Product Code: GVR-4-68039-145-9
Plant-based Meat Market Growth & Trends:
The global plant-based meat market size is expected to reach USD 24.77 billion by 2030, registering a CAGR of 19.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing adoption of vegan lifestyle and diet among health-conscious consumers in traditionally meat-eating developed economies are expected to drive the market growth over the forecast period.
The growing concern of consumers regarding animal welfare and greenhouse gas emission created by the distinguished practices of the meat industry, together with celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for plant-based meat products in the global market.
The plant based meat is predominantly consumed in the Hotel/Restaurant/Cafe (HORECA) sector. Key companies in the industry are collaborating with fast-food joints and restaurant chains to promote the adoption of their products. For instance, fast-food joints such as Burger King, MacDonald's, and Subway are launching new vegan meat products to capitalize on the industry dominated by health-conscious customers.
The plant based burgers are likely to exhibit steady growth over the upcoming years on account of rising consumer concerns regarding conventional meat products in the wake of the coronavirus pandemic. The plant-based burgers are known to offer low-gluten and low-fat contents, which makes them a highly favored product amongst health-conscious individuals.
Plant-based Meat Market Report Highlights:
- The plant-based sausages are anticipated to register the fastest CAGR over the forecast period. Shifting consumer inclination towards plant-based diets and rising consumption of sausages via retail channels on account of taste, texture, and convenience are anticipated to spur product demand across the globe
- Soy accounted for the largest market revenue share of 48.0% in 2023, owing to its protein-rich content and widespread popularity
- The rising trend of a vegan diet in European countries has pushed the demand for plant-based meat products in the region. The U.K., known for a variety of fresh and high-quality meat delicacies is now home to the largest vegan population in the world
- In June 2020, Starbucks, in collaboration with Impossible Foods Inc., introduced the Impossible Breakfast Sandwich to its menu in most of its locations in the U.S. The sandwich is made with plant-based sausage and was launched as part of the Starbuck sustainability initiative to meet the rising consumer interest in the plant-based options
Table of Contents
Chapter 1. Plant-based Meat Market: Methodology and Scope
- 1.1. Information Procurement
- 1.1.1. Purchased Database
- 1.1.2. GVR's Internal Database
- 1.1.3. Secondary Sources & Third-Party Perspectives
- 1.1.4. Primary Research
- 1.2. Information Analysis
- 1.2.1. Data Analysis Models
- 1.3. Market Formulation & Data Visualization
- 1.4. Data Validation & Publishing
Chapter 2. Plant-based Meat Market: Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Plant-based Meat Market: Variables, Trends, and Scope
- 3.1. Industry Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Major Raw Material Trends Analysis
- 3.4. Regulatory Framework
- 3.5. Technology Framework
- 3.6. Plant-based Meat Market - Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Business Environmental Tools Analysis: Plant-based Meat Market
- 3.7.1. Porter's Five Forces Analysis
- 3.7.1.1. Bargaining Power of Suppliers
- 3.7.1.2. Bargaining Power of Buyers
- 3.7.1.3. Threat of Substitution
- 3.7.1.4. Threat of New Entrants
- 3.7.1.5. Competitive Rivalry
- 3.7.2. PESTLE Analysis
- 3.7.2.1. Political Landscape
- 3.7.2.2. Economic Landscape
- 3.7.2.3. Social Landscape
- 3.7.2.4. Technology Landscape
- 3.7.2.5. Environmental Landscape
- 3.7.2.6. Legal Landscape
- 3.8. Major Strategic Deals & Alliances
Chapter 4. Plant-based Meat Market: Source Estimates & Trend Analysis
- 4.1. Plant-based Meat Market: Source Movement Analysis, 2023 & 2030
- 4.2. Soy
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Pea
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Wheat
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Plant-based Meat Market: Product Estimates & Trend Analysis
- 5.1. Plant-based Meat Market: Product Movement Analysis, 2023 & 2030
- 5.2. Burgers
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Sausages
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Patties
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Nuggets, Tenders & Cutlets
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Grounds
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Plant-based Meat Market: Type Estimates & Trend Analysis
- 6.1. Plant-based Meat Market: Type Movement Analysis, 2023 & 2030
- 6.2. Chicken
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Pork
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Beef
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Fish
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Plant-based Meat Market: End-user Estimates & Trend Analysis
- 7.1. Plant-based Meat Market: End-user Movement Analysis, 2023 & 2030
- 7.2. Retail
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3. HORECA
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Plant-based Meat Market: Storage Estimates & Trend Analysis
- 8.1. Plant-based Meat Market: Storage Movement Analysis, 2023 & 2030
- 8.2. Refrigerated
- 8.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3. Frozen
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4. Shelf-stable
- 8.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Plant-based Meat Market: Regional Estimates & Trend Analysis
- 9.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 9.2. Plant-based Meat Market: Regional Movement Analysis, 2023 & 2030
- 9.3. North America
- 9.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.3.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.3.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.3.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.3.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.3.7. U.S.
