Global Plant Based Meat Market : Industry, Size, Share, Growth, Trends and Forecast, 2019–2029 February 2021 Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
Report Snippet Chapter 1 : Table of Contents
Chapter 2: Market Purview
Chapter 3: Market Dynamics
Chapter 4: Global Plant Based Meat Market , By Source
Chapter 5: Global Plant Based Meat Market , By Product
Chapter 6: Global Plant Based Meat Market , By Type
Chapter 7: Global Plant Based Meat Market , By Distribution Channel
Chapter 8: Global Plant Based Meat Market , By Distribution Channel
Chapter 9: Global Plant Based Meat Market , By Region
Chapter 10: Company Profiles
Investment Outlook
Future of the Market
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
2
Table of Contents
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
3
Table of Content Sr. No.
Content
1.0
Chapter 1
Research Methodology Research Objective and Assumption Research Process Scope & Coverage Currency Conversion Rate 2.0
Chapter 2
2.1
Market Purview
2.2
Executive Summary Market Snippet, By Source Market Snippet, By Product
Market Snippet, By Type Market Snippet, By Distribution Channel Market Snippet, By End Distribution Channel Market Snippet, By Region Opportunity Map Analysis
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
4
Table of Content Sr. No.
Content
3.0
Chapter 3
Drivers Restrains Opportunities Trends DR Impact Analysis Porter’s Five Forces Analysis COVID-19 Health Assessment COVID-19 Economic Assessment PEST Analysis Supply Chain Analysis
Value Chain Expansion & Investments New Product Launch Social Media Role Regulatory Role
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
5
Table of Content Sr. No.
Content
4.0
Chapter 4
4.0.1
Global Plant Based Meat Market Value (US$ Bn), By Source Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029
4.1
Soy Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
4.2
Pea Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
4.3
Wheat Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
4.3
Others Overview
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
6
Table of Content Sr. No.
Content Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
5.0
Chapter 5
5.0.1
Global Plant Based Meat Market Value (US$ Bn), By Product Segment Overview
Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029 5.1
Burgers Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
5.2
Sausages Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
5.3
Patties Overview
Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 5.4
Nuggets, Tenders & Cutlets
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
7
Table of Content Sr. No.
Content Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
5.5
Grounds Overview
Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 5.6
Others Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
6.0
Chapter 6
6.0.1
Global Plant Based Meat Market Value (US$ Bn), By Type Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029
6.1
Chicken
Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
8
Table of Content Sr. No.
Content
6.2
Pork Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
6.3
Beef
Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 6.4
Fish Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
6.5
Others Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
7.0
Chapter 7
7.0.1
Global Plant Based Meat Market Value (US$ Bn), By Distribution Channel
Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
9
Table of Content Sr. No.
Content Y-o-Y Growth (%) Analysis, 2019 – 2029
7.1
Household Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
7.2
Horeca Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
8.0
Chapter 8
8.0.1
Global Plant Based Meat Market Value (US$ Bn), By Storage
Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029 8.1
Refrigerated Overview
Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 8.2
Frozen
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
10
Table of Content Sr. No.
Content Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
8.3
Shelf-stable Overview
Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 9.0
Chapter 9
9.0.1
Global Plant Based Meat Market Value (US$ Bn), By Storage Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029
Y-o-Y Growth (%) Analysis, 2019 – 2029 9.1
Supermarket & Hypermarket Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
9.2
Convenience Store
Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
11
Table of Content Sr. No.
Content
9.2
Convenience Store Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
9.2
Specialty Store
Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 9.2
Online Store Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
9.2
Others Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029
10.0
Chapter 10
10.0.1
Global Plant Based Meat Market Value (US$ Bn), By Region
Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
12
Table of Content Sr. No.
Content Y-o-Y Growth (%) Analysis, 2019 – 2029
10.1
North America Overview Market Value and Forecast (US$ Bn), 2018 – 2029
North America Plant Based Meat Market , By Source North America Plant Based Meat Market , By Product North America Plant Based Meat Market , By Type North America Plant Based Meat Market , By Storage North America Plant Based Meat Market , By End User
North America Plant Based Meat Market , By Distribution Channel North America Plant Based Meat Market , By Country U.S. Market Value and Forecast (US$ Bn), 2018 – 2029 Canada
Market Value and Forecast (US$ Bn), 2018 – 2029 10.2
Europe
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
13
Table of Content Sr. No.
Content Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Europe Plant Based Meat Market , By Source Europe Plant Based Meat Market , By Product
Europe Plant Based Meat Market , By Type Europe Plant Based Meat Market , By Storage Europe Plant Based Meat Market , By End User Europe Plant Based Meat Market , By Distribution Channel Europe Plant Based Meat Market , By Country
Germany Market Value and Forecast (US$ Bn), 2018 – 2029 UK Market Value and Forecast (US$ Bn), 2018 – 2029 France
Market Value and Forecast (US$ Bn), 2018 – 2029 Russia
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
14
Table of Content Sr. No.
Content Market Value and Forecast (US$ Bn), 2018 – 2029 Italy Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Europe
Market Value and Forecast (US$ Bn), 2018 – 2029 9.3
Asia Pacific Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Asia Pacific Plant Based Meat Market , By Source
Asia Pacific Plant Based Meat Market , By Product Asia Pacific Plant Based Meat Market , By Type Asia Pacific Plant Based Meat Market , By Storage Asia Pacific Plant Based Meat Market , By End User Asia Pacific Plant Based Meat Market , By Distribution Channel
Asia Pacific Plant Based Meat Market , By Country Market Value and Forecast (US$ Bn), 2018 – 2029
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
15
Table of Content Sr. No.
