Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The "Plant-Based Meat Market Size, Share & Trends Analysis Report By Source (Soy, Pea, Wheat), By Product, By Type (Chicken, Pork, Beef, Fish, Others), By End-use, By Storage, By Region, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global plant-based meat market size is expected to reach USD 24.77 billion by 2030, registering a CAGR of 19.4% from 2024 to 2030
Growing adoption of vegan lifestyles and diets among health-conscious consumers in traditionally meat-eating developed economies are expected to drive the market growth over the forecast period.
The growing concern of consumers regarding animal welfare and greenhouse gas emission created by the practices of the meat industry, together with celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for plant-based meat products in the global market.
Plant-based meat is predominantly consumed in the Hotel/Restaurant/Cafe (HORECA) sector. Key companies in the industry are collaborating with fast-food joints and restaurant chains to promote the adoption of their products. For instance, fast-food joints such as Burger King, MacDonald's, and Subway are launching new vegan meat products to capitalize on the industry dominated by health-conscious customers.
Plant-based burgers are likely to exhibit steady growth over the upcoming years on account of rising consumer concerns regarding conventional meat products in the wake of the coronavirus pandemic. Plant-based burgers are known to offer low-gluten and low-fat contents, which makes them a highly favored product amongst health-conscious individuals.
Plant-Based Meat Market Report Highlights
- Plant-based sausages are anticipated to register the fastest CAGR over the forecast period. Shifting consumer inclination towards plant-based diets and rising consumption of sausages via retail channels on account of taste, texture, and convenience are anticipated to spur product demand across the globe
- Soy accounted for the largest market revenue share of 48.0% in 2023, owing to its protein-rich content and widespread popularity
- The rising trend of vegan diets in European countries has pushed the demand for plant-based meat products in the region. The U.K., known for a variety of fresh and high-quality meat delicacies, is now home to the largest vegan population in the world
- In June 2020, Starbucks, in collaboration with Impossible Foods Inc., introduced the Impossible Breakfast Sandwich to its menu in most of its locations in the U.S. The sandwich is made with plant-based sausage and was launched as part of the Starbuck sustainability initiative to meet rising consumer interest in plant-based options
Companies Featured
- Beyond Meat
- Impossible Foods Inc.
- Maple Leaf Foods (Field Roast & Maple Leaf)
- Vegetarian Butcher
- Conagra, Inc. (Gardein Protein International)
- Kellogg NA Co. (MorningStar Farms)
- Quorn
- Amy's Kitchen, Inc.
- Tofurky
- Gold&Green Foods Ltd.
- Sunfed
- VBites Foods Limited
- Kraft Foods, Inc.
- Lightlife Foods, Inc
- Trader Joe's
- Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
- Marlow Foods Ltd. (Cauldron)
- Ojah B.V.
- Moving Mountains
- Eat JUST Inc.
- LikeMeat GmbH
- Gooddot
- OmniFoods
- No Evil Foods
- Dr. Praeger's Sensible Foods
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $7.17 Billion |
| Forecasted Market Value (USD) by 2030 | $24.77 Billion |
| Compound Annual Growth Rate | 19.4% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Plant-Based Meat Market: Methodology and Scope
Chapter 2. Plant-Based Meat Market: Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Plant-Based Meat Market: Variables, Trends, and Scope
3.1. Industry Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Major Raw Material Trends Analysis
3.4. Regulatory Framework
3.5. Technology Framework
3.6. Plant-based Meat Market - Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environmental Tools Analysis: Plant-based Meat Market
3.7.1. Porter's Five Forces Analysis
3.7.2. PESTLE Analysis
3.8. Major Strategic Deals & Alliances
Chapter 4. Plant-Based Meat Market: Source Estimates & Trend Analysis
4.1. Plant-based Meat Market: Source Movement Analysis, 2023 & 2030
4.2. Soy
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Pea
4.4. Wheat
4.5. Others
Chapter 5. Plant-Based Meat Market: Product Estimates & Trend Analysis
5.1. Plant-based Meat Market: Product Movement Analysis, 2023 & 2030
5.2. Burgers
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3. Sausages
5.4. Patties
5.5. Nuggets, Tenders & Cutlets
5.6. Grounds
5.7. Others
Chapter 6. Plant-Based Meat Market: Type Estimates & Trend Analysis
6.1. Plant-based Meat Market: Type Movement Analysis, 2023 & 2030
6.2. Chicken
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3. Pork
6.4. Beef
6.5. Fish
6.6. Others
Chapter 7. Plant-Based Meat Market: End-user Estimates & Trend Analysis
7.1. Plant-based Meat Market: End-user Movement Analysis, 2023 & 2030
7.2. Retail
7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3. HORECA
Chapter 8. Plant-Based Meat Market: Storage Estimates & Trend Analysis
8.1. Plant-based Meat Market: Storage Movement Analysis, 2023 & 2030
8.2. Refrigerated
8.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
8.3. Frozen
8.4. Shelf-stable
Chapter 9. Plant-Based Meat Market: Regional Estimates & Trend Analysis
9.1. Regional Movement Analysis & Market Share, 2023 & 2030
9.2. Plant-based Meat Market: Regional Movement Analysis, 2023 & 2030
Chapter 10. Competitive Landscape
10.1. Key Global Players & Recent Developments & Their Impact on the Industry
10.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
10.3. Vendor Landscape
10.3.1. List of Key Distributors & Chanel Partners
10.3.2. Company Market Position Analysis, 2023
10.3.3. Company Ranking Analysis, 2023
10.4. Public Companies
10.4.1. Competitive Dashboard Analysis
10.4.1.1. Market Differentiators
10.4.1.2. Synergy Analysis: Major Deals & Strategic Alliances
10.4.2. SWOT Analysis Of Public Companies
10.5. Private Companies
10.5.1. List of Key Emerging Companies/Technology Disruptors/Innovators
10.5.2. Geographical Presence
Chapter 11. Company Profiles
11.1. Company overview
11.2. Financial performance
11.3. Product benchmarking
11.4. Strategic initiatives
For more information about this report visit https://www.researchandmarkets.com/r/39g82t
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