Asia Pacific Plant-based Meat Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Category, and Distribution Channel

List of Tables

The APAC plant-based meat products market is expected to grow from US$ 1,293.16 million in 2021 to US$ 3,604.29 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2021 to 2028.

Plant-based meat products cost more than animal meat products due to supply-chain constraints and high ingredient costs and production expenses. For years, meat producers have been producing animal meat products on a large scale while keeping prices low. Companies that manufacture plant-based meat do not have the same economies of scale as animal-based companies. As a result, the production cost of plant-based meat is high. Moreover, plant-based meat manufacturers have to invest high amount in research and development and quality analysis to provide similar texture and flavor of conventional meat to plant-based meat products. This factor also increases the overall cost of the product. Furthermore, plant-based meat manufacturers have to incur the high cost of sourcing the ingredients and raw materials, including soy protein, pea protein, flavors, stabilizers, and texturizers. Thus, the high price of raw materials coupled with lower production volumes increases the overall price of the product, hindering the growth of the market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.

APAC Plant-based Meat Products Market Revenue and Forecast to 2028 (US$ Million )

APAC Plant-based Meat Products Market Segmentation

The APAC plant-based meat products Market is segmented based on by type, category, distribution channel, and country. Based on type, the APAC plant-based meat products Market is divided into patties, nuggets, meatballs, sausages, and others. The patties dominated the APAC plant-based meat products Market in 2020. Based on category, the APAC plant-based meat products Market is categorized into frozen, refrigerated, and ambient. The frozen segment dominated the APAC plant-based meat products Market in 2020. Based on distribution channel, the APAC plant-based meat products Market is categorized into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment dominated the APAC plant-based meat products Market in 2020. Based on country, the APAC plant-based meat products Market is segmented into China, Japan, India, South Korea, Australia, and Rest of APAC. The China segment dominated the APAC plant-based meat products Market in 2020.

Kellogg's Company, Tofurky, VBites Foods Ltd, Quorn, and Impossible Foods Inc. by Altair are among the leading companies in the APAC plant-based meat products market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC plant based meat products Market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC plant based meat products Market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC plant based meat products Market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00025598

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis Formulation:
- 3.2.4 Macro-economic Factor Analysis:
- 3.2.5 Developing Base Number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country Level Data:

4. APAC Plant Based Meat Products Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
- 4.4.1 Raw Material
- 4.4.2 Manufacturing/Processing
- 4.4.3 Packaging

5. APAC Plant Based Meat Products Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Importance of Environment Sustainability
- 5.1.2 Increasing Veganism and Vegetarianism Trends
5.2 Market Restraints
- 5.2.1 Product Price is Costly
5.3 Market Opportunities
- 5.3.1 Surging Demand in Emerging APAC Region
5.4 Future Trends
- 5.4.1 Development of New Products
5.5 Impact Analysis of Drivers and Restraints

6. Plant Based Meat Products - APAC Market Analysis

6.1 APAC Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)

7. APAC Plant Based Meat Products Market Analysis - By Type

7.1 Overview
7.2 APAC Plant Based Meat Products Market, By Type (2020 and 2028)
7.3 Patties
- 7.3.1 Overview
- 7.3.2 Patties: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Nuggets
- 7.4.1 Overview
- 7.4.2 Nuggets: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Meatballs
- 7.5.1 Overview
7.6 Meatballs: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Sausages
- 7.7.1 Overview
- 7.7.2 Sausages: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)

8. APAC Plant Based Meat Products Market Analysis - By Category

8.1 Overview
8.2 APAC Plant Based Meat Products Market, By Category (2020 and 2028)
8.3 Frozen
- 8.3.1 Overview
- 8.3.2 Frozen: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Refrigerated
- 8.4.1 Overview
- 8.4.2 Refrigerated: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Ambient
- 8.5.1 Overview
- 8.5.2 Ambient: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)

9. APAC Plant Based Meat Products Market Analysis - By Distribution Channel

9.1 Overview
9.2 APAC Plant Based Meat Products Market, By Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
- 9.3.1 Overview
- 9.3.2 Supermarkets and Hypermarkets: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
- 9.4.1 Overview
- 9.4.2 Convenience Stores: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
- 9.5.1 Overview
- 9.5.2 Online Retail: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)

10. APAC Plant Based Meat Products Market - Country Analysis

10.1 Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028
- 10.1.1 Asia Pacific Plant Based Meat Products Market Breakdown, by Key Countries
  - 10.1.1.1 Australia Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
    - 10.1.1.1.1 Australia Plant Based Meat Products Market Breakdown by Type
    - 10.1.1.1.2 Australia Plant Based Meat Products Market Breakdown by Category
    - 10.1.1.1.3 Australia Plant Based Meat Products Market Breakdown by Distribution Channel
  - 10.1.1.2 China Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
    - 10.1.1.2.1 China Plant Based Meat Products Market Breakdown by Type
    - 10.1.1.2.2 China Plant Based Meat Products Market Breakdown by Category
    - 10.1.1.2.3 China Plant Based Meat Products Market Breakdown by Distribution Channel
  - 10.1.1.3 India Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
    - 10.1.1.3.1 India Plant Based Meat Products Market Breakdown by Type
    - 10.1.1.3.2 India Plant Based Meat Products Market Breakdown by Category
    - 10.1.1.3.3 India Plant Based Meat Products Market Breakdown by Distribution Channel
  - 10.1.1.4 Japan Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
    - 10.1.1.4.1 Japan Plant Based Meat Products Market Breakdown by Type
    - 10.1.1.4.2 Japan Plant Based Meat Products Market Breakdown by Category
    - 10.1.1.4.3 Japan Plant Based Meat Products Market Breakdown by Distribution Channel
  - 10.1.1.5 South Korea Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
    - 10.1.1.5.1 South Korea Plant Based Meat Products Market Breakdown by Type
    - 10.1.1.5.2 South Korea Plant Based Meat Products Market Breakdown by Category
    - 10.1.1.5.3 South Korea Plant Based Meat Products Market Breakdown by Distribution Channel
  - 10.1.1.6 Rest of Asia Pacific Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of Asia Pacific Plant Based Meat Products Market Breakdown by Type
    - 10.1.1.6.2 Rest of Asia Pacific Plant Based Meat Products Market Breakdown by Category
    - 10.1.1.6.3 Rest of Asia Pacific Plant Based Meat Products Market Breakdown by Distribution Channel

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. Company Profiles

12.1 Kellogg's Company
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Tofurky
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 VBites Foods Ltd
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Quorn
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Impossible Foods Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index