Content
Market Value and Forecast (US$ Bn), 2018 – 2029 Japan Market Value and Forecast (US$ Bn), 2018 – 2029
South Korea Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Asia-Pacific Market Value and Forecast (US$ Bn), 2018 – 2029 9.4
Latin America
Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Latin America Plant Based Meat Market , By Source Latin America Plant Based Meat Market , By Type Latin America Plant Based Meat Market , By Product
Latin America Plant Based Meat Market , By Storage Latin America Plant Based Meat Market , By End User
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
16
Table of Content Sr. No.
Content Latin America Plant Based Meat Market , By Distribution Channel Latin America Plant Based Meat Market , By Country Brazil Market Value and Forecast (US$ Bn), 2018 – 2029
Mexico Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Latin America Market Value and Forecast (US$ Bn), 2018 – 2029 9.5
Middle East & Africa
Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Middle East & Africa Plant Based Meat Market , By Source Middle East & Africa Plant Based Meat Market , By Type Middle East & Africa Plant Based Meat Market , By Product
Middle East & Africa Plant Based Meat Market , By Storage Middle East & Africa Plant Based Meat Market , By End User
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
17
Table of Content Sr. No.
Content Middle East & Africa Plant Based Meat Market , By Distribution Channel Middle East & Africa Plant Based Meat Market , By Country GCC Market Value and Forecast (US$ Bn), 2018 – 2029
Israel Market Value and Forecast (US$ Bn), 2018 – 2029 South Africa Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Middle East & Africa
Market Value and Forecast (US$ Bn), 2018 – 2029 11.0
Chapter 11
11.0.1
Company Profiles
11.1
Beyond Meat Company Overview
Product Portfolio Key Highlights
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
18
Table of Content Sr. No.
Content Financial Overview Business Strategies SWOT Analysis
11.2
Impossible Foods Inc.
Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies
SWOT Analysis 11.3
Maple Leaf Foods (Field Roast & Maple Leaf) Company Overview Product Portfolio Key Highlights
Financial Overview Business Strategies
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
19
Table of Content Sr. No.
Content SWOT Analysis
11.4
Vegetarian Butcher Company Overview Product Portfolio
Key Highlights Financial Overview Business Strategies SWOT Analysis 11.5
Conagra, Inc. (Gardein Protein International)
Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies
SWOT Analysis 11.6
Kellogg NA Co. (MorningStar Farms)
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
20
Table of Content Sr. No.
Content Company Overview Product Portfolio Key Highlights Financial Overview
Business Strategies SWOT Analysis 11.7
Quorn Company Overview Product Portfolio
Key Highlights Financial Overview Business Strategies SWOT Analysis 11.8
Amy's Kitchen, Inc.
Company Overview Product Portfolio
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
21
Table of Content Sr. No.
Content Key Highlights Financial Overview Business Strategies SWOT Analysis
11.9
Tofurky Company Overview Product Portfolio Key Highlights Financial Overview
Business Strategies 11.10
Gold&Green Foods Ltd. Company Overview Product Portfolio Key Highlights
Financial Overview Business Strategies
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
22
Table of Content Sr. No.
Content SWOT Analysis
11.11
Sunfed Company Overview Product Portfolio
Key Highlights Financial Overview Business Strategies 11.12
VBites Foods Limited Company Overview
Product Portfolio Key Highlights Financial Overview Business Strategies 11.13
S Kraft Foods, Inc.
Company Overview Product Portfolio
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
23
Table of Content Sr. No.
Content Key Highlights Financial Overview Business Strategies SWOT Analysis
11.14
Lightlife Foods, Inc. Company Overview Product Portfolio Key Highlights Financial Overview
Business Strategies SWOT Analysis 11.15
Trader Joe's Company Overview Product Portfolio
Key Highlights Financial Overview
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
24
Table of Content Sr. No.
Content Business Strategies SWOT Analysis
12.0
Chapter 12 Investment Outlook
Future of Market 13.0
Chapter 13 Appendix Abbreviation
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
25
About Us
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
26
About Us Who we are:
P
rophecy is a specialized market research, analytics, marketing
and business strategy, and service offerings company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible Service Offerings to overcome them and transform their business. Prophecy’s expertize area covers types, applications, latest trends, developments, market growth factors, and challenges along with market forecast in various business areas such as Healthcare, Pharmaceutical, Biotechnology, Information Technology (IT), Hospitals, Small and Ownership Model-sized enterprises (SMEs), Chemical, Agriculture, Food and Beverage, Energy, and Oil and Gas. We also offer various other Adaptive Pants such as, data mining, information management, and revenue enhancement suggestions.
We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never return down from any challenge. At prophecy we cater to industries, individuals, and organizations across the globe and deliver our offerings in the shortest possible turnaround time. Our well defined approach ensures our clients will receive unique competitive advantage, and secure and long lasting results.
“WE BELIEVE IN LONG–TERM BUSINESS RELATIONS FOR GROWTH AND SUCCESS”
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
27
About Us
More than 100+ Clients worldwide including various
A rich repository of syndicated reports across 8 Industries
Fortune 500 Companies
Dedicated Analyst Working
Pioneer in adopting best research practices to ensure deeper insights
2+
years of industry experience in delivering valuable research Insights at Global, Regional and Country Level
Top leadership having more than
50 man years of experience across varied industries
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
28
Research Methodology
Identification of data Collection of
Evaluation of
Data
Market
Collaboration
Verification
of Data
and Analysis
Dynamics
1.
