Global Plant Based Meat Market

Page 1

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

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2


Table of Contents

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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)

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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

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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

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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

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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

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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

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About Us

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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.

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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

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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

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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

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Research Process

PROJECT

REPORT

POST-SALE

SCOPE

DELIVERY

SERVICE

PROJECT

REPORT

KICKOFF

SYNTHESIS

PRELIMINARY RESEARCH

MARKET

ANALYSIS & SEGMENTATION

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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

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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

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Preface

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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

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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

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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

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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

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Chapter 02

Market Purview

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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%.

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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

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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.

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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.

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46


Executive Summary (5/5) Market at Glance

US$ XX Bn 2029

16.8% CAGR 2019-2028 US$ 3.8 Bn

2019

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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%

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48


Chapter 03

Market Dynamics

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49


Global Plant Based Meat Market Market Dynamics Drivers

Restraints

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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.

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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

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53


Drivers (3/4) Major food industry pioneer investing in and introducing plant-based meat products

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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.

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55


Drivers (4/4) Growing vegan and flexitarian population across the world

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56


Restraint (1/2) Population allergic to plant-based meat sources such as soy and wheat

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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.

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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.

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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.

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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

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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.

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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

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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.

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64


Chapter 04

Global Plant Based Meat Market, By Source

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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

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67


Global Plant Based Meat Market , By Source Soy

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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

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69


Global Plant Based Meat Market , By Source Pea

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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

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71


Global Plant Based Meat Market , By Source Wheat

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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

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73


Global Plant Based Meat Market , By Source Others

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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

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75


Chapter 09

Global Plant Based Meat Market , By Region

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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%

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77


North America

Market Share (%) - 2020

North America RoW

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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.

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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

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80


North America Plant Based Meat Market U.S.

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81


North America Plant Based Meat Market Canada

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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


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 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

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