Plant-based Meat Market Overview:
According to the latest report by IMARC Group, titled “Plant-Based Meat Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027”, the global plant-based meat market reached a value of US$ 8.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34 Billion by 2027, exhibiting at a CAGR of 25.8% during 2022-2027. Plant-based meat is a substitute for meat that resembles with similar it in color, texture, appearance, and flavor. It is produced by combining edible oils, plant protein isolates, starch, and various other seasonings. These products Its consumption helps in lowering cholesterol levels, and calories intake while, and minimizing the risks of developing cardiovascular diseases. As a preferred alternative to meat result, these are it is widely used for the preparation of numerous foods across cafes, restaurants, supermarkets, and convenience stores, and others.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global market is majorly driven by the increasing health consciousness among consumers. This, in confluence with the rising widespread prevalence of chronic lifestyle disorders, has provided a boost to the market growth. Furthermore, the rising trend of veganism among the masses has positively influenced market growth across the globe. Moreover, the growing concern towards animal welfare has also escalated the demand for plant-based meat products. Additionally, the introduction of innovative different plant-based products by several manufacturers for expanding their product portfolios has created a positive outlook for the market. Other factors, including rapid urbanization, changing lifestyles of the consumers dietary preferences of individuals, and their inflating disposable income levels, are also providing have provided an impetus to the market growth.
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Key Market Segmentation:
The competitive landscape of the industry has also been examined with some of the top biggest plant-based meat companies are being
Some of these key players include:
Amy’s Kitchen, Inc.
Boca Foods Company (Kraft Foods, Inc.)
Garden Protein International (Conagra Brands, Inc.)
Impossible Foods, Inc.
Maple Leaf Foods
MorningStar Farms (Kellogg Na Co.)
The Vegetarian Butcher
Vbites Food Limited
Breakup by Product Type:
Nuggets and Strips
Breakup by Source:
Breakup by Meat Type:
Breakup by Distribution Channel:
Restaurants and Catering Industry
Supermarkets and Hypermarkets
Convenience and Specialty Stores
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impacton the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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