This step involves identification of several primary and secondary data research sources, including Prophecy internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and Others and non Others agencies websites. This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends.
2.This
process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
3.This
stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and Applications of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
4.
This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity. Source: Prophecy Market Insights
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
29
Research Objective To analyze several micro-market indicators considering growth factors, market prospects, and strategic market contribution
To outline and forecast the Governance, Risk Management and Compliance (GRC) market in globally based on segmentation and region
To examine competitive scenarios such as collaborations, mergers and acquisitions, R&D activities, and advanced developments
To predict the size of the market
To offer wide ranging market statistics with a detailed classification along with the market size of each segment
To analyze key strengths, opportunities, and strategies of major companies
To study market opportunities for participants and stakeholders by identifying high growth sectors in the market
To provide comprehensive information about factors that affect market dynamics
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
30
Research Process
PROJECT
REPORT
POST-SALE
SCOPE
DELIVERY
SERVICE
PROJECT
REPORT
KICKOFF
SYNTHESIS
PRELIMINARY RESEARCH
MARKET
ANALYSIS & SEGMENTATION
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
31
Research Methodology Global Market Size
Market/Revenue share of each key player in each Type segment
Market/Revenue share split by each market segment such as By Source Fracturing Fluids/Fracturing Fluids sector/end user
Market/Revenue share of each key player in the global market
Market/Revenue share split by each region and country in the global market
Bottom-up Approach –
Top-down Approach –
Collection of market related data and information from primary and secondary sources, and data analysis. Primary Sources: Demand Side Key Opinion Leaders Supply Side Key Opinion Leaders Secondary Sources: Annual Reports Financial Reports and Presentations Press Releases Research Journals Paid Data Sources
Market size and analysis validation through primary and secondary research participants and key opinion leaders. Primary Sources: Demand Side Key Opinion Leaders Supply Side Key Opinion Leaders Secondary Sources: Annual Reports Financial Reports and Presentations Press Releases Research Journals Paid Data Sources
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
32
Research Methodology Definition and Scope – Prophecy Market Insights provide the market definition to understand the target Type/service and provide the market scope to understand the report coverage after thoroughly understanding of target market and market specific requirements. Primary Research – We formulates a detailed discussion guide to perform primary research. In primary research collection of data is performed through telephonic interview, E-mail questionnaire’s, and in-depth discussion with industry experts, manufacturers, suppliers, and distributors. The primary research participant includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and etc.
Secondary Research – Our research analyst performs in-depth secondary research and extensive data mining to collect market related information through various authentic data sources such as Annual Reports, Trade Publications, Magazines, Research Publications, Company Press Release, and some paid data sources. In-house Data Analysis – After extensive data mining, we perform in-house market analysis by using various data tools, statistical methods, and data analysis tools to arrive on a conclusion and reduce the margin of error. We provide our overviews and market forecast for the target market after thoroughly understanding and analyzing of collected data, historic market trends, and research outputs. Report Delivery – Prophecy Market Insights provide report in required electronic format (preferably in PDF format), as PDF format is easy to read and present. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
33
Preface
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
34
Scope & Coverage The report considers 2019 as the base year. All calculations involving quantitative data are based on 2019. The values represented in the report are actual values for 2019, whereas, the values are estimated for the period 2020−2029.
2019
Base Year
2020
Estimated Year
2021-2029
Forecast Years
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
35
Market Segmentation Global Plant Based Meat Market
By Source
Soy Pea Wheat Others
By Product
End User Household Horeca
Burgers Sausages Patties Nuggets, Tenders & Cutlets Grounds Others
By Storage
Refrigerated Energy & Utilities Shelf-stable
By Type
Chicken Pork Beef Fish Others
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
36
Market Segmentation Global Plant Based Meat Market
By Region
By Distribution Channel Supermarkets & Hypermarkets Convenience Stores Specialty Stores Online Stores Others
North America Latin America Europe Asia Pacific Middle East and Africa
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
37
Currency Conversion Currency Conversion 2013-2018 The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate (January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below represents the standard conversion rates used in the report. Currency Conversion
2013
2014
2015
2016
2017
2018
$/€ USD/EUR
0.7532
0.7535
0.8969
0.8988
0.8605
0.8566
$/£ USD/GBP
0.6395
0.6072
0.6526
0.7309
0.7607
0.7586
$/¥ USD/JPY
98.58
105.84
120.9
107.5269
113.8867
111.0019
$/₭ USD/SEK
6.5127
6.8587
8.404
8.9328
8.4135
8.8826
$/A$ USD/AUD
1.0362
1.1094
1.3112
1.343
1.3042
1.3578
$/¥ USD/RMB (CNY)
6.1905
6.1432
6.1606
6.61
6.6294
6.6675
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
38
Chapter 02
Market Purview
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
3 9
Executive Summary (1/9) Overview Many other food joints are following suit and bringing plant based meat substitutes to their menus. Plant based burgers are made as replacement of regular animal meat burger, using plant ingredients and natural sources without compromising the benefits, but attempting to reduce the drawbacks. As meats is gaining traction in the consumer circles owing to a number of reasons. Often soy or gluten-based, these are as rich in protein as meant based variants. It is part of the staple diet; particularly in those countries that are have predominantly vegetarian communities. A food made from non-meats or sometimes without any other animal products such as dairy products which act as a meat substitute or meat alternative but has same amount of protein content is called plant based meat product. Plant based meat products are currently processed through two basic methodology i.e. either by thermoplastic extrusion or fiber spinning. Thermoplastic extrusion is most commonly used methodology to produce plant based meat products. It is considered to be cost effective method of accommodating large scale productions. On the other side, fiber spinning increases the cost of production which eliminates the advantage of creating an inexpensive plant based meat products.
