Global Plant-Based Meat Market - Growth Drivers, Opportunities and Forecast Analysis to 2026
Summary -
A new market
study, titled “Global Plant-Based Meat Market Analysis, Trends and
Opportunities 2020 - 2026” has been featured on WiseGuyReports.
This report focuses
on plant-based meat Market which is experiencing strong growth. The report
gives a guide to the plant-based meat Market which will be shaping and changing
our lives over the next ten years and beyond, including the market's response
to the challenge of the global pandemic.
Reasons to Purchase
• Gain a truly
global perspective with the most comprehensive report available on this market
covering 12+ geographies.
• Understand how the
market is being affected by the coronavirus and how it is likely to emerge and
grow as the impact of the virus abates.
• Create regional
and country strategies on the basis of local data and analysis.
• Identify growth
segments for investment.
• Outperform
competitors using forecast data and the drivers and trends shaping the market.
• Understand
customers based on the latest market research findings.
• Benchmark
performance against key competitors.
• Utilize the
relationships between key data sets for superior strategizing.
• Suitable for
supporting your internal and external presentations with reliable high quality
data and analysis
• Report will be
updated with the latest data and delivered to you within 3-5 working days of
order.
Description:
Where is the largest
and fastest growing market for the plant-based meat market? How does the market
relate to the overall economy, demography and other similar markets? What
forces will shape the market going forward? The Plant-Based Meat Market global
report from the Business Research Company answers all these questions and many
more.
The report covers
market characteristics, size and growth, segmentation, regional and country
breakdowns, competitive landscape, market shares, trends and strategies for
this market. It traces the market’s historic and forecast market growth by
geography. It places the market within the context of the wider plant-based
meat Market, and compares it with other markets.
• The market
characteristics section of the report defines and explains the market.
• The market size
section gives the market size ($b) covering both the historic growth of the
market, the influence of the Covid 19 virus and forecasting its growth.
• Market
segmentations break down market into sub markets.
• The regional and
country breakdowns section gives an analysis of the market in each geography
and the size of the market by geography and compares their historic and
forecast growth. It covers the growth trajectory of Covid 19 for all regions,
key developed countries and major emerging markets.
• Competitive
landscape gives a description of the competitive nature of the market, market
shares, and a description of the leading companies. Key financial deals which
have shaped the market in recent years are identified.
• The trends and
strategies section analyses the shape of the market as it emerges from the
crisis and suggests how companies can grow as the market recovers.
• The plant-based
meat Market section of the report gives context. It compares the plant-based
meat Market with other segments of the plant-based meat Market by size and
growth, historic and forecast. It analyses GDP proportion, expenditure per
capita, plant-based meat market indicators comparison.
Scope
Markets Covered:
By Product Type:
Burger Patties; Sausages; Strips; Nuggets; Meatballs; Others; ; ; ; By Source:
Soy; Wheat; Pea; Others (Quinoa, oats, beans, nuts, and seeds); ; ; ; ; ; : ; ;
; ; ; ; ; ; ; : ; ; ; ; ; ; ; ; ; : ; ; ; ; ; ; ; ; ; ;
Companies Mentioned:
Amy’s Kitchen; The Vegetarian Butcher; Maple Leaf Foods; Beyond Meat;
Impossible Foods
Countries:
Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia;
Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India;
Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New
Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia;
Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland;
Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America;
Middle East; Africa
Time series: Five
years historic and ten years forecast.
Data: Ratios of
market size and growth to related markets, GDP proportions, expenditure per
capita,
Data segmentations:
country and regional historic and forecast data, market share of competitors,
market segments.
Sourcing and
Referencing: Data and analysis throughout the report is sourced using end
notes.
Major players in the
plant-based meat market are Amy’s Kitchen, The Vegetarian Butcher, Maple Leaf
Foods, Beyond Meat, Impossible Foods, Greenleaf Foods, Hungry Planet, Next
Level, and Abbots Butcher.
The global
plant-based meat market is expected to grow from $12.22 billion in 2019 and to
$12.41 billion in 2020 at a growth rate of 1.58%. The slow growth in 2020 is
mainly due to the economic slowdown across countries owing to the COVID-19
outbreak and the measures to contain it. The market is then expected to grow
and reach $17.73 billion in 2023 at CAGR of 12.62%.
The plant-based meat
market consists of sales of plant-based meat and related services. Plant-based
meat is prepared from plants and is similar to the conventional meat in appearance
and taste. It is available in the form of a burger patty, crumbles, nuggets,
and sausages. The plant-based meat is produced using ingredients such as wheat
gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.
North America was
the largest region in the plant-based meat market in 2019. Asia-Pacific was the
second largest region in the plant-based meat market in 2019.
In March 2018, Kerry
Group, an Ireland-based public food company, announced a major move into the
meat substitutes market with the acquisition of Ojah, an innovative producer of
textured meat alternatives based in the Netherlands for an approximate amount
of USD 24 billion. Ojah is engaged in making a wide range of meat alternative
products under Plenti and Beeter Brands. The Ojah products comprise seasoned
& natural chunks and strips and vegan nuggets. The products are gluten-free
and are made from pea or soy protein.
The plant-based meat
market covered in this report is segmented by product type into burger patties;
sausages; strips; nuggets; meatballs; others. It is also segmented by source
into soy; wheat; pea; others.
The high prices of
plant-based meat products in comparison with regular meat products is a major
restraint for the growth of the plant-based meat market. The major players
dealing in plant-based meat products are Beyond Burger and Impossible Burger.
At Whole Foods, an America-based multinational supermarket chain, the retail
price of Beyond Burger is USD 12 a pound, whereas regular ground beef burger
costs for less than half i.e. USD 5 a pound. Thus, the differences in the
prices of plant-based meat products and regular meat products are predicted to
hinder the growth of the market over the upcoming years.
The increasing
launch of new innovative products that are made from plant-based meat is a
major trend in the plant-based meat market. For instance, in June 2019, the
world’s largest meat producer announced the sales of preprotein made nuggets at
grocery stores as a part of a new brand, Raised & Rooted, that is engaged
in selling blended and plant-based meat products. Moreover, in June 2019, a
leader in plant-based meat announced the launch of its new product, Beyond
Beef. Beyond Beef is new plant-based ground meat prepared without GMOs, gluten
or soy designed to deliver meaty texture, juiciness, and the same versatility
of traditional beef.
Increasing consumer
awareness associated with the benefits of vegetarian diets is projected to
contribute to the growth of the plant-based meat market. The vegetarian diets
offer various benefits such as low insulin levels, decreased rate of heart
diseases, and improved kidney functions. According to Vegconomist, the vegan
business magazine article published in July 2019, plant-based meat contains
lower levels of cholesterol, saturated fat, and calories in comparison with
animal-based meat. Moreover, rising consumer awareness on animal rights through
global welfare organizations such as Animal Aid Unlimited (AAU) and People for
the Ethical Treatment of Animals (PETA) is to boost the demand for plant-based
meat products, which in turn, is predicted to uptake the revenues of
plant-based meat market over the forecast period.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5320585-plant-based-meat-global-market-report-2020-30
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