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PLANT-BASED MEAT MARKET SIZE WAS VALUED AT USD 6.42 BILLION IN 2021 AND IS EXPECTED TO REACH USD 18.02 BILLION BY 2027, GROWING AT A CAGR OF 19% DURING 2022-2027
Plant-Based Meat Market Size, Share, & Trends Analysis by
- Source Type (Soy, Pea, Wheat, and Others)
- Meat Type (Beef, Chicken, Pork, Fish, and Others)
- Storage (Frozen, Refrigerated, and Shelf Stable)
- Product (Burger Patties, Sausages, Strips and Nuggets, Meatballs and Others)
- Distribution (Super Markets and Hypermarkets, Convenience Stores, Speciality Stores, Online, and Others)
- Geography (North America, Europe, APAC, Latin America and the Middle East and Africa)
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2022–2027
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
GLOBAL PLANT-BASED MEAT MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| PLANT-BASED MEAT MARKET SIZE (2027) | USD 18.01 BILLION |
| MARKET SIZE (2021) | USD 6.4 BILLION |
| CAGR (2022-2027) | 19% |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2022 – 2027 |
| MARKET SEGMENTS | Source Type, Meat Type, Storage, Product, Distribution, and Geography |
| GEOGRAPHICAL ANALYSIS | North America, Europe, APAC, Latin America and Middle East and Africa |
| KEY PLAYERS | Beyond Meat, Gardein, Impossible foods, Quorn foods, Turtle Island Foods, Morningstar farms, Pure Farmland, Field Roast, Sunfed, Hungry planet, Tyson Foods, Good Catch, Like meat, LightLife, The Vegetarian Butcher, Vbites Food Limited, Yves Veggie Cuisine |
MARKET INSIGHTS
The global plant-based meat market is expected to reach USD 18.01 billion by 2027 growing at a CAGR of 18.77% from 2022-2027. The Plant-based meat market can radically change the food industry as plant-based products offer alternative better protein sources. They deliver complete culinary experiences of meat without harming animals. Apart from taste, they also contain various micronutrients, such as iron and vitamin B complex, fiber, and lower saturated fats and calories. The meaty texture, juiciness, and fibrous consistency have increased the demand in the global plant-based meat market.
With increased demand, the global meat alternatives, including plant-based and lab-grown meat substitutes, are predicted to account for 10% of the global plant-based meat market by 2029. Beyond Meat is one of the makers in the plant-based meat market that emphasize the product's nutritional benefits, with health being one of the key factors motivating customers to limit their meat intake. The efforts of various welfare organizations to increase consumer awareness and the growing interest of consumers in a vegetarian lifestyle contribute to the growth of the global plant-based meat market. Most consumers are moving toward veganism for health and ethical reasons to avoid animal cruelty.
Europe is the largest plant-based meat market, accounting for around 36.17%. The U.S. and Western Europe are the largest markets for plant-based meat. However, the APAC region is predicted to grow faster, with a CAGR of 18.94% during the forecast period. The plant-based meat market has attracted substantial investment and increasing government attention due to its better potential for production efficiency, lower input and processing costs, and lower impact on diet-related disorders. Rising environmental, food, and health security problems from traditional protein production methods are changing public mood toward plant-based alternatives in industrialized countries such as the U.S. and Europe.
IMPACT OF COVID-19
During COVID-19, the inclination toward plant-based foods led to massive growth in the global plant-based meat market since people have become more cautious about their diets. Despite the pandemic impact on the food industry, the vegan industry experienced showed substantial growth. This shows a growing appetite for more sustainable alternatives to the old method of meat consumption. Further, numerous food joints are emerging with the idea of introducing a wide range of vegetarian products into their business. Plant-based meat has been used widely in burgers, burritos, pizzas, and curries.
The factors driving the global plant-based meat market growth are:
- Growing Demand for Clean Labelling
- Increasing Investment in Plant-Based Market
- Developing Product Innovation and Technology
- Government Policy and Safety Standards
- Increasing Consumer Awareness
- Growing Concerns for Animal Rights and Environment
- Growing Spirituality
SEGMENTATION ANALYSIS
INSIGHTS BY SOURCE TYPE
Soy is the most widely used protein source type and accounts for the most significant global plant-based meat market share. Soy-based meats are cholesterol-free and rich in fiber, vitamins, and other nutrients. Key players such as Impossible Foods and Quorn Foods use soy as a protein source for making products such as burgers and sausages. However, there is likely to be a drop in demand for soy during the forecast period. Since some consumers have soy allergies, players look forward to allergy-free protein sources such as pea.
Further, consumers are shifting their choice toward pea-based products due to their high nutrition profile and rich protein content. Pea protein is the fastest-growing segment due to its non-allergic factor as it serves as an alternative for consumers with a soy allergy. Pea is also a clean label ingredient grown in 84 countries, constituting the largest percentage of global pulse production. Pea is a key ingredient in the plant-based meat market for many leading players, such as Beyond Meat and Tyson. These companies focus on yellow peas to make products such as bacon and tuna.
