Plant-Based Meat market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. The use of established statistical tools and coherent models for analysis and forecasting of market data makes this Plant-Based Meat report outshining.
Global plant-based meat market is expected to rise to an estimated value of USD 284.53 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing awareness regarding the benefits associated with consumption of these products over conventional meat.
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Global Plant-Based Meat Market By Source (Soy, Wheat, Pea, Mycoprotein, Gluten Others), Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Others), Type (Pork, Beef, Chicken, Fish, Tofu, Tempeh, Quorn, Mushroom, Seitan, RTC/RTE, Natto, Others), Process (Grinding, Mixing, Blending, Forming/Shaping, Freezing Systems, Storage), End-Use (Retail, Industrial), Distribution Channel (B2B, B2C), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Plant-Based Meat Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Plant-Based Meat Market
Plant-based meat is a category of food products that are sourced from vegan sources not utilizing any meat, but providing similar functionality and taste. These products provide similar nutritional value and the creation of these products involves the usage of only vegan, sustainable and environmental friendly ingredients. These products were designed to counter the significant consumption of meats having a drastic impact on the environment.
Key Questions Answered in Global Plant-Based Meat Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Plant-Based Meat Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Plant-Based Meat Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Plant-Based Meat Market?
- Who are Opportunities, Risk and Driving Force of Global Plant-Based Meat Market?
- Who are the opportunities and threats faced by the vendors in Global Plant-Based Meat Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Plant-Based Meat Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Impossible Foods Inc.;
- Gold&Green Foods Ltd.;
- VBites Foods Limited;
- Maple Leaf Foods;
- Beyond Meat.;
- Vegetarian Butcher;
- Conagra Brands, Inc.;
- Marlow Foods;
- KELLOGG NA CO.;
- Amy’s Kitchen, Inc.;
- Atlantic Natural Foods;
- Fry Family Food;
- Nutrisoy Pty Ltd;
- Nasoya Foods USA, LLC, a division of Pulmuone Foods USA, Inc.;
- Sweet Earth Foods;
- Hügli Holding AG;
- LIGHTIFE FOODS, INC.
- Taifun-Tofu GmbH.
- Significant rise in the levels of population adopting vegan products and solutions; this factor is expected to drive the growth of the market
- Rising levels of investments and initiatives undertaken by the government to provide environmental-friendly, sustainable food products; this factor is expected to drive the growth of the market
- Increased levels of innovations, investments and products provided by various food manufacturers; this factor is expected to drive the growth of the market
- Certain groups of population allergic to gluten and soy which are used as source for these products is expected to restrain the growth of the market
- Lack in the presence of products in the developing regions along with the costs associated with these products; this factor is expected to restrain the market growth
Key Developments in the Market:
- In May 2019, Impossible Foods Inc. announced that they had accumulated USD 300 million from its latest funding round. This funding will enable them to meet the demand that they have failed to realize till now by extending their operating hours and enhancing their production capacity. Impossible Foods has raised more than $750 million, with help from investors like Bill Gates,Google Ventures and Serena Williams.
- In December 2018, Unilever announced that they had acquired Vegetarian Butcher for the expansion of their offerings and products in the plant-based foods. This acquisition will further enable better capabilities of plant-based products which are in demand due to their environmental and health benefits. Currently, Unilever is selling nearly 700 products with V-label in Europe. In the Netherlands, these include products from Unox, Knorr, Hellmann’s, Conimex and Ben & Jerry’s brands.
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Global Plant-Based Meat Market is segmented on the basis of
- Distribution Channel
Market Segmentations in Details:
- Burger Patties
- Strips & Nuggets
- Freezing Systems
By Distribution Channel
- Business-To-Business (B2B)
- Business-To-Consumer (B2C)
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Plant-Based Meat Market
Global plant-based meat market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant-based meat market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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