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Plant Based Meat Market Overview:
The Plant Based Meat Market is projected to expand significantly, with an estimated size of $ 24.80 billion by 2030. This growth is expected to occur at a compound annual growth rate CAGR of 19.0% during the forecast period from 2023 to 2030. In recent times, the plant-based meat market has experienced significant expansion, fueled by a rising consumer appetite for food choices that are both sustainable and health-conscious.
This market encompasses a range of products designed to mimic the taste, texture, and nutritional profile of traditional animal-based meats, utilizing ingredients like soy, pea protein, and other plant sources. Factors such as environmental concerns, animal welfare considerations, and health-conscious lifestyles have propelled the adoption of plant-based meats. Notable companies like Beyond Meat and Impossible Foods have played a pivotal role in shaping this industry.
The science of plant-based meats involves blending plant proteins, fats, vitamins, minerals, and water to achieve a meat-like composition.
The market's expansion is evident across retail shelves, restaurant menus, and foodservice providers globally. While challenges like taste optimization and cost remain, the plant-based meat market continues to evolve, innovate, and capture a significant share of the overall food industry, signaling a shift toward more sustainable and ethical dietary choices.
Market Snapshot:
Plant Based Meat Market - Report Coverage:
The “Plant Based Meat Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Carnitine Supplements Market.
Plant Based Meat Market - Top Trends
Diversification of Ingredients: Manufacturers are increasingly experimenting with a variety of plant sources, such as mushrooms, jackfruit, lentils, and seaweed, to create a broader range of flavors and textures in plant-based meat products.
Health and Wellness Focus: Consumers are gravitating towards plant-based meats as they seek healthier alternatives to traditional meats. Products with reduced saturated fats, cholesterol, and added nutrients are gaining popularity.
Mainstream Fast-Food Adoption: Major fast-food chains and restaurants are incorporating plant-based meat options into their menus, reflecting the shift toward more inclusive dining experiences and catering to flexitarian and vegetarian customers.
Global Cuisine Influences: Plant-based meats are being developed to cater to different cultural cuisines, expanding beyond Western-style products to include options that align with diverse tastes and cooking styles worldwide.
Tech Innovation: Advancements in food technology are driving improvements in taste, texture, and nutritional profiles of plant-based meats, making them more comparable to animal-based counterparts.
The Plant Based Meat Market - Company Analysis
Maple Leaf Foods (Field Roast & Maple Leaf): Maple Leaf Foods, through its brands Field Roast and Maple Leaf, has made significant strides in the plant-based meat market. Field Roast offers a variety of plant-based sausages, roasts, and other meat alternatives, while Maple Leaf has introduced its "Greenleaf" line of plant-based products. The company's strong presence in the traditional meat industry has allowed it to leverage its resources and distribution networks to expand its plant-based offerings.
The Vegetarian Butcher: Acquired by Unilever, The Vegetarian Butcher is known for its commitment to creating meat-like textures and flavors using plant-based ingredients. The brand offers a diverse range of products, from "chicken" and "beef" to "fish" alternatives, catering to a wide variety of consumer preferences.
Conagra, Inc: Conagra has entered the plant-based meat market through its brand Gardein, which produces a variety of frozen plant-based protein products. With its wide distribution network, Gardein products are available in many supermarkets, making them accessible to a broad consumer base.
Amy's Kitchen, Inc: Amy's Kitchen is recognized for its range of organic and vegetarian frozen foods, including plant-based meat alternatives. The brand's focus on using high-quality, organic ingredients appeals to health-conscious consumers seeking convenient plant-based options.
Gold&Green Foods Ltd: Gold&Green Foods, based in Finland, is known for its flagship product "Pulled Oats," which is a unique blend of oats, beans, and peas designed to mimic pulled pork. The company's emphasis on whole-food ingredients and sustainability aligns with current consumer trends.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Plant Based Meat Market adopt. The top 10 companies in Plant Based Meat Market are listed below:
- Gold&Green Foods Ltd.
- VBites Foods Limited
- Kraft Foods, Inc.
- Lightlife Foods, Inc.
- Marlow Foods Ltd.
