The Global Plant-Based Meat Market Report is a compilation of comprehensive research studies of various aspects of the Plant-Based Meat Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Plant-Based Meat market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Plant-Based Meat market and how they will evolve in the years to come.
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In terms of revenue, plant-based meat market was valued at US$ 4892.34 Mn in 2022 growing at a CAGR of 17.89% over the forecast period (2022 – 2030).. Alpha Foods, Amy’s Kitchen, Inc., Before The Butcher, Beyond Meat, Conagra, Inc., Gold&Green Foods Ltd., Hooray Foods, Impossible Foods Inc., Kellogg NA Co., Like Meat, Maple Leaf Foods, Marlow Foods Ltd., Nestlé , No Evil Foods, Planterra Foods , Sunfed, The Meatless Farm Co., Tofurky , Unilever, Vbites Foods Limited, amongst others.
Plant-based meat products are becoming increasingly common, predominantly driven by a rise in demand for a healthy lifestyle that causes minimal harm to the environment. Studies show that the meat and dairy industry is responsible for about 14.5% of the total greenhouse gas emissions around the globe. Individuals are increasingly moving towards a plant-based diet, and traditional meat eaters are migrating towards plant-based meat products for satiating their taste for animal meat. Rising awareness regarding the environmental impact of meat processing, coupled with the availability of healthier plant-based meat alternatives for the end-users, is leading to the growth of the global plant-based meat market.
The COVID-19 pandemic has altered the livelihood and lifestyle of numerous individuals on the globe. Social distancing norms, along with curfew measures to prevent crowding, has been enforced by several countries such as the U.S., the UK, India and Germany, amongst others. The growth of the pandemic has increased the emphasis on healthy living, and a balanced diet, and individuals are increasingly investing in diet alteration initiatives. The COVID-19 pandemic can be traced to the consumption of bats in China. Along with COVID-19, animal meat consumption has also been responsible for the spread of diseases such as Anthrax in cows, goats, and sheep, Bird Flu in poultry animals, Swine Flu in Pork, amongst others. This is driving people towards the adoption of a meat free diet, and traditional meat eaters are increasingly switching to plant-based meat, especially in countries such as the U.S., India, the UK and Canada, amongst others.
Furthermore, the pandemic has accelerated the adoption of plant-based meat products in more vegetarian diet inclined country like India. Studies show that around 30% of Indians identify themselves as vegetarians, which is promoted by the influence of religions like Buddhism, Jainism and Hinduism. Vegetarians, especially young adults and teenagers, are adopting a vegan-based lifestyle as well. Bodies such as Eat Right India, which is led by the Ministry of Health and Family Welfare, is helping individuals adopt a plant-based food diet in order to obtain a sustainable, healthy lifestyle. Therefore, the market participants can target markets like India, Thailand, Sri Lanka and Bhutan, amongst others, especially in the wake of the pandemic. Hence, the pandemic is estimated to propel the adoption of plant-based meat products, thereby having a positive impact on the global plant-based meat market in the coming years.
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Plant-based Meat Market
By Source
- Soy and Tofu
- Peas
- Beans and Lentils
- Mushrooms
- Mung Beans
- Wheat Gluten
- Coconut Oil
- Quinoa
- Others
By Products
- Patties
- Nuggets
- Sausages
- Meatballs
- Others
By Meat Type
- Plant-based Pork
- Plant-based Beef
- Plant-based Seafood
- Plant-based Chicken
- Others
By Type
- Fresh
- Semi-Processed
- Canned
- Frozen
- Ready to Eat
By Sales Channel
- Online
- Offline
By End-User
- Individuals
- Businesses (Cafes, Restaurants, etc.)
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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