SKU: DFB96 | Published On: Dec 18 2020 | No. of Pages: 180 | Available Formats
The growing demand for meat coupled with rising population and consumer preferences towards meat products is resulting in over slaughtering and depletion of animal sources. This is resulting in rising of sustainability as a key purchasing factor, particularly among the millennial and GenX population. Consumer concern for the environment and animal welfare are driving the demand for meat substitutes. Furthermore, stringent regulations laid by several state and federal governments towards raising and slaughtering of meat animals is boosting the growth of the plant-based meat market. On-demand side, the growing outbreak of food-borne diseases particularly due to animal meat and milk products is motivating consumers towards healthy plant-based alternatives, thus boosting the growth of plant-based meat products. The growth of the market is also attributable to the health benefits associated with plant-derived diets. The growing trend of veganism and vegetarianism is providing immense growth potential to the market in the future. According to The VeganSociety, the vegan population in the U.K. increased from 150,000 in 2014 to 600,000 in 2018. However, the GM issues associated with plants are the primary factor hindering the growth of the plant-based meat market.
The global plant-based meat market is segmented by product type into sausages, burgers, crumbles, nuggets, meatballs, and others. The burger is the largest segment of the market owing to the established consumer base for burgers across the globe. With a share of over 30%, soy evolved as the major plant source of meat owing to a wide range of applications for soy-based meat in the preparation of sausages, burgers, and meatballs. Wheat, oats, pea, and beans are also holding significant share on the market. The growing production of soy across the globe is also attributing to the growth of the soy-based meat market. According to the United States Department of Agriculture, the production of soybeans in the U.S. increased from 3.04 billion bushels in 2012 to 4.54 billion bushels in 2018. By distribution channels, indirect sales hold the major share in terms of value owing to the rising retail channel in developing countries. The indirect channel includes sales through supermarkets, hypermarkets, convenience stores, specialty food stores, and e-commerce.
By geography, the study is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa. The U.S. is the early adopter of plant-based meat products marked by the establishment of Beyond Meat and Impossible Foods in the country. North America evolved as the largest market for plant-based meat products owing to the growing demand from consumers.
Since the launch of the first plant-based burger by Beyond Meat in 2016, the market has been highly consolidated by U.S.-based startups Beyond Meat and Impossible Foods Inc. However, the high growth potential of the market has attracted several established and startup food companies into the market. The global plant-based meat market has turned highly competitive with a large number of global players focusing on expanding business operations in the high potential plant-based meat market. Companies are involved in product launches and new geographic penetrations to enhance their business operations. The market became further competitive by the footprints of Asian companies such as GoodDot (India) and Whole Perfect Foods Co., Ltd. (China) and retail companies entering the market. The companies in the market are leveraging on new product launches to increase their market share. For instance
However, with the burgeoning demand for plant-based meat, global players such as Nestle and Conagra Brands with high financial stability can gain a large foothold in the market, thereby consolidating the still-evolving market. The existing sales channels and distribution network of these companies across the globe help enhance their penetration into high potential economies and may result in a significant number of acquisitions soon.
Some of the key players in the market are Conagra Brands, Inc., Beyond Meat, Impossible Foods Inc., Tofurky, VBites Foods Limited, and MorningStar Farms.
