Plant-based Meatballs Market Size - By Source, By Packaging, By Distribution Channel & Global Forecast, 2023

Description

List of Tables

Plant-based Meatballs Market size is poised to witness 14.9% CAGR from 2023 to 2032 owing to the expanding population of vegans, vegetarians, and flexitarians across the globe. The rising consumer adoption of plant-based diets for health, environmental, and ethical reasons has created larger customer base for plant-based meat products, including meatballs. This has significantly increased the demand for meatball alternatives, driving innovations and product varieties to cater to diverse dietary preferences.

Moreover, continuous R&D efforts are yielding remarkable breakthroughs, resulting in plant-based meatballs that closely mimic the taste, texture, and even appearance of traditional meatballs. For instance, in February 2023, Irish meat producer ABP Group added No-Beef Balls and No-Beef Mince, made from pea protein to its plant-based Dopsu range. The emergence of cutting-edge food technologies, such as protein isolates, textured vegetable proteins, and advanced flavoring techniques will also augment the overall market outlook.

The overall plant-based meatballs market is segmented in terms of source, packaging, distribution channel, and region.

Based on source, the wheat-based plant-based meatballs market size is poised to gain momentum through 2032 owing to advantages, such as high proteins and low saturated fats to cater to rising number of health-conscious individuals. Moreover, these meatballs are largely preferred as they align with the growing global trend towards reducing meat consumption to combat environmental issues. The surge in innovations and investments in wheat-based meatball production technologies is also anticipated to fuel the segment growth.

In terms of packaging, the refrigerated plant-based meatballs industry is likely to register immense traction between 2023 and 2032. Refrigerated packaging enhances product freshness and extends the shelf life of the meatballs, further addressing the crucial consumer concerns regarding quality and convenience. Additionally, the surging preference for eco-friendly refrigerated packaging materials will bolster the market growth.

Asia Pacific plant-based meatballs market is expected to witness robust growth through 2032. The ongoing shift of dietary preferences towards healthier and more sustainable choices among consumers is contributing to the increasing acceptance of plant-based options. Furthermore, the availability of diverse plant-based ingredients and culinary traditions in the region has paved way for innovative and culturally tailored plant-based meatball offerings. Moreover, manufacturers are collaborating with universities, government organizations, as well as research and development teams to create new products, further boosting the market growth. To cite an instance, in January 2023, WTH Foods, a plant-based meat company based in the Philippines, launched Umani, a new line of frozen plant-based products inspired by Filipino culture.

Product Code: 6381

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Plant-based meatballs industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Source trends
2.4 Packaging trends
2.5 Distribution channel trends
2.6 Regional trends

Chapter 3 Plant-based Meatballs Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By source
- 3.3.2 By packaging
- 3.3.3 By distribution channel
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
- 3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Plant-based Meatballs Market Size and Forecast, By Source 2018 - 2032

5.1 Soy-Based
5.2 Pea-Based
5.3 Wheat-Based

Chapter 6 Plant-based Meatballs Market Size and Forecast, By Packaging 2018 - 2032

6.1 Frozen
6.2 Refrigerated
6.3 Shelf-stable

Chapter 7 Plant-based Meatballs Market Size and Forecast, By Distribution Channel 2018 - 2032

7.1 Supermarkets
7.2 Specialty stores
7.3 Online retail
7.4 Foodservice providers

Chapter 8 Plant-based Meatballs Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 Beyond Meat, Inc.
9.2 Impossible Foods Inc.
9.3 Gardein (a brand of Conagra Brands)
9.4 MorningStar Farms (a brand of Kellogg Company)
9.5 Lightlife Foods (a brand of Greenleaf Foods, SPC)
9.6 Field Roast Grain Meat Co. (a brand of Greenleaf Foods, SPC)
9.7 Tofurky Company
9.8 Quorn Foods
9.9 Dr. Praeger's Sensible Foods
9.10 Alpha Foods
9.11 Sweet Earth Foods (a brand of Nestlé)
9.12 Lightlife Foods (a brand of Greenleaf Foods, SPC)
9.13 The Meatless Farm Co.
9.14 No Evil Foods
9.15 Before the Butcher