Plant-Based Meat Market to Reach US$ 34 Billion by 2027 | CAGR 25.8% | Size, Share, Trends, Growth, and Research Report 2022-2027

Plant-Based Meat Market to Reach US$ 34 Billion by 2027 | CAGR 25.8% | Size, Share, Trends, Growth, and Research Report 2022-2027Plant-based Meat Market Research Report by 2022-2027The global plant-based meat market reached a value of US$ 8.5 Billion in 2021 and expects to reach US$ 34 Billion by 2027, exhibiting at a CAGR of 25.8% during 2022-2027. Some of the top plant-based meat companies are being Amy's Kitchen, Inc., Beyond Meat, Boca Foods Company (Kraft Foods, Inc.), Garden Protein International (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods, MorningStar Farms (Kellogg Na Co.), Quorn Foods, The Vegetarian Butcher and Vbites Food Limited.

Plant-based Meat Market Overview:

According to the latest report by IMARC Group, titled “Plant-Based Meat Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027”, the global plant-based meat market reached a value of US$ 8.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34 Billion by 2027, exhibiting at a CAGR of 25.8% during 2022-2027. Plant-based meat is a substitute for meat that resembles with similar it in color, texture, appearance, and flavor. It is produced by combining edible oils, plant protein isolates, starch, and various other seasonings. These products Its consumption helps in lowering cholesterol levels, and calories intake while, and minimizing the risks of developing cardiovascular diseases. As a preferred alternative to meat result, these are it is widely used for the preparation of numerous foods across cafes, restaurants, supermarkets, and convenience stores, and others. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The global market is majorly driven by the increasing health consciousness among consumers. This, in confluence with the rising widespread prevalence of chronic lifestyle disorders, has provided a boost to the market growth. Furthermore, the rising trend of veganism among the masses has positively influenced market growth across the globe. Moreover, the growing concern towards animal welfare has also escalated the demand for plant-based meat products. Additionally, the introduction of innovative different plant-based products by several manufacturers for expanding their product portfolios has created a positive outlook for the market. Other factors, including rapid urbanization, changing lifestyles of the consumers dietary preferences of individuals, and their inflating disposable income levels, are also providing have provided an impetus to the market growth.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the top biggest plant-based meat companies are being

Some of these key players include:

  • Amy's Kitchen, Inc.
  • Beyond Meat
  • Boca Foods Company (Kraft Foods, Inc.)
  • Garden Protein International (Conagra Brands, Inc.)
  • Impossible Foods, Inc.
  • Maple Leaf Foods
  • MorningStar Farms (Kellogg Na Co.)
  • Quorn Foods
  • The Vegetarian Butcher
  • Vbites Food Limited

Breakup by Product Type:

  • Burger Patties
  • Sausages
  • Nuggets and Strips
  • Ground Meat
  • Meatballs
  • Others

Breakup by Source:

  • Soy
  • Wheat
  • Peas
  • Others

Breakup by Meat Type:

  • Chicken
  • Beef
  • Pork
  • Others

Breakup by Distribution Channel:

  • Restaurants and Catering Industry
  • Supermarkets and Hypermarkets
  • Convenience and Specialty Stores
  • Online Retail

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • COVID-19 Impacton the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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