What is the global market size of Meat Based FPP Market?

Global Meat Based FPP Market was valued at USD 5.06 billion in 2021, and it is expected to reach a value of USD 17.50 billion in 2028, at a CAGR of 19.3% over the forecast period (2022-2028).

Global Meat Based FPP Market Size, Share, Growth Analysis, By Type(hot dogs and sausages, nuggets), By Distribution channel(business-to-business (B2B) and business-to-consumer (B2C)), By Source(Pork, Beef & Veal) - Industry Forecast 2024-2031

Report ID: SQMIG30I2362 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 81

Global Meat Based FPP Market Regional Insights

Asia-Pacific held the greatest market share for meat-based FPP in 2021. Additionally, during the projection period, this regional market is anticipated to have the highest CAGR. The significant market expansion in the Asia-Pacific region is primarily attributed to rising consumer awareness of the value of diets high in protein and to the high demand for meat and its products in developing nations like China and India. Rapid urbanisation, rising wages, and shifting consumer lifestyles are further factors driving market expansion in this area, which has led to a rise in the popularity of easy ready-to-cook meat products.

North America dominated the market. Rising consumer awareness of the dangers of consuming tainted meat products and an increase in the usage of meatless meat products are both credited with driving the market growth in this area. As demand for plant-based foods, particularly plant-based, increases, it is projected that consumer perceptions of food sustainability and safety will change even more. The market in Europe is predicted to experience the quickest growth rate over the course of the forecast period due to favourable customer perceptions of vegetarian and vegan meat products as well as the application of strict laws against animal cruelty. Strategic activities by leading manufacturers include product innovation, capacity expansion, and mergers and acquisitions.

Global Meat Based FPP Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Meat Based FPP Market was valued at USD 5.06 billion in 2019, and it is expected to reach a value of USD 17.50 billion in 2019, at a CAGR of 19.3% over the forecast period (2024-2031).

The small number of competitors in the market for plant-based is one of its defining features. Players in the market are concentrating on R&D efforts and portfolio diversification in order to introduce novel and unique alternative products that resemble the flavour and texture of exotic meats, such as lobster and veal. For the distribution of their faux goods, major market participants are distinguished by a strong sales channel with restaurants and retail chains all over the world. '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', 'VBites Foods Limited', 'Kraft Foods, Inc.', 'Lightlife Foods, Inc', 'Trader Joe's', 'Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)', 'Marlow Foods Ltd. (Cauldron)', 'Ojah B.V.', 'Moving Mountains', 'Eat JUST Inc.', 'LikeMeat GmbH', 'GoodDot', 'OmniFoods', 'No Evil Foods', 'Dr. Praeger's Sensible Foods'

The market is anticipated to be driven by rising consumer interest in plant-based diets and increased awareness of animal rights thanks to numerous welfare organisations. As more people adopt a vegetarian diet free of animal-based items, plant-based meat is increasingly a staple of the vegan diet.

The growing global population has resulted in a huge increase in the need for protein as a dietary component. Consuming high-protein food products is becoming more popular, and this trend is predicted to last for the foreseeable future. Consumers are becoming more conscious of how protein supports an active lifestyle. A diet high in protein can lower your risk of developing cardiovascular and diabetic illnesses.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Meat Based FPP Market Size, Share, Growth Analysis, By Type(hot dogs and sausages, nuggets), By Distribution channel(business-to-business (B2B) and business-to-consumer (B2C)), By Source(Pork, Beef & Veal) - Industry Forecast 2024-2031

Global Meat Based FPP Market Regional Insights

Global Meat Based FPP Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Meat Based FPP Market?

Who are the key vendors in the Global Meat Based FPP Market?

What is the key driver of Global Meat Based FPP Market?

What is the key market trend for Global Meat Based FPP Market?

Which region accounted for the largest share in Global Meat Based FPP Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300