INSIGHTS BY MEAT TYPE
Among the meat type segment, beef is considered the most valuable protein source at the retail level and dominates the global plant-based meat market. Beef experiences high consumption globally, with the U.S. topping the list, followed by China and Brazil. Beef is mainly consumed in the form of ground beef, which is used in tacos, sausages, and burgers. This has allowed plant-based beef manufacturers to develop substitutes for beef, which would be natural, organic, and vegan. Various marketing strategies of the companies and government approaches for consumer awareness related to the cons of eating traditional beef have boosted the growth of the plant-based meat market, thereby reducing the sales of traditional beef.
There is massive scope for plant-based fish products. Consumers are shifting to plant-based fish and sea products due to the rising environmental concerns, and companies are also into manufacturing other alternatives such as lamb. The importance of lamb in middle east countries as a vital cuisine is likely to drive the demand for the plant-based meat market in the lamb segment.
INSIGHTS BY STORAGE
In 2021, the frozen plant-based meat market accounted for 68.23% of the global market share. Although there have been some public discussions regarding the lack of nutritional content in frozen meals, several recent studies have found that frozen foods retain minerals and nutrients as fresh foods, sometimes even better. Consumers are choosing vegan foods from the frozen aisle as their knowledge grows, which is projected to boost the segment's growth throughout the forecast period. Retailers are also encouraging the development of this trend by emphasizing the health benefits of their frozen goods.
The demand for ready-to-cook alternatives encourages manufacturers to go beyond traditional freezer offerings to refrigerated products. The refrigerated and frozen type has seen enormous growth over the last few years.
INSIGHTS BY PRODUCT TYPE
Burger patties dominate the global plant-based meat market by product type. Plant-based burger patties have been in the market for quite some time. All key participants in the plant-based meat industry are continually extending their distribution networks to make plant-based burger patties more widely available and meet customer demand. Burgers are the most widely consumed and widely available substitutes. Several large companies built their businesses around burgers, which were their first and only vegan product. For example, Beyond Meat (U.S.) and Impossible Foods (U.S.) began their plant-based meat businesses with burger products; this area is expected to grow significantly as both companies continue developing and introducing new burger items. Most producers are now concentrating on creating various plant-based chicken analog products.
Plant-based sausages resemble traditional pork sausage in appearance, texture, sizzle, and enjoyment. Companies like Beyond Meat and Lightlife Foods, Inc. are creating juicy and meaty sausage substitutes free of hormones, nitrates, GMOs, nitrites, gluten, and soy. Increasing investments in introducing new and novel flavors to their plant-based sausages, such as hot Italian, sweet Italian, and spinach pesto, is expected to boost product demand.
INSIGHTS BY DISTRIBUTION
The supermarket and hypermarkets dominated the sale of plant-based products accounting for more than half of the plant-based meat market share. According to a survey conducted by The Plant-based Food Organization (PBFA), a trade association representing 170 firms, and Kroger, America's largest supermarket store, plant-based meat sales climbed by 23% when offered in the meat section in the United States. This research confirms that plant-based meat has progressed from a specialized to a mainstream category.
GEOGRAPHICAL ANALYSIS
Europe is the world's largest global plant-based meat market, with a 36.17% market share. Factors such as the region's fast-growing population, widespread commercial and industrial penetration, greater hygiene awareness, and environmental concerns have boosted the demand for plant-based food products. The increase of ethical and health-conscious consumer groups is one of the key factors driving the industry precisely in the United Kingdom.
The plant-based meat market in North America is driven by shifting consumption patterns, expanding flexitarian and vegan diets, rising environmental concerns, and increased demand for "better-for-you" goods. The U.S. is the world's largest market for plant-based meat, which increased by 19.17% in 2021, outpacing the total food and beverage industry in the same year. Increased consumption of vegan food and beverages in North America increases the health benefits of vegan diets. Plant-based goods are consumed by 38.13% of Americans and 46.27% of Canadians due to their health benefits. Health concerns are the most critical factors driving the reduction in meat consumption. However, cost, animal welfare, and global warming are the other prominent factors driving the plant-based meat market.
Asia-Pacific plant-based meat market is one of the developing regions. Due to their ease of digestion, sustainable source, high nutritional content, and non-allergic use in food and drinks from plant-based meat. Consumers in the region are becoming more attracted to plant-based proteins to address the growing need for protein, which fuels the market growth in the APAC region.
KEY COMPANIES & STRATEGIES
The global plant-based meat market is one of the fastest-growing markets in the world. The industry provides innovation that enables consumers to experience animal-based products' taste, texture, and other sensory attributes while enjoying the nutritional and environmental benefits of eating vegan products. Companies attempt to bring consumer awareness since it is a niche market.
