New York, NY, July 26, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Plant Based Meat Market by Product Type (Tofu, Tempeh, Seitan, RTC/RTE, and Natto), by Source (Soy, Wheat, Mycoprotein, and Others), by End-Use (Retail and Industrial), and by Distribution Channel (Business-to-Business and Business-to-Consumer): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.
According to the report, the global plant based meat market was valued at approximately USD 11.92 billion in 2018 and is expected to generate around USD 21.23 billion by 2025, at a CAGR of around 8.6% between 2019 and 2025.
Browse through 92 Tables & 38 Figures spread over 110 Pages and in-depth TOC on “Global Plant Based Meat Market Size & Growth 2018 Report: Industry Share, Trends, Segments, Analysis and Forecast 2025”.
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The report covers a forecast and an analysis of the plant based meat market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the plant based meat market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the plant based meat market on a global level.
In order to give the users of this report a comprehensive view of the plant based meat, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Abstract
- The report covers the forecast and analysis for the Plant based meat market on a global and regional level.
- The report includes the positive and negative factors that are influencing the growth of the market.
- The revenue generated by the prominent industry players has been analyzed in the report.
- The market numbers have been calculated using top-down and bottom-up approaches.
- The Plant based meat market has been analyzed using Porter’s Five Forces Analysis.
- The market is segmented on the basis of agriculture type, software type, service type, solution type, and application type, which in turn is bifurcated on a regional level as well.
- All the segments have been evaluated based on present and future trends.
- The report deals with in-depth quantitative and qualitative analyses of the Plant based meat market.
- The report includes detailed company profiles of the prominent market players.
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Plant-based meat is anything that mimics traditional meat but is made entirely using plant ingredients. It is mainly consumed by vegetarians and vegans. Fake meat has evolved into a popular trend on menu card at large. Attempts to create plant-based substitutes for meat have been made since the days of tofu. Despite the rising awareness of inefficiencies associated with the livestock production and other harmful effects of animal agriculture at the industrial-scale, the world is likely to consume more meat per capita this year than ever before. This is a major factor boosting the plant based meat market globally. Companies have come up with different substitutes to ensure that there is sufficient meat supply in the future and cater to the vegetarian or vegan population simultaneously.
The growing concerns regarding the environmental impact and sustainability of the meat industry are the major growth driver of the global plant based meat market. The growing concerns regarding the sustainability of livestock production, meat availability, and change in food preferences have led to many people opting for meat substitutes. This has immensely benefitted the plant based meat market globally. In addition, the science behind making plant based meat has also improved and allowed manufacturers to experiment and come up with the perfect meat substitute. The changes in manufacturers’ outlooks along with more emphasis being placed on manufacturing plant based meat are also boosting the global plant based meat market. However, high production cost and difficult product availability may restrain the plant based meat market globally. Considering the change in food preferences and growing advancements made in the food industry, numerous opportunities for market growth are expected in the future.
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On the basis of product type, the market is segmented into tofu, seitan, RTC/RTE, tempeh, and natto. Tofu is one of the most favored plant-based meat ingredients, as it is made directly from soybeans and is high in protein and calcium along with being a staple food of the Asian cuisine. By source, the market is divided into mycoprotein, soy, wheat, and others. Soy-based and gluten-based sources are expected to hold higher market shares in the future, owing to their increasing popularity among the consumers. Based on end-user, the market is bifurcated into retail and industrial. The distribution channel segment comprises of business-to-business and business-to-consumer (convenience stores, traditional stores, food & drink specialty stores, modern groceries, and online retail).
Browse the full “Plant Based Meat Market by Product Type (Tofu, Tempeh, Seitan, RTC/RTE, and Natto), by Source (Soy, Wheat, Mycoprotein, and Others), by End-Use (Retail and Industrial), and by Distribution Channel (Business-to-Business and Business-to-Consumer): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/plant-based-meat-market
By region, Asia Pacific is expected to hold a major share of the global plant based meat market in the future, owing to the growing preference for plant based substitutes, such as tofu and tempeh across various Asian countries like China and India. North America held a significant share of the global plant based meat market in 2018.
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Some major players of the global plant based meat market are E. I. du Pont de Nemours and Company, Morningstar Farms LLC, Beyond Meat, Archer Daniels Midland Company, Amy’s Kitchen Inc., Garden Protein International Inc., Quorn Foods, Inc., Parabel USA Inc., and Impossible Foods Inc., among others.
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This report segments the global plant based meat market into:
Global Plant Based Meat Market: Product Type Analysis
- Tofu
- Tempeh
- Seitan
- RTC/RTE
- Natto
Global Plant Based Meat Market: Source Analysis
- Soy
- Wheat
- Mycoprotein
- Others
Global Plant Based Meat Market: End-Use Analysis
- Retail
- Industrial
Global Plant Based Meat Market: Distribution Channel Analysis
- Business-to-Business
- Business-to-Consumer
- Modern Groceries
- Convenience Stores
- Food and Drink Specialty Stores
- Traditional Stores
- Online Retail
Global Plant Based Meat Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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