The global plant based meat market accounted for US$ 3.8 billion in 2019 and is anticipated to register a CAGR of 16.8%.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
40
Executive Summary (3/9) Table 2.1: Global Plant Based Meat Market Overview Parameters
2019 (E)
2029 (F)
Global Plant Based Meat Market Value (US$ Bn)
$3.8Bn
$xxBn| CAGR: 16.8% |
By Source Segment with Largest Value (US$ Bn)
Soy: XX
Soy: XX
By Source Segment with Highest CAGR (%)-2019-2029 By Product Segment with Largest Value (US$ Bn)
Pea based meat CAGR- XX% Burgers: XX
Burgers: XX
By Frequency with Highest CAGR (%)-2019-2029 By Type with Largest Value (US$ Bn)
Sausages: CAGR-XX% Chicken : XX
By Type Segment with Highest CAGR (%)-2019-2029 By Storage with Largest Value (US$ Bn) By Storage Segment with Highest CAGR (%)-2019-2029
By End User with Largest Value (US$ Bn) By End User Segment with Highest CAGR (%)-2019-2029
Source: Prophecy Market Insights
Chicken : XX CAGR- XX%
Frozen : XX
Frozen : XX
Refrigerated: CAGR- XX%
HORECA : XX
HORECA : XX
Household : CAGR- XX%
To be Continued … Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
41
Executive Summary (4/9) Table 2.2: Global Plant Based Meat Market Overview Parameters By Distribution Channel Segment with Largest Value (US$ Bn)
2019 (E)
2029 (F)
xx
xx
By Distribution Channel Segment with Highest CAGR (%)2019-2029 By Region with Largest Value (US$ Bn) By Region with Highest CAGR (%)-2019-2029
Key Market Players:
xx North America : XX
North America xx
Asia-Pacific: CAGR- XX% Beyond Meat Impossible Foods Inc. Maple Leaf Foods (Field Roast & Maple Leaf) Vegetarian Butcher Conagra, Inc. (Gardein Protein International) Kellogg NA Co. (MorningStar Farms) Quorn Amy’s Kitchen, Inc. Tofurky Gold&Green Foods Ltd. Sunfed Ltd. VBites Foods Limited S Kraft Foods, Inc. Lightlife Foods, Inc. Trader Joe's
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
42
Executive Summary (5/9) Description
Figure 2.1: Global Plant Based Meat Market Value Share (%), By Source – 2020 (E)
The global plant based meat market accounted for US$ 3.8 billion in 2019 and is anticipated to register a CAGR of 16.8%.
Soy
Pea
Wheat
Others
48.2%
Growing consumer interest in plant-based diets, coupled with the rising awareness about animal rights, is expected to drive the market growth.
Analysis Soy-based meat led the market and accounted for more than a 48.0% share of the global revenue in 2019. Soy is a good source of Branch Amino Acids (BCAAs) and helps build & strengthen muscle mass. Soy-based meat products not only reduce the formulation costs but also exhibit a lower carbon footprint as opposed to conventional animal- and dairy-based food products. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
43
Executive Summary (6/9) Figure 2.2: Global Plant Based Meat Market Value Share (%), By Product –
Figure 2020 (E) 2.2: Global Portable
Figure 2.4: 2.3: Global GlobalPlant PlantBased Based Meat Market Value (%), By Type Meat Market Value ShareShare (%), By Region – 2019 2020(E) (E
Burgers Sausages 29.0% Patties Nuggets, Tenders & Cutlets Grounds Others
Chicken
Pork
Beef
Fish
38.0%
Others
Analysis and Outcome The plant-based burgers segment led the market and accounted for more than a 29.0% share of the global revenue in 2019. Ingredients in these burgers strive to imitate the aroma, flavor, and texture of meat. Impossible Foods’ product, Impossible Burger, is made with a genetically modified form, mimicking the natural heme-iron present in an animal, which gives their burger a distinctive meaty flavor. Kellogg NA Co., Quorn, Amy’s Kitchen, Inc., and Beyond Meat are some of the companies offering distinguished plant-based burgers.
The plant-based chicken segment led the market and accounted for more than 34.0% of the global revenue share in 2019. Chicken is the prime ingredient in the traditional meat industry in various products, such as nuggets, patties, and cutlets, as it is loaded with animal fats, cholesterol, and protein. The plant-based chicken products constitute about the same amount of protein while the other nutrients tend to vary.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
44
Executive Summary (6/9) Figure 2.4: Global Plant Based Meat Market Value Share (%), By End User –
Figure 2020 (E) 2.2: Global Portable
Household
Figure 2.4: 2.5: Global Plant Plant Based Based Meat MeatMarket Market Value ValueShare Share(%), (%),By ByRegion Distribution – 2019 Channel - 2020(E) (E
Supermarkets & Hypermarkets Convenience Stores
Specialty Stores Online Stores HORECA
Others
Analysis and Outcome Hotel/Restaurant/Café (HORECA) segment led the market and accounted for more than 57.0% of the global revenue share in 2019. Many restaurants, fast food chains, and casual dining venues are dedicating a section of their menu solely to “meat-free” options due to the rising popularity of vegan and flexitarian diets, which, in turn, is projected to drive the segment growth. In terms of distribution, the global plant-based meat market was dominated by supermarkets and hypermarkets, which accounted for a share of over 59% in 2019. Consumers will always prefer retail sales through these stores because of the presence of all types of grocery products under one roof. In North America, Walmart, Whole Foods Market, Costco, and Kroger are the major retailers of plantbased protein products. Retail supermarkets are increasingly incorporating vegan food and beverages, owing to the growing consumer demand. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
45
Executive Summary (6/9) Figure 2.6: Global Plant Based Meat Market Value Share (%), By Distribution
Figure 2.2: Channel – 2020 (E) Global Portable
Figure 2.4: Global Plant Based Meat Market Value Share (%), By Region – 2019
Analysis and Outcome (E
Europe accounted for the largest plant-based meat market globally, accounting for over approx. North America
Europe
Asia Pacific
39% of the market revenue in 2019. One of the major factors that are driving the demand for plant-based meat, especially in the UK, is the rise of ethical and healthconscious consumer segments. This growth is partly led by the millennial generation and the emergence of the ‘flexitarian’ consumer. Further, significant media coverage of the impact of meat and dairy product production on global warming and resource consumption on greenhouse gases.