Beyond Meat, Gardein, Impossible foods, Quorn foods, Turtle Island Foods, Morningstar farms, Pure Farmland, Field Roast, Sunfed, Hungry planet, Tyson Foods, Good Catch, Like meat, LightLife, The Vegetarian Butcher, Vbites Food Limited, and Yves Veggie Cuisine are the key players in the global plant-based meat market. Vendors in the global industry have primarily focused on attracting customer attention and increasing demand for vegan products. Sellers such as Morning Star are projected to lean towards establishing a pull in the market by exploiting multiple options and definitions of vegan products.
Customers are shifting toward human and environment-friendly products; therefore, traditional food firms are safeguarding their presence by using plant-based items and collaborating with others in the sector to establish a foothold in this quickly emerging field. JBS, one of the world's largest companies, launched its meatless protein in June 2020 and acquired Dutch manufacturer Vivera, Europe's third-largest plant-based foods producer, for USD 408 million (Euro 341M).
Frequently Asked Questions
What is the size of the global plant-based meat market?
What is the growth rate of the global plant-based meat market?
Which region holds the largest global plant-based meat market revenue?
Who are the key players in the plant-based meat market?
Which segment accounts for the largest global plant-based meat market share?
What factors boost the demand for the global plant-based meat market?
The plant-based meat market is expected to grow at a CAGR of around 19% during the period 2022–2027.
Base Year: 2021
Forecast Year: 2022-2027
The report considers the present scenario of the plant-based market and its market dynamics for the period 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.
PROMINENT VENDORS
- Beyond Meat
- Business Overview
- Product Offerings
- Key Strategies
- Key Strengths
- Key Opportunities
- Gardein
- Impossible foods
- Quorn foods
- Turtle Island Foods
- Morningstar farms
- Pure Farmland
- Field Roast
- Sunfed
- Hungry planet
- Tyson Foods
- Good Catch
- Like meat
- LightLife
- The Vegetarian Butcher
- Vbites Food Limited
- Yves Veggie Cuisine
OTHER PROMINENT VENDORS
- Boca Foods Company
- Business Overview
- Product Offerings
- Amy’s Kitchen
- Happy Little Plants
- Next Level
- Abbot’s Butcher
- Atlantic Natural Foods
- Don Lee Farms
- Praeger’s
- Sophie’s Kitchen
Market Segmentation by Source Type
- Soy
- Pea
- Wheat
- Others
Market Segmentation by Meat Type
- Beef
- Chicken
- Pork
- Fish
- Others
Market Segmentation by Storage
- Frozen,
- Refrigerated
- Shelf Stable
Market Segmentation by Product
- Burger Patties
- Sausages
- Strips and Nuggets
- Meatballs
- Others
Market Segmentation by Distribution
- Super Markets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- APAC
- China
- Japan
- Australia
- Latin America
- Mexico
- Brazil
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
LIST OF EXHIBITS
Exhibit 1 Global Plant-Based Meat Market: Segmentation
Exhibit 2 Market Size Calculation Approach 2021
Exhibit 3 Market Dynamics of Flexible Plastic
Exhibit 4 Global Plant-Based Meet Market During COVID-19 2021 (% share)
Exhibit 5 Impact of Growing Demand for Clean Labeling
Exhibit 6 Understanding Clean Label Purchases
Exhibit 7 Impact of Growing Investments in Plant-Based Meat Market
Exhibit 8 Growing Investments in Plant-Based Meat Market
Exhibit 9 Impact of Product and Technology Innovations
Exhibit 10 Impact of Government Policies and Safety Standards
Exhibit 11 Impact of Increasing Consumer Awareness
Exhibit 12 Impact of Concerns Over Animal Rights and Environment
Exhibit 13 Livestock Disrupting Environment 2020 (% share)
Exhibit 14 Impact of Growing Spirituality
Exhibit 15 Impact of Priced Higher Than Traditional Meat
Exhibit 16 Commercialization of Plant-Based Meat
Exhibit 17 Average Retail Prices at US Multi-Outlet Grocery Stores in 52 Weeks Ending July 11, 2021
Exhibit 18 Impact of Perception of Taste of Plant-Based Meat Products
Exhibit 19 Factors Affecting Off Taste of Plant Protein
Exhibit 20 Global Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 21 Five Forces Analysis 2021
Exhibit 22 Incremental Growth by Source 2021 & 2027
