1 / 4

Plant-based Meat Market Size, Trends, Opportunities, and Leading Players

The global plant-based meat market is estimated to be valued at USD 7.9 billion in 2022. It is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027.

edward72
Télécharger la présentation

Plant-based Meat Market Size, Trends, Opportunities, and Leading Players

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Plant-based Meat Market Size, Trends, Opportunities, and Leading Players Plant-basedmeatreferstofoodproductsthatresembletraditionalanimalmeatintaste,texture,andappearancebutaremadeentirelyfromplant-basedingredients.Theseproductsaredesignedtomimicthesensoryexperienceofconsumingmeatwithoutusinganimal-derivedingredients.Commonsourcesforplant-based meatincludesoy,wheat,peas,mushrooms,andothervegetables,whichareoftenprocessedandcombinedwithvariousflavouringsandbinderstocreateproductslikeburgers,sausages,nuggets,andmore.Plant-basedmeathasgainedpopularityduetoenvironmental,ethical,andhealthconcernsassociatedwithtraditionalmeatproduction,aswellastheincreasingdemandforvegetarianandveganalternatives. Theglobalplant-basedmeatmarketisestimatedtobevaluedatUSD7.9billionin2022.ItisprojectedtoreachUSD15.7billionby2027,withaCAGRof14.7%,intermsofvaluebetween2022and2027. Plant-basedMeatMarketTrends Herearesomeoftheplant-based meat market trends: IncreasingHealthConsciousness:Withgrowingawarenessaboutthehealthbenefitsofplant-baseddiets,moreconsumersareoptingforplant-basedmeatalternativesastheyseekhealthierproteinsources.Plant-basedmeatsareoftenperceivedaslowerinsaturatedfatsandcholesterolcomparedtotraditionalmeatproducts. EnvironmentalConcerns:Concernsabouttheenvironmentalimpactofconventionalmeatproduction,includingdeforestation,greenhousegasemissions,andwaterusage,haveledconsumerstoexploreplant-basedalternativesasamoresustainableoption.Manyconsumersaremotivatedbythedesiretoreducetheircarbonfootprintandmitigateclimatechange. ExpansionofProductOfferings:Theplant-based meat markethaswitnessedasurgeinproductinnovationandvariety.Companiesareconstantlyintroducingnewplant-basedmeatproducts,rangingfromburgersandsausagestochickennuggetsandseafoodalternatives.Thisexpandedproductrangecaterstodiverseconsumerpreferencesanddietaryrequirements. ImprovedTasteandTexture:Advancementsinfoodtechnologyhaveenabledmanufacturerstodevelopplant-basedmeatproductsthatcloselymimicthetaste,texture,andmouthfeeloftraditionalmeat.Enhancedflavorprofilesandrealistictextureshavehelpedovercomebarrierstoadoptionamongconsumerswhowerepreviouslyskepticalaboutplant-basedalternatives.

