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Global Plant-based Meat Market 2021
25 May 2021
Plant-based meats, or meat alternatives, are meats made from plants. While earlier plant-based meats like tofu and seitan were meant to replace meat, newer products are trying to mimic its taste, texture, smell and appearance. Plant-based meats have skyrocketed in popularity due to a rise in overall awareness about meat’s impact on the environment and overall health. The global plant-based meat market in terms of revenue is set to grow by US$ 6 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 12.3% during the forecast period, according to data and analytics company StrategyHelix. Increasing vegan population, significant venture investments in plant-based product manufacturers, growing concerns regarding environmental sustainability, development of new eating patterns, increasing overall cost of production of meat and health issues related to conventional meat across the globe are expected to boost the market growth in the coming years.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for plant-based meat. The global plant-based meat market is segmented on the basis of source, product, storage, region, and distribution channel. By source, it is categorized into soy, pea, wheat, and others. The soy segment held the largest market share in 2020. By product, the plant-based meat market is divided into strips & nuggets, burger patties, sausages, meatballs, and others. The strips & nuggets segment accounted for the largest market share in 2020. Based on storage, the plant-based meat market is divided into frozen, refrigerated, and shelf-stable. Plant-based meat market by region is divided into North America, Asia Pacific, Europe, and Rest of the World (ROW).
The report has profiled some of the key players of the market such as Beyond Meat Inc., Conagra Brands Inc. (Gardein), Field Roast Grain Meat Co. Inc., Gathered Foods Corporation (Good Catch), Hormel Foods Corporation (Happy Little Plants), Hungry Planet Inc., Impossible Food Inc., Nestle S.A. (Sweet Earth), Smithfield Foods Inc. (Pure Farmland), The Kellogg Company (Moringstar Farms), Turtle Island Foods Inc., Tyson Foods Inc..
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the plant-based meat market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Source: soy, pea, wheat, and others
Product: strips & nuggets, burger patties, sausages, meatballs, and others
Storage: frozen, refrigerated, and shelf-stable
Distribution channel: supermarkets & hypermarkets, convenience stores, specialty stores, online, and others
Region: North America, Asia Pacific, Europe, and Rest of the World (ROW)
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the global plant-based meat market
Identify regional strategies and strategic priorities on the basis of local data and analysis
Pinpoint growth sectors and trends for investment
Understand what the future of the global plant-based meat market looks like
Identify the competitive landscape and window of opportunity
Table of Contents
1. Market Definition
2. Research Methodology
3. Market Data & Outlook
3.1 Market Value
3.2 Market Value Forecast
4. Plant-based Meat Market by Source
5. Plant-based Meat Market by Product
5.1 Strips & Nuggets
5.2 Burger Patties
6. Plant-based Meat Market by Storage
7. Plant-based Meat Market by Region
7.1 North America
7.2 Asia Pacific
7.4 Rest Of The World (Row)
8. Plant-based Meat Market by Distribution Channel
8.1 Supermarkets & Hypermarkets
8.2 Convenience Stores
8.3 Specialty Stores
9. Company Profiles
9.1 Beyond Meat Inc.
9.2 Conagra Brands, Inc. (Gardein)
9.3 Field Roast Grain Meat Co., Inc.
9.4 Gathered Foods Corporation (Good Catch)
9.5 Hormel Foods Corporation (Happy Little Plants)
9.6 Hungry Planet Inc.
9.7 Impossible Food Inc.
9.8 Nestle S.A. (Sweet Earth)
9.9 Smithfield Foods, Inc. (Pure Farmland)
9.10 The Kellogg Company (Moringstar Farms)
9.11 Turtle Island Foods, Inc.
9.12 Tyson Foods, Inc.
10.1 About StrategyHelix