- 9.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.3.7.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.3.7.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.3.7.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.3.7.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.3.8. Canada
- 9.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.8.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.3.8.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.3.8.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.3.8.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.3.8.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.3.9. Mexico
- 9.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.9.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.3.9.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.3.9.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.3.9.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.3.9.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.4. Europe
- 9.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.4.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.4.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.4.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.4.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.4.7. U.K.
- 9.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.4.7.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.4.7.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.4.7.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.4.7.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.4.8. Germany
- 9.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.8.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.4.8.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.4.8.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.4.8.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.4.8.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.4.9. France
- 9.4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.9.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.4.9.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.4.9.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.4.9.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.4.9.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.4.10. Italy
- 9.4.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.10.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.4.10.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.4.10.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.4.10.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.4.10.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.4.11. The Netherlands
- 9.4.11.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.11.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.4.11.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.4.11.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.4.11.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.4.11.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.5. Asia Pacific
- 9.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.5.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.5.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.5.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.5.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.5.7. China
- 9.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.5.7.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.5.7.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.5.7.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.5.7.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.5.8. Japan
- 9.5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.8.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.5.8.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.5.8.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.5.8.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.5.8.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.5.9. Australia & New Zealand
- 9.5.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.9.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.5.9.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.5.9.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.5.9.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.5.9.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.6. Central & South America
- 9.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.6.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.6.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.6.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.6.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.6.7. Brazil
- 9.6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.6.7.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.6.7.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.6.7.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.6.7.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.6.8. Argentina
- 9.6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.8.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.6.8.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.6.8.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.6.8.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.6.8.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.7. Middle East & Africa
- 9.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.7.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.7.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.7.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.7.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
- 9.7.7. UAE
- 9.7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 9.7.7.3. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 9.7.7.4. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 9.7.7.5. Market estimates and forecasts, by end-user, 2018 - 2030 (USD Million)
- 9.7.7.6. Market estimates and forecasts, by storage, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 10.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 10.3. Vendor Landscape
- 10.3.1. List of Key Distributors & Chanel Partners
- 10.3.2. Company Market Position Analysis, 2023
- 10.3.3. Company Ranking Analysis, 2023
- 10.4. Public Companies
- 10.4.1. Competitive Dashboard Analysis
- 10.4.1.1. Market Differentiators
- 10.4.1.2. Synergy Analysis: Major Deals & Strategic Alliances
- 10.4.2. SWOT Analysis Of Public Companies
- 10.5. Private Companies
- 10.5.1. List of Key Emerging Companies/Technology Disruptors/Innovators
- 10.5.2. Geographical Presence
Chapter 11. Company Profiles
- 11.1. Beyond Meat
- 11.1.1. Company overview
- 11.1.2. Financial performance
- 11.1.3. Product benchmarking
- 11.1.4. Strategic initiatives
- 11.2. Impossible Foods Inc.
