Plant-based Meat Market by Source, Type, Product, and Region - 2025

1. MarketsandMarkets™ Presents Plant-based Meat Market - Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/plant-based-meat-market-44922705.html

2. The report "Plant-based Meat Market by Source (Soy, Wheat, Pea, Quinoa, Oats, Beans, Nuts), Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs), Type (Pork, Beef, Chicken, Fish), Process, and Region - Global Forecast to 2025", The plant-based meat market is estimated at USD 12.1 billion in 2019 and is projected to grow at a CAGR of 15.0% from 2019 to 2025, to reach USD 27.9 billion by 2025. The growing health concerns regarding the consumption of animal protein has urged consumers to opt for alternative protein sources, boosting the sales of plant-based meat products. The plant-based meat market has been gaining attention from business giants such as Bill Gates. Major food companies such as Tyson Foods (US) and Cargill, Incorporated (US) are investing in start-ups offering plant-based meat products. These factors are expected to open new opportunities for the growth of the global plant-based meat market in the coming years. Browse 72 market data Tables and 38 Figures spread through 153 Pages and in-depth TOC on "Plant-based Meat Market - Global Forecast to 2025“ The North American region is projected to account for the largest market share during the forecast period. The North American plant-based meat market is projected to account for the largest share by 2025. There are various on-going developments in the region in terms of expansion and new product launches. For instance, in 2018, Alpha Foods (US) had its plant-based meat products available in over 5,000 stores in the US. Apart from this, in Canada, the plant-based meat is an emerging area, with consumers willing to add plant-based foods owing to the health concerns related to the consumption of animal protein products.  Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44922705

3. An increasing number of consumers are demanding plant-based meat, either for medical reasons or as a healthy lifestyle. As a result, the demand for plant-based meat continues to expand. Additionally, continuous efforts in research & development by plant-based meat manufacturers, in terms of better aroma, texture, longer shelf life, and better nutritious profiles, is projected to escalate the growth of global plant-based meat market in the coming years. Companies, both start-ups and established players are entering this high growth market owing to the growing preference for plant-based diets among consumers at a global level. Established food companies such as Cargill (US) and Tyson Foods (US) have invested in start-ups that are producing plant-based meat products; this is further expected to boost sales of plant-based meat products in the coming years. • By source, the soy segment is projected to dominate the plant-based meat market during the forecast period. • By source, the plant-based meat market is segmented into soy, wheat, pea, and others (quinoa, oats, beans, and seeds). Soy is widely used as a base ingredient for plant-based pork, beef, and chicken products, owing to its high protein content and meat-like texture. The growing health concerns associated with the consumption of animal protein-sourced foods and adoption of flexitarian and vegetarian diets are expected to drive consumption of soy as a source in the global plant-based meat market. Impossible Foods offers soy-based burgers and is backed by a strong distribution network in the US. In January 2019, the company launched an upgraded version of its burger, which would have 30% less sodium and 40% less saturated fat. • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=44922705

4. By type, the chicken segment is projected to dominate the plant-based meat market during the forecast period. Various sausages, nuggets, strips, and burgers have chicken as their major meat ingredient. Chicken flesh and eggs are loaded with animal protein, fats, and cholesterol. On the other hand, the protein content in plant-based meat chicken products is about the same while the other nutrients may vary. Beyond Meat’s (US) plant-based burger includes ingredients such as pea protein and canola oil. Impossible Food’s (US) patties contain soy protein and coconut oil to replicate the taste of chicken. Environmental hazards associated with the killing of animals is projected to drive the plant-based meat market in Asia Pacific. The raising of awareness through global animal welfare organizations such as PETA (People for the Ethical Treatment for Animals) has encouraged people to consider a meat-free diet. The Asia Pacific plant-based meat market is projected to be dominated by China. The increasing environmental impact due to the excessive animal killing for meat consumption has created significant demand for plant-based meat in China. The Chinese plant-based meat market is projected to witness significant growth due to the increase in demand from consumers for meatless food products. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=44922705

5. Key Market Players: • The key players in global plant-based meat market include Impossible 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 plant-based meat 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. • Recent Developments: • In March 2019, Impossible Foods launched its plant-based meat, with a variety of dishes available at eight restaurants throughout Singapore. The motive behind the launch was to expand its global reach. • In March 2019, Beyond Meat launched a plant-based ground beef product to meet the rising consumer demands and enhance its plant-based meat product portfolio. • In March 2019, Morningstar Farms launched a plant-based vegan cheeseburger to meet the demand of its consumers. • Key questions addressed by the report: • What are the new product areas the plant-based meat companies are exploring? • Which are the key players in the plant-based meat market and how intense is the competition? • What kind of competitors and stakeholders, such as plant-based meat companies, would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?  • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=44922705

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