Global Vegan Steak Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Vegan Steak Market is presumed to reach the market size of nearly USD 1096.73 Million by 2032 from USD 590.56 Million in 2023 with a CAGR of 7.12% under the study period 2024-2033.

Vegan steak is a plant-based alternative to traditional meat steak made entirely from plant-derived ingredients such as soy protein, wheat gluten, pea protein, or mycoprotein (fungus-based protein). It aims to replicate real steak's taste, texture, and appearance while offering a cruelty-free and sustainable alternative to conventional meat products. It is typically produced using food processing techniques such as extrusion, shaping, and flavoring to create a meat-like texture and flavor profile. It is suitable for vegans, vegetarians, and individuals seeking to reduce meat consumption for health, environmental, or ethical reasons. These products are gaining popularity as consumers become more conscious of dietary choices & environmental impact, driving innovation in plant-based meat alternatives.

MARKET DYNAMICS

The proliferating popularity of plant-based diets and the growing awareness about the environmental & ethical implications of meat consumption are driving demand for vegan alternatives to traditional animal-derived foods, including steak. Vegan steak offers consumers a cruelty-free and sustainable protein source that replicates the taste, texture, and appearance of conventional steak, satisfying cravings for meat while aligning with dietary preferences and values. Additionally, advancements in food technology and culinary innovation enable the development of products with improved flavor, juiciness, and mouthfeel, enhancing the sensory experience and appeal of plant-based meat substitutes. Moreover, the rising adoption of veganism and vegetarianism among health-conscious and flexitarian consumers drives demand for vegan steak as part of a balanced and nutritious diet, offering a cholesterol-free and lower-fat alternative to traditional beef steak. Furthermore, the growing availability of vegan steak products in mainstream grocery stores, restaurants, and food service outlets is expanding market access and consumer awareness, making it easier for individuals to buy plant-based options and reduce their meat consumption. The increasing investment in plant-based protein startups and food tech companies by venture capital firms and food industry giants drives innovation and product development in the market, leading to new formulations, flavors, and packaging formats catering to diverse consumer tastes and preferences. However, changes in consumer preferences and culinary trends may challenge the market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Vegan Steak. The growth and trends of Vegan Steak industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Vegan Steak market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Source

Soy
Almond
Wheat
Others

By End User

Packaged Food Industries
Hotels And Restaurants
Retail Food Shops
Domestic Consumers
Others

By Distribution Channel

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Platforms
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Vegan Steak market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Vegan Steak market include Amy'S Kitchen, Beyond Meat Inc., Daiya Foods Inc., Danone S.A, Earth'S Own Food Company Inc., Eat Just Inc., Field Roast, Gardein, Impossible Foods Inc., Ripple Foods Inc., The Archer Daniels Midland Company, Tofutti Brands Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114481

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. VEGAN STEAK - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Source
- 3.7.2 Market Attractiveness Analysis By End User
- 3.7.3 Market Attractiveness Analysis By Distribution Channel
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL VEGAN STEAK MARKET ANALYSIS BY SOURCE

5.1. Overview By Source
5.2. Historical and Forecast Data
5.3. Analysis By Source
5.4. Soy Historic and Forecast Sales By Regions
5.5. Almond Historic and Forecast Sales By Regions
5.6. Wheat Historic and Forecast Sales By Regions
5.7. Others Historic and Forecast Sales By Regions

6. GLOBAL VEGAN STEAK MARKET ANALYSIS BY END USER

6.1. Overview By End User
6.2. Historical and Forecast Data
6.3. Analysis By End User
6.4. Packaged Food Industries Historic and Forecast Sales By Regions
6.5. Hotels And Restaurants Historic and Forecast Sales By Regions
6.6. Retail Food Shops Historic and Forecast Sales By Regions
6.7. Domestic Consumers Historic and Forecast Sales By Regions
6.8. Others Historic and Forecast Sales By Regions

7. GLOBAL VEGAN STEAK MARKET ANALYSIS BY DISTRIBUTION CHANNEL

7.1. Overview By Distribution Channel
7.2. Historical and Forecast Data
7.3. Analysis By Distribution Channel
7.4. Supermarkets/Hypermarkets Historic and Forecast Sales By Regions
7.5. Convenience Stores Historic and Forecast Sales By Regions
7.6. Specialty Stores Historic and Forecast Sales By Regions
7.7. Online Platforms Historic and Forecast Sales By Regions
7.8. Others Historic and Forecast Sales By Regions

8. GLOBAL VEGAN STEAK MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE VEGAN STEAK COMPANIES

9.1. Vegan Steak Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF VEGAN STEAK INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Amy'S Kitchen
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Beyond Meat Inc.
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Daiya Foods Inc.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Danone S.A
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Earth'S Own Food Company Inc.
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Eat Just Inc.
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Field Roast
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Gardein
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Impossible Foods Inc.
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. Ripple Foods Inc.
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. The Archer Daniels Midland Company
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. Tofutti Brands Inc
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies