Plant - Based Meat Market by Source (Soy, Wheat, and Pea), Product (Burger Patties, Sausages, Strips & Nuggets, and Meatballs), Type (Chicken, Beef, and Pork) - Global Analysis & Forecast 2019-2030

Report ID : 121  |  Published Date : Nov 2019  |  Pages : 240  |  Region : Global  |  Report Code : OTH-11





Plant - Based Meat Market Overview and Introduction

Global Plant Based Meat Market is estimated to be over US$ 12 billion in 2019. It is anticipated to grow at a CAGR of 15.0% from 2019 to 2030.

Plant-based meat is a substitute for animal meat. It serves as an alternative to meat and a similar amount of protein content. Plant-based meat is more sustainable and environmental friendly when compared with conventional meat products. These products are popular among the vegan population for they serve as substitutes for conventional meat. The primary ingredients in plant-based meat substitutes include soybean, wheat, lentils, tofu, and a variety of nuts.

The increasing trend of the plant-based meat is largely driven by the emergence of the vegan population as well as increasing numbers of vegetarians and flexitarians. Furthermore, several government initiatives are also boosting plant-based meat markets. However, high costs associated with plant-based meat substitutes are likely to restrain market growth.

Plant - Based Meat Market

Plant - Based Meat Market by Type, Material, End User, by Source & by Product

The global plant-based meat market is segmented by source, by product, by type, and by region. Based on source, the market can be segmented into soy, wheat, pea, and others. The soy segment is estimated to account for the largest market share. The large share of this segment can be attributed to its high protein content, high iron content, low saturated fat content, and meat-like texture, among others. Based on products, the market can be segmented into burger patties, sausages, strips & nuggets, meatballs, and others. In terms of revenue, the burger patties segment is estimated to account for the largest market share owing to its high protein, vitamin, and mineral content. Similarly, based on type, the plant-based meat market can be segmented into chicken, beef, pork, and others. The chicken segment is estimated to grow at a robust CAGR during the forecast period. Chicken is loaded with large amounts of nutrition owing to its rich fat, protein, and cholesterol content. Also to make it taste like conventional chicken, major companies add ingredients such as pea protein and coconut or canola oil.

Plant - Based Meat Market by Regions

The global plant-based meat market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific is estimated to account for the largest market share owing to the increasing awareness about plant-based meat products among consumers. Moreover, Asia Pacific is expected to witness the highest CAGR with market growth centered in China, Korea, Japan, and India. In Asia Pacific, the Chinese market is estimated to witness substantial growth owing to the increasing demand from consumers for meatless food products.

Plant - Based Meat Market Prominent Players

Some of the prominent players operating in the global plant-based meat market are Beyond Meat, Impossible Food Inc., Maple Leaf Foods, Archer Daniels Midland Company, The Vegetarian Butcher, Gardein (Conagra Brands, Inc.), MorningStar Farms (Kellogg NA Co.), Quorn, Amy's Kitchen, Inc., and Tofurky, among others.

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
      1.  Market Classification
      2.  Geographic Scope
      3.  Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
    3. Currency Used
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1.  Secondary Sources
      2.  Primary Sources
    4. Market Estimation Methodology
      1.  Bottom Up Approach
      2.  Top Down Approach
    5. Data Validation and Triangulation
      1.  Market Forecast Model
      2.  Limitations/Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESSMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY SOURCE
    1. Soy
    2. Wheat
    3. Pea
    4. Others
  6. GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY PRODUCT 
    1. Burger Patties
    2. Sausages
    3. Strips & Nuggets
    4. Meatballs
    5. Others
  7. GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY TYPE
    1. Chicken
    2. BEEF
    3. Pork
    4. Others
  8. GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY REGION
    1.   North America Plant-based Meat Market
      1.  North America Plant-based Meat Market, By Country
        1.  US
        2.  Canada
      2. North America Plant-based Meat Market Analysis & Forecast, By Source
      3. North America Plant-based Meat Market Analysis & Forecast, By Product
      4. North America Plant-based Meat Market Analysis & Forecast, By Type
    2. Europe Plant-based Meat Market
      1. Europe Plant-based Meat  Market, By Country/Region
        1. Germany
        2. UK
        3. France
        4. Rest of Europe (ROE)
      2. Europe Plant-based Meat Market Analysis & Forecast, By Source
      3. Europe Plant-based Meat Market Analysis & Forecast, By Product
      4. Europe Plant-based Meat Market Analysis & Forecast, By Type
    3. Asia Pacific Plant-based Meat Market
      1. Asia Pacific Plant-based Meat  Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific Plant-based Meat Market Analysis & Forecast, By Source
      3. Asia Pacific Plant-based Meat Market Analysis & Forecast, By Product
      4. Asia Pacific Plant-based Meat Market Analysis & Forecast, By Type
    4.   Rest of the World (ROW) Plant-based Meat Market
      1. Rest of the World Plant-based Meat Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World Plant-based Meat Market Analysis & Forecast, By Source
      3. Rest of the World Plant-based Meat Market Analysis & Forecast, By Product
      4. Rest of the World Plant-based Meat Market Analysis & Forecast, By Type
  9. COMPETITIVE LANDSCAPE
    1. Key Players & Their Competitive Positioning (2018)
    2. Key Strategies Assessment
      1. New Product Launches
      2. Merger & Acquisitions
      3. Agreements, Collaborations, & Partnerships
      4. Expansions
      5. Other Strategies
  10. COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
    1.   Beyond Meat
    2.   Impossible Food Inc.
    3.   Maple Leaf Foods
    4.   Archer Daniels Midland Company
    5.   The Vegetarian Butcher
    6.   Gardein (Conagra Brands, Inc.)
    7.   MorningStar Farms (Kellogg NA Co.)
    8.   Quorn
    9.   Amy's Kitchen, Inc.
    10. Tofurky

*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in the public domain.