Latin America
The growth of animal welfare rights groups has gained significant traction and has caused a significant switch in consumer preferences.
Middle East & Africa
There are numerous reports on the potential link between high consumption of processed or red meat and cancer, which has led to the growth in the adoption of plant-based diets.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
46
Executive Summary (5/5) Market at Glance
US$ XX Bn 2029
16.8% CAGR 2019-2028 US$ 3.8 Bn
2019
Copyright © PROPHECY MARKET INSIGHTS 2020, All Rights Reserved
47
Executive Summary Market at Glance (2020) Europe: XX Mn CAGR: XX%
North America: XX Mn CAGR: XX%
APAC: XX Mn CAGR: XX% Latin America: XX Mn CAGR: XX%
MEMA: XX Mn CAGR: XX%
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
48
Chapter 03
Market Dynamics
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
49
Global Plant Based Meat Market Market Dynamics Drivers
Restraints
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
50
Drivers (1/4) Rising awareness about the health benefits offered by plant-based meat over animal meat The plant-based trend continues to grow, encouraging people to eat more fruits, vegetables, legumes, nuts, and seeds. Also, there are various health benefits associated with plant-based products, about which consumers are getting more aware recently. Excessive consumption of animal-based meat may result in diet-related diseases such as obesity, type-2 diabetes, heart disease, and certain cancers. On the other hand, the consumption of plant-based meat does not give rise to such diseases. Moreover, they aid in building better immunity. The nutritional benefits of plant-based meats and their safety compared with conventional meat are also some of the important factors that have been contributing to gaining the attention of consumers.
Plant-based meat products are significantly replacing conventionally processed meat products such as burgers, sausages, and nuggets. Plant-based meat contains lower levels of saturated fat, cholesterol, and calories than animal-based meat. They often contain higher levels of micronutrients, such as zinc, iron, and calcium.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
51
Drivers (1/4) Rising awareness about the health benefits offered by plant-based meat over animal meat
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
52
Drivers (2/4) Growth in government initiatives along with significant investments
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
53
Drivers (3/4) Major food industry pioneer investing in and introducing plant-based meat products
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
54
Drivers (3/4) Major food industry pioneer investing in and introducing plant-based meat products In October 2020, Impossible Foods Inc. expanded its presence by introducing its flagship product, Impossible Burger, in the Canadian market. The company has made its product available in about 600 Sobeys family stores and on the retailer’s online grocery home delivery service. This will enable the company to expand its retail footprint in the market. In September 2020, Beyond Meat rolled out its new product, Beyond Meatballs, which will start being available in the grocery stores across the US. This product will fulfill the consumer demand for nutritious and easy-to-prepare products made from plant-based ingredients. In September 2020, Planterra Foods entered into a three-year partnership with the NFL team Denver Broncos. This partnership will give its brand OZO brand title of Plant-Based Food Choice of the Denver Broncos. This strategy will enable the company to advertize its brand and make customers aware of it. In September 2020, Beyond Meat Food Co. Ltd., a wholly-owned subsidiary of Beyond Meat, entered into an agreement with Jiaxing Economic & Technological Development Zone (China) to design and develop manufacturing facilities. The state-of-art facility is being designed to manufacture plant-based products under the Beyond Meat brand name in China. In August 2020, Beyond Meat launched a new e-commerce site to make its plant-based meat products more accessible to consumers. The website will give consumers easy access to the vast portfolio of plant-based meat products and will make it more convenient for them to experience Beyond Meat. In August 2020, The Kellog Co. invested USD 45 million to expand a manufacturing plant of Morningstar Farm in Ohio. The investment will include USD 25 million in upgraded equipment and USD 18 million in capacity expansion. This expansion will be dedicated to the company’s plant-based product range.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
55
Drivers (4/4) Growing vegan and flexitarian population across the world
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
56
Restraint (1/2) Population allergic to plant-based meat sources such as soy and wheat
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
57
Restraint (1/2) Higher price of products in comparison to traditional meat Price is one of the major restraining factors in the plant-based meat market. Plant-based meat is uneconomical when compared to animal-based meat, which is likely to impact its growth in price-sensitive markets such as India, China, and South Africa. Companies offering plant-based meat alternatives are trying to reduce prices, as their high price over conventional meat hinders the rapidly growing plant-based industry. Plant-based meat is more expensive than regular meat. The prices of plant-based meat products are further expected to increase due to trade barriers, disruptions in the supply of raw materials, and inefficient distribution channels due to COVID-19. The non-availability and high cost of raw materials and high production costs are likely to restrain the growth of the global plant-based meat market. Plantbased meat market growth is further grappled due to the economic slowdown in various countries due to the coronavirus outbreak.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
