What is Plant Based Meat Market Scope?
Plant-based meats are manufactured from plants and offer to feel, taste, and appear similar to the real meat. Plant-based meats are considered as the healthier than regular meat because they are lower in saturated fat and calories. The major ingredients in plant-based meats are coconut oil, vegetable protein extract, and beet juice.
Influencing Trend:
Technology Development in Production
Market Growth Drivers:
Increase in Number of Vegan and Flexitarian Population Across the Globe and Increase in Awareness Regarding the Health Benefits Accessible by Plant-Based Meat Over Animal Meat
Challenges:
Lack of Awareness
Restraints:
Increase In Occurrence of Allergic to Plant-Based Meat and High Cost Associated with Manufacturing
Opportunities:
Growing Demand for Alternative Solution to Meet Products
The Plant Based Meat market study is being classified by Type (Beef, Chicken, Pork, Fish and Others), by Application and major geographies with country level break-up.
The leading market players those are contributing high market share and generating huge revenue are exploring various market growth opportunities by expanding their footprint in new geographical regions, or by acquisitions, expansions, R&D investments, new service launches and many other. The market-leading players are discovering new growth areas through expansions and acquisitions across the globe to benefit from competitive advantage through combined collaborations. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Plant Based Meat market throughout the predicted period.
Beyond Meat (United States), Impossible Foods Inc. (United States), Maple Leaf Foods (Canada), The Vegetarian Butcher (Netherlands), Gardein Protein International (Canada), Morningstar Farms (United States), Quorn Foods (United States), Amy’s Kitchen (United States), Tofurky (United States) and Gold&Green Foods Ltd. (Finland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sunfed (New Zealand), VBites Food Limited (United Kingdom) and Alpha Foods (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Plant Based Meat market by Type, Application and Region.
On the basis of geography, the market of Plant Based Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In Sep 2020, Gardein, a brand of Conagra Brands, Inc. announced the launch of a collection of plant-based meat alternatives from the freezer case to the soup aisle with the debut of five new Gardein Soups, the first-ever line-up of soups featuring plant-based meat alternatives. Through this initiative, the company is able to generate a huge amount of revenue.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Plant Based Meat Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Plant Based Meat Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Plant Based Meat Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Plant Based Meat industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.