  2. RetailandFoodserviceAdoption:Plant-basedmeatproductsareincreasinglyavailableinmainstreamretailoutlets,restaurants,andfast-foodchains.Thegrowingpresenceofplant-basedoptionsonmenusandgrocerystoreshelvesreflectsincreasingconsumerdemandandacceptance.Collaborationbetweenfoodmanufacturersandfoodserviceprovidershasfacilitatedbroaderaccessibilityandvisibilityofplant-basedmeatproducts.RetailandFoodserviceAdoption:Plant-basedmeatproductsareincreasinglyavailableinmainstreamretailoutlets,restaurants,andfast-foodchains.Thegrowingpresenceofplant-basedoptionsonmenusandgrocerystoreshelvesreflectsincreasingconsumerdemandandacceptance.Collaborationbetweenfoodmanufacturersandfoodserviceprovidershasfacilitatedbroaderaccessibilityandvisibilityofplant-basedmeatproducts. CelebrityEndorsementsandMediaCoverage:Endorsementsfromcelebrities,influencers,andprominentfiguresinthehealthandenvironmentaladvocacyspacehavecontributedtothemainstreamacceptanceofplant-baseddietsandproducts.Mediacoveragehighlightingthebenefitsofplant-basedeatingandtheethicalconsiderationssurroundinganimalagriculturehasfurtherfueledconsumerinterestinplant-basedmeatalternatives. InvestmentandIndustryGrowth:Theplant-basedmeatmarkethasattractedsignificantinvestmentfrombothtraditionalfoodcompaniesandventurecapitalfirms.Thisinfluxofcapitalhassupportedtheexpansionofproductioncapacity,researchanddevelopmentinitiatives,andmarketingeffortswithintheplant-based meat industry.Asaresult,themarketisexperiencingrapidgrowthandheightenedcompetitionamongmarketplayers. Plant-basedMeatMarketOpportunities:Increaseinconsumers’ focusonmeatalternatives Variousfoodproductssuchasmeatpattiesandsausagesarebeingreplacedbyplant-based/plant-infusedmeatproducts,consideringthegrowinghealthawarenessamongconsumers,whichisexpectedtodrivedemandforplant-based meatproducts.AccordingtoTheFoodScienceandHealthDatabaseOrganization,in2018,“22millionUKcitizensnowidentifyasbeinga‘flexitarian,’ viewednotasafaddiet,butinstead,apermanentlifestylechoice,notablymostpopularamonghighlyinfluentialmillennials.” Thus,theincreasingveganandflexitarianpopulationisabigopportunityforplant-basedmeatmanufacturersintheindustryduringtheforecastperiod. Thefoodretailsegmentamongdistributionchannelsisestimatedtohavethelargestmarket Basedonthedistributionchannel,thefoodretailsegmentisestimatedtoaccountforthelargestshareoftheplant-basedmeatmarketin2022.Foodretailreferstooperatingretail,supermarkets,hypermarketstores,andotherstoreswherevariousproducts,suchasgroceryitems,vegetables,uncookedmeat,andfrozenproducts,aremadeavailabletoconsumers.Thedistributionchannelisalreadypopularamongconsumersworldwideduetothewideavailabilityofvariousproducts.Therefore,thisdistributionchannelisbeingusedbyestablishedplant-basedmeatcompaniesand

  3. startupstoincreasethepenetrationoftheirproductsinthemarket,makingitthelargestsegmentduringtheforecastperiodintheplant-basedmeatmarket.startupstoincreasethepenetrationoftheirproductsinthemarket,makingitthelargestsegmentduringtheforecastperiodintheplant-basedmeatmarket. MakeanInquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=44922705 NorthAmericaisthefastest-growingregioninplantbasedmeatmarket. NorthAmericaisthefastest-growingregion,withasignificantCAGRintheplant-basedmeatmarket.ForAmericanconsumers,meatisaveryprominentpartoftheirdiets.However,asmanyresearchershighlightedthehealthrisksrelatedtotheconsumptionofredmeat,consumersareincreasinglyshiftingtowardplant-baseddietsastheyareahealthieroptioncomparedtoanimalmeat.Manyconsumersintheregionareadoptingflexitarianlifestylesandincorporatingplant-basedfoodsintotheirdailydiets.Alongwiththis,thetrendofveganismisgainingmomentumintheregion,whichisfurthercontributingtothegrowthoftheplant-basedmeatmarket. TopCompaniesinPlant-basedMeatMarket Herearesomeoftheplant-based meat market shares: BeyondMeat(US) KelloggCompany(US) ImpossibleFoodsInc.(US) MapleLeafFoods(Canada) Unilever(UK) ConagraFoods(US) Tofurky(US) Gold&GreenFoodsLtd(Finland) Sunfed(NewZealand) MondeNissin(Philippines) RequestforSamplePages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=44922705 Plant-basedMeatMarketTargetAudience: • Meatalternativemanufacturersandsuppliers • Technologyproviderstomeatalternativemanufacturers • Processedmeatalternativemanufacturers/suppliers • CommercialResearchandDevelopment(R&D)institutionsandinstitutions • Tradeassociationsandindustrybodies financial

  4. Governmentorganizations,researchorganizations,andconsultingfirmsGovernmentorganizations,researchorganizations,andconsultingfirms • Importersandexportersofmeatsubstitutes • Associations,regulatorybodies,andotherindustry-relatedbodies: • FoodandDrugAdministration(FDA) • EuropeanFoodSafetyAgency(EFSA) • FoodProcessingSuppliersAssociation(FPSA) • FoodStandardsAustraliaNewZealand • EuropeanFoodInformationCouncil(EUFIC) • GoodFoodInstitute(GFI) • Plant-basedFoodAssociation(PBFA) • KeyQuestionsAddressedbythePlant-Based MeatMarket Report: • Whatisplant-basedmeat? • Whatarethemaintypesofplant-basedmeat? • Isplant-basedmeatgood? • Whatisthecurrentsizeoftheglobalplant-basedmeatmarket? • WhicharetheleadingplantbasedmeatmanufacturersintheUSA?

More Related