Product Code: SR1019K52_Report
The global plant-based meat market grew at a CAGR of around 22% during 2014-2019. Plant-based meat refers to a meat-like, vegan alternative that resembles meat products in color, texture, appearance, and flavor. Generally, it is produced by mixing plant protein isolates, starch, vegetable extracts, edible oils, and various other seasonings. These raw materials are further processed with additives and coloring agents to attain flavor and texture, similar to animal meat. Plant-based meat products help in reducing meat intake, thereby minimizing the risks of cardiovascular diseases, lowering blood cholesterol, maintaining calories, and increasing protein consumption. Furthermore, the meat variant is also considered to be ecologically sustainable as it helps in reducing the high consumption of meat produce. Owing to this, plant-based meat products are widely available across restaurants, cafes, fast food joints, hypermarkets/supermarkets, convenience/specialty stores, and other catering platforms.
The prevalent trend of veganism coupled with the rising concerns towards animal welfare and protection has led to the increasing demand for meat alternatives, such as plant-based meat. Furthermore, the growing consumer health concerns along with the high prevalence of obesity, diabetes, etc., have also augmented the product demand owing to its low calorie and high-protein content. Additionally, changing consumer inclination from non-vegetarian diet towards plant protein-sourced foods along with the rising adoption of flexitarian and vegetarian diet, particularly across North America and Europe, has also catalyzed the market growth. Across several emerging economies, such as India, China, Brazil, Turkey, etc., the rapid urbanization coupled with the elevating consumer living standards have increased the per capita expenditures on premium-quality food products, such as vegan food. Apart from this, the introduction of several awareness programs by various animal welfare organizations, such as PETA, for reducing excessive animal killing for meat consumption, also propels the product demand. Moreover, owing to the changing consumer tastes and preferences, several manufacturers are introducing vegan meat products with better aroma, texture, longer shelf life, and high nutritional value. Additionally, various prominent food companies are entering into strategic partnerships with several vegan meat producing start-ups for expanding their product portfolios, thereby leading to product premiumization. Furthermore, the rising adoption of these meat products across several cuisines, including Chinese, Thai, Italian, etc., will continue to fuel the growth of the global plant-based meat market in the coming years. Looking forward, IMARC Group expects the market to continue its robust growth during the next five years.
Breakup by Product Type:
- Burger Patties
- Sausages
- Nuggets and Strips
- Ground Meat
- Meatballs
- Others
Breakup by Source:
Breakup by Meat Type:
Breakup by Distribution Channel:
- Restaurants and Catering Industry
- Supermarkets and Hypermarkets
- Convenience and Specialty Stores
- Online Retail
Breakup by Region:
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- Italy
- France
- Netherlands
- Sweden
- Others
- Asia Pacific
- China
- Australia
- South Korea
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- UAE
- Others
Competitive Landscape:
- The competitive landscape of the industry has also been examined with some of the key players being Amy's Kitchen, Inc., Beyond Meat, Boca Foods Company (Kraft Foods, Inc.), Garden Protein International (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods, MorningStar Farms (Kellogg Na Co.), Quorn Foods, The Vegetarian Butcher, and Vbites Food Limited.
Key Questions Answered in This Report:
- How has the global plant-based meat performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What has been the impact of Covid-19 on the plant-based meat market?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the meat type?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global plant-based meat and who are the key players?
- What is the degree of competition in the market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Plant-Based Meat Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of Covid-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Burger Patties
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Sausages
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Nuggets and Strips
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Ground Meat
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Meatballs
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Other
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Source
- 7.1 Soy
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Wheat
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Peas
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Other
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Meat Type
- 8.1 Chicken
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Beef
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pork
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Other
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Restaurant and Catering Industry
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Supermarkets and Hypermarkets
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Convenience and Specialty Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Online Retail
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Europe
- 10.2.1 United Kingdom
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Germany
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 Italy
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 France
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Netherlands
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Sweden
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 Australia
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 South Korea
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Others
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Turkey
- 10.5.1.1 Market Trends
- 10.5.1.2 Market Forecast
- 10.5.2 Saudi Arabia
- 10.5.2.1 Market Trends
- 10.5.2.2 Market Forecast
- 10.5.3 Egypt
- 10.5.3.1 Market Trends
- 10.5.3.2 Market Forecast
- 10.5.4 Others
- 10.5.4.1 Market Trends
- 10.5.4.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Amy's Kitchen, Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Business Portfolio
- 14.3.1.3 SWOT Analysis
- 14.3.2 Beyond Meat
- 14.3.2.1 Company Overview
- 14.3.2.2 Business Portfolio
- 14.3.2.3 Financial Portfolio
- 14.3.2.4 SWOT Analysis
- 14.3.3 Boca Foods Company (Kraft Foods, Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Business Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Garden Protein International, Inc. (Conagra Brands, Inc.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Business Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Impossible Foods, Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Business Portfolio
- 14.3.5.3 SWOT Analysis
- 14.3.6 Maple Leaf Foods
- 14.3.6.1 Company Overview
- 14.3.6.2 Business Portfolio
- 14.3.6.3 Financial Portfolio
- 14.3.6.4 SWOT Analysis
- 14.3.7 MorningStar Farms (Kellogg Na Co.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Business Portfolio
- 14.3.7.3 SWOT Analysis
- 14.3.8 Quorn Foods
- 14.3.8.1 Company Overview
- 14.3.8.2 Business Portfolio
- 14.3.8.3 SWOT Analysis
- 14.3.9 The Vegetarian Butcher
- 14.3.9.1 Company Overview
- 14.3.9.2 Business Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Vbites Food Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Business Portfolio
- 14.3.10.3 SWOT Analysis
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