58
Opportunity Favorable marketing and correct positioning of plant-based meat The sales of plant-based meat can be increased by adopting marketing strategies such as diversification and segmentation. The objective is to create more demand among consumers, such as health-conscious consumers, vegetarians, flexitarians, and vegans. Along with this, it is crucial to position the product at the right place through the right sales channel. Companies need to focus on this criterion to sustain in the market and increase their sales. They need to position themselves by expanding their customer relationships and extended their reach globally. Appropriate labeling can further accelerate market growth. The North American and European plant-based meat markets relatively emphasize the labeling criterion. It is expected that this will be followed by the Asia-Pacific region as well, leading to market growth.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
59
Challenges Perception regarding the taste of plant-based meat products Plant-based meat products contain nutritional benefits similar to that of animal meat. Manufacturers try to make the meat substitutes similar to meat in terms of texture, color, flavor, and taste. However, most consumers are disappointed by the taste and variety of meat substitutes. Consumers have a perception that there is a significant compromise in taste if they opt for meat substitutes. For instance, the off-flavor of soy protein makes it undesirable for consumption. The off-flavor is caused by compounds, such as aldehydes, ketones, furans, and alcohols. Medium-chain aldehydes are among the major reasons for the beany and grassy taste of soy products. However, the high nutritional value of soy has led to its demand. Besides, consumers believe that meat substitutes are either too gummy or too chewy. This has led meat substitute manufacturers to offer innovative products, such as an increase in the density of flesh, mainly the soy protein and wheat gluten, to improve the texture of their meat substitutes, closely mimicking the chewiness of meat.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
60
Drivers and Restraints Impact Analysis
High
Drivers D1
Likely Growth
D3 D4
Rising awareness about the health benefits offered by plant-based meat over animal meat Growth in government initiatives along with significant investments Major food industry pioneer investing in and introducing plantbased meat products
Restraints R1
Population allergic to plant-based meat sources such as soy and wheat
R2
Higher price of products in comparison to traditional meat
Low
Impact on Market Growth Rate
D2
Growing vegan and flexitarian population across the world
Low
Impact on Market Value
High
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
61
PORTER’S FIVE FORCES ANALYSIS Analysis
Outcome The Porter’s five forces model studies the five identified competitive forces that shape every industry and market, in order to determine the intensity of the competition, and thus, the profitability and attractiveness of the industry.
COMPETITIVE RIVALRY High
The objective of the growth strategy is to adapt to these competitive forces in a manner that may improve the position of the organization. This study includes an exhaustive Porter’s five forces framework, incorporating the factors influencing each force, to analyze the market from a microeconomic perspective. In the study, Porter’s five forces are analyzed considering the factors influencing each force and quantifying the factors, through primaries and quantitative analysis. The quantified factors are further mapped out, to derive the impact of each force on competitive dynamics.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
62
PORTER’S Five Forces Analysis
01 02
03 04 05
Threat of New Entrants
Medium Buyer Power
High Supplier Power
High Threats of Substitutes
High Competitive Rivalry
High
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
63
Key Highlights
01
02
03
04
In September 2020, Beyond Meat Food Co. Ltd., a whollyowned subsidiary of Beyond Meat, entered into an agreement with Jiaxing Economic & Technological Development Zone (China) to design and develop manufacturing facilities. The state-of-art facility is being designed to manufacture plant-based products under the Beyond Meat brand name in China.
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
64
Chapter 04
Global Plant Based Meat Market, By Source
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
65
Global Plant Based Meat Market, By Source Table 4.1: Global Plant Based Meat Market Value and Forecast (US$ Bn), By Source - 2019–2029 Source
CAGR (2018– 29)
2019 H
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
Soy
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Pea
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Wheat
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Others
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
xx
Xx
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
66
Global Plant Based Meat Market , By Source Figure 4.1 : Global Plant Based Meat Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%), By Source - 2018-2029 2,500.0
8.7% 8.6% 8.5% 8.4% 8.3% 8.2% 8.1% 8.0% 7.9% 7.8% 7.7% 7.6% 7.5% 7.4%
Analysis and Outcome The Global Plant Based Meat Market was valued by US$3.8Bn in 2020 and is expected to reach US$xxBn in 2029, and register a CAGR of 16.8% over the forecast period
7.3% 7.2% 7.1% 7.0% 2,000.0 6.9% 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 5.4% 5.3% 1,500.0
5.2% 5.1% 5.0%
The first five year (2019-2023) cumulative value is projected to be US$XXBn, as compared to relatively higher cumulative value of US$XXBn for the last five year (2024-2028) of the forecast period.
