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Market Research Report

Plant-Based Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published by IMARC Services Private Limited Product code 999921
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Plant-Based Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: April 12, 2021 Content info: 143 Pages
Description

The global plant-based meat market reached a value of US$ 8.6 Billion in 2020. Plant-based meat refers to a meat-like, vegan alternative that resembles meat products in color, texture, appearance, and flavor. Generally, it is produced by mixing plant protein isolates, starch, vegetable extracts, edible oils, and various other seasonings. These raw materials are further processed with additives and coloring agents to attain flavor and texture, similar to animal meat. Plant-based meat products help in reducing meat intake, thereby minimizing the risks of cardiovascular diseases, lowering blood cholesterol, maintaining calories, and increasing protein consumption. Furthermore, the meat variant is also considered to be ecologically sustainable as it helps in reducing the high consumption of meat produce. Owing to this, plant-based meat products are widely available across restaurants, cafes, fast food joints, hypermarkets/supermarkets, convenience/specialty stores, and other catering platforms.

The prevalent trend of veganism coupled with the rising concerns towards animal welfare and protection has led to the increasing demand for meat alternatives, such as plant-based meat. Furthermore, the growing consumer health concerns along with the high prevalence of obesity, diabetes, etc., have also augmented the product demand owing to its low calorie and high-protein content. Additionally, changing consumer inclination from non-vegetarian diet towards plant protein-sourced foods along with the rising adoption of flexitarian and vegetarian diet, particularly across North America and Europe, has also catalyzed the market growth. Across several emerging economies, such as India, China, Brazil, Turkey, etc., the rapid urbanization coupled with the elevating consumer living standards have increased the per capita expenditures on premium-quality food products, such as vegan food. Apart from this, the introduction of several awareness programs by various animal welfare organizations, such as PETA, for reducing excessive animal killing for meat consumption, also propels the product demand. Moreover, owing to the changing consumer tastes and preferences, several manufacturers are introducing vegan meat products with better aroma, texture, longer shelf life, and high nutritional value. Additionally, various prominent food companies are entering into strategic partnerships with several vegan meat producing start-ups for expanding their product portfolios, thereby leading to product premiumization. Furthermore, the rising adoption of these meat products across several cuisines, including Chinese, Thai, Italian, etc., will continue to fuel the growth of the global plant-based meat market in the coming years. Looking forward, IMARC Group expects the market to exhibit strong growth during the next five years.

Breakup by Product Type:

  • Burger Patties
  • Sausages
  • Nuggets and Strips
  • Ground Meat
  • Meatballs
  • Others

Breakup by Source:

  • Soy
  • Wheat
  • Peas
  • Other

Breakup by Meat Type:

  • Chicken
  • Beef
  • Pork
  • Other

Breakup by Distribution Channel:

  • Restaurants and Catering Industry
  • Supermarkets and Hypermarkets
  • Convenience and Specialty Stores
  • Online Retail

Breakup by Region:

  • North America
  • United States
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • Italy
  • France
  • Netherlands
  • Sweden
  • Others
  • Asia Pacific
  • China
  • Australia
  • South Korea
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Others

Competitive Landscape:

  • The competitive landscape of the industry has also been examined with some of the top plant based meat comanies are being Amy's Kitchen, Inc., Beyond Meat, Boca Foods Company (Kraft Foods, Inc.), Garden Protein International (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods, MorningStar Farms (Kellogg Na Co.), Quorn Foods, The Vegetarian Butcher, and Vbites Food Limited.

Key Questions Answered in This Report:

  • How has the global plant-based meat performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What has been the impact of Covid-19 on the plant-based meat market?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the meat type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global plant-based meat and who are the key players?
  • What is the degree of competition in the market?
Table of Contents
Product Code: SR1020B307_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Plant-Based Meat Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of Covid-19
  • 5.4 Market Forecast

6 Market Breakup by Product Type

  • 6.1 Burger Patties
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Sausages
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Nuggets and Strips
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Ground Meat
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Meatballs
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Other
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast

7 Market Breakup by Source

  • 7.1 Soy
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Wheat
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Peas
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Other
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Meat Type

  • 8.1 Chicken
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Beef
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Pork
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Other
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by Distribution Channel

  • 9.1 Restaurant and Catering Industry
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Supermarkets and Hypermarkets
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Convenience and Specialty Stores
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Online Retail
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Europe
    • 10.2.1 United Kingdom
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Germany
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 Italy
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 France
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Netherlands
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Sweden
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Asia Pacific
    • 10.3.1 China
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 Australia
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 South Korea
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Others
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Turkey
      • 10.5.1.1 Market Trends
      • 10.5.1.2 Market Forecast
    • 10.5.2 Saudi Arabia
      • 10.5.2.1 Market Trends
      • 10.5.2.2 Market Forecast
    • 10.5.3 Egypt
      • 10.5.3.1 Market Trends
      • 10.5.3.2 Market Forecast
    • 10.5.4 Others
      • 10.5.4.1 Market Trends
      • 10.5.4.2 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Amy's Kitchen, Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Business Portfolio
      • 14.3.1.3 SWOT Analysis
    • 14.3.2 Beyond Meat
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Business Portfolio
      • 14.3.2.3 Financial Portfolio
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Boca Foods Company (Kraft Foods, Inc.)
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Business Portfolio
      • 14.3.3.3 SWOT Analysis
    • 14.3.4 Garden Protein International, Inc. (Conagra Brands, Inc.)
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Business Portfolio
      • 14.3.4.3 SWOT Analysis
    • 14.3.5 Impossible Foods, Inc.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Business Portfolio
      • 14.3.5.3 SWOT Analysis
    • 14.3.6 Maple Leaf Foods
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Business Portfolio
      • 14.3.6.3 Financial Portfolio
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 MorningStar Farms (Kellogg Na Co.)
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Business Portfolio
      • 14.3.7.3 SWOT Analysis
    • 14.3.8 Quorn Foods
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Business Portfolio
      • 14.3.8.3 SWOT Analysis
    • 14.3.9 The Vegetarian Butcher
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Business Portfolio
      • 14.3.9.3 SWOT Analysis
    • 14.3.10 Vbites Food Limited
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Business Portfolio
      • 14.3.10.3 SWOT Analysis

