Global Plant-based Meat Market Size Study, by Source (Soy, Wheat, Blends, Pea), by Product (Burgers, Sausages, Patties, Nuggets, Tenders & Cutlets, Grounds, Others), by Type (Chicken, Pork, Beef, Fish, Others), by End User (Retail, HORECA), by Storage (Refrigerated, Frozen, Shelf-stable) and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: GBAA775B3C9AEN
Bizwit Research & Consulting LLP

Abstracts

The Global Plant-based Meat Market is valued at approximately USD 7.1 billion in 2023 and is anticipated to grow with an impressive CAGR of 19.4% over the forecast period 2024-2032. Plant-based meat represents a dynamic shift in the food industry, offering consumers an alternative to traditional meat products while addressing environmental concerns, health considerations, and ethical preferences. These products, derived from soy, pea, and other protein sources, are meticulously crafted to mimic the taste, texture, and nutritional profile of conventional meat. With the escalating demand for sustainable food solutions and the growing global population, plant-based meat has cemented itself as a vital innovation for addressing future food security.

The market's growth is driven by several transformative factors. The increasing awareness regarding the environmental impact of animal agriculture, coupled with consumer preference for healthier food options, is propelling the demand for plant-based alternatives. Major food chains and retailers are integrating plant-based meat options into their menus and shelves, further amplifying market penetration. Additionally, advancements in food technology, such as the development of novel protein isolates and fermentation methods, are revolutionizing product quality and scalability. However, challenges such as high production costs, taste optimization, and consumer skepticism in emerging markets could temper the growth potential.

The regional dynamics highlight the global appeal and adoption of plant-based meat. North America continues to dominate the market due to a strong presence of key players and widespread consumer acceptance of plant-based products. The region also benefits from proactive marketing campaigns and significant investments in innovation by companies like Beyond Meat and Impossible Foods. Meanwhile, Europe is emerging as a frontrunner in regulatory support for sustainable food practices and increased adoption across retail and HORECA sectors. On the other hand, the Asia Pacific region is poised to witness the fastest growth, fueled by rising health consciousness, urbanization, and an expanding middle class with disposable income.

Major players in the plant-based meat industry are intensifying their efforts to capture a larger market share through partnerships, innovative product launches, and strategic acquisitions. These companies are focusing on delivering high-quality, diverse, and affordable products while expanding their distribution networks. By collaborating with food service providers and leveraging digital platforms, they are ensuring sustained growth and increased consumer reach.

Major market players included in this report are:

1. Beyond Meat

2. Impossible Foods Inc.

3. Maple Leaf Foods

4. Nestlй S.A.

5. Tyson Foods, Inc.

6. Kellogg’s Company

7. Conagra Brands, Inc.

8. The Vegetarian Butcher (Unilever)

9. MorningStar Farms

10. Tofurky Co.

11. Amy’s Kitchen

12. Gardein (Conagra)

13. Good Catch

14. Quorn Foods

15. Lightlife Foods

The detailed segments and sub-segment of the market are explained below:

By Source

• Soy
• Wheat
• Blends
• Pea

By Product

• Burgers
• Sausages
• Patties
• Nuggets
• Tenders & Cutlets
• Grounds
• Others

By Type

• Chicken
• Pork
• Beef
• Fish
• Others

By End User

• Retail
• HORECA (Hotel, Restaurant, Cafe/Catering)

By Storage

• Refrigerated
• Frozen
• Shelf-stable

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032

Key Takeaways:

• Comprehensive market estimates and forecasts for a decade.
• Regional insights with detailed country-level analysis.
• Thorough competitive landscape analysis and business strategies of key players.
• Actionable recommendations for stakeholders to capitalize on market opportunities.
• An in-depth analysis of supply and demand trends shaping the market.

Contents

CHAPTER 1. GLOBAL PLANT-BASED MEAT MARKET EXECUTIVE SUMMARY

1.1. Global Plant-based Meat Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Source
  1.3.2. By Product
  1.3.3. By Type
  1.3.4. By End User
  1.3.5. By Storage
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL PLANT-BASED MEAT MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL PLANT-BASED MEAT MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Environmental Concerns over Animal Agriculture
  3.1.2. Growing Consumer Preference for Healthy and Sustainable Food Options
  3.1.3. Technological Advancements in Plant-based Meat Production
  3.1.4. Increased Investment and Partnerships in the Industry
3.2. Market Challenges
  3.2.1. High Production Costs of Plant-based Meat Products
  3.2.2. Taste and Texture Optimization Challenges
  3.2.3. Consumer Skepticism in Emerging Markets
3.3. Market Opportunities
  3.3.1. Expansion into Emerging Economies
  3.3.2. Development of Novel Protein Sources
  3.3.3. Collaborations with Food Service Providers

CHAPTER 4. GLOBAL PLANT-BASED MEAT MARKET INDUSTRY ANALYSIS

4.1. Porter’s Five Forces Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s Five Forces Model
  4.1.7. Porter’s Five Forces Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PLANT-BASED MEAT MARKET SIZE & FORECASTS BY SOURCE 2022-2032

5.1. Segment Dashboard
5.2. Global Plant-based Meat Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Soy
  5.2.2. Wheat
  5.2.3. Blends
  5.2.4. Pea

CHAPTER 6. GLOBAL PLANT-BASED MEAT MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

6.1. Segment Dashboard
6.2. Global Plant-based Meat Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Burgers
  6.2.2. Sausages
  6.2.3. Patties
  6.2.4. Nuggets
  6.2.5. Tenders & Cutlets
  6.2.6. Grounds
  6.2.7. Others

