FOOD & BEVERAGE
Global Plant-based Meat Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Plant-based Meat Market, By Source (Soy, Wheat, Pea, Mycoprotein, Gluten, and Others), Type (Pork, Beef, Chicken, Fish, Tofu, Tempeh, Quorn, Mushroom, Seitan, RTC/RTE, Natto and Others), Product (Burger Patties, Sausages, Strips and Nuggets, Meatballs, Tenders and Cutlets, Grounds, and Others), Process (Grinding, Mixing, Blending, Forming/Shaping, Freezing Systems, and Storage), Distribution Channel (Online Platforms, E-Commerce, Company Owned Websites, Offline Platforms, Retail Outlets, and Food Services), Storage (Refrigerated Plant Based Meat, Frozen Peas Based Meat, and Shelf Stable Plant Based Meat), End User (Households, Food Industry, HoReCA, Hotels, Restaurants, and Cafe), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Plant-based Meat market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
The plant-based meat market refers to the segment of the food industry that produces meat substitutes derived from plant sources. Plant-based meat refers to food products that mimic traditional meat in taste, texture, and appearance but are made entirely from plant-based ingredients. These products are designed to appeal to consumers looking for alternatives to animal-derived meat for various reasons, including health, environmental sustainability, and ethical considerations. Plant-based meats typically use ingredients such as soybeans, peas, wheat gluten, mushrooms, and other plant sources and techniques such as extrusion, fermentation, and flavoring are used to achieve textures resembling beef, chicken, pork, or other meats.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing consumer demand for healthier alternatives
- Animal rights advocacy
RESTRAINTS
- Taste and texture differences compared to animal-derived meats
- Limited product availability and accessibility
OPPORTUNITIES
- Product innovation and diversification
- Nutritional enhancement
CHALLENGES
- Scaling up production
- Supply chain disruptions
SEGMENTATION
- Source
- Soy
- Wheat
- Pea
- Mycoprotein
- Gluten
- Others
- Type
- Pork
- Beef
- Chicken
- Fish
- Tofu
- Tempeh
- Quorn
- Mushroom
- Seitan
- RTC/RTE
- Natto
- Others
- Product
- Burger Patties
- Sausages
- Strips and Nuggets
- Meatballs
- Tenders and Cutlets
- Grounds
- Others
- Process
- Grinding
- Mixing
- Blending
- Forming/Shaping
- Freezing Systems
- Storage
- Distribution Channel
- Online Platforms
- E-Commerce
- Company Owned Websites
- Offline Platforms
- Retail Outlets
- Food Services
- Storage
- Refrigerated Plant Based Meat
- Frozen Peas Based Meat
- Shelf Stable Plant Based Meat
- End User
- Households
- Food Industry
- HoReCA
- Hotels
- Restaurants
- Cafe
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Beyond Meat.
- Impossible Foods Inc.
- Maple Leaf Foods.
- Unilever.
- Kellogg Co.
- Tofurky
- Valio Oy
- Sunfed
- LIVEKINDLY Collective
- Gooddot
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Plant-based Meat Market, by Source
- 3.2 Global Plant-based Meat Market, by Type
- 3.3 Global Plant-based Meat Market, by Product
- 3.4 Global Plant-based Meat Market, by Process
- 3.5 Global Plant-based Meat Market, by Distribution Channel
- 3.6 Global Plant-based Meat Market, by Storage
- 3.7 Global Plant-based Meat Market, by End User
- 3.8 Global Plant-based Meat Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Consumer interest in plant-based diets
- 5.1.2 Global market expansion
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing consumer demand for healthier alternatives
- 5.2.2 Animal rights advocacy
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Taste and texture differences compared to animal-derived meats
- 5.3.2 Limited product availability and accessibility
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Product innovation and diversification
- 5.4.2 Nutritional enhancement
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Scaling up production
- 5.5.2 Supply chain disruptions
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL PLANT-BASED MEAT MARKET, BY SOURCE
- 6.1 Source Summary
- 6.2 Market Attractive Index
- 6.3 Global Plant-based Meat Market, by Source (2019-2032)
- SECTION 7 - GLOBAL PLANT-BASED MEAT MARKET, BY TYPE
- 7.1 Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Plant-based Meat Market, by Type (2019-2032)
- SECTION 8 - GLOBAL PLANT-BASED MEAT MARKET, BY PRODUCT
- 8.1 Product Summary
- 8.2 Market Attractive Index
- 8.3 Global Plant-based Meat Market, by Product (2019-2032)
- SECTION 9 - GLOBAL PLANT-BASED MEAT MARKET, BY PROCESS
- 9.1 Process Summary
- 9.2 Market Attractive Index
- 9.3 Global Plant-based Meat Market, by Process (2019-2032)
- SECTION 10 - GLOBAL PLANT-BASED MEAT MARKET, BY DISTRIBUTION CHANNEL