List of Figures

  • Figure 1: Global: Plant-Based Meat Market: Major Drivers and Challenges
  • Figure 2: Global: Plant-Based Meat Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: Plant-Based Meat Market: Breakup by Product Type (in %), 2020
  • Figure 4: Global: Plant-Based Meat Market: Breakup by Source (in %), 2020
  • Figure 5: Global: Plant-Based Meat Market: Breakup by Meat Type (in %), 2020
  • Figure 6: Global: Plant-Based Meat Market: Breakup by Distribution Channel (in %), 2020
  • Figure 7: Global: Plant-Based Meat Market: Breakup by Region (in %), 2020
  • Figure 8: Global: Plant-Based Meat Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 9: Global: Plant-Based Meat (Burger Patties) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 10: Global: Plant-Based Meat (Burger Patties) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 11: Global: Plant-Based Meat (Sausages) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 12: Global: Plant-Based Meat (Sausages) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 13: Global: Plant-Based Meat (Nuggets and Strips) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 14: Global: Plant-Based Meat (Nuggets and Strips) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 15: Global: Plant-Based Meat (Ground Meat) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 16: Global: Plant-Based Meat (Ground Meat) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 17: Global: Plant-Based Meat (Meatballs) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 18: Global: Plant-Based Meat (Meatballs) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 19: Global: Plant-Based Meat (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 20: Global: Plant-Based Meat (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 21: Global: Plant-Based Meat (Soy) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 22: Global: Plant-Based Meat (Soy) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 23: Global: Plant-Based Meat (Wheat) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 24: Global: Plant-Based Meat (Wheat) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 25: Global: Plant-Based Meat (Peas) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 26: Global: Plant-Based Meat (Peas) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 27: Global: Plant-Based Meat (Other Sources) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 28: Global: Plant-Based Meat (Other Sources) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 29: Global: Plant-Based Meat (Chicken) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 30: Global: Plant-Based Meat (Chicken) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 31: Global: Plant-Based Meat (Beef) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 32: Global: Plant-Based Meat (Beef) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 33: Global: Plant-Based Meat (Pork) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 34: Global: Plant-Based Meat (Pork) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 35: Global: Plant-Based Meat (Other Meat Types) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 36: Global: Plant-Based Meat (Other Meat Types) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 37: Global: Plant-Based Meat (Restaurants and Catering Industry) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 38: Global: Plant-Based Meat (Restaurants and Catering Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 39: Global: Plant-Based Meat (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 40: Global: Plant-Based Meat (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 41: Global: Plant-Based Meat (Convenience and Specialty Stores) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 42: Global: Plant-Based Meat (Convenience and Specialty Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 43: Global: Plant-Based Meat (Online Retail) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 44: Global: Plant-Based Meat (Online Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 45: North America: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 46: North America: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 47: United States: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 48: United States: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 49: Canada: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 50: Canada: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 51: Europe: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 52: Europe: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 53: United Kingdom: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 54: United Kingdom: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 55: Germany: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 56: Germany: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 57: Italy: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 58: Italy: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 59: France: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 60: France: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 61: Netherlands: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 62: Netherlands: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 63: Sweden: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 64: Sweden: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 65: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 66: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 67: Asia Pacific: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 68: Asia Pacific: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 69: China: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 70: China: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 71: Australia: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 72: Australia: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 73: South Korea: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 74: South Korea: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 75: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 76: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 77: Latin America: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 78: Latin America: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 79: Brazil: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 80: Brazil: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 81: Mexico: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 82: Mexico: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 83: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 84: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 85: Middle East and Africa: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 86: Middle East and Africa: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 87: Turkey: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 88: Turkey: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 89: Saudi Arabia: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 90: Saudi Arabia: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 91: UAE: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 92: UAE: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 93: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 94: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 95: Global: Plant-Based Meat Industry: SWOT Analysis
  • Figure 96: Global: Plant-Based Meat Industry: Value Chain Analysis
  • Figure 97: Global: Plant-Based Meat Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Plant-Based Meat Market: Key Industry Highlights, 2020 & 2026
  • Table 2: Global: Plant-Based Meat Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
  • Table 3: Global: Plant-Based Meat Market Forecast: Breakup by Source (in Million US$), 2021-2026
  • Table 4: Global: Plant-Based Meat Market Forecast: Breakup by Meat Type (in Million US$), 2021-2026
  • Table 5: Global: Plant-Based Meat Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
  • Table 6: Global: Plant-Based Meat Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 7: Global: Plant-Based Meat Market: Competitive Structure
  • Table 8: Global: Plant-Based Meat Market: Key Players
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