Exhibit 23 Global Plant-Based Meat Market by Source-2021-2027 (% revenue)
Exhibit 24 Global Soy-Based Meat Market 2021–2027 ($ million)
Exhibit 25 Global Pea-Based Meat Market 2021–2027 ($ million)
Exhibit 26 Global Wheat-Based Meat Market by 2021–2027 ($ million)
Exhibit 27 Global Others Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 28 Incremental Growth by Meat Type 2021 & 2027
Exhibit 29 Global Plant-Based Meat Market by Meat Type 2021-2027 (% revenue)
Exhibit 30 Global Plant-Based Beef Meat Market 2021–2027 ($ million)
Exhibit 31 Global Plant-Based Chicken Meat Market 2021–2027 ($ million)
Exhibit 32 Global Plant-Based Pork Meat Market 2021–2027 ($ million)
Exhibit 33 Global Plant-Based Fish Meat Market 2021–2027 ($ million)
Exhibit 34 Global Plant-Based Others Meat Market 2021–2027 ($ million)
Exhibit 35 Incremental Growth by Storage 2021 & 2027
Exhibit 36 Global Plant-Based Meat Market by Storage-2021-2027 (% revenue)
Exhibit 37 Global Plant-Based Frozen Meat Market 2021–2027 ($ million)
Exhibit 38 Global Plant-Based Refrigerated Meat Market 2021–2027 ($ million)
Exhibit 39 Global Shelf-Stable Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 40 Incremental Growth by Product Type 2021 & 2027
Exhibit 41 Plant-based Meat Substitutes Market Share by Product Type
Exhibit 42 Global Burger Patties Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 43 Global Sausages Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 44 Global Strips & Nuggets Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 45 Global Meat Balls Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 46 Global Plant-based Meat Market by Others 2021–2027 ($ million)
Exhibit 47 Incremental Growth by Distribution 2021 & 2027
Exhibit 48 Global Plant-Based Meat Market by Distribution 2021-2027 (% revenue)
Exhibit 49 Global Supermarkets & Hypermarkets Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 50 Global Convenience Stores Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 51 Global Plant-Based Meat Market by Specialty Stores 2021–2027 ($ million)
Exhibit 52 Global Online Plant-Based Meat Market 2021–2027 ($ million)
Exhibit 53 Global Plant-Based Meat Market by Other Distribution Channels 2021–2027 ($ million)
Exhibit 54 Incremental Growth by Geography 2021 & 2027
Exhibit 55 Region-Wise Market Share and Growth
Exhibit 56 Top Global Meat Consuming Countries (Grams per person per day)
Exhibit 57 Plant-Based Meat Market in North America 2021–2027 ($ million)
Exhibit 58 Incremental Growth in North America 2021 & 2027
Exhibit 59 Plant-based Meat Market in US 2021–2027 ($ million)
Exhibit 60 Plant-Based Meat Market in Canada 2021–2027 ($ million)
Exhibit 61 Plant-Based Meat Market in Europe 2021–2027 ($ million)
Exhibit 62 Incremental Growth in Europe 2021 & 2027
Exhibit 63 Plant-Based Meat Market in UK 2021–2027 ($ million)
Exhibit 64 Plant-Based Meat Market in Germany 2021–2027 ($ million)
Exhibit 65 Plant-Based Meat Market in France 2021–2027 ($ million)
Exhibit 66 Plant-Based Meat Market in Spain 2021–2027 ($ million)
Exhibit 67 Plant-Based Meat Market in Italy 2021–2027 ($ million)
Exhibit 68 Plant-Based Meat Market in Netherlands 2021–2027 ($ million)
Exhibit 69 Plant-based Meat Market in APAC 2021–2027 ($ million)
Exhibit 70 Incremental Growth in APAC 2021 & 2027
Exhibit 71 Plant-Based Meat Market in China 2021–2027 ($ million)
Exhibit 72 Plant-Based Meat Market in Japan 2021–2027 ($ million)
Exhibit 73 Plant-Based Meat Market in Australia 2021–2027 ($ million)
Exhibit 74 Plant-Based Meat Market in Latin America 2021–2027 ($ million)
Exhibit 75 Incremental Growth in Latin America 2021 & 2027
Exhibit 76 Plant-Based Meat Market in Brazil 2021–2027 ($ million)
Exhibit 77 Plant-Based Meat Market in Mexico 2021–2027 ($ million)
Exhibit 78 Plant-Based Meat Market in Middle East & Africa 2021–2027 ($ million)
Exhibit 79 Incremental Growth in MEA 2021 & 2027
Exhibit 80 Plant-Based Meat Market in UAE 2021–2027 ($ million)
Exhibit 81 Plant-Based Meat Market in Saudi Arabia 2021–2027 ($ million)
Exhibit 82 Plant-Based Meat Market in South Africa 2021–2027 ($ million)
Exhibit 83 Consumers Driven Toward Plant-Based Meat
LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2015−2021
