0

Plant-based Meat Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 123
  • SKU: IRTNTR40724
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The plant-based meat market share is expected to increase by USD 7.21 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 25.14%.

This plant-based meat market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers plant-based meat market segmentations by type (plant based beef, plant based chicken, plant based pork, and others) and geography (North America, Europe, APAC, South America, and MEA). The plant-based meat market report also offers information on several market vendors, including Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group among others.

What will the Plant-based Meat Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Plant-based Meat Market Size for the Forecast Period and Other Important Statistics

 

Plant-based Meat Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The new product launches is notably driving the plant-based meat market growth, although factors such as increasing consumption of animal meat may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the plant-based meat industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Plant-based Meat Market Driver

Increase in the number of people following the vegan lifestyle is a major factor driving the global plant-based meat share growth. Vegan diet is rich in potassium, magnesium, folate, and vitamins A, C, and E. People who are vegan tend to have a lower body mass index (BMI) than people who are not. It helps to improve kidney functions, lower blood sugar levels, and lower the risk of heart diseases. The number of people who follow the vegan lifestyle is expected to increase during the forecast period in countries such as the US and China. For instance, in 2019, nearly 0.5% of the total US population was vegan. Italy had the highest percentage of the vegan population in Europe in 2018 (nearly 1% of the country s total population was vegan). The vegan population base in Germany increased by about 44% between 2014 and 2017. In the UK, around 1% of the total population followed the vegan lifestyle in 2019, and the number is expected to increase during the forecast period. In China, the number of people who are vegan is increasing, and it is expected to increase during the forecast period, aiding in global growth of the market.

Key Plant-based Meat Market Trend

The changing consumer demographics is another factor supporting the global plant-based meat market share growth. The rising health consciousness among consumers is leading to a higher demand for more healthy food and beverage products. The past few years have witnessed an increase in the incidence of chronic health problems such as diabetes, digestive disorders, allergies, and obesity among consumers globally. Hence, people have become health conscious and want to follow a healthier diet that prevents or reduces the risks of these diseases. The health-conscious population is seeking food products with fewer calories but with the right combination of essential nutrients. Therefore, the rising preference for healthy eating has increased the demand for healthy food ingredients, which is expected to propel the growth of the global plant based meat market during the forecast period. More than 21% of the Baby Boomer population was willing to spend premium prices on health food ingredients. These factors are expected to help the growth of the global plant based meat market during the forecast period.     

Key Plant-based Meat Market Challenge

The increasing consumption of animal meat will be a major challenge for the global plant-based meat market share growth during the forecast period. The consumption of animal meat and related products is expected to increase during the forecast period, owing to the growing population, increasing disposable income, and the rising demand for protein-rich food products. The consumption of meat such as pork, beef, and chicken is increasing in several countries, such as the US, China, India, and Russia. China, Brazil, and India were the other major consumers of beef and veal in 2018. In terms of volume, China was the largest consumer of pork in 2018. The US, Russia, and Brazil were the other major consumers of pork in 2018. In terms of volume, the consumption of chicken in the US and China increased by more than 2% and 1%, respectively, during 2019-2020. Due to such reasons, the increasing consumption of animal meat products will adversely impact the growth of the global plant based meat market during the forecast period.

This plant-based meat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the the global plant based meat market as part of the global packaged foods and meat market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the plant-based meat market during the forecast period.

Who are the Major Plant-based Meat Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Beyond Meat Inc.
  • Ecozone UK Ltd.
  • Gathered Foods Corp.
  • Impossible Foods Inc.
  • Maple Leaf Foods Inc.
  • Monde Nissin Corp.
  • The Kraft Heinz Co.
  • The Tofurky Co. Inc.
  • Tyson Foods Inc.
  • Unilever Group

 

This statistical study of the plant-based meat market encompasses successful business strategies deployed by the key vendors. The plant-based meat market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

  • Beyond Meat Inc.- The company offers Go Beyond Breakfast, a plant based patties, Beyond Meatballs, plant based meatballs and other products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The plant-based meat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Plant-based Meat Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the plant-based meat market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global packaged foods and meat market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Plant-based Meat Market?

For more insights on the market share of various regions Request for a FREE sample now!

40% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for plant-based meat market in North America. Market growth in this region will be faster than the growth of the market in all other regions.

The growing health-consciousness among consumers, the rising concerns about the environmental impacts of meat production, and the increasing number of new product launches will facilitate the plant-based meat market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Plant-based Meat Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The plant-based meat market share growth by the plant based beef segment will be significant during the forecast period. The growing health consciousness among consumers is increasing the demand for plant-based protein products, particularly, plant-based beef. In addition, the increasing number of product launches and innovations will drive the growth of plant-based beef products.

This report provides an accurate prediction of the contribution of all the segments to the growth of the plant-based meat market size and actionable market insights on post COVID-19 impact on each segment.