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Before the Butcher
Table 1 Global Plant-Based Meat Market Value, By Type, 2018,2022 & 2027 ($ Million)
Table 2 Global Plant-Based Meat Market Value, By Distribution Channel, 2018,2022 & 2027 ($ Million)
Table 3 Global Plant-Based Meat Market Value, By Source, 2018,2022 & 2027 ($ Million)
Table 4 Global Plant-Based Meat Market Value, By End Users, 2018,2022 & 2027 ($ Million)
Table 5 Global Plant-Based Meat Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 6 Global Plant-Based Meat Market Value, By Type, 2018,2022 & 2027 ($ Million)
Table 7 Global Plant-Based Meat Market Value, By Type, 2017-2027 ($ Million)
Table 8 Global Plant-Based Meat Market Value, By Distribution Channel, 2018,2022 & 2027 ($ Million)
Table 9 Global Plant-Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 10 Global Plant-Based Meat Market Value, By Source, 2018,2022 & 2027 ($ Million)
Table 11 Global Plant-Based Meat Market Value, By Source, 2017-2027 ($ Million)
Table 12 Global Plant-Based Meat Market Value, By End Users, 2018,2022 & 2027 ($ Million)
Table 13 Global Plant-Based Meat Market Value, By End Users, 2017-2027 ($ Million)
Table 14 Global Plant-Based Meat Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 15 Global Plant-Based Meat Market Value, By Region, 2017-2027 ($ Million)
Table 16 North America Plant-Based Meat Market Value, By Type, 2017-2027 ($ Million)
Table 17 North America Plant-Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 18 North America Plant-Based Meat Market Value, By Source, 2017-2027 ($ Million)
Table 19 North America Plant-Based Meat Market Value, By End Users, 2017-2027 ($ Million)
Table 20 North America Plant-Based Meat Market Value, By Country, 2017-2027 ($ Million)
Table 21 South America Plant-Based Meat Market Value, By Type, 2017-2027 ($ Million)
Table 22 South America Plant-Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 23 South America Plant-Based Meat Market Value, By Source, 2017-2027 ($ Million)
Table 24 South America Plant-Based Meat Market Value, By End Users, 2017-2027 ($ Million)
Table 25 South America Plant-Based Meat Market Value, By Country, 2017-2027 ($ Million)
Table 26 Europe Plant-Based Meat Market Value, By Type, 2017-2027 ($ Million)
Table 27 Europe Plant-Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 28 Europe Plant-Based Meat Market Value, By Source, 2017-2027 ($ Million)
Table 29 Europe Plant-Based Meat Market Value, By End Users, 2017-2027 ($ Million)
Table 30 Europe Plant-Based Meat Market Value, By Country, 2017-2027 ($ Million)
Table 31 Asia-Pacific Plant-Based Meat Market Value, By Type, 2017-2027 ($ Million)
Table 32 Asia-Pacific Plant-Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 33 Asia-Pacific Plant-Based Meat Market Value, By Source, 2017-2027 ($ Million)
Table 34 Asia-Pacific Plant-Based Meat Market Value, By End Users, 2017-2027 ($ Million)
Table 35 Asia-Pacific Plant-Based Meat Market Value, By Country, 2017-2027 ($ Million)
Table 36 the Middle East & Africa Plant-Based Meat Market Value, By Type, 2017-2027 ($ Million)
Table 37 the Middle East & Africa Plant-Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 38 the Middle East & Africa Plant-Based Meat Market Value, By Source, 2017-2027 ($ Million)
Table 39 the Middle East & Africa Plant-Based Meat Market Value, By End Users, 2017-2027 ($ Million)
Table 40 Pinnacle Foods: Overview
Table 41 Pinnacle Foods: Product Portfolio
Table 42 Pinnacle Foods: Key Developments
Table 43 Amys Kitchen: Overview
Table 44 Amys Kitchen: Product Portfolio
Table 45 Amys Kitchen: Key Developments
Table 46 Atlantic Natural Foods: Overview
Table 47 Atlantic Natural Foods: Product Portfolio
Table 48 Atlantic Natural Foods: Key Developments
Table 49 Impossible Foods: Overview
Table 50 Impossible Foods: Product Portfolio
Table 51 Impossible Foods: Key Developments
Table 52 Hain Celestial Foods: Overview
Table 53 Hain Celestial Foods: Product Portfolio
Table 54 Hain Celestial Foods: Key Developments
Table 55 Beyond Meat: Overview
Table 56 Beyond Meat: Product Portfolio
Table 57 Beyond Meat: Key Developments
Table 58 Monde Nissin: Overview
Table 59 Monde Nissin: Product Portfolio
Table 60 Monde Nissin: Key Developments
Table 61 Vbites Food: Overview
Table 62 Vbites Food: Product Portfolio
Table 63 Vbites Food: Key Developments
Table 64 Nasoya Foods: Overview
Table 65 Nasoya Foods: Product Portfolio
Table 66 Nasoya Foods: Key Developments
Table 67 Nutrisoy: Overview
Table 68 Nutrisoy: Product Portfolio
Table 69 Nutrisoy: Key Developments
Figure 1 Global Plant-Based Meat Market Share, By Type, 2018 & 2027 (%)
