Plant-Based Meat Market Revenue, CAGR Growth, Trends, Future Outlook 2021-2027

Global Plant-Based Meat Market by Source (Soy-based, Wheat, Quinoa, Oats and Others (Beans, Nuts, and Pea)), By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles and Others (Chipotle, Bites, Cutlet, etc.)), By Type (Pork, Beef, Chicken, Fish and Others (Lamb & Turkey)), By Distribution Channel (B2C(Grocery Stores, Food & Drinks Specialty Stores, Online Retail, and Hypermarkets/Supermarkets) and B2B), By End-Users(Commercial, Residential, and Institutional) and By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)

Published: Aug-2021	Report ID: FOOD2122	Pages: 1 - 250	Formats^*:
Category : Food & Beverages

Global Plant-Based Meat Market will prompt by the growing consumer awareness on potential benefits of vegetarian diets. The Global Plant-Based Meat Market is likely to grow at a noteworthy rate during the forecast period 2021-2027. Due to the consumers trending toward healthier foods and rising concerns about the environment and animal welfare. The plant-based meat products are tasty, texture, and overall experience that meat can provide, and plant-based foods can provide a variety of meat alternatives. According to WHO, in 2016, more than 2 billion adults age more than 18 were overweight. The intake of high-fat content food products and a decrease in physical activity are primary reasons for the rise in the rate of obesity around the globe.

Additionally, the rise in the number of vegan populations across the globe estimated to propelling the vegan plant-based meat market over the forecast period. Moreover, the swelling consumer awareness regarding the benefits of vegetarian diets such as improved kidney function, lower insulin levels, and decreased rate of heart disease attributed to accelerating the global plant-based meat market. Additionally, augmented awareness among consumers about the adverse health effects of consuming animals along with health benefits offered by plant-based meat products.

Furthermore, various government initiatives to promoting the consumption of plant-based meat substitutes, owing to the health benefits associated with these products and environmental concerns related to animal-based meat animals, are changing consumer perception towards plant-based meat sources. Additionally, the constant upsurge in the production of meat products, as well as the increasing global population is expanding the global plant-based market in the upcoming periods.

Source Overview in the Global Plant-Based Meat Market

Based on Source, the global Plant-Based Meat Market categorized into Soy-based, Wheat, Quinoa, Oats, and Others (Beans, Nuts, and Pea). The soy-based segment expected to dominate the market during the forecast period, 2020-2027. Owing to its application in making burger patties, nuggets, strips, meatballs, sausages, and ground meat, which is attracting customers.

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Products Overview in the Global Plant-Based Meat Market

Based on product, the Global Plant-Based Meat Market classified into Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles, and Others (Chipotle, Bites, Cutlet, etc.). The Burger Patties segment estimated to exhibit maximum revenue by 2027 based on growing health concerns associated with the availability of high protein content and meat-like texture.

End-User Overview in the Global Plant-Based Meat Market

Based on End-Users, the Global Plant-Based Meat Market segregated into Commercial, Residential, and Institutional. The Commercial segment predicted to dominate due to the growing restaurants and hotels industry, coupled with the increasing demand for vegetarian and vegan products, includes the rise in awareness about the health benefits of vegetarian or plant-based meat over animal meat.

Regional Overview in the Global Plant-Based Meat Market

By geography, the Global Plant-Based Meat Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe anticipated dominating the market owing to the presence of major Plant-Based Meat companies and stringent regulations on animal welfare coupled with consumer inclination towards vegan & vegetarian products.

Global Plant-Based Meat Market: Competitive Landscape

Companies such as Impossible Foods Inc., Beyond Meat, Parabel USA Inc, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Maple Leaf Foods, the Vegetarian Butcher, Tofurky, Gold&Green Foods, Sunfed, VBites, Garden Protein International, Inc., Amyâ€™s Kitchen Inc., Morningstar Farms LLC and Quorn Foods, Inc. are the key players in the Global Plant-Based Meat Market.

