Overview of the global plant-based meat market to 2027 – by product type, source, meat type, distribution channel and region

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DUBLIN, February 03, 2022–(BUSINESS WIRE)–The “Plant-based Meat Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global plant-based meat market reached a value of US$8.5 billion in 2021. Looking ahead, the publisher expects the market to reach US$34 billion by 2027, posting a CAGR of 25.8% in 2022-2027.

Companies cited

  • Amy’s Kitchen Inc.

  • Beyond meat

  • Boca Foods Company (Kraft Foods Inc.)

  • Garden Protein International (Conagra Brands Inc.)

  • Impossible Foods Inc.

  • Maple Leaf Foods

  • MorningStar Farms (Kellogg Na Co.)

  • Quorn Foods

  • The vegetarian butcher

  • Vbites Food Limited.

Keeping in mind the uncertainties of COVID-19, they continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor

Plant-based meat refers to a vegan meat-like alternative that resembles meat products in color, texture, appearance, and flavor. Generally, it is produced by mixing vegetable protein isolates, starch, vegetable extracts, edible oils and various other seasonings. These raw materials are then processed with additives and colorings to achieve a flavor and texture similar to animal meat.

Plant-based meat products help reduce meat consumption, thereby minimizing the risk of cardiovascular disease, lowering blood cholesterol, maintaining calories and increasing protein consumption. Furthermore, the meat-based variant is also considered environmentally sustainable as it helps to reduce the high consumption of meat products. For this reason, plant-based meat products are widely available in restaurants, cafes, fast food outlets, hypermarkets/supermarkets, convenience/specialty stores, and other catering platforms.

The widespread trend of veganism coupled with growing concerns about animal welfare and protection has led to a growing demand for meat alternatives, such as plant-based meat. In addition, growing consumer health concerns along with high prevalence of obesity, diabetes, etc., have also increased the demand for the products due to its low calorie and low protein content.

Additionally, the shift in consumer inclination from a non-vegetarian diet towards plant-based protein foods as well as the increasing adoption of a flexitarian and vegetarian diet, particularly in North America and Europe, also catalyzed the growth of the market. In several emerging economies, such as India, China, Brazil, Turkey, etc., rapid urbanization coupled with rising living standards of consumers has increased per capita expenditure on premium food products , such as vegan foods.

Apart from this, the introduction of several awareness programs by various animal welfare organizations such as PETA to reduce the excessive slaughter of animals for meat consumption is also propelling the demand for the products. Additionally, due to changing consumer tastes and preferences, several manufacturers are introducing vegan meat products with better aroma, better texture, longer shelf life and high nutritional value.

Moreover, various prominent food companies are entering into strategic partnerships with several vegan meat production start-ups to expand their product portfolios, thus leading to premiumization of products. Furthermore, the increasing adoption of these meat products in several cuisines including Chinese, Thai, Italian, etc. will continue to fuel the growth of the global plant-based meat market in the coming years.

Answers to key questions in this report:

  • How has the global plant-based meat market behaved so far and how will it behave in the years to come?

  • What are the main regional markets?

  • What has been the impact of COVID-19 on the global plant-based meat market?

  • What is the market breakdown by product type?

  • What is the market breakdown by source?

  • What is the market breakdown by type of meat?

  • What is the market breakdown by distribution channel?

  • What are the different stages of the industry value chain?

  • What are the major market drivers and challenges?

  • What is the structure of the global plant-based meat market and who are the major players?

  • How competitive is the market?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global plant-based meat market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Product Type

7 Market Breakdown by Source

8 Market Breakdown by Meat Type

9 Market Breakdown by Distribution Channel

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Competitive Landscape

14.1 Market structure

14.2 Major Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/85azzx

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220203005574/en/

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