 

Plant-based Meat Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 25.14%

Market growth 2021-2025

$ 7.21 billion

Market structure

Fragmented

YoY growth (%)

23.11

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, UK, Germany, Italy, France, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Plant-based Meat Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive plant-based meat market growth during the next five years
  • Precise estimation of the plant-based meat market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plant-based meat industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of plant-based meat market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis – Packaged foods and meat

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Plant based beef - Market size and forecast 2020-2025
      • Exhibit 17: Plant based beef - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Plant based beef - Year-over-year growth 2020-2025 (%)
    • 5.4 Plant based chicken - Market size and forecast 2020-2025
      • Exhibit 19: Plant based chicken - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Plant based chicken - Year-over-year growth 2020-2025 (%)
    • 5.5 Plant based pork - Market size and forecast 2020-2025
      • Exhibit 21: Plant based pork - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Plant based pork - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Type
      • Exhibit 25: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 42: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 43: Landscape disruption
          • Exhibit 44: Industry risks
        • 9.3 Competitive Landscape

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 45: Vendors covered
          • 10.2 Market positioning of vendors
            • 10.3 Beyond Meat Inc.
              • Exhibit 47: Beyond Meat Inc. - Overview
              • Exhibit 48: Beyond Meat Inc. - Business segments
              • Exhibit 49: Beyond Meat Inc. - Key news
              • Exhibit 50: Beyond Meat Inc. - Key offerings
            • 10.4 Ecozone UK Ltd.
              • Exhibit 51: Ecozone UK Ltd. - Overview
              • Exhibit 52: Ecozone UK Ltd. - Product and service
              • Exhibit 53: Ecozone UK Ltd. - Key offerings
            • 10.5 Gathered Foods Corp.
              • Exhibit 54: Gathered Foods Corp. - Overview
              • Exhibit 55: Gathered Foods Corp. - Product and service
              • Exhibit 56: Gathered Foods Corp. - Key news
              • Exhibit 57: Gathered Foods Corp. - Key offerings
            • 10.6 Impossible Foods Inc.
              • Exhibit 58: Impossible Foods Inc. - Overview
              • Exhibit 59: Impossible Foods Inc. - Product and service
              • Exhibit 60: Impossible Foods Inc. - Key offerings
            • 10.7 Maple Leaf Foods Inc.
              • Exhibit 61: Maple Leaf Foods Inc. - Overview
              • Exhibit 62: Maple Leaf Foods Inc. - Business segments
              • Exhibit 63: Maple Leaf Foods Inc. - Key news
              • Exhibit 64: Maple Leaf Foods Inc. - Key offerings
              • Exhibit 65: Maple Leaf Foods Inc. - Segment focus
            • 10.8 Monde Nissin Corp.
              • Exhibit 66: Monde Nissin Corp. - Overview
              • Exhibit 67: Monde Nissin Corp. - Product and service
              • Exhibit 68: Monde Nissin Corp. - Key news
              • Exhibit 69: Monde Nissin Corp. - Key offerings
            • 10.9 The Kraft Heinz Co.
              • Exhibit 70: The Kraft Heinz Co. - Overview
              • Exhibit 71: The Kraft Heinz Co. - Business segments
              • Exhibit 72: The Kraft Heinz Co. - Key news
              • Exhibit 73: The Kraft Heinz Co. - Key offerings
              • Exhibit 74: The Kraft Heinz Co. - Segment focus
            • 10.10 The Tofurky Co. Inc.
              • Exhibit 75: The Tofurky Co. Inc. - Overview
              • Exhibit 76: The Tofurky Co. Inc. - Product and service
              • Exhibit 77: The Tofurky Co. Inc. - Key offerings
            • 10.11 Tyson Foods Inc.
              • Exhibit 78: Tyson Foods Inc. - Overview
              • Exhibit 79: Tyson Foods Inc. - Business segments
              • Exhibit 80: Tyson Foods Inc. - Key offerings
              • Exhibit 81: Tyson Foods Inc. - Segment focus
            • 10.12 Unilever Group
              • Exhibit 82: Unilever Group - Overview
              • Exhibit 83: Unilever Group - Business segments
              • Exhibit 84: Unilever Group - Key news
              • Exhibit 85: Unilever Group - Key offerings
              • Exhibit 86: Unilever Group - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 87: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 88: Research Methodology
                • Exhibit 89: Validation techniques employed for market sizing
                • Exhibit 90: Information sources
              • 11.4 List of abbreviations
                • Exhibit 91: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your FREE sample now!
              The plant-based meat market market growth will increase by $$ 7.21 bn during 2022-2025.
              The plant-based meat market market is expected to grow at a CAGR of 25.14% during 2022-2025.
              Technavio has segmented the plant-based meat market market by type (plant based beef, plant based chicken, plant based pork, and others) ,geography (North America, Europe, APAC, South America, and MEA) , and geographic (North America, Europe, APAC, South America, and MEA).
              Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., Unilever Group are a few of the key vendors in the plant-based meat market market.
              North America will register the highest growth rate of 40% among the other regions. Therefore, the plant-based meat market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the plant-based meat market market growth are:
              • New product launches
              • Changing consumer demographics
              The plant-based meat market market vendors should focus on grabbing business opportunities from the plant based beef segment as it accounted for the largest market share in the base year.
              Safe and Secure SSL Encrypted
              Technavio

              Single User:

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Want to customize this report?

              This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

              We offer $1000 worth of FREE customization at the time of purchase
              Technavio
              Enquire Before Buying
              1. Home
              2. Consumer Staples
              3. Published Report
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>