Plant-based meat Market Scope & Overview
The plant-based meat market is projected to be valued at USD 6.16 billion by 2022 and is expected to reach USD 26.17 billion by 2030, with a compound annual growth rate (CAGR) of 19.8% in terms of value.
This forecast highlights the significant growth potential of the Plant-Based Meat Market in the coming years. As consumer preferences shift towards healthier and more sustainable food options, the demand for plant-based meat products is expected to soar.
The rising awareness about the environmental impact of traditional meat production, coupled with concerns over animal welfare, has fueled the adoption of plant-based alternatives. Moreover, advancements in food technology have enabled manufacturers to create meat substitutes that closely mimic the taste and texture of animal-based products, further driving the market growth.
The increasing availability of plant-based meat products in various retail channels, including supermarkets, restaurants, and online platforms, has also contributed to the market expansion. Consumers now have greater access to a wide range of plant-based meat options, making it easier for them to incorporate these products into their diets.
Furthermore, government initiatives promoting sustainable agriculture and reducing greenhouse gas emissions have provided a favorable regulatory environment for the plant-based meat market. This has encouraged investment in research and development, leading to continuous innovation and improvement in product quality.
In conclusion, the plant-based meat market is poised for remarkable growth in the coming years, driven by shifting consumer preferences, technological advancements, and supportive government policies. With a projected CAGR of 19.8%, reaching a value of USD 26.17 billion by 2030, this industry presents lucrative opportunities for businesses operating in the plant-based food sector.
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Major Key Players Included are:
Major players included in this report are Amy’s Kitchen, Beyond Meat, Garden Protein International, Gold & Green Foods, Greenwise, Impossible Foods, Maple Leaf Foods, Morningstar Farms, Novameat, Omnipork, Quorn Foods, Surfed, The Vegetarian Butcher, Tofurky, V2food, VBites, and Zikooin.
Market Segmentation & Sub-segmentation included are:
By Source:
l Soy
l Pea
l Wheat
By Product:
l Burgers
l Sausages
l Patties
l Nuggets, Tenders & Cutlets
l Grounds
By Type:
l Chicken
l Pork
l Beef
l Fish
By End-user:
l Retail
l HORECA (Hotel/Restaurant/Café)
By Storage:
l Refrigerated Plant-based Meat
l Frozen Plant-based Meat
l Shelf-stable Plant-based Meat
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1.COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Plant-based meat Market Segmentation, by Product
9.Plant-based meat Market Segmentation, by Source
10.Plant-based meat Market Segmentation, by Type
11.Plant-based meat Market Segmentation, by End-user
12.Plant-based meat Market Segmentation, by Storage
13.Regional Analysis
14.Company Profiles
15.Competitive Landscape
16.Conclusion
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