Industry Background:
Plant-based meat refers to food made from non-meats or sometimes without any other animal product but acts as a meat substitute and has the same amount of protein content. This is specially designed and created to look like, taste like, and cook like conventional meat. Many plant-based meat products are soy-based or gluten-based products.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Impossible Foods (United States), Morningstar Farms (United States), Pinnacle Foods (United States), Beyond Meat (United States), Atlantic Natural Foods (United States), Amy’s Kitchen (United States), Garden Protein International (United States), the Vegetarian Butcher (Netherlands), Quorn Foods (United Kingdom) and Sunfed (New Zealand) |
This growth is primarily driven by Rising Vegan and Flexitarian Population across the World, Rising Incidence of Health Disorders Boost Health and Fitness Consciousness Among Consumers and Growing Awareness about the Health Benefits of Plants Based Meat over Animal Meat.
Globally, a noticeable market trend is evident Substitution of Lupines with Soybeans in Tempeh Production Major Vendors, such as Impossible Foods (United States), Morningstar Farms (United States), Pinnacle Foods (United States), Beyond Meat (United States), Atlantic Natural Foods (United States), Amy’s Kitchen (United States), Garden Protein International (United States), the Vegetarian Butcher (Netherlands), Quorn Foods (United Kingdom) and Sunfed (New Zealand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2018, Unilever acquired meat alternative innovator the vegetarian butcher as it seeks to expand its portfolio into plant-based foods that are healthier and have a lower environmental impact.
In March 2019, Impossible Foods launched its plant-based meat, with a variety of dishes available at eight restaurants throughout Singapore. The motive behind the launch was to expand its global reach. Additionally, In March 2019, Beyond Meat launched a plant-based ground beef product to meet the rising consumer demands and enhance its plant-based meat product portfolio.
Influencing Trend:
Substitution of Lupines with Soybeans in Tempeh Production
Market Growth Drivers:
Rising Vegan and Flexitarian Population across the World, Rising Incidence of Health Disorders Boost Health and Fitness Consciousness Among Consumers and Growing Awareness about the Health Benefits of Plants Based Meat over Animal Meat
Challenges:
Changing Taste Preference
Restraints:
Population Allergic to Plant-Based Meat Sources Such as Soy and Wheat
Opportunities:
Shift Towards Vegetarian or Organic Diet
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Plant-based Meat Market
- Analysis about New Entrants in Plant-based Meat Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Plant-based Meat Study Sheds Light on
The Plant-based Meat Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plant-based Meat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plant-based Meat industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.