1. Research Strategic Development

1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation

2. Research Methodology

2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation

3. Executive Summary

4. Market Insights

4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Competitors & Product Analysis
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porterâ€™s Five forces analysis
4.7. New Investment Analysis
4.8. PESTEL Analysis

5. Global Plant Based Meat Market Overview

5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.1.2. Consumption
5.1.2.1. By Volume (Tons)
5.1.3. Supply/Production
5.1.3.1. By Volume (Tons)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Product
5.2.1.1. Burger Patties
5.2.1.2. Sausages
5.2.1.3. Strips & Nuggets
5.2.1.4. Meatballs
5.2.1.5. Fillets
5.2.1.6. Wings
5.2.1.7. Crumbles
5.2.1.8. Others (Chipotle, Bites, Cutlet, etc.)
5.2.2. By Source
5.2.2.1. Soy based
5.2.2.2. Wheat
5.2.2.3. Quinoa
5.2.2.4. Oats
5.2.2.5. Others (Beans, Nuts, Peas, etc.)
5.2.3. By Type
5.2.3.1. Pork
5.2.3.2. Beef
5.2.3.3. Chicken
5.2.3.4. Fish
5.2.3.5. Others (Lamb, Turkey, etc.)
5.2.4. By Distribution Channel
5.2.4.1. B2C
5.2.4.1.1. Grocery Stores
5.2.4.1.2. Food & Drinks Specialty Stores
5.2.4.1.3. Online Retail
5.2.4.1.4. Hypermarkets/Supermarkets
5.2.4.2. B2B
5.2.5. By End-Users
5.2.5.1. Commercial
5.2.5.2. Residential
5.2.5.3. Institutional
5.2.6. By Region
5.2.6.1. Europe
5.2.6.2. North America
5.2.6.3. Asia Pacific
5.2.6.4. South America
5.2.6.5. Middle East & Africa

6. Europe Plant Based Meat Market Overview

6.1. Europe Plant Based Meat Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.1.2. Consumption
6.1.2.1. By Volume (Tons)
6.1.3. Supply/Production
6.1.3.1. By Volume (Tons)
6.2. Europe Plant Based Meat Market Share & Forecast, 2016-2027
6.2.1. By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles and Others (Chipotle, Bites, Cutlet, etc.))
6.2.2. By Source (Soy based, Wheat, Quinoa, Oats and Others (Beans, Nuts, and Pea))
6.2.3. By Type (Pork, Beef, Chicken, Fish and Others (Lamb & Turkey))
6.2.4. By Distribution Channel (B2B, B2C)
6.2.5. By End-Users (Commercial, Residential, Institutional)
6.2.6. By Country
6.2.6.1. Germany
6.2.6.2. UK
6.2.6.3. France
6.2.6.4. Italy
6.2.6.5. Rest of Europe
6.2.7. By Price Point Analysis
6.2.8. Company Market Share (Top 3-5)
6.2.9. Manufacturer & Distributor List (Top 5)
6.2.10. Economic Impact Study on North America Plant Based Meat Market

7. North America Plant Based Meat Market Overview

7.1. North America Plant Based Meat Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.1.2. Consumption
7.1.2.1. By Volume (Tons)
7.1.3. Supply/Production
7.1.3.1. By Volume (Tons)
7.2. North America Plant Based Meat Market Share & Forecast, 2016-2027
7.2.1. By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles and Others (Chipotle, Bites, Cutlet, etc.))
7.2.2. By Source (Soy based, Wheat, Quinoa, Oats and Others (Beans, Nuts, and Pea))
7.2.3. By Type (Pork, Beef, Chicken, Fish and Others (Lamb & Turkey))
7.2.4. By Distribution Channel (B2B, B2C)
7.2.5. By End-Users (Commercial, Residential, Institutional)
7.2.6. By Country
7.2.6.1. US
7.2.6.2. Canada
7.2.6.2. Mexico 7.2.7. By Price Point Analysis
7.2.8. Company Market Share (Top 3-5)
7.2.9. Manufacturer & Distributor List (Top 5)
7.2.10. Economic Impact Study on Europe Plant Based Meat Market

