Plant-based Meat: Global Markets

Report Code: FOD098B

Publish Date: Jun 2024

Publisher: BCC Publishing

Category: Food

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Report Highlights

The global market for plant-based meat is expected to grow from $8.8 billion in 2023 to $17.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 14.1% from 2023 through 2028.

Report Includes

  • 40 data tables and 33 additional tables
  • Analysis of the global market for plant-based meat sources and products for consumption
  • Analyses of the global market trends, with market revenue data for 2022, estimates for 2023, and projected CAGRs through 2028
  • Estimates of the market size and revenue growth, and a corresponding market share analysis by source, product type, product category, and region
  • An assessment of the current and future market potential of plant-based meat
  • Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies, regulations and the impacts of macroeconomic variables
  • Overview of sustainability trends and ESG developments, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
  • An analysis of the competitive landscape, including companies’ market shares, business segments, financials, product portfolios, recent M&A activity and venture funding
  • Profiles of the major global players

Report Scope

The report provides market projections of the plant-based meat market from 2023 to 2028, along with an analysis of the market shares of leading companies. The report examines the market based on source (wheat, soy, pea and other), product type (sausages and hot dogs, meatballs, ground and tenders, burger patties, strip and nuggets, and others) and category (refrigerated, frozen and shelf stable).

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $7.9 billion
Market size forecast $17.1 billion
Growth rate CAGR of 14.1% from 2023 to 2028
Units considered $ Millions
Segments covered By Source, Product Type, Category, and Region
Regions covered North America, Europe, Asia-Pacific, South America, and Middle East & Africa (MEA)
Countries covered U.S., Canada, Mexico, Italy, Germany, Spain, Japan, China, India, France, the U.K., Brazil and Argentina
Key Market Drivers
  • Growing Demand for Environmentally Friendly and Healthy Products
  • Growing Investment in Alternative Proteins
Companies studied
ART OF GREENSMAPLE LEAF FOODS INC.
BEYOND MEAT INC.BIOLAB S.R.L.
CONAGRA BRANDS INC.IMPOSSIBLE FOODS INC.
MONDE NISSINTOFURKY
TYSON FOODS INC.VBITES
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Frequently Asked Questions (FAQs)

The estimated market size of the plant-based meat market will be $17.1 billion by 2028, with a CAGR of 14.1%.
  • Growing demand for environmentally friendly and healthy products.
  • Growing investment in alternative proteins.
The market is segmented based on source, product type, category, and region. Segmentation based on source, the market is segmented into soy, pea, wheat, and others. Based on product type, the market is segmented into sausages & hotdogs, meatballs, ground & tenders, burger patties, strips & nuggets, and others. Based on category, the market is segmented into refrigerated, frozen, and shelf-stable. Regional estimates and forecasts comprise North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The soy segment will continue to dominate the market by the end of 2028.
Europe holds the largest market share due to the growing vegetarian population and rising awareness about the health benefits of the plant-based products.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Consulting Editor’s Credentials

Dr. Marianna Tcherpakov has more than 10 years of experience as a bench scientist specializing in the areas of biochemistry, cell biology, assay development, antibody and drug manufacturing. She has authored several scientific publications in peer review journals. In the last 10 years, Marianna worked as a business development professional in CRO/CDMO industry. She is familiar with pharmaceutical and biotech landscape, trends and potential future developments in industry.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Plant-based Meat: Global Markets74Free
Chapter- 1: Executive Summary3Free
Chapter- 2: Market Overview4Free
Chapter- 3: Market Dynamics5Free
Chapter- 4: Emerging Technologies and Developments3Free
Chapter- 5: Market Segmentation Analysis24Free
Chapter- 6: Competitive Intelligence4Free
Chapter- 7: Sustainability in Plant-based Meat Market: An ESG Perspective3Free
Chapter- 8: Appendix: Plant-based Meat Market28Free
Published - Nov-2020| Analyst - BCC Publishing| Code - FOD098A

Report Highlights

The global market for plant-based meat should grow from $6.0 billion in 2020 to $11.9 billion by 2025, at compound annual growth rate (CAGR) of 14.5% for the period of 2020-2025.

Report Includes

  • 50 tables
  • An overview of the global markets for plant-based meat
  • Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020 and projection of compound annual growth rates (CAGRs) through 2025
  • Highlights of quantitative and qualitative data of the plant-based meat industry based on source, product and region
  • Detailed description of the main products with the development phase and expected markets, and identification of product opportunities and strategic opportunities
  • Evaluation of current market trends, market size, market forecast, and technological advancements within the industry
  • Discussion on impact of coronavirus on the global economy and information on government expenditures on COVID-19
  • Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
  • Company profiles of major players of the industry, including Amy’s Kitchen Inc., The Kellogg Co., Maple Leaf Foods Inc., Tyson Foods Inc., and Unilever USA Inc.

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Plant-based Meat: Global Markets
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