The findings reviewed by GME stated that the Global Plant-based Meat Market will expand with a CAGR value of 19.4 percent from 2021 to 2026. The rising awareness about the benefits of consuming vegan and plant-based protein is driving this market to achieve a high growth rate.
Browse 159 Market Data Tables and 119 Figures spread through 189 Pages and in-depth TOC on "Global Plant-based Meat Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-plant-based-meat-market-3034
By Source (Soy, Pea, Wheat, and Others), By Product (Burgers, Sausages, Patties, Nuggets, Tenders & Cutlets, Grounds, and Others), By Type (Chicken, Pork, Beef, Fish, and Others), By End-User (Retail and HORECA), By Storage (Refrigerated, Frozen, and Shelf-stable), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
· The market for soy will be the largest because of its easy availability and meat-like consistency.
· The market segment of burgers will possess a larger share than other segments because of the growing number of food chains and restaurants serving only plant-based meals.
· The market for frozen plant-based meat will be growing faster because it sustains high saturated fat levels.
· Beyond Meat, Maple Leaf Foods, Impossible Foods Inc., Conagra, Inc., Vegetarian Butcher, Kellogg NA Co., Amy's Kitchen, Inc., Quorn, Tofurky, Sunfed, Gold&Green Foods Ltd., VBites Foods Limited, Lightlife Foods, Inc., Kraft Foods, Inc., Trader Joe's, Marlow Foods Ltd., Yves Veggie Cuisine, Moving Mountains, LikeMeat GmbH, Ojah B.V., Eat JUST Inc., OmniFoods, Dr. Praeger's Sensible Foods, Gooddot, No Evil Foods are some of the main companies producing these plant-based meat products in the whole world.
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Source Outlook (Revenue, USD Billion, 2021-2026)
Product Outlook (Revenue, USD Billion, 2021-2026)
· Tenders & Cutlets
Type Outlook (Revenue, USD Billion, 2021-2026)
End-User Outlook (Revenue, USD Billion, 2021-2026)
Storage Outlook (Revenue, USD Billion, 2021-2026)
Regional Outlook (Revenue, USD Billion, 2021-2026)
Rest of Europe
Rest of APAC
Central & South America
Rest of CSA
Middle East & Africa
Rest of MEA
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Plant-based Meat Market: Insights
Plant-based meat is a substitute made of naturally cultivated products, like soy, potato, mung bean,
peas, wheat, rice, and many other plants. It is similar to animal protein in taste, texture, and
nutritional value. Consumers are becoming more aware of the negative effects of eating animal meat
as awareness of animal rights issues grows.The growing population, coupled with the shift of consumer
preference towards vegan options, is the main driving force leading this market towards growth.
Moreover, doctors’ preferences also play a key role in this market growth. By consuming animal meat,
many heart-related problems can occur in the human body. To tackle this problem, doctors nowadays
advise heart patients to consume plant-based meat because it is high in protein and also contains
different amino acids, manganese, phosphorus, vitamins, etc. However, the high cost of this plant-
based meat is restraining the market to some extent. Also, the penetration of awareness about
consumption of plant-based meat is still very low in the developing countries, where most of the core
demographic population reside. But in the coming years, this penetration issue as well as the high-cost
issue is expected to be solved through technical interventions and more production of organic meat,
which is anticipated to raise the market demand as well as revenue of this market.
Plant-based Meat Market: By Source
According to the sources from which the plant-based meat is produced, the market for the same can
be divided into several categories, such as soy, pea, wheat, and others. However, among these, the
Global Plant-based Meat Market
Global Plant-based Meat Market Size, Trends, and Analysis - Forecast To 2026 By Source (Soy, Pea, Wheat, and Others),
By Product (Burgers, Sausages, Patties, Nuggets, Tenders & Cutlets, Grounds, and Others), By Type (Chicken, Pork