736 , Shakti Khund III , New Delhi
+1778-732-2562

Global Plant-Based Meat Market By Type (Chicken, Beef, others), By Source (Soy, Wheat, Others), By End User (Food Industry, Households, Others), By Region–Forecast & Opportunities to 2026

The global plant-based meat market accounted for a value of USD 9.6 billion in 2019. The global plant-based meat market is projected to grow at a CAGR of 13.0% during the forecast period.

COVID-19 has impacted all the businesses over the globe. The COVID-19 has positively impacted the plant-based meat market as people are adopting healthy lifestyle to boost their immunity to fight corona virus. Due to lockdown the supply and production was on halt and increasing fear infection from traditional meat has driven the plant-based meat market during pandemic. The plant-based meat, owing to corona virus outbreak is expected to witness growth during forecast period.

Definition:

The plant-based meat can be defined as meat alternatives. This are produced from ingredients which are sourced from plants. Plant-based meat has same properties and qualities as that of animal meat such as nutrients, texture, appearance and flavor. They taste same as animal meat but it doesn’t have any harmful effects on human body.

Market Dynamics (Drivers/Opportunities):

The consumption of plant-based meat has been increasing. This is mainly because of increase in animal borne disease worldwide. With the on-going global pandemic which is suspected to be animal originated has shifted consumer of traditional meat towards plant-based meat. Thus, drives the market to witness growth during forecast period.

The concerns about health are rising among population in developed and developing countries. People from all age groups are adopting healthy lifestyle and healthy eating habit with the exclusion of fear of infection or virus from animal. Thus, more number of populations across the globe is adopting plant-based meat.

The reach of social media is expanding through which many experts are spreading awareness to adopt healthy lifestyle and influencing people to avoid eating anything which can spread harmful animal borne diseases worldwide. Health experts are spreading the word about effects of animal meat on the body as proven by research agencies that red meat and processed meat have carcinogenic effects which is likely to cause cancer. Thus, drives the growth in plant-based meat market.

Market Insights, by Type

On the basis of type, the plant-based meat market is segmented into chicken, beef, pork, fish and others. The chicken segment is estimated to register growth at highest CAGR during the forecast period. Chicken is used as main meat ingredients in nuggets, sausages, strips and burgers. Chicken is loaded with cholesterol, fats and proteins whereas the protein content on plant-based chicken products is same as animal meat but other nutrient vary. Thus, plant-based meat chicken products have high demand and large sale which drives growth in chicken segment of plant-based meat market during the forecast period.

Market Insights, by Source

On the basis of source, the plant-based meat market is segmented into soy, wheat, pea and others. The soy segment is projected to register growth at highest CAGR during the forecast period. Soy is used as a base ingredient for plant-based chicken, beef and pork products. Soy has meat like texture and high protein content. The growing concerns of using animal meat affecting health have lead to adoption of soy which fulfill protein requirement of the body. Thus, drives growth in soy segment of plant-based meat market during the forecast period.

Market Insights, by End-User

On the basis of end-user, the plant-based meat market is segmented into food industry, household and HoReCa. The HoReCa segment is accounted for the largest market in 2018. It is estimated to witness growth at highest CAGR during the forecast period. The plant-based meat manufacturers are collaborating with many big restaurant chains such as Burger King, MacDonald’s, White Castle, Dunkin’s Donuts and Subway. All these chains offer products based on plant-based meat for health conscious customer.  It is easily available at lesser cost thus, this sector is estimated to witness higher sale.

Regional Insights

Asia-pacific region is expected to register growth at highest CAGR during the forecast period. The awareness about animal free diet is increasing via global animal welfare organizations such as People for the Ethical Treatment of Animals (PETA) in Asia-Pacific region. The demand for plant-based meat is increasing in this region due to increasing environmental impacts because of animal killing for meat. China is expected to dominate the market in Asia-Pacific region.

Key Companies & Market Share Insights

The key market players in plant-based meat are Impossible Foods, Garden Protein International, Beyond Meat, Morningstar Farms, Amy’s Kitchen, Quorn Foods, Maple Leaf Foods, The Vegetarian Butcher, Good & Green Foods, Tofurky, Sunfed, Beyond Meat and Vbites.

The major industries in plant-based meat market are focusing on tie-up with big retail restaurants and food chains worldwide. These industries are adopting key strategies and new product launches in order to strengthen their market position. mpossible Foods (US), Beyond Meat (US), Garden Protein International (US), Morningstar Farms (US), Quorn Foods (UK), Amy’s Kitchen (US), Maple Leaf Foods (Canada), the Vegetarian Butcher (Netherlands), Tofurky (US), Gold&Green Foods (US), Sunfed (New Zealand), and VBites (UK). Beyond Meat (US) and Impossible Foods (US) are the top two players in the market. These companies are backed by a robust distribution network with retail chains and restaurants at a global level for the distribution of its plant-based meat products. These companies have adopted new product launches as a key strategy to expand their presence in the market. For instance, in March 2019, Impossible Foods (US) launched plant-based meat in Singapore.

Segments Covered in the Report

This report forecasts The Plant-Based Meat Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global plant-based meat market report on the basis of type, Source, and end-user.

Plant-Based Meat Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Plant-Based Meat Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Chicken
  • Beef
  • Pork
  • Fish
  • Others
  1. Plant-Based Meat Market, By Source, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Soy
  • Wheat
  • Pea
  • Others
  1. Plant-Based Meat Market, By End-User , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Food Industry
  • Household
  • HoReCa
  1. Plant-Based Meat Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Source
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Source
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Source
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Source
          • By End-User
          • BY Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Source
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Vbites
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Impossible Foods
    • Garden Protein International
    • Beyond Meat
    • Morningstar Farms
    • Amy’s Kitchen
    • Quorn Foods
    • Maple Leaf Foods
    • The Vegetarian Butcher
    • Good & Green Foods
    • Tofurky
    • Sunfed
    • Beyond Meat
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now

 

Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations