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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

  • ID: 4773478
  • Report
  • Region: Global
  • 143 Pages
  • Markets and Markets
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The Global Plant-Based Meat Market is Estimated to be Valued at USD 12.1 Billion in 2019 and is Likely to Reach USD 27.9 Billion by 2025, Growing at a CAGR of 15.0%

FEATURED COMPANIES

  • Amy’s Kitchen
  • Beyond Meat
  • Gold&Green Foods Ltd
  • Impossible Food Inc
  • Maple Leaf Foods
  • Morningstar Farms
  • MORE

The market is driven by the growing adaption of flexitarian diets, especially in the North American region. For instance, according to an article published by the Food Revolution Organization in 2018, the number of vegans in the US has increased by 600% in the last three years. In Europe, the growing vegan trends, especially in the UK, is expected to increase the demand for plant-based meat products. In the UK, the vegan population in the UK quadrupled between 2014 and 2018.

In the Asia Pacific region, high growth is expected from countries such as China, Singapore, and Australia & New Zealand, owing to the rise in demand for organic food products in the region. Furthermore, the region consists of the largest vegetarian population at a global level, which is expected to create a lucrative opportunity for plant-based meat manufacturers in the coming years. Apart from this, the expansion of the key players such as Impossible Foods (US) in Singapore and Beyond Meat (US) in China is further expected to boost sales of plant-based meat in the region. The demand for plant-based meat products is expected to increase in the coming years, owing to the growing health concerns among consumers, related to animal-based protein sources, ethical concerns, and environmental concerns.

The soy segment in plant-based meat market is estimated to account for the largest share in 2019.

Based on the source, the soy segment is estimated to account for the largest share in the plant-based meal market in 2019. Plant-based meat producers are using soy as one of the key ingredients in products such as burger patties, strips & nuggets, sausages, and meatballs. It acts as a suitable alternative to meat sources such as pork, beef, chicken, and fish, owing to its high protein content. Impossible Foods (US), a leading player in the plant-based meat market, offers soy-based burgers. In March 2019, the company launched its plant-based meat (soy-based), with a variety of dishes available at 8 restaurants throughout Singapore. The motive behind the launch was to expand its global reach.

The burger patties segment in the plant-based meat market is estimated to account for the largest share in 2019.

Based on the product, the burger patties segment is estimated to account for the largest share in the plant-based meat market in 2019. Burger patties are one of the most popular products in the plant-based meat market, owing to the robust distribution network of key players offering it. These players have partnerships with retail channels and restaurants at a global level for the distribution of burger patties. Impossible Foods (US) has a widespread presence in the US market, with its products being distributed in over 4000 locations in the country. Apart from this, Beyond Meat (US), in April 2018, formed a partnership with PHW Group (Germany) for the distribution of its plant-based burgers in Europe.

The chicken segment in the plant-based meat market is estimated to account for the largest share in 2019.

Chicken is the most common source of protein among consumers, especially in the Asia Pacific region. However, the growing health concerns related to animal proteins has urged consumers to opt for alternate sources, which has boosted sales of plant-based sources. Apart from this, the environmental concerns related to raising animals and animal suffering have urged consumers to opt for non-animal protein sources, increasing the demand for plant-based products.

The North American plant-based meat market is projected to witness significant growth.

The North American region is projected to be the fastest-growing market during the forecast period. The region is backed by major players such as Impossible Foods (US) and Beyond Meat (US), which initiated the plant-based meat products trends. Apart from this, the consumers in the region are adopting flexitarian diets, which is further boosting the demand for plant-based meat products in the region.

Break-up of Primaries:

  • By Company Type: Tier 1 - 45 %, Tier 2 - 33%, and Tier 3 - 22%
  • By Designation: C-level - 70%, Director-level - 20%, and Others* - 10%
  • By Region: North America - 40%, Europe - 30%, Asia Pacific - 20%, and RoW**- 10%,

*Others include sales managers, marketing managers, and product managers.
**RoW includes South America and the Middle East & Africa.

Leading players profiled in this report:

This report includes a study of marketing and development strategies along with the product portfolios of the leading companies in the plant-based meat market. It includes the profiles of leading companies such as 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).

Research Coverage:

The report segments the plant-based meat market on the basis of source, product, type, and region. In terms of insights, this report has focused on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss views on the emerging & high-growth segments of the global plant-based high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

  • To get a comprehensive overview of the plant-based market.
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them.
  • To gain insights about the major countries/regions, in which the plant-based market is gaining popularity.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amy’s Kitchen
  • Beyond Meat
  • Gold&Green Foods Ltd
  • Impossible Food Inc
  • Maple Leaf Foods
  • Morningstar Farms
  • MORE

1 Introduction
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
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

4 Premium Insights
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
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
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
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
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
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
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
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
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
Business Overview, Products Offered, Recent Developments, SWOT Analysis and Author's 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
14.1 Discussion Guide
14.2 Knowledge Store: 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

Note: Product cover images may vary from those shown
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  • Amy’s Kitchen
  • Beyond Meat
  • Gardein Protein International (Pinnacle Foods)
  • Gold&Green Foods Ltd
  • Impossible Food Inc
  • Maple Leaf Foods
  • Morningstar Farms
  • Quorn Foods
  • Sunfed
  • The Vegetarian Butcher
  • Tofurky
  • VBites Foods Limited
Note: Product cover images may vary from those shown
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