Plant Based Meat Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DFB96 | Last Updated On: Sep 17 2020 | No. of Pages: 199 | Available Formats

> Global Plant Based Meat Market Expected to reach a high CAGR of 14.8% By 2027: DataM Intelligence

Global Plant-based Meat Market is segmented by Source (Soy, Wheat, Pea, Quinoa, Oats, Beans, Nuts), by Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs), by Type (Pork, Beef, Chicken, Fish), Process, and Region, and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

  • Global Plant-Based Meat is expected to grow at a CAGR of 14.8% during the forecast period (2020-2027)   
  • Plant-based meat is a meat substitute derived from plant and other non-animal products to mimic natural meat in flavor, texture and all other properties. These products are majorly designed to use as an effective alternative to chicken meat, pork, and beef. Plant-based meat products are considered as a sustainable solution to growing concerns of over slaughtering. The retail stores across the western countries are focusing towards the sale of these products to cater to the demand from growing vegan and vegetarian population.

Market Dynamics

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 rise of sustainability as a key purchasing factor particularly among millennial and GenX population. Consumer concern towards 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 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 future. According to The VeganSociety, vegan population in U.K. increased from 150,000 in 2014 to 600,000 in 2018. However, the GM issues associated with plants is the primary factor hindering the growth of plant-based meat market.

Global Plant Based Meat Value (USD Mn), 2018-2026

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 application for soy-based meat in 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 soy-based meat market. According to the United States Department of Agriculture, production of soybeans in the U.S. increased from 3.04 billion bushels in 2012 to 4.54 billion bushels in 2018. By distribution channel, indirect sales hold the major share in terms of value owing to the rising retail channel in developing countries. Indirect channel includes sales through supermarkets, hypermarkets, convenience stores, specialty food stores, and e-commerce.

Global Market Share of Plant Based Meat Market (%), By Product Type

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.

Geographical Analysis

Global Plant Based Meat Market Value Share (%), By Geography, 2018

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

  • In June 2019, U.S. based chain of supermarkets Sainsbury's opened Meat-Free Butchers, a specialty store during the world meat-free week to sell 100% plant-based meat products to customers.
  • In December 2017, India based GoodDot had launched vegetarian meat derived from Soy in India.

However, with the burgeoning demand for plant-based meat, global players such as Nestle and Conagra Brands with high financial stability can gain large foot-hold 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 in the near future.

Some of the key players in the market are Conagra Brands, Inc., Beyond Meat, Impossible Foods Inc., Tofurky, VBites Foods Limited, and MorningStar Farms.

Why Purchase the Report?

  • Visualize the composition of the global plant-based meat market across each indication, in terms of product type and distribution channel, highlighting the key commercial assets and major players.
  • Identify commercial opportunities in global plant-based meat market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the global plant-based meat market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key products of all major market players

Target Audience

 

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Table of Contents

  1. Global Plant-Based Meat Market Scope and Methodology

    1. Research Methodology
    2. Scope of the Market

  2. Global Plant-Based Meat Market Key Trends and Developments

  3. Global Plant-Based Meat Market Executive Summary

    1. Market Snippet By Product Type
    2. Market Snippet By Meat Type
    3. Market Snippet By Source
    4. Market Snippet By Distribution Channel
    5. Market Snippet By Geography
    6. DataM CLO Scenario
  4. Global Plant-Based Meat Market Dynamics

    1. Market impacting factors
    2. Drivers
      1. Rising Vegan population
      2. Concerns on over slaughtering and depletion of animal sources
      3. Expanding Retail channels in developing countries
    3. Restraints
      1. Misconceptions over production of plant-based meat
    4. Opportunities
    5. Impact analysis
  5. Global Plant-Based Meat Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Pricing analysis
    4. Patent Analysis
  6. Global Plant-Based Meat Market By Product Type

    1. Market size analysis, and y-o-y growth analysis (%), By Product Type segment
    2. Market attractiveness index, By Product Type segment
      1. Sausages
      2. Burgers
      3. Crumbles
      4. Nuggets
      5. Meatballs
      6. Others
  7. Global Plant-Based Meat Market By Meat Type

    1. Market size analysis, and y-o-y growth analysis (%), By Meat Type segment
    2. Market attractiveness index, By Meat Type segment
      1. Chicken
      2. Beef
      3. Pork
      4. Others

  8. Global Plant-Based Meat Market By Source

    1. Market size analysis, and y-o-y growth analysis (%), By Source segment
    2. Market attractiveness index, By Source segment
      1. Soy
      2. Wheat
      3. Pea
      4. Beans
      5. Oats
      6. Others
  9. Global Plant-Based Meat Market By Distribution Channel

    1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
    2. Market attractiveness index, By Application Segment
      1. Direct Sales
      2. Indirect Sales
        1. Supermarkets & Hypermarkets
        2. Convenience Stores
        3. Specialty Food Stores
        4. Online
        5. Others
  10. Global Plant-Based Meat Market By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Meat Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      7. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Meat Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      7. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Meat Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      7. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Meat Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
      7. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia & New Zealand
        5. Rest of Asia Pacific
    6. The Middle East And Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Meat Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
  11. Global Plant-Based Meat Market Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Comparative type of portfolio analysis
    4. Market positioning/share analysis
    5. Mergers and acquisitions analysis

  12. Company Profiles

    1. Beyond Meat
      1. Company Overview
      2. Type Portfolio And Description
      3. Key Highlights
      4. Financial Overview
    2. Impossible Foods Inc.
    3. Amy's Kitchen, Inc.
    4. Garden Protein International, Inc.
    5. Quorn Foods, Inc.
    6. Lightlife Foods
    7. MorningStar Farms (The Kellogg Company)
    8. Tofurky
    9. VBites Foods Limited
    10. Before the Butcher

  13. Global Plant-Based Meat Market Premium Insights

  14. Global Plant-Based Meat Market DataM

    1. Appendix
    2. About us and services
    3. Contact Us

List of Tables & Figures

List of Tables 

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 Middle East & Africa Plant Based Meat Market Value, By Type, 2017-2027 ($ Million)

Table 37 Middle East & Africa Plant Based Meat Market Value, By Distribution Channel, 2017-2027 ($ Million)

Table 38 Middle East & Africa Plant Based Meat Market Value, By Source, 2017-2027 ($ Million)

Table 39 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

List of Figures

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 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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