PUBLISHER: Value Market Research | PRODUCT CODE: 1352867
PUBLISHER: Value Market Research | PRODUCT CODE: 1352867
The global demand for Plant-based Meat Market is presumed to reach the market size of nearly USD 40.15 BN by 2030 from USD 9.91 BN in 2022 with a CAGR of 16.82% under the study period 2023 - 2030.
Plant-based meat has emerged as a way for vegetarians to satisfy their meat cravings while remaining vegan-friendly and cruelty-free. Plant-based meat is meat derived from plants. Plant-based meat is produced to look, taste, and feel like traditional meat made from animal products. Plant-based meat is healthier when consumed in the right quantity as it is lower in calories and saturated fats. Plant-based meat includes coconut oil, vegetable protein extract and beet juice. Plant-based meat also offers more nutritional benefits than regular meat.
The increasing awareness about the benefits of a vegan diet is one of the major factors for growing plant-based meat products worldwide. Also, a substantial increase in the vegan population fuels market growth. Moreover, celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for plant-based meat in the global market. Furthermore, urban consumers welcome the idea of plant-based meat food as a rich source of protein. Along with this, increasing awareness regarding nutrient contents and rising consumer concerns regarding animal welfare are expected to propel the industry's growth. In addition, launching new products by manufacturers similar to meat in terms of flavour, texture, colour, and taste increases product demand. However, the population allergic to plant-based meat sources consumption may hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of plant-based meat. The growth and trends of plant-based meat industry provide a holistic approach to this study.
This section of the plant-based meat market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Plant-based Meat market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plant-based meat market include Beyond Meat (US), Kellogg Company (US), Impossible Foods Inc. (US), Maple Leaf Foods (Canada), Unilever (UK), Conagra Foods (US), Tofurky (US), Gold&Green Foods Ltd (Finland), Sunfed (New Zealand), and Monde Nissin (Philippines). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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