Table 3 Global Plant-Based Meat Market by Source 2021−2027 ($ million)
Table 4 Global Plant-Based Meat Market by Meat Type 2021−2027 ($ million)
Table 5 Global Plant-Based Meat Market by Storage Type 2021−2027 ($ million)
Table 6 Global Plant-Based Meat Market by Meat Type 2021−2027 ($ million)
Table 7 Global Plant-Based Meat Market by Distribution Type 2021−2027 ($ million)
Table 8 Global Soy Production 2021-2022 (million tons)
Table 9 Global Soy-Based Meat Market by Geography 2021−2027 ($ million)
Table 10 Global Pea-Based Meat Market by Geography 2021−2027 ($ million)
Table 11 Global Wheat-Based Meat Market by Geography 2021−2027 ($ million)
Table 12 Global Others Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 13 Global Plant-Based Beef Meat Market by Geography 2021−2027 ($ million)
Table 14 Global Plant-Based Chicken Meat Market by Geography 2021−2027 ($ million)
Table 15 Global Plant-Based Pork Meat Market by Geography 2021−2027 ($ million)
Table 16 Global Plant-Based Fish Meat Market by Geography 2021−2027 ($ million)
Table 17 Global Plant-Based Others Meat Market by Geography 2021−2027 ($ million)
Table 18 Global Frozen Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 19 Global Refrigerated Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 20 Global Shelf-Stable Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 21 Global Burger Patties Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 22 Global Sausages Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 23 Global Strips & Nuggets Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 24 Global Meat Balls Plant-based Meat Market by Geography 2021−2027 ($ million)
Table 25 Global Plant-Based Meat Market by Others: Market by Geography 2021−2027 ($ million)
Table 26 Global Supermarkets and Hypermarkets Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 27 Global Convenience Stores Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 28 Global Specialty Stores Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 29 Global Online Plant-Based Meat Market by Geography 2021−2027 ($ million)
Table 30 Global Plant-Based Meat Market by Other Distribution Channels by Geography 2021−2027 ($ million)
Table 31 Plant-Based Meat Market by Source in North America 2021−2027 ($ million)
Table 32 Plant-based Meat Market by Meat Type in North America 2021−2027 ($ million)
Table 33 Plant-Based Meat Market by Storage Type in North America 2021−2027 ($ million)
Table 34 Plant-Based Meat Market by Product Type in North America 2021−2027 ($ million)
Table 35 Plant-Based Meat Market by Distribution Type in North America 2021−2027 ($ million)
Table 36 Plant-based Meat Market by Source in Europe 2021−2027 ($ million)
Table 37 Plant-based Meat Market by Meat Type in Europe 2021−2027 ($ million)
Table 38 Plant-based Meat Market by Storage Type in Europe 2021−2027 ($ million)
Table 39 Plant-based Meat Market by Product Type in Europe 2021−2027 ($ million)
Table 40 Plant-based Meat Market by Distribution Type in Europe 2021−2027 ($ million)
Table 41 Plant-Based Meat Market by Source in APAC 2021−2027 ($ million)
Table 42 Plant-Based Meat Market by Meat Type in APAC 2021−2027 ($ million)
Table 43 Plant-based Meat Market by Storage Type in APAC 2021−2027 ($ million)
Table 44 Plant-based Meat Market by Product Type in APAC 2021−2027 ($ million)
Table 45 Plant-Based Meat Market by Distribution Type in APAC 2021−2027 ($ million)
Table 46 Plant-Based Meat Market by Source in Latin America 2021−2027 ($ million)
Table 47 Plant-Based Meat Market by Meat Type in Latin America 2021−2027 ($ million)
Table 48 Plant-based Meat Market by Storage Type in Latin America 2021−2027 ($ million)
Table 49 Plant-based Meat Market by Product Type in Latin America 2021−2027 ($ million)
Table 50 Plant-based Meat Market by Distribution Type in Latin America 2021−2027 ($ million)
Table 51 Plant-Based Meat Market by Source in Middle East & Africa 2021−2027 ($ million)
Table 52 Plant-Based Meat Market by Meat Type in Middle East & Africa 2021−2027 ($ million)
Table 53 Plant-Based Meat Market by Storage Type in Middle East & Africa 2021−2027 ($ million)
Table 54 Plant-Based Meat Market by Product Type in Middle East & Africa 2021−2027 ($ million)