- 10.1 Distribution Channel Summary
- 10.2 Market Attractive Index
- 10.3 Global Plant-based Meat Market, by Distribution Channel (2019-2032)
- SECTION 11 - GLOBAL PLANT-BASED MEAT MARKET, BY STORAGE
- 11.1 Storage Summary
- 11.2 Market Attractive Index
- 11.3 Global Plant-based Meat Market, by Storage (2019-2032)
- SECTION 12 - GLOBAL PLANT-BASED MEAT MARKET, BY END USER
- 12.1 End User Summary
- 12.2 Market Attractive Index
- 12.3 Global Plant-based Meat Market, by End User (2019-2032)
- SECTION 13 - GLOBAL PLANT-BASED MEAT MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Plant-based Meat Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA PLANT-BASED MEAT MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Plant-based Meat Market, by Source (2019-2032)
- 14.4 North America Plant-based Meat Market, by Type (2019-2032)
- 14.5 North America Plant-based Meat Market, by Product (2019-2032)
- 14.6 North America Plant-based Meat Market, by Process (2019-2032)
- 14.7 North America Plant-based Meat Market, by Distribution Channel (2019-2032)
- 14.8 North America Plant-based Meat Market, by Storage (2019-2032)
- 14.9 North America Plant-based Meat Market, by End User (2019-2032)
- 14.10 North America Plant-based Meat Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE PLANT-BASED MEAT MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Plant-based Meat Market, by Source (2019-2032)
- 15.4 Europe Plant-based Meat Market, by Type (2019-2032)
- 15.5 Europe Plant-based Meat Market, by Product (2019-2032)
- 15.6 Europe Plant-based Meat Market, by Process (2019-2032)
- 15.7 Europe Plant-based Meat Market, by Distribution Channel (2019-2032)
- 15.8 Europe Plant-based Meat Market, by Storage (2019-2032)
- 15.9 Europe Plant-based Meat Market, by End User (2019-2032)
- 15.10 Europe Plant-based Meat Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC PLANT-BASED MEAT MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Plant-based Meat Market, by Source (2019-2032)
- 16.4 Asia-Pacific Plant-based Meat Market, by Type (2019-2032)
- 16.5 Asia-Pacific Plant-based Meat Market, by Product (2019-2032)
- 16.6 Asia-Pacific Plant-based Meat Market, by Process (2019-2032)
- 16.7 Asia-Pacific Plant-based Meat Market, by Distribution Channel (2019-2032)
- 16.8 Asia-Pacific Plant-based Meat Market, by Storage (2019-2032)
- 16.9 Asia-Pacific Plant-based Meat Market, by End User (2019-2032)
- 16.10 Asia-Pacific Plant-based Meat Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA PLANT-BASED MEAT MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Plant-based Meat Market, by Source (2019-2032)
- 17.4 South America Plant-based Meat Market, by Type (2019-2032)
- 17.5 South America Plant-based Meat Market, by Product (2019-2032)
- 17.6 South America Plant-based Meat Market, by Process (2019-2032)
- 17.7 South America Plant-based Meat Market, by Distribution Channel (2019-2032)
- 17.8 South America Plant-based Meat Market, by Storage (2019-2032)
- 17.9 South America Plant-based Meat Market, by End User (2019-2032)
- 17.10 South America Plant-based Meat Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA PLANT-BASED MEAT MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Plant-based Meat Market, by Source (2019-2032)
- 18.4 Middle East and Africa Plant-based Meat Market, by Type (2019-2032)
- 18.5 Middle East and Africa Plant-based Meat Market, by Product (2019-2032)
- 18.6 Middle East and Africa Plant-based Meat Market, by Process (2019-2032)
- 18.7 Middle East and Africa Plant-based Meat Market, by Distribution Channel (2019-2032)
- 18.8 Middle East and Africa Plant-based Meat Market, by Storage (2019-2032)
- 18.9 Middle East and Africa Plant-based Meat Market, by End User (2019-2032)
- 18.10 Middle East and Africa Plant-based Meat Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Plant-based Meat Market, Company Share Analysis
- 19.2 North America Plant-based Meat Market, Company Share Analysis
- 19.3 Europe Plant-based Meat Market, Company Share Analysis
- 19.4 Asia-Pacific Plant-based Meat Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Beyond Meat.
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 Impossible Foods Inc.
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Maple Leaf Foods.
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Unilever.
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Kellogg Co.
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Tofurky
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Valio Oy
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 Sunfed
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 LIVEKINDLY Collective
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Gooddot
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.