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 |
|
||||||||||
| Companies studied |
|
Frequently Asked Questions (FAQs)
- Growing demand for environmentally friendly and healthy products.
- Growing investment in alternative proteins.
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.
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.
Related Reports
Global Algae and Seaweed Protein Market
The global market for algae and seaweed protein reached $904.7 million in 2022. The market is estimated to grow from $962.8 million in 2023 to reach $1.3 billion by 2028, at a compound annual growth rate (CAGR) of 6.8% from 2023 through 2028.
Vegan Food: Global Markets
The global market for vegan food was valued at $35.6 billion in 2021 and is estimated to grow from $40.1 billion in 2022 to $91.9 billion in 2027, with a compound annual growth rate (CAGR) of 18.1% for the period of 2022-2027.
Plant-Based Protein: Global Markets
The global market for plant-based proteins is estimated to increase from $11.8 billion in 2022 to $17.8 billion by 2027, at a compound annual growth rate (CAGR) of 8.5% from 2022 through 2027.
Recent Reports
Plant-based Meat: Global Markets
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.
Global e-cigarette Market
The report provides an overview of the global e-cigarette markets and analyzes market trends. Using 2022 as the base year, the report estimates market data for 2023 to 2028. The report covers the characteristics of the market, the leading e-cigarettes companies, various trends in end-user preferences and a range of geographic market opportunities.
Air Fryer Products and Technologies: Global Markets
The global market for air fryer products and technologies is expected to grow from $916.5 million in 2023 to $1.34 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.9% during the forecast period of 2023-2028.
Bubble Food & Beverages: Global Market
This study provides an overview of the current and future global market for bubble food & beverage. This report will provide information on the different types of companies, manufacturers, and other market participants involved in the bubble food & beverage market. It will describe current trends, product type, source type and channel type related to bubble food & beverage, along with a five-year forecast.
Seed Coating Materials: Global Markets
This report provides an updated review of the seed coating materials market, focusing on its coating type, crop type, material type. It includes forecasted trends in the seed coating materials markets through 2028. The report also includes key market participants, extensive market segments, supporting technologies, trends and market dynamics, competitive intelligence, and regional trends.
Top Trending Reports
Global Market for Cell and Gene Therapy
The global market for cell and gene therapy is expected to grow from $7.2 billion in 2023 and projected to reach $23.3 billion by the end of 2028, at a compound annual growth rate (CAGR) of 26.4% during the forecast period of 2023 to 2028.
Peptide Synthesis: Global Markets
The global market for peptide synthesis is expected to grow from $90.1 billion in 2023 and projected to reach $157.5 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.8% during the forecast period of 2023 to 2028.
Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets
The global market for medical magnetic resonance imaging (MRI) is expected to grow from $7.2 billion in 2023 and projected to reach $9.8 billion by the end of 2028, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2023 to 2028.
3D Cell Cultures: Technologies and Global Markets
The global market for 3D cell culture is estimated to increase from $4.6 billion in 2023 to reach $14.8 billion by 2028, at a compound annual growth rate (CAGR) of 26.5% from 2023 through 2028.
Oligonucleotides: Global Markets
The global market for oligonucleotides is expected to grow from $7.0 billion in 2023 and projected to reach $11.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.0% during the forecast period of 2023 to 2028.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More