CHAPTER 7. GLOBAL PLANT-BASED MEAT MARKET SIZE & FORECASTS BY TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Plant-based Meat Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Chicken
  7.2.2. Pork
  7.2.3. Beef
  7.2.4. Fish
  7.2.5. Others

CHAPTER 8. GLOBAL PLANT-BASED MEAT MARKET SIZE & FORECASTS BY END USER 2022-2032

8.1. Segment Dashboard
8.2. Global Plant-based Meat Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Retail
  8.2.2. HORECA (Hotel, Restaurant, Cafe/Catering)

CHAPTER 9. GLOBAL PLANT-BASED MEAT MARKET SIZE & FORECASTS BY STORAGE 2022-2032

9.1. Segment Dashboard
9.2. Global Plant-based Meat Market: Storage Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. Refrigerated
  9.2.2. Frozen
  9.2.3. Shelf-stable

CHAPTER 10. GLOBAL PLANT-BASED MEAT MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Plant-based Meat Market
  10.1.1. U.S. Plant-based Meat Market
    10.1.1.1. Source Breakdown Size & Forecasts, 2022-2032
    10.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
    10.1.1.3. Type Breakdown Size & Forecasts, 2022-2032
    10.1.1.4. End User Breakdown Size & Forecasts, 2022-2032
    10.1.1.5. Storage Breakdown Size & Forecasts, 2022-2032
  10.1.2. Canada Plant-based Meat Market
    10.1.2.1. Source Breakdown Size & Forecasts, 2022-2032
    10.1.2.2. Product Breakdown Size & Forecasts, 2022-2032
    10.1.2.3. Type Breakdown Size & Forecasts, 2022-2032
    10.1.2.4. End User Breakdown Size & Forecasts, 2022-2032
    10.1.2.5. Storage Breakdown Size & Forecasts, 2022-2032
10.2. Europe Plant-based Meat Market
  10.2.1. UK Plant-based Meat Market
    10.2.1.1. Source Breakdown Size & Forecasts, 2022-2032
    10.2.1.2. Product Breakdown Size & Forecasts, 2022-2032
    10.2.1.3. Type Breakdown Size & Forecasts, 2022-2032
    10.2.1.4. End User Breakdown Size & Forecasts, 2022-2032
    10.2.1.5. Storage Breakdown Size & Forecasts, 2022-2032
  10.2.2. Germany Plant-based Meat Market
... (Similar breakdown as above)
  10.2.3. France Plant-based Meat Market
  10.2.4. Spain Plant-based Meat Market
  10.2.5. Italy Plant-based Meat Market
  10.2.6. Rest of Europe Plant-based Meat Market
10.3. Asia Pacific Plant-based Meat Market
  10.3.1. China Plant-based Meat Market
... (Similar breakdown as above)
  10.3.2. India Plant-based Meat Market
  10.3.3. Japan Plant-based Meat Market
  10.3.4. Australia Plant-based Meat Market
  10.3.5. South Korea Plant-based Meat Market
  10.3.6. Rest of Asia Pacific Plant-based Meat Market
10.4. Latin America Plant-based Meat Market
  10.4.1. Brazil Plant-based Meat Market
... (Similar breakdown as above)
  10.4.2. Mexico Plant-based Meat Market
  10.4.3. Rest of Latin America Plant-based Meat Market
10.5. Middle East & Africa Plant-based Meat Market
  10.5.1. Saudi Arabia Plant-based Meat Market
... (Similar breakdown as above)
  10.5.2. South Africa Plant-based Meat Market
  10.5.3. Rest of Middle East & Africa Plant-based Meat Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Beyond Meat
  11.1.2. Impossible Foods Inc.
  11.1.3. Nestlй S.A.
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Beyond Meat
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Impossible Foods Inc.
  11.3.3. Maple Leaf Foods
  11.3.4. Tyson Foods, Inc.
  11.3.5. Kellogg’s Company
  11.3.6. Conagra Brands, Inc.
  11.3.7. The Vegetarian Butcher (Unilever)
  11.3.8. MorningStar Farms
  11.3.9. Tofurky Co.
  11.3.10. Amy’s Kitchen
  11.3.11. Gardein (Conagra)
  11.3.12. Good Catch
  11.3.13. Quorn Foods
  11.3.14. Lightlife Foods
  11.3.15. Maple Leaf Foods

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Plant-based Meat Market, Report Scope
TABLE 2. Global Plant-based Meat Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Plant-based Meat Market Estimates & Forecasts by Source 2022-2032 (USD Billion)
TABLE 4. Global Plant-based Meat Market Estimates & Forecasts by Product 2022-2032 (USD Billion)
TABLE 5. Global Plant-based Meat Market Estimates & Forecasts by Type 2022-2032 (USD Billion)
TABLE 6. Global Plant-based Meat Market Estimates & Forecasts by End User 2022-2032 (USD Billion)
TABLE 7. Global Plant-based Meat Market Estimates & Forecasts by Storage 2022-2032 (USD Billion)
TABLE 8. North America Plant-based Meat Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. Europe Plant-based Meat Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Plant-based Meat Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Latin America Plant-based Meat Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Middle East & Africa Plant-based Meat Market Estimates & Forecasts, 2022-2032 (USD Billion)
Note: This list is not exhaustive; the final report contains more than 100 tables. The list may be updated in the final deliverable.