4.9% 4.8% 4.7% 4.6% 4.5% 4.4% 4.3% 4.2% 4.1% 4.0% 3.9% 3.8% 3.7% 3.6% 3.5%
1,000.0
3.4% 3.3% 3.2% 3.1% 3.0% 2.9% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% 1.9% 1.8% 500.0 1.7% 1.6% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% -
0.0%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Value
Y-O-Y
XXx: Projected growth between 2019 and 2029
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
67
Global Plant Based Meat Market , By Source Soy
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
68
Soy Figure 4.2: Global Plant Based Meat Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%), By Soy 2018-2029 2,500.0
Analysis and Outcome
8.7% 8.6% 8.5% 8.4% 8.3% 8.2% 8.1% 8.0% 7.9% 7.8% 7.7% 7.6% 7.5% 7.4% 7.3% 7.2% 7.1% 7.0%
2,000.0 6.9% 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 5.4% 5.3% 1,500.0
5.2% 5.1% 5.0% 4.9% 4.8% 4.7% 4.6% 4.5% 4.4% 4.3% 4.2% 4.1% 4.0% 3.9% 3.8% 3.7% 3.6% 3.5%
1,000.0
3.4% 3.3% 3.2% 3.1% 3.0% 2.9% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% 1.9% 1.8% 500.0 1.7% 1.6% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% -
0.0%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Value
Y-O-Y
Xx: Projected growth between 2019 and 2029
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
69
Global Plant Based Meat Market , By Source Pea
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
70
Pea Figure 4.3: Global Plant Based Meat Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%), By Pea - 2018-2029 2,500.0
8.7% 8.6% 8.5% 8.4% 8.3% 8.2% 8.1% 8.0% 7.9% 7.8% 7.7% 7.6% 7.5% 7.4%
Analysis and Outcome The Global Plant Based Meat Market by Pea was valued US$xxBn in 2019 and is expected to reach US$xxBn in 2029, and register a CAGR of xx% over the forecast period
7.3% 7.2% 7.1% 7.0% 2,000.0 6.9% 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 5.4% 5.3% 1,500.0
5.2% 5.1% 5.0%
The first five year (2019-2023) cumulative value is projected to be US$xxBn, as compared to relatively higher cumulative value of US$xxBn for the last five year (2024-2028) of the forecast period.
4.9% 4.8% 4.7% 4.6% 4.5% 4.4% 4.3% 4.2% 4.1% 4.0% 3.9% 3.8% 3.7% 3.6% 3.5%
1,000.0
3.4% 3.3% 3.2% 3.1% 3.0% 2.9% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% 1.9% 1.8% 500.0 1.7% 1.6% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% -
0.0%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Value
Y-O-Y
2.1.x: Projected growth between 2019 and 2029
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
71
Global Plant Based Meat Market , By Source Wheat
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
72
Wheat Figure 4.2: Global Plant Based Meat Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%), By Wheat 2018-2029 2,500.0
Analysis and Outcome
8.7% 8.6% 8.5% 8.4% 8.3% 8.2% 8.1% 8.0% 7.9% 7.8% 7.7% 7.6% 7.5% 7.4% 7.3% 7.2% 7.1% 7.0%
2,000.0 6.9% 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 5.4% 5.3% 1,500.0
5.2% 5.1% 5.0% 4.9% 4.8% 4.7% 4.6% 4.5% 4.4% 4.3% 4.2% 4.1% 4.0% 3.9% 3.8% 3.7% 3.6% 3.5%
1,000.0
3.4% 3.3% 3.2% 3.1% 3.0% 2.9% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% 1.9% 1.8% 500.0 1.7% 1.6% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% -
0.0%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Value
Y-O-Y
Xx: Projected growth between 2019 and 2029
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
73
Global Plant Based Meat Market , By Source Others
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
74
Others Figure 4.2: Global Plant Based Meat Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%), By Others 2018-2029 2,500.0
Analysis and Outcome
8.7% 8.6% 8.5% 8.4% 8.3% 8.2% 8.1% 8.0% 7.9% 7.8% 7.7% 7.6% 7.5% 7.4% 7.3% 7.2% 7.1% 7.0%
2,000.0 6.9% 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 5.4% 5.3% 1,500.0
5.2% 5.1% 5.0% 4.9% 4.8% 4.7% 4.6% 4.5% 4.4% 4.3% 4.2% 4.1% 4.0% 3.9% 3.8% 3.7% 3.6% 3.5%
1,000.0
3.4% 3.3% 3.2% 3.1% 3.0% 2.9% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% 1.9% 1.8% 500.0 1.7% 1.6% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% -
0.0%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Value
Y-O-Y
Xx: Projected growth between 2019 and 2029
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
75
Chapter 09
Global Plant Based Meat Market , By Region
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
Plant Based Meat Market , By Region Market Share at Glance (2020) North America: XX%
Europe: XX%
CIS Region: XX%
APAC: XX%
Latin America: XX%
MEMA: XX%
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
77
North America
Market Share (%) - 2020
North America RoW
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
78
North America Well developed infrastructure is expected to fuel the market North America dominated the market and accounted for over 39.0% of the global revenue share in 2019. The growth of the regional market is accredited to the growing consumption of meatless meat products, coupled with rising consumer awareness regarding the potential risk of consuming contaminated meat foods. The traditional meat market in the U.S. is facing the adverse effects of the coronavirus pandemic, with major companies shutting down their production units. However, grocery store sales of faux meat products increased amidst the pandemic. The demand for plant-based foods is projected to increase further on account of shifting perceptions of consumers around food sustainability and safety.
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
79
North America Figure 9.1: North America Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019-2028 2,500.0
8.7% 8.6% 8.5% 8.4% 8.3% 8.2% 8.1% 8.0% 7.9% 7.8% 7.7% 7.6%
Analysis and Outcome
The North America was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn in 2029, and register a CAGR of XX% over the forecast period.
7.5% 7.4% 7.3% 7.2% 7.1% 7.0% 2,000.0 6.9% 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 5.4% 5.3% 1,500.0
5.2% 5.1% 5.0% 4.9% 4.8% 4.7% 4.6% 4.5% 4.4% 4.3% 4.2% 4.1% 4.0% 3.9% 3.8% 3.7% 3.6% 3.5%
1,000.0
3.4% 3.3% 3.2% 3.1% 3.0% 2.9% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% 1.9% 1.8% 500.0 1.7% 1.6% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% -
0.0%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Value
Y-O-Y
xxX: Projected growth between 2020 and 2029
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
80
North America Plant Based Meat Market U.S.