Figure 2 Global Plant-Based Meat Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 3 Global Plant-Based Meat Market Share, By Source, 2018 & 2027 (%)
Figure 4 Global Plant-Based Meat Market Share, By End Users, 2018 & 2027 (%)
Figure 5 Global Plant-Based Meat Market Share, By Region, 2018 & 2027 (%)
Figure 6 Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 7 Global Plant-Based Meat Market Y-o-Y Growth, By Type, 2018-2027 (%)
Figure 8 Tofu: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 9 Tempeh: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 10 Seitan: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 11 RTC/RTE: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 12 Others: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 13 Global Plant-Based Meat Market Y-o-Y Growth, By Distribution Channel, 2018-2027 (%)
Figure 14 Convenience Stores: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 15 Super Markets: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 16 Grocery Stores: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 17 Online Sales Channel: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 18 Others: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 19 Global Plant-Based Meat Market Y-o-Y Growth, By Source, 2018-2027 (%)
Figure 20 Soy: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 21 Wheat: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 22 Mycoprotein: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 23 Others: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 24 Global Plant-Based Meat Market Y-o-Y Growth, By End Users, 2018-2027 (%)
Figure 25 Retail: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 26 Industrial: Global Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 27 Global Plant-Based Meat Market Y-o-Y Growth, By Region, 2018-2027 (%)
Figure 28 North America Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 29 North America Plant-Based Meat Market Share, By Type, 2018 & 2027 (%)
Figure 30 North America Plant-Based Meat Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 31 North America Plant-Based Meat Market Share, By Source, 2018 & 2027 (%)
Figure 32 North America Plant-Based Meat Market Share, By End Users, 2018 & 2027 (%)
Figure 33 North America Plant-Based Meat Market Share, By Country, 2018 & 2027 (%)
Figure 34 South America Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 35 South America Plant-Based Meat Market Share, By Type, 2018 & 2027 (%)
Figure 36 South America Plant-Based Meat Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 37 South America Plant-Based Meat Market Share, By Source, 2018 & 2027 (%)
Figure 38 South America Plant-Based Meat Market Share, By End Users, 2018 & 2027 (%)
Figure 39 South America Plant-Based Meat Market Share, By Country, 2018 & 2027 (%)
Figure 40 Europe Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 41 Europe Plant-Based Meat Market Share, By Type, 2018 & 2027 (%)
Figure 42 Europe Plant-Based Meat Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 43 Europe Plant-Based Meat Market Share, By Source, 2018 & 2027 (%)
Figure 44 Europe Plant-Based Meat Market Share, By End Users, 2018 & 2027 (%)
Figure 45 Europe Plant-Based Meat Market Share, By Country, 2018 & 2027 (%)
Figure 46 Asia-Pacific Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 47 Asia-Pacific Plant-Based Meat Market Share, By Type, 2018 & 2027 (%)
Figure 48 Asia-Pacific Plant-Based Meat Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 49 Asia-Pacific Plant-Based Meat Market Share, By Source, 2018 & 2027 (%)
Figure 50 Asia-Pacific Plant-Based Meat Market Share, By End Users, 2018 & 2027 (%)
Figure 51 Asia-Pacific Plant-Based Meat Market Share, By Country, 2018 & 2027 (%)
Figure 52 the Middle East & Africa Plant-Based Meat Market Value, 2017-2027 ($ Million)
Figure 53 the Middle East & Africa Plant-Based Meat Market Share, By Type, 2018 & 2027 (%)
Figure 54 The Middle East & Africa Plant-Based Meat Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 55 The Middle East & Africa Plant-Based Meat Market Share, By Source, 2018 & 2027 (%)
Figure 56 The Middle East & Africa Plant-Based Meat Market Share, By End Users, 2018 & 2027 (%)
Figure 57 Pinnacle Foods: Financials
Figure 58 Amys Kitchen: Financials
Figure 59 Atlantic Natural Foods: Financials
Figure 60 Impossible Foods: Financials
Figure 61 Hain Celestial Foods: Financials
Figure 62 Beyond Meat: Financials
Figure 63 Monde Nissin: Financials
Figure 64 Vbites Food: Financials
Figure 65 Nasoya Foods: Financials
Figure 66 Nutrisoy: Financials
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