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Market Research Report

Global Plant Based Meat Market -2019-2026

Published by DataM Intelligence Product code 905994
Published Content info 130-180 Pages
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Global Plant Based Meat Market -2019-2026
Published: August 1, 2019 Content info: 130-180 Pages
Description

Global Plant Based Meat Market - Overview

The Global Plant Based Meat Market valued USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period.

Plant-based meat is a meat substitute derived from plant and other non-animal products to mimic natural meat in flavor, texture and all other properties. These products are majorly designed to be use as an effective alternative to chicken meat, pork, and beef. These plant based meat products are considered as sustainable solution to environmental concerns. The retail stores across the western countries are focusing towards sale of these products to cater the demand from growing vegan and vegetarian population.

Global Plant Based Meat Market - Dynamics

The growing demand for meat coupled with rising population and consumer preferences towards meat products is resulting in over slaughtering and depletion of animal sources. This is resulting in evolution of sustainability as a key purchasing factor among population particularly in millennials and GenX. Consumer concern towards environment and animal welfare are driving the demand for meat substitutes. Furthermore, stringent regulations laid by several state and federal governments towards raising and slaughtering of meat animals is boosting the growth of plant-based meat market. On the demand side, the growing outbreak of food borne diseases particularly due to animal meat and milk products is motivating consumers towards healthy plant based alternatives, thus boosting the growth of plant-based meat products. The growth of the market is also attributable to the health benefits associated with plant derived diets. The growing trend of veganism and vegetarianism is providing immense growth potential to the market in future. According to The VeganSociety, the vegan population in U.K. increased from 150,000 in 2014 to 600,000 in 2018. However, the GM issues associated with plants is the primary factor hindering the growth of plant-based meat market.

The Global Plant Based Meat Market has been segmented by product type into sausages, burgers, crumbles, nuggets, meatballs, and others. Burger is the largest segment of the market owing to the established consumer base for burgers across the globe. With a share of over 30%, soy evolved as the major plant source of meat owing to wide range of application for soy based meat in preparation of sausages, burgers, and meatballs. Wheat, oats, pea, and beans are also holding significant share on the market. The growing production of soy across the globe is also attributing to the growth of soy based meat market. According to The United States Department of Agriculture, the production of soybeans in U.S. increased from 3.04 billion bushels in 2012 to 4.54 billion bushels in 2018. By distribution channel, indirect sales hold the major share in terms of value owing to the rising retail channel in developing countries. Indirect channel include sales through supermarkets, hypermarkets, convenience stores, specialty food stores and e-commerce.

By geography, the study is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. Confectionery is a well-established market since decades in most of the American and European countries. The availability of cocoa and other confectionery ingredients made them the early adopters of sugar and chocolate confectionery products. Europe is the largest confectionery market with a share of over 35% in 2018 and it is estimated to hold its dominance over the forecast period. The large per-capita consumption of chocolate in countries such as Switzerland, the U.K., Sweden, Germany, and Ireland is supporting the growth of confectionery market in Europe. However, Asia Pacific evolved as the fastest growing market for confectionery products owing to the rising consumer spending and growing adoption of confectionery in countries such as India and China.

Since the launch of first plant-based burger by Beyond Meat in 2016, the market has been highly consolidated by U.S. based startups Beyond Meat and Impossible Foods Inc. However, the high growth potential of the market has attracted several established and startup food companies into the market. The global plant based meat market has turned highly competitive with large number of global players focusing on expanding business operations in high potential plant-based meat market. Companies are involved in product launches and new geographic penetrations to enhance their business operations. The market became further competitive by the foot prints of Asian companies such as GoodDot (India) and Whole Perfect Foods Co.,Ltd. (China) and retail companies entering the market. The companies in the market are leveraging on new product launches to increase their market share. For instance

  • In June 2019, U.S. based chain of supermarkets Sainsbury's opened Meat-Free Butchers, a specialty store during the world meat-free week to sell 100% plant-based meat products to customers.
  • In December 2017, India based GoodDot had launched vegetarian meat derived from Soy in India.

However, with the burgeoning demand for plant-based meat, global players such as Nestle and Conagra Brands with high financial stability can gain large foot-hold in the market, thereby consolidating the still evolving market. The existing sales channels and distribution network of these companies across the globe help enhance their penetration into high potential economies and may result in significant number of acquisitions in near future.

Some of the key players in the market are Conagra Brands, Inc., Beyond Meat, Impossible Foods Inc., Tofurky, VBites Foods Limited, and MorningStar Farms.

Why Purchase the Report?

  • Visualize the composition of the global plant based meat market across each indication, in terms of product type and distribution channel, highlighting the key commercial assets and major players.
  • Identify commercial opportunities in global plant based meat market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the global plant based meat market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key products of all major market players

Target Audience:

  • Meat Substitute Manufacturers
  • Food Retailers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
Table of Contents

Table of Contents

1. Global Plant Based Meat Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Plant Based Meat Market -Key Trends and Developments

3. Global Plant Based Meat Market - Executive Summary

  • 3.1. Market Snippet By Product Type
  • 3.2. Market Snippet By Distribution Channel
  • 3.3. Market Snippet By Geography
  • 3.4. DataM CLO Scenario

4. Global Plant Based Meat Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
      • 4.1.1.1. Evolution of highly nutritional confectionery products
      • 4.1.1.2. Rising population and their disposable income
      • 4.1.1.3. Expanding Retail channels in developing countries
    • 4.1.2. Restraints
      • 4.1.2.1. Adverse health effects of sugar
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Plant Based Meat Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Pricing analysis
  • 5.4. Patent Analysis

6. Global Plant Based Meat Market - By Product Type

  • 6.1. Market size analysis, and y-o-y growth analysis (%), By Product Type segment
  • 6.2. Market attractiveness index, By Product Type segment
    • 6.2.1. Sausages
    • 6.2.2. Burgers
    • 6.2.3. Crumbles
    • 6.2.4. Nuggets
    • 6.2.5. Meatballs
    • 6.2.6. Others

7. Global Plant Based Meat Market - By Product Type

  • 7.1. Market size analysis, and y-o-y growth analysis (%), By Meat Type segment
  • 7.2. Market attractiveness index, By Meat Type segment
    • 7.2.1. Chicken
    • 7.2.2. Beef
    • 7.2.3. Pork
    • 7.2.4. Others

8. Global Plant Based Meat Market - By Source

  • 8.1. Market size analysis, and y-o-y growth analysis (%), By Source segment
  • 8.2. Market attractiveness index, By Source segment
    • 8.2.1. Soy
    • 8.2.2. Wheat
    • 8.2.3. Pea
    • 8.2.4. Beans
    • 8.2.5. Oats
    • 8.2.6. Others

9. Global Plant Based Meat Market - By Distribution Channel

  • 9.1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
  • 9.2. Market attractiveness index, By Application Segment
    • 9.2.1. Direct Sales
    • 9.2.2. Indirect Sales
      • 9.2.2.1. Supermarkets & Hypermarkets
      • 9.2.2.2. Convenience Stores
      • 9.2.2.3. Specialty Food Stores
      • 9.2.2.4. Online
      • 9.2.2.5. Others

10. Global Plant Based Meat Market - By Region

  • 10.1. Introduction
  • 10.2. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
  • 10.3. Market Attractiveness Index, By Region
  • 10.4. North America
    • 10.4.1. Introduction
    • 10.4.2. Key region-specific dynamics
    • 10.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
    • 10.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.4.5.1. U.S.
      • 10.4.5.2. Canada
      • 10.4.5.3. Mexico
  • 10.5. Europe
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
    • 10.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.5.5.1. Germany
      • 10.5.5.2. U.K.
      • 10.5.5.3. France
      • 10.5.5.4. Italy
      • 10.5.5.5. Spain
      • 10.5.5.6. Rest of Europe
  • 10.6. South America
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
    • 10.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.6.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.6.5.1. Brazil
      • 10.6.5.2. Argentina
      • 10.6.5.3. Chile
      • 10.6.5.4. Rest of South America
  • 10.7. Asia Pacific
    • 10.7.1. Introduction
    • 10.7.2. Key Region-Specific Dynamics
    • 10.7.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
    • 10.7.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.7.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.7.5.1. China
      • 10.7.5.2. India
      • 10.7.5.3. Japan
      • 10.7.5.4. Australia & New Zealand
      • 10.7.5.5. Rest of Asia Pacific
  • 10.8. The Middle East And Africa
    • 10.8.1. Introduction
    • 10.8.2. Key Region-Specific Dynamics
    • 10.8.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
    • 10.8.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel

11. Global Plant Based Meat Market - Competitive Landscape

  • 11.1. Competitive scenario
  • 11.2. Competitor strategy analysis
  • 11.3. Comparative type portfolio analysis
  • 11.4. Market positioning/share analysis
  • 11.5. Mergers and acquisitions analysis

12. Company Profiles

  • 12.1. Beyond Meat
    • 12.1.1. Company Overview
    • 12.1.2. Type Portfolio And Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Impossible Foods Inc.
  • 12.3. Amy's Kitchen, Inc.
  • 12.4. Garden Protein International, Inc.
  • 12.5. Quorn Foods, Inc.
  • 12.6. Lightlife Foods
  • 12.7. MorningStar Farms (The Kellogg Company)
  • 12.8. Tofurky
  • 12.9. VBites Foods Limited
  • 12.10. Before the Butcher

13. Global Plant Based Meat Market - Premium Insights

14. Global Plant Based Meat Market - DataM

  • 14.1. Appendix
  • 14.2. About us and services
  • 14.3. Contact us
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