- 11.2.1. Company overview
- 11.2.2. Financial performance
- 11.2.3. Product benchmarking
- 11.2.4. Strategic initiatives
- 11.3. Maple Leaf Foods (Field Roast & Maple Leaf)
- 11.3.1. Company overview
- 11.3.2. Financial performance
- 11.3.3. Product benchmarking
- 11.3.4. Strategic initiatives
- 11.4. Vegetarian Butcher
- 11.4.1. Company overview
- 11.4.2. Financial performance
- 11.4.3. Product benchmarking
- 11.4.4. Strategic initiatives
- 11.5. Conagra, Inc. (Gardein Protein International)
- 11.5.1. Company overview
- 11.5.2. Financial performance
- 11.5.3. Product benchmarking
- 11.5.4. Strategic initiatives
- 11.6. Kellogg NA Co. (MorningStar Farms)
- 11.6.1. Company overview
- 11.6.2. Financial performance
- 11.6.3. Product benchmarking
- 11.6.4. Strategic initiatives
- 11.7. Quorn
- 11.7.1. Company overview
- 11.7.2. Financial performance
- 11.7.3. Product benchmarking
- 11.7.4. Strategic initiatives
- 11.8. Amy's Kitchen, Inc.
- 11.8.1. Company overview
- 11.8.2. Financial performance
- 11.8.3. Product benchmarking
- 11.8.4. Strategic initiatives
- 11.9. Tofurky
- 11.9.1. Company overview
- 11.9.2. Financial performance
- 11.9.3. Product benchmarking
- 11.9.4. Strategic initiatives
- 11.10. Gold&Green Foods Ltd.
- 11.10.1. Company overview
- 11.10.2. Financial performance
- 11.10.3. Product benchmarking
- 11.10.4. Strategic initiatives
- 11.11. Sunfed
- 11.11.1. Company overview
- 11.11.2. Financial performance
- 11.11.3. Product benchmarking
- 11.11.4. Strategic initiatives
- 11.12. VBites Foods Limited
- 11.12.1. Company overview
- 11.12.2. Financial performance
- 11.12.3. Product benchmarking
- 11.12.4. Strategic initiatives
- 11.13. S Kraft Foods, Inc.
- 11.13.1. Company overview
- 11.13.2. Financial performance
- 11.13.3. Product benchmarking
- 11.13.4. Strategic initiatives
- 11.14. Lightlife Foods, Inc.
- 11.14.1. Company overview
- 11.14.2. Financial performance
- 11.14.3. Product benchmarking
- 11.14.4. Strategic initiatives
- 11.15. Trader Joe's
- 11.15.1. Company overview
- 11.15.2. Financial performance
- 11.15.3. Product benchmarking
- 11.15.4. Strategic initiatives
- 11.16. Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
- 11.16.1. Company overview
- 11.16.2. Financial performance
- 11.16.3. Product benchmarking
- 11.16.4. Strategic initiatives
- 11.17. Marlow Foods Ltd. (Cauldron)
- 11.17.1. Company overview
- 11.17.2. Financial performance
- 11.17.3. Product benchmarking
- 11.17.4. Strategic initiatives
- 11.18. Ojah B.V.
- 11.18.1. Company overview
- 11.18.2. Financial performance
- 11.18.3. Product benchmarking
- 11.18.4. Strategic initiatives
- 11.19. Moving Mountains
- 11.19.1. Company overview
- 11.19.2. Financial performance
- 11.19.3. Product benchmarking
- 11.19.4. Strategic initiatives
- 11.20. Eat JUST Inc.
- 11.20.1. Company overview
- 11.20.2. Financial performance
- 11.20.3. Product benchmarking
- 11.20.4. Strategic initiatives
- 11.21. LikeMeat GmbH
- 11.21.1. Company overview
- 11.21.2. Financial performance
- 11.21.3. Product benchmarking
- 11.21.4. Strategic initiatives
- 11.22. Gooddot
- 11.22.1. Company overview
- 11.22.2. Financial performance
- 11.22.3. Product benchmarking
- 11.22.4. Strategic initiatives
- 11.23. OmniFoods
- 11.23.1. Company overview
- 11.23.2. Financial performance
- 11.23.3. Product benchmarking
- 11.23.4. Strategic initiatives
- 11.24. No Evil Foods
- 11.24.1. Company overview
- 11.24.2. Financial performance
- 11.24.3. Product benchmarking
- 11.24.4. Strategic initiatives
- 11.25. DR. PRAEGER'S SENSIBLE FOODS
- 11.25.1. Company overview
- 11.25.2. Financial performance
- 11.25.3. Product benchmarking
- 11.25.4. Strategic initiatives