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Plant Based Meat Market Global Analysis by Source (Soy, Mycoprotein, Wheat, Others), Product, Countries, Regions, Companies

  • ID: 4849353
  • Report
  • Region: Global
  • 175 Pages
  • Renub Research
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The Global Plant Based Meat Market is Expected to be More than US$ 7 Billion by the End of the Year 2025

FEATURED COMPANIES

  • Beyond Meat
  • Maple Leaf Foods
  • Quorn Foods
  • MORE

Plant based meat is disrupting the animal meat industry. Its food products are made to replicate the properties of natural meat and work like meat substitutes. It is more sustainable and environmentally friendly than conventional meat products. Food products like Textured Vegetable Protein (TVP), Tofu, Quorn, Tempeh, and Seitan are made to simulate the appearance, flavour and texture of animal meat products. According to this research analysis, the Global Plant Based Meat Market is expected to be more than US$ 7 Billion by the end of the year 2025.

Steps taken by various governments are also boosting plant-based meat markets such as in March 2018; the Canada government announced an investment of USD 150 Million for the country plant protein industry. Similarly, the German government is investing US$ 780,000 in research to make plant-based alternatives more meat-like in texture. An outbreak of African swine fever is ravaging China's hog farms while the Chinese government wants its citizens to reduce meat intake for health reasons will also boost plant based meat industry.

Companies like Beyond Meat, Maple Leaf Foods, Pinnacle Foods, Kellogg and Quorn are competing to stay ahead in the global plant based meat market. Greenleaf Foods announced in April 2019 plans to construct a US$ 310 Million plant-based protein food processing facility in Shelbyville, Indiana. At approximately 230,000 square feet, it will be the largest facility and investment of its kind in North America.

The growing awareness through global animal welfare organizations such as PETA has encouraged people to consider a meat-free diet. In the UK, the vegan population has quadrupled between 2014 and 2018. A large percentage of Millennials are choosing plant-based meat products for health and wellness concerns due to food safety issues. The dangerous impact of traditional meat on the environment is also changing food preference of population around the world is also a significant factor.

This report titled “Plant Based Meat Market Global Analysis by Source (Soy, Mycoprotein, Wheat, Others), Product (Textured Vegetable Protein (TVP), Tofu, Quorn, Tempeh, Seitan, Others), Countries (United States, United Kingdom, Germany, Italy, China), Regions (North America, Europe, Rest of the World), Companies (Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company), Quorn Foods)” provides a complete analysis of global plant based meat market.

Source Type

On the basis of source type, global plant based meat market is further segmented into Soy-Based, Mycoprotein Based, Wheat Based and Others.

Product Type - Textured Vegetable Protein (TVP) and Tofu holds significant Market Share

In this report, plant based meat market is categorized on the basis of product type; Textured Vegetable Protein (TVP), Tofu, Quorn, Tempeh, Seitan and Others. Textured Vegetable Protein (TVP) and Tofu hold significant market share.

North America will dominate in the global plant based meat market in Future

In this report, the researchers have done a comprehensive analysis of plant based meat market by regions. The covered regions are; North America, Europe, Asia Pacific and Rest of the World. The demand for plant based meat market in North America is quite huge and its sales are increasing at a rapid pace.

Companies Covered

  • Beyond Meat
  • Maple Leaf Foods
  • Gardein Protein International (Pinnacle Foods)
  • Morningstar Farms (Kellogg Company)
  • Quorn Foods

By Source Type

  • Soy-Based
  • Mycoprotein Based
  • Wheat Based
  • Others

By Product Type

  • Textured Vegetable Protein (TVP)
  • Tofu
  • Quorn
  • Tempeh
  • Seitan
  • Others

By Countries Covered

  • United States
  • United Kingdom
  • Germany
  • Italy
  • China

By Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beyond Meat
  • Maple Leaf Foods
  • Quorn Foods
  • MORE

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rise in the Number of Global Vegan Population
4.1.2 Growing Concerns for Health & Wellness
4.1.3 Increased Awareness of Environmental Sustainability
4.1.4 Investment in Plant-based Meat Industry
4.2 Challenges
4.2.1 Misperceptions about Plant-Based Meat
4.2.2 Increasing Soy-Free and Gluten-Free Trend
4.2.3 Fluctuating Raw Material Prices

5. Global Plant Based Meat Market

6. Market Share - Plant Based Meat Analysis
6.1 Source Type
6.2 Product Type
6.3 Regions

7. Source Type - Plant Based Meat Market
7.1 Soy-Based
7.2 Mycoprotein Based
7.3 Wheat Based
7.4 Others

8. Product Type - Plant Based Meat Market
8.1 Textured Vegetable Protein (TVP)
8.2 Tofu
8.3 Quorn
8.4 Tempeh
8.5 Seitan
8.6 Others

9. World Regions - Plant Based Meat Market
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Rest of the World

10. Countries - Plant Based Meat Market
10.1 United States
10.2 United Kingdom
10.3 Germany
10.4 Italy
10.5 China

11. Company Analysis
11.1 Beyond Meat
11.2 Maple Leaf Foods
11.3 Gardein Protein International (Pinnacle Foods)
11.4 Morningstar Farms (Kellogg Company)
11.5 Quorn Foods

List of Figures:
Figure-01: Global Plant Based Meat Market (Million US$), 2018 & 2025
Figure-02: Share of Consumers who Consider themselves Vegan or Vegetarian in the United States as of June 2018, by Age Group
Figure-03: Global Plant Based Meat Market (Million US$), 2015 - 2018
Figure-04: Forecast for Global Plant Based Meat Market (Million US$), 2019 - 2025
Figure-05: Global Plant Based Meat Market Share by Source Type (Percent), 2015 - 2018
Figure-06: Forecast for Global Plant Based Meat Market Share by Source Type (Percent), 2019 - 2025
Figure-07: Global Plant Based Meat Market Share by Product Type (Percent), 2015 - 2018
Figure-08: Forecast for Global Plant Based Meat Market Share by Product Type (Percent), 2019 - 2025
Figure-09: Global Plant Based Meat Market Share by Region (Percent), 2015 - 2018
Figure-10: Forecast for Global Plant Based Meat Market Share by Region (Percent), 2019 - 2025
Figure-11: Global - Soy-Based Meat Market (Million US$), 2015 - 2018
Figure-12: Global - Forecast for Soy-Based Meat Market (Million US$), 2019 - 2025
Figure-13: Global - Mycoprotein Based Meat Market (Million US$), 2015 - 2018
Figure-14: Global - Forecast for Mycoprotein Based Meat Market (Million US$), 2019 - 2025
Figure-15: Global - Wheat-Based Meat Market (Million US$), 2015 - 2018
Figure-16: Global - Forecast for Wheat-Based Meat Market (Million US$), 2019 - 2025
Figure-17: Global - Others Meat Market (Million US$), 2015 - 2018
Figure-18: Global - Forecast for Others Meat Market (Million US$), 2019 - 2025
Figure-19: Global - Textured Vegetable Protein Market (Million US$), 2015 - 2018
Figure-20: Global - Forecast for Textured Vegetable Protein Market (Million US$), 2019 - 2025
Figure-21: Global - Tofu Market (Million US$), 2015 - 2018
Figure-22: Global - Forecast for Tofu Market (Million US$), 2019 - 2025
Figure-23: Global - Quorn Market (Million US$), 2015 - 2018
Figure-24: Global - Forecast for Quorn Market (Million US$), 2019 - 2025
Figure-25: Global - Tempeh Market (Million US$), 2015 - 2018
Figure-26: Global - Forecast for Tempeh Market (Million US$), 2019 - 2025
Figure-27: Global - Seitan Market (Million US$), 2015 - 2018
Figure-28: Global - Forecast for Seitan Market (Million US$), 2019 - 2025
Figure-29: Global - Others Market (Million US$), 2015 - 2018
Figure-30: Global - Forecast for Others Market (Million US$), 2019 - 2025
Figure-31: North America - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-32: North America - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-33: Europe - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-34: Europe - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-35: Asia Pacific - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-36: Asia Pacific - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-37: Rest of the World - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-38: Rest of the World - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-39: United States - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-40: United States - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-41: United Kingdom - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-42: United Kingdom - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-43: Germany - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-44: Germany - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-45: Italy - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-46: Italy - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-47: China - Plant Based Meat Market (Million US$), 2015 - 2018
Figure-48: China - Forecast for Plant Based Meat Market (Million US$), 2019 - 2025
Figure-49: Global - Beyond Meat Revenue (Million US$), 2015 - 2018
Figure-50: Global - Forecast for Beyond Meat Revenue (Million US$), 2019 - 2025
Figure-51: Global - Maple Leaf Foods Revenue (Million US$), 2015 - 2018
Figure-52: Global - Forecast for Maple Leaf Foods Revenue (Million US$), 2019 - 2025
Figure-53: Global - Pinnacle Foods Revenue (Million US$), 2015 - 2018
Figure-54: Global - Forecast for Pinnacle Foods Revenue (Million US$), 2019 - 2025
Figure-55: Global - Kellogg Company Revenue (Million US$), 2015 - 2018
Figure-56: Global - Forecast for Kellogg Company Revenue (Million US$), 2019 - 2025
Figure-57: Global - Quorn Foods Revenue (Million US$), 2015 - 2018
Figure-58: Global - Forecast for Quorn Foods Revenue (Million US$), 2019 - 2025

List of Tables:
Table-01: Nutritional Value of Textured Vegetable Protein (TVP) per 100 g (3.5 oz)
Table-02: Nutritional Value of Tofu per 100 g (3.5 oz)
Table-03: Nutritional Value of Quorn per 100 g (3.5 oz)
Table-04: Nutritional Value of Tempeh per 100 g (3.5 oz)
Table-05: Nutritional Value of Seitan per 100 g (3.5 oz)

Note: Product cover images may vary from those shown
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  • Beyond Meat
  • Gardein Protein International (Pinnacle Foods)
  • Maple Leaf Foods
  • Morningstar Farms (Kellogg Company)
  • Quorn Foods
Note: Product cover images may vary from those shown
5 of 4

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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