- Omnipork
- Quorn Foods
- Novameat
- Garden Protein International
- Tofurky
Scope of the Report:
Details | |
Base Year Considered | 2022 |
Forecast Period | 2023–2030 |
CAGR | 19.0 % |
Market Size in 2030 | $ 24.80 billion |
Segments Covered | By Product Type, By Source, Distribution Channel and Region. |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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1. Plant Based Meat Market Overview
1.1DefinitionsandScope
2. Plant Based Meat Market –Executive Summary
3. Plant Based Meat Market –Market Land scape
3.1 Company Benchmarking – Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis – Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General PriceOfferingsintheMarket)
4. Plant Based Meat Market – Start up Company Scenario
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Plant Based Meat Market – Market Entry Scenario Premium
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Plant Based Meat Market – Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter’s Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Plant Based Meat Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Plant Based Meat Market – By Product Type (MarketSize-$Million/$Billion)
8.1 Burger Patties
8.1.1 Market Trends by Region
8.1.2. Market Share & Forecast by Region
8.2 Sausages
8.2.1 Market Trends by Region
8.2.2 Market Share & Forecast by Region
8.3 Strips & Nuggets
8.3.1 Market Trends by Region
8.3.2 Market Share & Forecast by Region
8.4 Meatballs
8.4.1 Market Trends by Region
8.4.2 Market Share & Forecast by Region
8.5 Others
8.5.1 Market Trends by Region
8.5.2 Market Share & Forecast by Region
9. Plant Based Meat Market – By Source (MarketSize-$Million/$Billion)
9.1 Soy
9.1.1 Market Share & Forecast by Region
9.1.2 Market Share & Forecast by Region
9.2 Pea
9.2.1 Market Trends by Region
9.2.2 Market Share & Forecast by Region
9.3 Wheat
9.3.1 Market Trends by Region
9.3.2 Market Share & Forecast by Region
9.4Other
9.4.1 Market Trends by Region
9.4.2 Market Share & Forecast by Region
10. Plant Based Meat Market – By Distribution Channel (MarketSize-$Million/$Billion)
10.1 Retail Outlets
10.1.1 Market Trends by Region
10.1.2 Market Share & Forecast by Region
10.2 Food service
10.2.1 Market Trends by Region
10.2.2 Market Share & Forecast by Region
10.3 E-commerce
10.3.1 Market Trends by Region
10.3.2 Market Share & Forecast by Region
10.4 By Storage
10.4.1 Market Trends by Region
10.4.2 Market Share & Forecast by Region
10.5 Frozen
10.5.1 Market Trends by Region
10.5.2 Market Share & Forecast by Region
11. Plant Based Meat Market – by Geography (MarketSize-$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 U.K.
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 RestofEurope
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 SouthKorea
11.3.4 India
11.3.5 Australia&NewZealand
11.3.6 RestofAsia-Pacific
11.4 SouthAmerica
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 RestofSouthAmerica
11.5 RestoftheWorld
11.5.1 MiddleEast
11.5.2 Africa
12. Plant Based Meat Market – Market Entropy
12.1 New product launches
12.2 M&A’s,collaborations,JVsandpartnerships
13. Plant Based Meat Market – Industry Competition Land scape
13.1 Market Share Analysis
13.1.1 Market Share by Technology – Key Companies
13.1.2 Market Share by Country – Key Companies
13.1.3 Market Share by Region – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. Plant Based Meat Market – Key Company List by Country Premium
15. Plant Based Meat Market – Company Analysis
15.1 MapleLeaf Foods (FieldRoast&MapleLeaf)
15.2 Vegetarian Butcher
15.3 Conagra,Inc
15.4 Amy'sKitchen,Inc.
15.5 Gold&Green Foods Ltd.
15.6 VBites Foods Limited
15.7 Kraft Foods,Inc.
15.8 Light life Foods,Inc.
15.9 Marlow Foods Ltd.
15.10 Omnipork
15.11 Quorn Foods
15.12 Novameat
15.13 Garden ProteinInternational
15.14 Tofurky
15.15 Zikooin
15.16 V2food
15.17 Morningstar Farms
15.18 VBites
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The Plant Based Meat Market is forecast to grow at 19.0 % during the forecast period 2023-2030.
The Global Plant Based Meat Market size is estimated to be $ 202.52 Billion in 2023 and is projected to reach $24.80 Billion by 2030.
The Top players in the Plant Based Meat Market are Gold&Green Foods Ltd., VBites Foods Limited, Kraft Foods, Inc.,Lightlife Foods, Inc., Marlow Foods Ltd., Omnipork, Quorn Foods, Novameat, Garden Protein International, Tofurky and others.