Table 55 Plant-Based Meat Market by Distribution Type in Middle East & Africa 2021−2027 ($ million)
Table 56 Average Income Around the World (Top 5)
Table 57 Beyond Meat: Major Product Offerings
Table 58 Gardein: Major Product Offerings
Table 59 Impossible Foods Inc.: Major Product Offerings
Table 60 Morningstar Farms: Major Product Offerings
Table 61 Quorn Foods: Major Product Offerings
Table 62 Turtle Island Foods: Major Product Offerings
Table 63 Pure Farmland: Major Product Offerings
Table 64 Field Roast: Major Products Offerings
Table 65 Sunfed: Major Product Offerings
Table 66 Tyson Foods: Major Product Offerings
Table 67 Good Catch: Major Product Offerings
Table 68 Like Meat: Major Product Offerings
Table 69 Lightlife: Major Product Offerings
Table 70 The Vegetarian Butcher: Major Product Offerings
Table 71 Vbites Food Limited: Major Product Offerings
Table 72 Yves Veggie Cuisine: Major Product Offerings
Table 73 Boca Foods Company: Major Product Offerings
Table 74 Amy’s Kitchen: Major Product Offerings
Table 75 Happy Little Plants: Major Product Offerings
Table 76 Next Level: Major Product Offerings
Table 77 Abbot’s Butcher: Major Product Offerings
Table 78 Atlantic Natural Foods: Major Product Offerings
Table 79 Don Lee Farms: Major Product Offerings
Table 80 Dr. Praeger’s: Major Product Offerings
Table 81 Sophie’s Kitchen: Major Product Offerings
Table 82 Global Plant-based Meat Market by Geography 2021−2027 ($ million)
Table 83 Global Plant-based Meat Market by Source 2021−2027 ($ million)
Table 84 Global Plant-based Meat Market by Meat Type 2021−2027 ($ million)
Table 85 Global Plant-based Meat Market by Storage Type 2021−2027 ($ million)
Table 86 Global Plant-based Meat Market by Meat Type 2021−2027 ($ million)
Table 87 Global Plant-based Meat Market by Distribution Type 2021−2027 ($ million)
Table 88 Plant-based Meat Market by Source in North America 2021−2027 ($ million)
Table 89 Plant-based Meat Market by Meat Type in North America 2021−2027 ($ million)
Table 90 Plant-based Meat Market by Storage Type in North America 2021−2027 ($ million)
Table 91 Plant-based Meat Market by Distribution Type in North America 2021−2027 ($ million)
Table 92 Plant-based Meat Market by Product Type in North America 2021−2027 ($ million)
Table 93 Plant-based Meat Market by Source in Europe 2021−2027 ($ million)
Table 94 Plant-based Meat Market by Meat Type in Europe 2021−2027 ($ million)
Table 95 Plant-based Meat Market by Storage Type in Europe 2021−2027 ($ million)
Table 96 Plant-based Meat Market by Product Type in Europe 2021−2027 ($ million)
Table 97 Plant-based Meat Market by Distribution Type in Europe 2021−2027 ($ million)
Table 98 Plant-based Meat Market by Source in APAC 2021−2027 ($ million)
Table 99 Plant-based Meat Market by Meat Type in APAC 2021−2027 ($ million)
Table 100 Plant-based Meat Market by Storage Type in APAC 2021−2027 ($ million)
Table 101 Plant-based Meat Market by Product Type in APAC 2021−2027 ($ million)
Table 102 Plant-based Meat Market by Distribution Type in APAC 2021−2027 ($ million)
Table 103 Plant-based Meat Market by Source in Latin America 2021−2027 ($ million)
Table 104 Plant-based Meat Market by Meat Type in Latin America 2021−2027 ($ million)
Table 105 Plant-based Meat Market by Storage Type in Latin America 2021−2027 ($ million)
Table 106 Plant-based Meat Market by Product Type in Latin America 2021−2027 ($ million)
Table 107 Plant-based Meat Market by Distribution Type in Latin America 2021−2027 ($ million)
Table 108 Plant-based Meat Market by Source in Middle East & Africa 2021−2027 ($ million)
Table 109 Plant-based Meat Market by Meat Type in Middle East & Africa 2021−2027 ($ million)
Table 110 Plant-based Meat Market by Storage Type in Middle East & Africa 2021−2027 ($ million)
Table 111 Plant-based Meat Market by Product Type in MEA 2021−2027 ($ million)
Table 112 Plant-based Meat Market by Distribution Type in Middle East & Africa 2021−2027 ($ million)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Source
4.3.2 Market Segmentation by Meat Type
4.3.3 Market Segmentation by Storage
4.3.4 Market Segmentation by Product
4.3.5 Market Segmentation by Distribution
4.3.6 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Key Risk Factors Involved in Plant-Based Meat Market