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
81
North America Plant Based Meat Market Canada
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
82
North America Plant Based Meat Market, By Source Table 9.1: North America Plant Based Meat Market Value and Forecast (US$ Bn), By Source - 2019–2029 Source
CAGR (2018– 29)
2019 H
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
Soy
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Pea
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Wheat
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Others
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
xx
Xx
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
83
North America Plant Based Meat Market, By Product Table 9.2: North America Market Value and Forecast (US$ Bn), By Product, 2019 – 2029
2019 E
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
CAGR (2019– 28)
Burgers
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Sausages
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Patties
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Nuggets, Tenders & Cutlets
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Grounds
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Others
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Product
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
84
North America Plant Based Meat Market, By Type Table 9.3: North America Market Value and Forecast (US$ Bn), By Type, 2019 – 2029
2019 E
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
CAGR (2019– 28)
Chicken
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Pork
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Beef
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Fish
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Others
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Type
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
85
North America Plant Based Meat Market, By Storage Table 9.4: North America Market Value and Forecast (US$ Bn), By Storage, 2019 – 2029
2019 E
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
CAGR (2019– 28)
Refrigerated
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Frozen
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Shelf-stable
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Storage
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
86
North America Plant Based Meat Market, End User Table 9.5: North America Market Value and Forecast (US$ Bn), End User, 2019 – 2029
2019 E
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
CAGR (2019– 28)
Household
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
HORECA
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
End User
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
87
North America Plant Based Meat Market, By Distribution Channel Table 9.6: North America Market Value and Forecast (US$ Bn), By Distribution Channel, 2019 – 2029 2019 E
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
CAGR (2019– 28)
Supermarket & Hypermarket
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Convenience Store
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Specialty Store
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Online Stores
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Others
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Distribution Channel
Total
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
88
North America Plant Based Meat Market , By Country Table 9.7: North America Market Value and Forecast (US$ Bn) By Country, 2019-2029 Country
CAGR (2019– 28)
2019 E
2020 F
2021 F
2022 F
2023 F
2024 F
2025 F
2026 F
2027 F
2028 F
2029 F
U.S.
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Canada
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Total
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Figure 9.2: North America Market Value (US$ Bn) Overview, By Country 2019 and 2029
US
Canada
Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
89
Chapter 09
Company Profiles
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
Competitive Insights Key Strategies and Developments
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
91
Beyond Meat Company Overview
Business Overview
Established
1969
Private/Public
Public
Company Type
Network Partner
Number of Employees
320,671 (as of 2018)
Geographic Presence
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Total Value (US$ Bn)
$55.54 Billion (as of Q3, FY2018)
Applications catered
Autonomous Cars, 5G connections on High Speed Trains, Industrial solutions and Residential Solutions
5G R&D
Since 2012
Website
www.samsung.com
Hidden for Sample
Source: Company Annual Reports and Website
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
92
Beyond Meat Products
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
93
Beyond Meat Company Financial (US$ Bn) Overview, by Year
Analysis and Outcome
33, 000
32, 500
32, 000
31, 500
31, 000
30, 500
30, 000
29, 500
29, 000
28, 500
2016
2017
2018
2019 Source: Company Annual Reports and Website
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
94
Key Highlights
01
02
03
04
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
95
Beyond Meat Business Strategies Overview
Source: Company Annual Reports and Website
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
96
SWOT Analysis
Strengths
S W
Weakness
Beyond Meat
Opportunities
Threats
O T Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
97
Global Plant Based Meat Market Future Opportunity
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
98
Global Plant Based Meat Market 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.
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
99
About Us Disclaimer The material is based on sources which we believe are reliable, but no warranty, either expressed or implied, is provided in relation to the accuracy or completeness of the information. The views expressed are our best judgment as of the date of issue and are subject to change without notice. Prophecy Market Insights takes no responsibility for decisions made on the basis of these opinions. Any redistribution of this information is strictly prohibited. Copyright © 2019 Prophecy Market Insights pvt. Ltd , all rights reserved. Legal and Copyright Notices
While the editors endeavor to ensure the accuracy of all information and data contained in this Market Research Report, neither they nor Prophecy Market Insights Pvt. Ltd. accept responsibility for any loss or damage (whether direct or indirect) whatsoever to the customer or any third party resulting or arising there from. All rights reserved. No part of this publication may be reproduced or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or information storage and retrieval systems without permission of the publisher. Disclaimer: Prophecy market Insights Pvt. Ltd attempts to ensure that the information provided in our market research reports is as accurate and complete as possible, the quantity of detailed information used and the fact that some of the information (which cannot always be verified or validated) is supplied by third parties and sources not controlled by prophecy market Insights Pvt. ltd means that we cannot always guarantee the accuracy, completeness or originality of the information in some reports, and we are therefore not responsible for any errors or omissions in those reports. The recipients of these reports are responsible for determining whether the information contained therein is sufficient for use and shall use their own skill and judgement when choosing to rely upon the reports Source: Prophecy Market Insights Copyright © PROPHECY 2019, All Rights Reserved
100
T H A N K YOU To know more about us, please visit our website:
www.prophecymarketinsights.com For sales queries or new topics email us on:
sales@prophecymarketinsights.com For other queries contact: Shweta R (Business Development)
Prophecy Market Insights Email: shweta.r@prophecymarketinsights.com
Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved