+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

United States Plant Based Meat Market, Growth & Forecast, Industry Trends, Opportunity By Types, and Company Analysis

  • ID: 5393515
  • Report
  • July 2021
  • Region: United States
  • 175 Pages
  • Renub Research

FEATURED COMPANIES

  • Beyond Meat
  • Maple Leaf Foods
  • Tyson Foods Inc.
Plant-based meat is an imperative component of the United States diet, in which people adopt a plant-based eating lifestyle devoid of animal-based foods. Plant-based meat gives an alternative combining ingredients in novel ways. It delivers the entire culinary experience of meat without the need for killing any single animal. Across the United States, apprehension regarding unhealthy diet is surging and the increasing awareness about animal rights is driving the plant-based meat industry.





Increasing plant-based consumption is a trend among all young and diverse consumer groups in the U.S. These age groups are more likely to express intent to eat more plant-based foods. Plant-based meat controls blood cholesterol, heart diseases, and diabetes. According to CDC (Centers for Disease Control and Prevention), in the year 2020, 34.1 Million adults (20-79) had diabetes in the US. United States Plant-Based Meat Market is estimated to reach US$ 2.63 Billion by 2027.

Products of USA Plant-Based Meat Industry


By Product segment, the market bifurcated in sausages, burgers, Patties, Nuggets, Tenders & Cutlets, Grounds, and others. Over the past decade, the plant based meat Burger has performed relatively well. This trend has benefited burger foodservice and retail industries because the ingredients strive to imitate the flavor, aroma, and texture of meat. By product type, Tofu has been considered one of the best plant-based meat dishes. Since Tofu is made from soybeans and high in calcium and protein, consumers can experience the taste of meat.

Frozen Food Drives the Plant based Meat Market


The storage technique segment in the U.S. plant-based meat market is divided into refrigerated, frozen and shelf-stable. The frozen products market share has gained remarkable popularity owing to their longer shelf life. These products usually can last for five to eight months in the freezer. The growing demand for flavorsome heat-and-eat products encourages the vendors to launch frozen meat substitutes in the U.S. market. Moreover, various factors contributing to the growth of refrigerated plant based food are meat shortage and concerns regarding the coronavirus outbreak in the meat processing facilities. United States Plant-Based Meat Industry will grow with a CAGR of 13.86% during 2020-2027.

Key Trends of Plant Based Meat in United States Cities


In Western America, there is increasing acceptance of vegetarian eating habits in fitness aware clients. Growing concerns about Greenhouse Gas (GHG), provided by the meat business and animal well-being procedures, are expected to boost the demand for plant-based meat foodstuffs. Los Angeles, Houston, and Phoenix meet demand with the highest numbers of specialty restaurants and takeaways in the country. The plant-based meat is used mainly in the Hotel, Restaurant, Café (HORECA) subdivision. Dallas is an affordable place to buy groceries for a plant-based meal - soy, pea, wheat, others. The United States Plant-Based Meat Market Size was valued at US$ 1.06 Billion in 2020.

The market studied is moderately consolidated, owing to a few prominent market players. Such as Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company), Tyson Foods Inc. For instance, in 2021, Tyson launches plant-based sausages and burgers.

This latestreport United States Plant-Based Meat Market by Products (Burgers, Sausages,Patties, Nuggets Tenders & Cutlets, Grounds, Others) Products Types (Textured Vegetable Protein,Tofu & Tofu Ingredients, Mycoprotein, Seitan, Other Soy Products,Tempeh,Others) by Source (Soy,Wheat, Pea and others) by Storage Technique (Frozen, Refrigerated, Self-Stable) by Region (West,North Central, North East,South) Company Analysis (Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company), Tyson Foods Inc.) studies the United States Plant-Based Meat Market. The report also comprises qualitative factors such as drivers, restraints, and opportunities.

Products - United States Plant Based Meat Market have been covered from 6 viewpoints


1. Burgers
2. Sausages
3. Patties
4. Nuggets Tenders & Cutlets
5. Grounds
6. Others

Products Types - United States Plant Based Meat Market have been covered from 7 viewpoints


1. Textured Vegetable Protein
2. Tofu & Tofu Ingredients
3. Mycoprotein
4. Seitan
5. Other Soy Products
6. Tempeh
7. Others

Source - United States Plant Based Meat Market have been covered from 4 viewpoints


1. Soy
2. Wheat
3. Pea
4. Others

Storage Technique - United States Plant Based Meat Market have been covered from 3 viewpoints


1. Frozen
2. Refrigerated
3. Self-Stable

Region - United States Plant Based Meat Market has been covered from 4 viewpoints


1. West
2. North Central
3. North East
4. South

Company Insights:

  • Overview
  • Company Initiatives
  • Sales Analysis

Company Analysis:


1. Beyond Meat
2. Maple Leaf Foods
3. Gardein Protein International (Pinnacle Foods)
4. Morningstar Farms (Kellogg Company)
5. Tyson Foods Inc.
Frequently Asked Questions about the U.S. Plant Based Meat Market

What is the estimated value of the U.S. Plant Based Meat Market?

The U.S. Plant Based Meat Market was estimated to be valued at $1.1 Billion in 2020.

What is the growth rate of the U.S. Plant Based Meat Market?

The growth rate of the U.S. Plant Based Meat Market is 13.8%, with an estimated value of $2.6 Billion by 2027.

What is the forecasted size of the U.S. Plant Based Meat Market?

The U.S. Plant Based Meat Market is estimated to be worth $2.6 Billion by 2027.

Who are the key companies in the U.S. Plant Based Meat Market?

Key companies in the U.S. Plant Based Meat Market include Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods) and Tyson Foods Inc..

FEATURED COMPANIES

  • Beyond Meat
  • Maple Leaf Foods
  • Tyson Foods Inc.

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Survey - United States Plant Based Meat Market
5.1 Household Age
5.2 Household Education
5.3 Household Ethnicity
5.4 Household Income
5.5 Household Kids
5.6 Factors to Choose Plant Based Meat Products
6. United States Plant Based Meat Market
7. Market Share - United States Plant Based Meat Market
7.1 By Products
7.2 By Products Types
7.3 By Source
7.4 By Storage Technique
7.5 By Distribution (2019)
7.6 By Region
8. Products - United States Plant Based Meat Market
8.1 Burgers
8.2 Sausages
8.3 Patties
8.4 Nuggets Tenders & Cutlets
8.5 Grounds
8.6 Others
9. Products Types - United States Plant Based Meat Market
9.1 Textured Vegetable Protein
9.2 Tofu & Tofu Ingredients
9.3 Mycoprotein
9.4 Seitan
9.5 Other Soy Products
9.6 Tempeh
9.7 Others
10. Source - United States Plant Based Meat Market
10.1 Soy
10.2 Wheat
10.3 Pea
10.4 Others
11. Storage Technique - United States Plant Based Meat Market
11.1 Frozen
11.2 Refrigerated
11.3 Self-Stable
12. Region - United States Plant Based Meat Market
12.1 West
12.2 North Central
12.3 North East
12.4 South
13. Investment
14. Company Analysis
14.1 Beyond Meat
14.1.1 Overview
14.1.2 Recent Development
14.1.3 Financial Insight
14.2 Maple Leaf Foods
14.2.1 Overview
14.2.2 Recent Development
14.2.3 Financial Insight
14.3 Gardein Protein International (Pinnacle Foods)
14.3.1 Overview
14.3.2 Recent Development
14.3.3 Financial Insight
14.4 Morningstar Farms (Kellogg Company)
14.4.1 Overview
14.4.2 Recent Development
14.4.3 Financial Insight
14.5 Tyson Foods Inc
14.5.1 Overview
14.5.2 Recent Development
14.5.3 Financial Insight
List of Figures:
Figure-01: United States Plant Based Meat Market (Million US$), 2017 - 2020
Figure-02: Forecast for - United States Plant Based Meat Market (Million US$), 2021 - 2027
Figure-03: Products - Burgers Market (Million US$), 2017 - 2020
Figure-04: Products - Forecast for Burgers Market (Million US$), 2021 - 2027
Figure-05: Products - Sausages Market (Million US$), 2017 - 2020
Figure-06: Products - Forecast for Sausages Market (Million US$), 2021 - 2027
Figure-07: Products - Patties Market (Million US$), 2017 - 2020
Figure-08: Products - Forecast for Patties Market (Million US$), 2021 - 2027
Figure-09: Products - Nuggets Tenders & Cutlets Market (Million US$), 2017 - 2020
Figure-10: Products - Forecast for Nuggets Tenders & Cutlets Market (Million US$), 2021 - 2027
Figure-11: Products - Grounds Market (Million US$), 2017 - 2020
Figure-12: Products - Forecast for Grounds Market (Million US$), 2021 - 2027
Figure-13: Products - Others Market (Million US$), 2017 - 2020
Figure-14: Products - Forecast for Others Market (Million US$), 2021 - 2027
Figure-15: Products Types - Textured Vegetable Protein Market (Million US$), 2017 - 2020
Figure-16: Products Types - Forecast for Textured Vegetable Protein Market (Million US$), 2021 - 2020
Figure-17: Products Types - Tofu & Tofu Ingredients Market (Million US$), 2017 - 2020
Figure-18: Products Types - Forecast for Tofu & Tofu Ingredients Market (Million US$), 2021 - 2027
Figure-19: Products Types - Mycoprotein Market (Million US$), 2017 - 2020
Figure-20: Products Types - Forecast for Mycoprotein Market (Million US$), 2021 - 2027
Figure-21: Products Types - Seitan Market (Million US$), 2017 - 2020
Figure-22: Products Types - Forecast for Seitan Market (Million US$), 2021 - 2027
Figure-23: Products Types - Other Soy Products Market (Million US$), 2017 - 2020
Figure-24: Products Types - Forecast for Other Soy Products Market (Million US$), 2021 - 2027
Figure-25: Products Types - Tempeh Market (Million US$), 2017 - 2020
Figure-26: Products Types - Forecast for Tempeh Market (Million US$), 2021 - 2027
Figure-27: Products Types - Others Market (Million US$), 2017 - 2020
Figure-28: Products Types - Forecast for Others Market (Million US$), 2021 - 2027
Figure-29: Source - Soy Plant Based Meat Market (Million US$), 2017 - 2020
Figure-30: Source - Forecast for Soy Plant Based Meat Market (Million US$), 2021 - 2027
Figure-31: Source - Wheat Plant Based Meat Market (Million US$), 2017 - 2020
Figure-32: Source - Forecast for Wheat Plant Based Meat Market (Million US$), 2021 - 2027
Figure-33: Source - Pea Plant Based Meat Market (Million US$), 2017 - 2020
Figure-34: Source - Forecast for Pea Plant Based Meat Market (Million US$), 2021 - 2027
Figure-35: Source - Other Plant Based Meat Market (Million US$), 2017 - 2020
Figure-36: Source - Forecast for Other Plant Based Meat Market (Million US$), 2021 - 2027
Figure-37: Storage Technique - Frozen Plant Based Meat Market (Million US$), 2017 - 2020
Figure-38: Storage Technique - Forecast for Frozen Plant Based Meat Market (Million US$), 2021 - 2027
Figure-39: Storage Technique - Refrigerated Plant Based Meat Market (Million US$), 2017 - 2020
Figure-40: Storage Technique - Forecast for Refrigerated Plant Based Meat Market (Million US$), 2021 - 2027
Figure-41: Storage Technique - Self Stable Plant Based Meat Market (Million US$), 2017 - 2020
Figure-42: Storage Technique - Forecast for Self Stable Plant Based Meat Market (Million US$), 2021 - 2027
Figure-43: West - Plant Based Meat Market (Million US$), 2017 - 2020
Figure-44: West - Forecast for Plant Based Meat Market (Million US$), 2021 - 2027
Figure-45: North Central - Plant Based Meat Market (Million US$), 2017 - 2020
Figure-46: North Central - Forecast for Plant Based Meat Market (Million US$), 2021 - 2027
Figure-47: North East - Plant Based Meat Market (Million US$), 2017 - 2020
Figure-48: North East - Forecast for Plant Based Meat Market (Million US$), 2021 - 2027
Figure-49: South - Plant Based Meat Market (Million US$), 2017 - 2020
Figure-50: South - Forecast for Plant Based Meat Market (Million US$), 2021 - 2027
Figure-51: Beyond Meat - Global Revenue (Million US$), 2017 - 2020
Figure-52: Beyond Meat - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-53: Maple Leaf Foods - Global Revenue (Billion US$), 2017 - 2020
Figure-54: Maple Leaf Foods - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-55: Gardein Protein International (Pinnacle Foods) - Global Revenue (Billion US$), 2017 - 2020
Figure-56: Gardein Protein International (Pinnacle Foods) - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-57: Morningstar Farms (Kellogg Company) - Global Revenue (Billion US$), 2017 - 2020
Figure-58: Morningstar Farms (Kellogg Company) - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-59: Tyson Foods Inc. - Global Revenue (Billion US$), 2017 - 2020
Figure-60: Tyson Foods Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2027
List of Tables:
Table-01: United States - Household Age Index
Table-02: United States - Household Education Index
Table-03: United States - Household Ethnicity Index
Table-04: United States - Household Income Index
Table-05: United States - Household Kids Index
Table-06: United States - Factors to Choose Plant Based Meat Products, (Percent)
Table-07: United States - Plant Based Meat Market Share by Product (Percent), 2017 - 2020
Table-08: United States - Forecast for Plant Based Meat Market Share by Product (Percent), 2021 - 2027
Table-09: United States - Plant Based Meat Market Share by Products Types (Percent), 2017 - 2020
Table-10: United States - Forecast for Plant Based Meat Market Share by Products Types (Percent), 2021 - 2027
Table-11: United States - Plant Based Meat Market Share by Source (Percent), 2017 - 2020
Table-12: United States - Forecast for Plant Based Meat Market Share by Source (Percent), 2021 - 2027
Table-13: United States - Plant Based Meat Market Share by Storage Technique (Percent), 2017 - 2020
Table-14: United States - Forecast for Plant Based Meat Market Share by Storage Technique (Percent), 2021 - 2027
Table-15: United States - Plant Based Meat Market Share by Distribution (Percent)
Table-16: United States - Plant Based Meat Market Share by Region (Percent), 2017 - 2020
Table-17: United States - Forecast for Plant Based Meat Market Share by Region (Percent), 2021 - 2027
Table-18: Investment Companies & Invested Capital (Million US$)
  • Beyond Meat
  • Maple Leaf Foods
  • Gardein Protein International (Pinnacle Foods)
  • Morningstar Farms (Kellogg Company)
  • Tyson Foods Inc.

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
 

Loading
LOADING...