7.1.2 Packaging Insights
7.2 Impact of Covid-19 On Plant-Based Meat Market
8 Market Opportunities & Trends
8.1 Growing Demand for Clean Labeling
8.2 Growing Investments in Plant-Based Meat Market
8.3 Product and Technology Innovations
8.4 Government Policies and Safety Standards
8.4.1 Regulations in APAC
8.4.2 Regulations In EU
8.4.3 Regulations in The US
9 Market Growth Enablers
9.1 Increasing Consumer Awareness
9.2 Concerns Over Animal Rights and Environment
9.3 Growing Spirituality
10 Market Restraints
10.1 Priced Higher Than Traditional Meat
10.2 Perception of Taste of Plant-Based Meat Products
11 Market Landscape
11.1 Market Overview
11.1.1 Demand Insights
11.2 Market Size & Forecast
11.3 Source
11.3.1 Market Size & Forecast
11.4 Meat Type
11.4.1 Market Size & Forecast
11.5 Storage
11.5.1 Market Size & Forecast
11.6 Product Type
11.6.1 Market Size & Forecast
11.7 Distribution
11.7.1 Market Size & Forecast
11.8 Five Forces Analysis
11.8.1 Threat of New Entrants
11.8.2 Bargaining Power of Suppliers
11.8.3 Bargaining Power of Buyers
11.8.4 Threat of Substitutes
11.8.5 Competitive Rivalry
12 Source Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Soy
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Pea
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
12.5 Wheat
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market by Geography
12.6 Others
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Market by Geography
13 Meat Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Beef
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Chicken
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
13.5 Pork
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market by Geography
13.6 Fish
13.6.1 Market Overview
13.6.2 Market Size & Forecast
13.6.3 Market by Geography
13.7 Others
13.7.1 Market Overview
13.7.2 Market Size & Forecast
13.7.3 Market by Geography
14 Storage
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Frozen
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Refrigerated
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Shelf Stable
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography
15 Product Type
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Burger Patties
15.3.1 Market Size & Forecast
15.3.2 Market by Geography
15.4 Sausages
15.4.1 Market Size & Forecast
15.4.2 Market by Geography
15.5 Strips & Nuggets
15.5.1 Market Size & Forecast
15.5.2 Market by Geography
15.6 Meatballs
15.6.1 Market Size & Forecast
15.6.2 Market by Geography
15.7 Others
15.7.1 Market Size & Forecast
15.7.2 Market by Geography
16 Distribution
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Supermarkets & Hypermarkets
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.3.3 Market by Geography
16.4 Convenience Stores
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.4.3 Market by Geography
16.5 Specialty Stores
16.5.1 Market Overview
16.5.2 Market Size & Forecast
16.5.3 Market by Geography
16.6 Online
16.6.1 Market Overview
16.6.2 Market Size & Forecast
16.6.3 Market by Geography
16.7 Others
16.7.1 Market Overview
16.7.2 Market Size & Forecast
16.7.3 Market by Geography
17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Source
18.3.1 Market Size & Forecast
18.4 Meat Type
18.4.1 Market Size & Forecast
18.5 Storage
18.5.1 Market Size & Forecast
18.6 Product Type
18.6.1 Market Size & Forecast
18.7 Distribution
18.7.1 Market Size & Forecast
18.8 Key Countries
18.8.1 US: Market Size & Forecast
18.8.2 Canada: Market Size & Forecast
19 Europe
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Source
19.3.1 Market Size & Forecast
19.4 Meat Type
19.4.1 Market Size & Forecast
19.5 Storage
19.5.1 Market Size & Forecast
19.6 Product Type
19.6.1 Market Size & Forecast
19.7 Distribution
19.7.1 Market Size & Forecast
19.8 Key Countries
19.8.1 UK: Market Size & Forecast
19.8.2 Germany: Market Size & Forecast
19.8.3 France: Market Size & Forecast
19.8.4 Spain: Market Size & Forecast
19.8.5 Italy: Market Size & Forecast
19.8.6 Netherlands: Market Size & Forecast
20 APAC
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Source
20.3.1 Market Size & Forecast
20.4 Meat Type
20.4.1 Market Size & Forecast
20.5 Storage
20.5.1 Market Size & Forecast
20.6 Product Type
20.6.1 Market Size & Forecast
20.7 Distribution
20.7.1 Market Size & Forecast
20.8 Key Countries
20.8.1 China: Market Size & Forecast
20.8.2 Japan: Market Size & Forecast
20.8.3 Australia: Market Size & Forecast
21 Latin America
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Source
21.3.1 Market Size & Forecast
21.4 Meat Type
21.4.1 Market Size & Forecast
21.5 Storage
21.5.1 Market Size & Forecast
21.6 Product Type
21.6.1 Market Size & Forecast
21.7 Distribution
21.7.1 Market Size & Forecast
21.8 Key Countries
21.8.1 Brazil: Market Size & Forecast
21.8.2 Mexico: Market Size & Forecast
22 Middle East & Africa
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Source
22.3.1 Market Size & Forecast
22.4 Meat Type
22.4.1 Market Size & Forecast
22.5 Storage