8. Asia Pacific Plant Based Meat Market Overview

8.1. Asia Pacific Plant Based Meat Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.1.2. Consumption
8.1.2.1. By Volume (Tons)
8.1.3. Supply/Production
8.1.3.1. By Volume (Tons)
8.2. Asia Pacific Plant Based Meat Market Share & Forecast, 2016-2027
8.2.1. By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles and Others (Chipotle, Bites, Cutlet, etc.))
8.2.2. By Source (Soy based, Wheat, Quinoa, Oats and Others (Beans, Nuts, and Pea))
8.2.3. By Type (Pork, Beef, Chicken, Fish and Others (Lamb & Turkey))
8.2.4. By Distribution Channel (B2B, B2C)
8.2.5. By End-Users (Commercial, Residential, Institutional)
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Australia
8.2.6.5. Rest of Asia Pacific
8.2.7. By Price Point Analysis
8.2.8. Company Market Share (Top 3-5)
8.2.9. Manufacturer & Distributor List (Top 5)
8.2.10. Economic Impact Study on Asia Pacific Plant Based Meat Market

9. South America Plant Based Meat Market Overview

9.1. South America Plant Based Meat Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.1.2. Consumption
9.1.2.1. By Volume (Tons)
9.1.3. Supply/Production
9.1.3.1. By Volume (Tons)
9.2. South America Plant Based Meat Market Share & Forecast, 2016-2027
9.2.1. By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles and Others (Chipotle, Bites, Cutlet, etc.))
9.2.2. By Source (Soy based, Wheat, Quinoa, Oats and Others (Beans, Nuts, and Pea))
9.2.3. By Type (Pork, Beef, Chicken, Fish and Others (Lamb & Turkey))
9.2.4. By Distribution Channel (B2B, B2C)
9.2.5. By End-Users (Commercial, Residential, Institutional)
9.2.6. By Country
9.2.6.1. Brazil
9.2.6.2. Argentina
9.2.6.3. Rest of South America
9.2.7. By Price Point Analysis
9.2.8. Company Market Share (Top 3-5)
9.2.9. Manufacturer & Distributor List (Top 5)
9.2.10. Economic Impact Study on South America Plant Based Meat Market

10. Middle East & Africa Plant Based Meat Market Overview

10.1. Middle East & Africa Plant Based Meat Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.1.2. Consumption
10.1.2.1. By Volume (Tons)
10.1.3. Supply/Production
10.1.3.1. By Volume (Tons)
10.2. Middle East & Africa Plant Based Meat Market Share & Forecast, 2016-2027
10.2.1. By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Fillets, Wings, Crumbles and Others (Chipotle, Bites, Cutlet, etc.))
10.2.2. By Source (Soy based, Wheat, Quinoa, Oats and Others (Beans, Nuts, and Pea))
10.2.3. By Type (Pork, Beef, Chicken, Fish and Others (Lamb & Turkey))
10.2.4. By Distribution Channel (B2B, B2C)
10.2.5. By End-Users (Commercial, Residential, Institutional)
10.2.6. By Country
10.2.6.1. Saudi Arabia
10.2.6.2. UAE
10.2.6.3. South Africa
10.2.6.4. Rest of Middle East & Africa
10.2.7. By Price Point Analysis
10.2.8. Company Market Share (Top 3-5)
10.2.9. Manufacturer & Distributor List (Top 5)
10.2.10. Economic Impact Study on Middle East & Africa Plant Based Meat Market

11. Competitor Analysis

11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Impossible Foods
11.7.2. Beyond Meat
11.7.3. Garden Protein International
11.7.4. Morningstar Farms
11.7.5. Quorn Foods
11.7.6. Amyâ€™s Kitchen
11.7.7. Maple Leaf Foods
11.7.8. The Vegetarian Butcher
11.7.9. Tofurky
11.7.10. Gold&Green Foods
11.7.11. Sunfed
11.7.12. VBites
11.7.13. Other Prominent Players

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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