The Plant-based meat market was valued at USD 7.38 billion by 2023 and is projected to reach to USD 37.54 billion by 2032, recording a CAGR of 19.81% from 2024-2032.
Plant-based meat has gained immense popularity as a sustainable and ethical alternative to traditional animal-derived meat, catering to the growing demand for plant-based diets. Made from ingredients like soy, peas, lentils, and mushrooms, plant-based meats are designed to mimic the taste, texture, and nutritional profile of animal meat without the environmental and ethical concerns associated with livestock farming. These products offer an appealing option for vegetarians, vegans, and flexitarians, with offerings ranging from burgers and sausages to nuggets and minced meat. They provide a source of protein, iron, and other nutrients commonly found in animal products while being free from cholesterol and lower in saturated fats, making them an attractive option for health-conscious consumers.
The market for plant-based meat continues to expand rapidly, fueled by advances in food technology and increasing consumer interest in sustainable food sources. Major food companies and startups alike are investing heavily in the development of plant-based meat products that are not only better for the planet but also meet the expectations of meat lovers in terms of flavor and texture. As concerns about climate change and animal welfare grow, more consumers are opting for plant-based options to reduce their carbon footprint and support cruelty-free food production. With ongoing innovation and the rise of plant-based alternatives in fast food chains and mainstream grocery stores, plant-based meat is poised to become a mainstay in the global food market, transforming the future of protein consumption.
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The latest report includes a Porter's Five Forces analysis, which explains: threat of new entrants, buyer bargaining power, supplier bargaining power, threat of substitutes, and competitive rivalry in the global, in addition to a Plant-based Meat summary that includes dynamics such as drivers, restraints, and opportunities. The supply chain analysis also highlights the numerous players in the ecosystem, including raw material suppliers, system integrators, distributors, intermediaries, and end-users. It includes a global vendor landscape as well as an overview of the most significant upcoming projects/products.
This Plant-based Meat report covers recent developments, production analysis, value chain optimization, share, and the impact of domestic players, emerging revenue pockets, and changes in regulations, strategic growth analysis, category growths, product approvals, product launches, geographic expansions, and major technological innovations, as well as strategic growth analysis, category growths, product approvals, product launches, geographic expansions, and major technological innovations.
Key Market Segmentation:
By Source:
Soy
Pea
Wheat
By Product:
Burgers
Sausages
Patties
Nuggets, Tenders & Cutlets
Grounds
By Type:
Chicken
Pork
Beef
Fish
By End-user:
Retail
HORECA (Hotel/Restaurant/Café)
By Storage:
Refrigerated Plant-based Meat
Frozen Plant-based Meat
Shelf-stable Plant-based Meat
Research Methodology
This research investigates the Plant-based Meat industry in depth. The estimations and predictions in the research report are based on thorough secondary research, primary interviews, and in-house expert opinions. These forecasts and estimates are based on an examination of the impact of various political, social, and economic factors, as well as current circumstances, on growth.
Regional Analysis
The analysis covers at the global, regional, and country levels, including the US, Canada, China, India, Japan, South Korea, the United Kingdom, Germany, France, Brazil, and Mexico. At the regional and country levels, estimates and predictions for the study's segmentation will be presented. The estimates and predictions will help you grasp the leading region as well as the next region in the Plant-based Meat business that will generate significant revenue.
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Competitive Outlook
The analysis includes a chapter devoted to major firms participating in the Plant-based Meat, which includes a synopsis of the company's business, financial statements, product overview, and strategic ambitions. The organizations profiled in the report can be adapted to a client's specific requirements. The competitive analysis sections will aid players in gaining a complete understanding of the 's competition.
Our specialists’ analyses all of the major players' financial statements, as well as their key advancements, product benchmarking, and SWOT analysis. A business description and financial facts are also included in the company profile section. The companies listed in this report can be customized to meet the needs of the client.
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