Plant-based Meat Market

Plant-based Meat Market worth $8.3 billion by 2025

The report "Plant-based Meat Market by Source (Soy, Wheat, Pea, & Other Sources), Product (Burger Patties, Strips & Nuggets, Sausages, Meatballs, & Other Products), Type (Beef, Chicken, Pork, Fish, & Other Types), Process, and Region - Global Forecast to 2025"According to MarketsandMarkets, the plant-based meat market size 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% during the forecast period in terms of value. Over past few years, the veganism has gained a huge popularity among consumers across the globe which has fueled the demand for plant-based meat in the global market. An increasing number of consumers are demanding and shifting towards plant-based meat, either for medical reasons or for leading a healthy lifestyle, and as a result, the current generation of plant-based meat continues to expand.

Browse 129 market data Tables and 45 Figures spread through 188 Pages and in-depth TOC on "Plant-based Meat Market by Source (Soy, Wheat, Pea, & Other Sources), Product (Burger Patties, Strips & Nuggets, Sausages, Meatballs, & Other Products), Type (Beef, Chicken, Pork, Fish, & Other Types), Process, and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/plant-based-meat-market-44922705.html

Beef was the largest type segment in the global plant-based meat market and anticipated to maintain the dominance over the forecast period.

Plant-based beef provides similar characteristics to that of beef. Beef-related plant-based products such as meat-free beef pieces, no-beef burgers, beef watercress, and beefsteak are made from sources such as soy and wheat. On February 2019, Tyson Foods (US) is one of the leading processors and providers of beef, chicken, and pork announced to launch its plant-based products line made from plants.

Soy was the largest source segment of plant-based meat across the globe and anticipated to maintain the dominance over the forecast period.

Over past few years, the consumption of soy foods has grown significantly in Western countries, owing to the increase in the adoption of vegetarian diets. Soy-based foods are cholesterol-free as against animal protein foods and serve as a source of fibers, vitamins, and other essential nutrients. Plant-based meat producers are increasingly incorporating soy to make products such as burgers, meatballs, and sausages.

Burger patties is anticipated to witness to be the fastest-growing product segment in the global plant-based meat market.

Plant-based burgers have been around for many years. These are made of plants- legumes, grains, and a variety of other vegetables. Impossible Foods Inc. (US) and Beyond Meat (US) are the two leading market players offering plant-based burgers. For instance, Impossible Foods Inc. (US) supplies its burger patties in over 4000 foodservice locations in the US due to its partnership with Dot Foods (US), the largest food redistributor in the US.

Europe was the largest region in the plant-based meat market over the forecast period

The key countries that play an important role in the plant-based meat market in across the globe are from the European region including the UK, France, Germany, Spain, and Italy. The consumers in the region are significantly changing their non-vegetarian diet to vegan diet. The manufacturers in Europe are currently focusing on new product developments that include plant-based meat with better texture, appearance, and composition.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Beyond Meat (US), Impossible Foods Inc. (US), Maple Leaf Foods (Canada), Morningstar Farms (US), Quorn Foods (UK), Gardein Protein International (Canada), Tofurky (US), and The Vegetarian Butcher (Netherlands).

Don’t miss out on business opportunities in Plant-based Meat Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]


Report Code
FB 7110
PR Published ON
12/8/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Plant-based Meat Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home