22.5.1 Market Size & Forecast
22.6 Product Type
22.6.1 Market Size & Forecast
22.7 Distribution
22.7.1 Market Size & Forecast
22.8 Key Countries
22.8.1 UAE: Market Size & Forecast
22.8.2 Saudi Arabia: Market Size & Forecast
22.8.3 South Africa: Market Size & Forecast
23 Competitive Landscape
23.1 Competition Overview
23.1.1 Consumer Preferences in Plant-Based Meat Market
24 Key Company Profiles
24.1 BEYOND MEAT
24.1.1 Business Overview
24.1.2 Product Offerings
24.1.3 Key Strategies
24.1.4 Key Strengths
24.1.5 Key Opportunities
24.2 GARDEIN
24.2.1 Business Overview
24.2.2 Product Offerings
24.2.3 Key Strategies
24.2.4 Key Strengths
24.2.5 Key Opportunities
24.3 IMPOSSIBLE FOODS INC.
24.3.1 Business Overview
24.3.2 Product Offerings
24.3.3 Key Strategies
24.3.4 Key Strengths
24.3.5 Key Opportunities
24.4 MORNINGSTAR FARMS
24.4.1 Business Overview
24.4.2 Product Offerings
24.4.3 Key Strategies
24.4.4 Key Strengths
24.4.5 Key Opportunities
24.5 QUORN FOODS
24.5.1 Business Overview
24.5.2 Product Offerings
24.5.3 Key Strategies
24.5.4 Key Strengths
24.5.5 Key Opportunities
24.6 TURTLE ISLAND FOODS
24.6.1 Business Overview
24.6.2 Product Offerings
24.6.3 Key Strategies
24.6.4 Key Strengths
24.6.5 Key Opportunities
24.7 PURE FARMLAND
24.7.1 Business Overview
24.7.2 Product Offerings
24.7.3 Key Strategies
24.7.4 Key Strengths
24.7.5 Key Opportunities
24.8 FIELD ROAST
24.8.1 Business Overview
24.8.2 Product Offerings
24.8.3 Key Strategies
24.8.4 Key Strengths
24.8.5 Key Opportunities
24.9 SUNFED
24.9.1 Company Overview
24.9.2 Product Offerings
24.9.3 Key Strategies
24.9.4 Key Strengths
24.9.5 Key Opportunities
24.10 HUNGRY PLANET
24.10.1 Business Overview
24.10.2 Product Offerings
24.10.3 Key Strategies
24.10.4 Key Strengths
24.10.5 Key Opportunities
24.11 TYSON FOODS
24.11.1 Business Overview
24.11.2 Product Offerings
24.11.3 Key Strategies
24.11.4 Key Strengths
24.11.5 Key Opportunities
24.12 GOOD CATCH
24.12.1 Business Overview
24.12.2 Product Offerings
24.12.3 Key Strategies
24.12.4 Key Strengths
24.12.5 Key Opportunities
24.13 LIKE MEAT
24.13.1 Business Overview
24.13.2 Product Offerings
24.13.3 Key Strategies
24.13.4 Key Strengths
24.13.5 Key Opportunities
24.14 LIGHTLIFE
24.14.1 Business Overview
24.14.2 Product Offerings
24.14.3 Key Strategies
24.14.4 Key Strengths
24.14.5 Key Opportunities
24.15 THE VEGETARIAN BUTCHER
24.15.1 Business Overview
24.15.2 Product Offerings
24.15.3 Key Strategies
24.15.4 Key Strengths
24.15.5 Key Opportunities
24.16 VBITES FOOD LIMITED
24.16.1 Business Overview
24.16.2 Product Offerings
24.16.3 Key Strategies
24.16.4 Key Strengths
24.16.5 Key Opportunities
24.17 YVES VEGGIE CUISINE
24.17.1 Business Overview
24.17.2 Product Offerings
24.17.3 Key Strategies
24.17.4 Key Strengths
24.17.5 Key Opportunities
25 Other Prominent Vendors
25.1 BOCA FOODS COMPANY
25.1.1 Business Overview
25.1.2 Product Offerings
25.2 AMY’S KITCHEN
25.2.1 Business Overview
25.2.2 Product Offerings
25.3 HAPPY LITTLE PLANTS
25.3.1 Business Overview
25.3.2 Product Offerings
25.4 NEXT LEVEL
25.4.1 Business Overview
25.4.2 Product Offerings
25.5 ABBOT’S BUTCHER
25.5.1 Business Overview
25.5.2 Product Offerings
25.6 ATLANTIC NATURAL FOOD
25.6.1 Business Overview
25.6.2 Product Offerings
25.7 DON LEE FARMS
25.7.1 Business Overview
25.7.2 Product Offerings
25.8 DR. PRAEGER’S
25.8.1 Business Overview
25.8.2 Product Offerings
25.9 SOPHIE’S KITCHEN
25.9.1 Business Overview
25.9.2 Product Offerings
26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations
27 Quantitative Summary
27.1 Geography
27.1.1 Market Size & Forecast
27.2 Source
27.2.1 Market Size & Forecast
27.3 Meat Type
27.3.1 Market Size & Forecast
27.4 Storage
27.4.1 Market Size & Forecast
27.5 Product Type
27.5.1 Market Size & Forecast
27.6 Distribution
27.6.1 Market Size & Forecast
27.7 North America
27.7.1 Source: Market Size & Forecast
27.7.2 Meat Type: Market Size & Forecast
27.7.3 Storage: Market Size & Forecast
27.7.4 Distribution: Market Size & Forecast
27.7.5 Product Type: Market Size & Forecast
27.8 Europe
27.8.1 Source: Market Size & Forecast
27.8.2 Meat Type: Market Size & Forecast
27.8.3 Storage: Market Size & Forecast
27.8.4 Product Type: Market Size & Forecast
27.8.5 Distribution: Market Size & Forecast
27.9 APAC
27.9.1 Source: Market Size & Forecast
27.9.2 Meat Type: Market Size & Forecast
27.9.3 Storage: Market Size & Forecast
27.9.4 Product Type: Market Size & Forecast
27.9.5 Distribution: Market Size & Forecast
27.10 Latin America
27.10.1 Source: Market Size & Forecast
27.10.2 Meat Type: Market Size & Forecast
27.10.3 Storage: Market Size & Forecast
27.10.4 Product Type: Market Size & Forecast
27.10.5 Distribution: Market Size & Forecast
27.11 Middle East & Africa
27.11.1 Source: Market Size & Forecast
27.11.2 Meat Type: Market Size & Forecast
27.11.3 Storage: Market Size & Forecast
27.11.4 Product Type: Market Size & Forecast
27.11.5 Distribution: Market Size & Forecast
28 Appendix
28.1 Abbreviations
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