$12 Billion Plant-based Meat Market - Global and Forecast to 2025
Sep 15, 2020, 08:30 ET
DUBLIN, Sept. 15, 2020 /PRNewswire/ -- The "Plant-based Meat Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Plant-based Meat Market Report
The global plant-based meat market by revenue is expected to grow at a CAGR of over 18% during the period 2019-2025.
The global plant-based meat market size by revenue is likely to cross $12 billion by 2025, growing at a CAGR of more than 18% during the forecast period. The industry landscape is currently witnessing increasingly frequent product launches, representing a growing investment in R&D that continues to stimulate the development of highly sophisticated products. Taste, texture, and mouthfeel of products will continue to improve with further ingredient and processing advancements. Globally, consumers are becoming aware and are increasingly looking for healthy, ethical, and cost-effective products with a low environmental impact, which is driving the demand for plant-based alternatives.
With the growing global population and a major shift in food production and consumption, there has been a demand for rich protein-based food. As people around the world are becoming affluent with veganism, flexitarians, and the impact of meat on the environment, the industry is expected to grow significantly. However, despite the rapid success of this type of food, the sector requires overcoming several challenges to become reliable sources of food and proteins.
The following factors are likely to contribute to the growth of the plant-based meat market during the forecast period:
- Demand for Cleaner Labelling
- Increase in Investments in Plant-based Market
- Growth in Technology & Innovation
- Growth of Direct to Consumer Models
INSIGHTS BY VENDORS
The focus of vendors in the global plant-based meat market has primarily been to draw the attention of consumers and generate appeal for vegan meat. Impossible Foods, Beyond Meat, and several other not-so-established start-ups are trying to find the right combination of coconut oil, peas, potato, or other proteins and other plant-based ingredients to create a product that is comparable to conventional meat products such as ground beef. Plant-based and cultured meat companies are actively pursuing to satisfy carnivorous-leaning taste buds. Vendors are trying to layer flavor over flavor, color over color, texture over texture.
KEY QUESTIONS ANSWERED
1. What is the global plant-based meat market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the global plant-based meat market share?
3. What are the drivers, trends, and restraints in the market?
4. Who are the leading plant-based meat companies, and what is the growth of Beyond Meat market share?
5. What is the impact of the COVID-19 pandemic on the plant-based meat market share?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 COVID-19 Impact
8.1 Impact of COVID-19 on Plant-Based Meat Market
9 Market Opportunities & Trends
9.1 Growing Demand For Cleaner Labeling
9.2 Growing Investment In Plant-Based Food Market
9.3 Growth In Technology And Innovation
9.4 Growth Of Direct To Consumer Models
10 Market Growth Enablers
10.1 Growth Of Vegan Population
10.2 Growing Concerns Regarding Environmental Sustainability
10.3 Changing Consumption Pattern
10.4 Availability Of Soy-And-Gluten-Free Meat
11 Market Restraints
11.1 Fluctuating Price Of Raw Materials
11.2 Government Regulations And Safety Standards
11.3 Barriers To Reduction Of Meat Consumption
12 Market Landscape
12.1 Market Overview
12.2 Five Forces Analysis
12.2.1 Threat of New Entrants
12.2.2 Bargaining Power of Suppliers
12.2.3 Bargaining Power of Buyers
12.2.4 Threat of Substitutes
12.2.5 Competitive Rivalry
13 Source Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Soy
13.4 Pea
13.5 Wheat
13.6 Others
14 Meat Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Beef
14.4 Chicken
14.5 Pork
14.6 Fish
14.7 Others
15 Storage Type
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Frozen
15.4 Refrigerated
15.5 Shelf Stable
16 Distribution
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Supermarkets & Hypermarkets
16.4 Convenience Stores
16.5 Specialty Stores
16.6 Online Channels
16.7 Others
17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
Key Company Profiles
- Beyond Meat
- Morningstar Farms
- Gardein
- Field Roast
- Turtle Island Food
- Impossible Foods
- Pure Farmland
- Sweet Earth
- Happy Little Plants
- Good Catch
- Tyson Foods
- Hungry Planet
- Next Level Burger
- Abbot's Butcher
- Atlantic Natural Foods
- Don Lee Farms
- Dr. Prager's Sensible Foods
- No Evil Foods
- Ocean Hugger Foods
- Sophie's Kitchen
- VBites Food Limited
For more information about this report visit https://www.researchandmarkets.com/r/rkayct
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