an Alternative Solution to Meet the Tremendously Growing Demand for Animal Meat Products in the Future
5.3.3.2 Favorable Marketing and Correct Positioning of Plant-based Meat
5.3.4 Challenges
5.3.4.1 Perception of Taste
5.3.4.2 Genetically Modified (GM) Soybeans
6 Market Disruptions (Page No. - 43)
6.1 Increase in Usage of Pea as A Base Ingredient for Plant-based Meat Products
6.2 Demand for Variety in Plant-based Pork and Fish Products
7 Plant-based Meat Market, By Source (Page No. - 44)
7.1 Introduction
7.2 Soy
7.2.1 Key Player Impossible Foods Offering Soy-Based Burgers, With A Robust Presence in the US
7.3 Wheat
7.3.1 Suitable Alternative to Consumers Allergic to Soy
7.4 PEA
7.4.1 Growing Interest Among Plant-based Food Manufacturers in Its Health Benefits
7.5 Others
7.5.1 Companies in Europe are Adding New Ingredients Such as Oats and Quinoa in Plant-based Foods
8 Plant-based Meat Market, By Product (Page No. - 49)
8.1 Introduction
8.2 Burger Patties
8.2.1 Impossible Foods (US) and Beyond Meat (US) are the Two Leading Market Players That are Offering Plant-based Burgers
8.3 Sausages
8.3.1 The Growing Health and Wellness Trends Have Increased the Popularity of Plant-based Sausages
8.4 Strips & Nuggets
8.4.1 Gardein Protein International (Canada) and Morningstar Farms (US) are Some of the Key Companies That Offer Plant-based Chicken Strips
8.5 Meatballs
8.5.1 Rising Demand for Variants of Plant-based Meat Products to Drive the Demand for Meatballs Segment
8.6 Others
9 Plant-based Meat Market, By Type (Page No. - 55)
9.1 Introduction
9.2 Pork
9.2.1 The European Region Dominated the Pork Segment for Plant-Based Meat Market
9.3 BEEF
9.3.1 Surging Awareness Associated With Consumption of Beef Protein Through High Nutritional Food is Gaining Importance Among Consumers
9.4 Chicken
9.4.1 Growth in Popularity of Chicken Products to Drive the Demand for Plant-based Chicken Meat
9.5 Fish
9.5.1 Rise in Sales of Fish Products Enabling Plant-based Producers to Offer Plant-based Fish Products
9.6 Others
10 Plant-based Meat Market, By Process (Page No. - 61)
10.1 Introduction
10.2 Grinding
10.3 Mixing
10.4 Blending
10.5 Forming/Shaping
10.6 Freezing Systems
10.7 Storage
11 Plant-based Meat Market, By Region (Page No. - 63)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Presence of Key Players Operating in the Plant-based Meat Market, With A Wide Distribution Network Across the Country
11.2.2 Canada
11.2.2.1 Export of Pork and Other Meat Products Enabling the Domestic Slaughter
11.2.3 Mexico
11.2.3.1 Increasing Demand for Meat and Pork Products in the Country
11.3 Europe
11.3.1 Germany
11.3.1.1 Exponentially Growing Trend of Veganism to Drive the German Market in the Coming Years
11.3.2 UK
11.3.2.1 Increasing Flexitarian Population as Well as Rising Awareness About the Health and Environmental Concerns to Drive the Market
11.3.3 France
11.3.3.1 Health Concerns Surrounding the Consumption of Animal Meat to Drive the Demand for Plant-based Meat
11.3.4 Spain
11.3.4.1 Innovative Product Offerings By Leading Players, and Plant-based Meat Startups to Drive the Market in Future
11.3.5 Italy
11.3.5.1 Rising Vegetarian Population to Drive the Market for Plant-based Meat
11.3.6 Rest of Europe
11.3.6.1 Rising Health Concerns, Environmental Concerns, and Increasing Vegan Population to Drive the Market in Future
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Growing Acceptance of Plant-based Meat Among Chinese Consumers Owing to Rising Inclination Towards Healthy Food Products
11.4.2 Japan
11.4.2.1 Rise in Number of Vegan Population to Drive the Market
11.4.3 Australia & New Zealand
11.4.3.1 Increasing Inclination Toward Nutritional Food to Drive the Market During the Forecast Period
11.4.4 Singapore
11.4.4.1 New Product Launches By Key Players Operating in Global Plant-based Meat Market
11.4.5 Rest of Asia Pacific
11.4.5.1 Consumers Opting for Plant-based Meat Due to the Increasing Health Concerns
11.5 Rest of the World
11.5.1 South America
11.5.1.1 Adoption of an Urbanized Lifestyle in Countries Such as Argentina and Brazil Leading Consumers Towards Plant-based Diet and Thereby Towards Plant Based Meat
11.5.2 Middle East & Africa
11.5.2.1 Rise in Number of Consumers Opting for Vegan Diet
12 Competitive Landscape (Page No. - 96)
12.1 Overview
12.2 Competitive Leadership Mapping (Overall Market)
12.2.1 Terminology/Nomenclature
12.2.1.1 Visionary Leaders
12.2.1.2 Innovators
12.2.1.3 Dynamic Differentiators
12.2.1.4 Emerging Companies
12.3 Ranking of Key Players, 2018
12.3.1 New Product Launches
12.3.2 Expansions & Investments
12.3.3 Acquisitions
12.3.4 Agreements & Partnerships
13 Company Profiles (Page No. - 104)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis and MnM View; Please note in-depth coverage in various sections is subjected to data availability)
The companies are listed in no particular order, but as a representation of the market’s ecosystem.
