Plant-based Meat Market

Plant-based Meat Market

Plant-based Meat Market by Source (Soy, Wheat, Pea and Others), By Product Type (Burger patty, Sausage, Nugget, Ground Meat and Others), By End-Users (HoReCa and Household/Retail), and By Geography – Opportunities & Forecast, 2020-2027

GMI Research

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This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Plant-based Meat Market: • Beyond Meat Inc. • Tyson Foods Inc. • Royal Wessanen • Marfrig Global Foods S.A. • Nestle S.A. • Pinnacle Foods Inc. (Subsidiary of Conagra Brands, Inc.) • MorningStar Farms (Division of Kellogg Company) • Impossible Foods Inc. • Orkla Foods (Brand name is Naturli) • Maple Leaf Foods Inc. • Sunfed Ltd. • Quorn Foods • Amy’s Kitchen • VBites The key drivers of the Plant-based Meat Market are as follows: The growing vegetarians and the flexitarian population as consumers are becoming more health-conscious, and significantly shift towards healthier diets are certain factors surging the growth of the plant-based meat market. The introduction of plantbased meat, which has juiciness, meaty texture, and more fibrous consistency like meat, followed by rising concern towards animal welfare and greenhouse gas emission, is driving the plant-based meat market growth. Moreover, the rise in the vegetarian and vegan population globally is one of the key drivers boosting the growth of the plant-based meat market. In addition to this, growing consumer awareness of 2

potential advantages of vegetarian diets such as decreased insulin levels, improved kidney function, and a lower rate of heart disease will bolster the market growth. Soy is widely used to prepare plant-based alternatives for different red & white meat products such as pork, chicken, fish, and beef. Furthermore, increasing research & development efforts by plant-based meat manufacturers regarding texture, better aroma, better nutritious profiles, and longer shelf life are some other factors fuelling the growth of the global plant-based meat market during the forecast period.

Increasing penetration and growing adoption of the omnichannel approach is projected to fuel the e-commerce sales channels in the market. The emergence of the Covid-19 pandemic, which led to the imposition of lockdowns in major cities globally, is a major factor propelling online shopping. This factor is expected to require the distributors to switch to online retailing channels.

The study objectives of this report are: 1. To study and forecast the size of the market.

2. To analyze the key players, SWOT analysis, value, and market share for the leading players.

3. To define, describe, and forecast the market by different segments.

4. To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Plant-based Meat Market: Breakup by Source Type: • Soy • Wheat • Pea • Others Breakup by Product: • Burger patty • Sausage • Nugget 3

• Ground Meat • Others Breakup by End-Users: • HoReCa • Household/Retail Breakup by Region: • North America o United States of America o Canada • Asia Pacific o China o Japan o India o Rest of APAC • Europe o United Kingdom o Germany o France o Spain o Rest of Europe • RoW o Brazil o South Africa o Saudi Arabia o UAE o Rest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the 4

specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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