Plant Based Meat Market, By Source, By Product Type, By Type, By Distribution Channel, By Geography

Description

Global plant based meat market is estimated to be valued at USD 5.79 Bn in 2024 and is expected to reach USD 27.17 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 24.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 5.79 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	24.70%	2031 Value Projection:	US$ 27.17 Bn

Figure. Plant Based Meat Market Share (%), By Region, 2024

Global plant based meat market has been witnessing growth steadily over the past few years, owing to rising awareness about health and environmental benefits of plant-based meat. Plant-based meat are meat alternatives made from vegetables, grains and other plant sources that mimic the taste and texture of conventional meat. Increasing vegan and vegetarian population, rising concerns about animal welfare, and sustainability of meat production boosts the adoption of plant based meat globally. Plant based meat have almost similar protein content as animal meat but are lower in cholesterol and fat content, thus, making them healthier option. Leading food companies are investing in developing innovative plant-based meat products by using variations of plant proteins to meet the growing demand.

Market Dynamics:

Global plant based meat market growth is driven by several factors like growing health and environment consciousness among consumers, rising vegan and flexitarian population and increasing investment in plant-based startups. However, high premium price of plant based meat as compared to conventional meat and lack of authentic taste and texture hampers the market growth. Development of improved production technologies to make plant based meat affordable as well as provide identical taste and texture of animal meat offer opportunities for the market growth. Favorable marketing and promotion by plant based meat companies' helps to raise awareness about its benefits. However, strict food regulations for new product approval and escalating R&D cost for product development can hamper the market growth.

Key Features of the Study:

This report provides in-depth analysis of the global plant based meat market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global plant based meat market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Kellogg NA Co., Quorn, Beyond Meat, Impossible Foods Inc., Maple Leaf Foods (Field Roast & Maple Leaf), Vegetarian Butcher, Conagra, Inc., Amy's Kitchen, Inc., Tofurky, Gold&Green Foods Ltd., Sunfed, VBites Foods Limited, Kraft Foods, Inc., Lightlife Foods, Inc, Trader Joe's, Yves Veggie Cuisine (The Hain-Celestial Canada, ULC), Marlow Foods Ltd. (Cauldron), Ojah B.V., Moving Mountains, Eat JUST Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global plant based meat market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Source:
- Soy
- Pea
- Wheat
- Others
By Product Type:
- Burgers
- Sausages
- Patties
- Nuggets, Tenders & Cutlets
- Grounds
- Others
By Type:
- Chicken
- Pork
- Beef
- Fish
- Others
By Distribution Channel:
- B2B
- B2C
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Kellogg NA Co.
- Quorn
- Beyond Meat
- Impossible Foods Inc.
- Maple Leaf Foods (Field Roast & Maple Leaf)
- Vegetarian Butcher
- Conagra, Inc.
- Amy's Kitchen, Inc.
- Tofurky
- Gold&Green Foods Ltd.
- Sunfed
- VBites Foods Limited
- Kraft Foods, Inc.
- Lightlife Foods, Inc
- Trader Joe's
- Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
- Marlow Foods Ltd. (Cauldron)
- Ojah B.V.
- Moving Mountains
- Eat JUST Inc.

Product Code: CMI2074

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Source
- Market Snippet, By Product Type
- Market Snippet, By Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Plant Based Meat Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Plant Based Meat Market
Impact Analysis

5. Global Plant Based Meat Market, By Source, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Soy
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pea
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Wheat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Plant Based Meat Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Burgers
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Sausages
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Patties
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Nuggets, Tenders & Cutlets
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Grounds
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Plant Based Meat Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Chicken
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pork
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Beef
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Fish
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Plant Based Meat Market, By Distribution Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
B2B
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
B2C
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031Segment Trends

9. Global Plant Based Meat Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

10. Competitive Landscape

Market Share Analysis
Company Profiles
- Kellogg NA Co.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Quorn
- Beyond Meat
- Impossible Foods Inc.
- Maple Leaf Foods (Field Roast & Maple Leaf)
- Vegetarian Butcher
- Conagra, Inc.
- Amy's Kitchen, Inc.
- Tofurky
- Gold&Green Foods Ltd.
- Sunfed
- VBites Foods Limited
- Kraft Foods, Inc.
- Lightlife Foods, Inc
- Trader Joe's
- Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
- Marlow Foods Ltd. (Cauldron)
- Ojah B.V.
- Moving Mountains
- Eat JUST Inc.

11. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. Section

References
Research Methodology
About Us and Sales Contact
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