Plant-based Meat Market, By Product (Burger Patties, Meatballs, Natto, Sausages, Strips & Nuggets, a

Published Date: | Report Code : FA1948678

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Rising awareness about the health benefits of plant-based meat over animal meat is expected to drive the growth of plant-based meat market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Food produced using non-meats or without using any other animal product, for instance, dairy items, which are used as a meat substitute or meat alternative, however, include the same amount of protein. Such foods are known as plant-based meat items or products. Plant-based meat items are made to mirror properties found in regular meats and are viewed as meat substitutes.

Plant-based meat products are processed through two basic strategies, either by thermoplastic extrusion or fiber spinning. Thermoplastic extrusion is the most ordinarily used methodology to produce plant-based meat products. It is considered to be a cost-effective method of accommodating large-scale productions. On the other hand, fiber spinning increases the cost of production, which eliminates the advantage of creating economical plant-based meat products.

The global plant-based meat market is growing with rising health awareness among consumers about meat adulteration. Therefore, consumers are now increasingly consuming vegetables or organic products.

Key Factors Impacting Market Growth:

  • Growing vegan population globally
  • Rising awareness about the health benefits of plant-based meat over animal meat
  • An alternative approach to animal meat products in the future
  • Taste difference of plant-based meat
  • Genetically modified soybeans
  • Allergies to plant-based meat sources, such as soy and wheat

Regional Analysis:

This report segments the plant-based meat market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for plant-based meat market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for plant-based meat market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to be one of the fastest-growing markets for plant-based meat during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of plant-based meat market. The Middle East and the rest of the World are estimated to be emerging regions for plant-based meat market during the forecast period.

Companies Covered: 

Impossible Foods Inc., Maple Leaf Foods, the Vegetarian Butcher, Tofurky, Gold&Green Foods, Sunfed, VBites, Beyond Meat, Parabel USA Inc, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Garden Protein International, Inc., Amy’s Kitchen Inc., Morningstar Farms LLC and Quorn Foods, Inc. 

Market Segmentation:

By Product:

  • Burger Patties
  • Meatballs
  • Natto
  • Sausages
  • Strips & Nuggets
  • Others

By Type:

  • Beef
  • Chicken
  • Fish
  • Mushrooms
  • Pork
  • Quorn
  • Seitan
  • Tempeh
  • Tofu
  • Others

By Source:

  • Gluten
  • Mycoprotein
  • Pea
  • Soy
  • Quinoa
  • Beans
  • Nuts
  • Wheat
  • Others

By Process:

  • Blending
  • Forming/Shaping
  • Freezing Systems
  • Grinding
  • Mixing
  • Storage

By Distribution Channel:

  • Business-to-Business
  • Business-to-Consumer
  • Direct
  • Indirect
  • Others

By End User:

  • Food Industry
  • Hotel/Restaurant/Cafe (HoReCa)
  • Households

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product
    • By Type
    • By Source
    • By Process
    • By Distribution Channel
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product
    • By Type
    • By Source
    • By Process
    • By Distribution Channel
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product
    • By Type
    • By Source
    • By Process
    • By Distribution Channel
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product
    • By Type
    • By Source
    • By Process
    • By Distribution Channel
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product
    • By Type
    • By Source
    • By Process
    • By Distribution Channel
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Product
    • By Type
    • By Source
    • By Process
    • By Distribution Channel
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global plant-based meat market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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