13.1 Beyond Meat
13.2 Impossible Food Inc.
13.3 Maple Leaf Foods
13.4 The Vegetarian Butcher
13.5 Gardein Protein International (Pinnacle Foods)
13.6 Morningstar Farms
13.7 Quorn Foods
13.8 Amy’s Kitchen
13.9 Tofurky
13.10 Gold&Green Foods Ltd.
13.11 Sunfed
13.12 VBites Foods Limited
14 Appendix (Page No. - 135)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (72 Tables)
Table 1 USD Exchange Rates Considered, 2014–2018
Table 2 Nutrients Present in Sources of Plant-based Meat
Table 3 Top Universities Funded for Plant-based Meat Research
Table 4 Plant-based Meat Market Size, By Source, 2017–2025 (USD Million)
Table 5 Soy-Based Meat Market Size, By Region, 2017–2025 (USD Billion)
Table 6 Wheat-Based Meat Market Size, By Region, 2017–2025 (USD Billion)
Table 7 Pea-Based Meat Market Size, By Region, 2017–2025 (USD Billion)
Table 8 Other Plant-based Meat Market Size, By Region, 2017–2025 (USD Billion)
Table 9 Plant-based Meat Market Size, By Product, 2017–2025 (USD Million)
Table 10 Burger Patties: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 11 Sausages: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 12 Strips & Nuggets: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 13 Meatballs: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 14 Others: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 15 Plant-based Meat Market Size, By Type, 2017–2025 (USD Million)
Table 16 Pork: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 17 Beef: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 18 Chicken: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 19 Fish: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 20 Others: Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 21 Plant-based Meat Market Size, By Region, 2017–2025 (USD Million)
Table 22 North America: Plant-based Meat Market Size, By Country, 2017–2025 (USD Million)
Table 23 North America: Market Size, By Source, 2017–2025 (USD Million)
Table 24 North America: Market Size, By Type, 2017–2025 (USD Million)
Table 25 US: Plant-based Meat Market Size, By Source, 2017–2025 (USD Million)
Table 26 US: Market Size, By Type, 2017–2025 (USD Million)
Table 27 Canada: Market Size, By Source, 2017–2025 (USD Million)
Table 28 Canada: Market Size, By Type, 2017–2025 (USD Million)
Table 29 Mexico: Market Size, By Source, 2017–2025 (USD Million)
Table 30 Mexico: Market Size, By Type, 2017–2025 (USD Million)
Table 31 Europe: Plant-based Meat Market Size, By Country, 2017–2025 (USD Million)
Table 32 Europe: Market Size, By Product Type, 2017–2025 (USD Million)
Table 33 Europe: Market Size, By Type, 2017–2025 (USD Million)
Table 34 Europe: Market Size, By Source, 2017–2025 (USD Million)
Table 35 Germany: Market Size, By Type, 2017–2025 (USD Million)
Table 36 Germany: Market Size, By Source, 2017–2025 (USD Million)
Table 37 UK: Market Size, By Type, 2017–2025 (USD Million)
Table 38 UK: Market Size, By Source, 2017–2025 (USD Million)
Table 39 France: Market Size, By Type, 2017–2025 (USD Million)
Table 40 France: Market Size, By Source, 2017–2025 (USD Million)
Table 41 Spain: Market Size, By Type, 2017–2025 (USD Million)
Table 42 Spain: Market Size, By Source, 2017–2025 (USD Million)
Table 43 Italy: Market Size, By Type, 2017–2025 (USD Million)
Table 44 Italy: Market Size, By Source, 2017–2025 (USD Million)
Table 45 Rest of Europe: Plant-based Meat Market Size, By Type, 2017–2025 (USD Million)
Table 46 Rest of Europe: Market Size, By Source, 2017–2025 (USD Million)
Table 47 Asia Pacific: Plant-based Meat Market Size, By Country, 2017-2025 (USD Million)
Table 48 Asia Pacific: Market Size, By Product Type, 2017-2025 (USD Million)
Table 49 Asia Pacific: Market Size, By Type, 2017-2025 (USD Million)
Table 50 Asia Pacific: Market Size, By Source, 2017-2025 (USD Million)
Table 51 China: Market Size, By Type, 2017-2025 (USD Million)
Table 52 China: Market Size, By Source, 2017-2025 (USD Million)
Table 53 Japan: Market Size, By Type, 2017-2025 (USD Million)
Table 54 Japan: Market Size, By Source, 2017-2025 (USD Million)
Table 55 Australia & New Zealand: Market Size, By Type, 2017-2025 (USD Million)
Table 56 Australia & New Zealand: Market Size, By Source, 2017-2025 (USD Million)
Table 57 Singapore: Market Size, By Type, 2017-2025 (USD Million)
Table 58 Singapore: Market Size, By Source, 2017-2025 (USD Million)
Table 59 Rest of Asia Pacific: Plant-based Meat Market Size, By Type, 2017-2025 (USD Million)
Table 60 Rest of Asia Pacific: Market Size, By Source, 2017-2025 (USD Million)
Table 61 RoW: Plant-based Meat Market Size, By Country, 2017-2025 (USD Million)
Table 62 RoW: Market Size, By Product, 2017-2025 (USD Million)
Table 63 RoW: Market Size, By Type, 2017-2025 (USD Million)
Table 64 RoW: Market Size, By Source, 2017-2025 (USD Million)
Table 65 South America: Plant-based Meat Market Size, By Type, 2017-2025 (USD Million)
Table 66 South America: Market Size, By Source, 2017-2025 (USD Million)
Table 67 Middle East & Africa: Plant-based Meat Market Size, By Type, 2017-2025 (USD Million)
Table 68 Middle East & Africa: Market Size, By Source, 2017-2025 (USD Million)
Table 69 New Product Launches, 2013-2019
Table 70 Expansions & Investments, 2014- 2019
Table 71 Acquisitions, 2018
Table 72 Agreements & Partnerships, 2017 - 2018
List of Figures (38 Figures)
Figure 1 Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Plant-based Meat Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 US: Investment in Plant-based Food Companies, 2013–2018 (USD Million)
Figure 9 Plant-based Meat Market Snapshot, 2017–2025 (USD Million)
Figure 10 The Burger Patties Segment is Projected to Dominate the Plant-based Meat Market Through 2025
Figure 11 The Chicken Segment is Projected to Dominate the Market for Plant-based Meat Through 2025
Figure 12 The Soy Segment is Projected to Dominate the Plant-based Meat Market Through 2025
Figure 13 Plant-based Meat Market Share and Growth (Value), By Region, 2018
Figure 14 Growing Vegetarian Population to Drive the Plant-based Meat Market
Figure 15 North America to Dominate the Plant-based Meat Market From 2019 to 2025
Figure 16 The Soy Segment is Estimated to Be the Largest Segment of Plant-based Meat Market From 2019 to 2025
Figure 17 The Soy Segment Accounted for the Largest Share of the Asia Pacific Plant-based Meat Market in 2018
Figure 18 US, Germany, and the UK are Projected to Grow at the Highest Rates During the Forecast Period
Figure 19 Plant-based Meat: Supply Chain
Figure 20 Market Dynamics: Plant-based Meat
Figure 21 UK: Vegan Population, 2014–2018
Figure 22 Global Meat Demand, 2005 Vs. 2050 (Million Ton)
Figure 23 Soy Dominated the Market From 2019 to 2025 (USD Million)
Figure 24 Plant-based Meat Market Size, By Product, 2019–2025 (USD Million)
Figure 25 The Chicken Segment, By Type, Dominated the Market From 2019 to 2025 (USD Million)
Figure 26 The US Held the Largest Market Share in the Plant-based Meat Market During the Forecast Period
Figure 27 North America: Plant-based Meat Snapshot
Figure 28 Europe: Plant-based Meat Market Snapshot
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Key Developments of the Leading Players in the Plant-based Meat Market, 2014–2018
Figure 31 Global Plant-based Meat Market Competitive Leadership Mapping, 2018
Figure 32 Beyond Meat Dominated the Plant-based Meat Market in 2018
Figure 33 Beyond Meat: SWOT Analysis
Figure 34 Impossible Foods Inc.: SWOT Analysis
Figure 35 Maple Leaf Foods: Company Snapshot
Figure 36 Maple Leaf Foods.: SWOT Analysis
Figure 37 The Vegetarian Butcher: SWOT Analysis
Figure 38 Gardein Protein International: SWOT Analysis
The study involves four major activities to estimate the current size for plant-based meat market. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. These findings, assumptions, and market size were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
The plant-based meat market comprises several stakeholders such as meat substitute manufacturers and suppliers, processed meat substitute manufacturers/suppliers, government & research organizations, associations, and industry bodies. The demand-side of this market is characterized by the rising demand for plant protein sources. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the plant-based meat market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents
Data Triangulation
After arriving at the overall market size—using the market size estimation processes, as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the food industry.
Report Objectives
- To define, segment, and project the global market size for the plant-based meat market
- To understand the structure of the plant-based meat market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total plant-based beverages market
- To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with their respective key countries)
- To profile the key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify the major growth strategies adopted by the players across key regions
- To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports as per client-specific requirements. The available customization options are as follows:
Regional Analysis
- Further breakdown of the Rest of Asia Pacific plant-based meat market, by country
- Further breakdown of other Rest of Europe plant-based meat market, by country
- Further breakdown of other Rest of the World plant-based meat market, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Get in-depth analysis of the COVID-19 impact on the Plant-based Meat Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Plant-based Meat Market
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- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Plant-based Meat Market
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Growth opportunities and latent adjacency in Plant-based Meat Market
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