Global Plant-Based Meat Market

Plant-Based Meat Market Size, Share, Growth Analysis, By Type(Beef, Chicken, Pork, Fish), By Products(Burger patties, Strips & nuggets, Sausages, Meatballs), By Distribution Channel(Food retail, Food services, E-commerce), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2310 | Region: Global | Published Date: June, 2024
Pages: 198 | Tables: 62 | Figures: 75

Plant-Based Meat Market Regional Insights

North America dominated the global plant-based meat market, accounting for the largest share of the market revenue in 2021. This growth is attributed to the increasing consumer awareness of the risks associated with consuming contaminated meat products, along with the growing consumption of meatless meat products. Consumers in this region are increasingly concerned about the sustainability and safety of their food, which is driving the adoption of plant-based meat products.

In Europe, the market is expected to witness the fastest growth rate due to the positive consumer outlook towards vegetarian and vegan-meat products. Stringent regulations against animal cruelty and a growing awareness of the environmental impact of animal agriculture are further fueling the demand for plant-based meat products in this region. Leading manufacturers in the market are implementing strategic initiatives such as capacity expansion, product innovation, and mergers & acquisitions to increase their sales and gain a competitive edge in the regional market.

$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

Global Plant-Based Meat Market size was valued at around USD 4.39 billion in 2022 and is expected to rise from USD 5.48 billion in 2023 to reach a value of USD 32.47 billion by 2031, at a CAGR of 24.9% over the forecast period (2024–2031).

Global Plant-Based Meat Market is becoming increasingly competitive as more companies enter the space and existing players expand their offerings. The market is expected to grow significantly in the coming years, driven by factors such as increasing health and environmental awareness, changing dietary preferences, and the rise of flexitarianism. These are just some of the many companies competing in the global plant-based meat market, and the competition is expected to continue to intensify as the market grows. Factors such as product innovation, pricing, distribution, and marketing strategies will play a crucial role in determining which companies emerge as leaders in this space. 'Beyond Meat (US)', 'Impossible Foods (US)', 'Nestle (Switzerland)', 'Tyson Foods (US)', 'Kellogg Company (US)', 'Maple Leaf Foods (Canada)', 'Conagra Brands (US)', 'The Vegetarian Butcher (Netherlands)', 'Quorn Foods (UK)', 'Tofurky (US)', 'Gardein (Canada)', 'Before the Butcher (US)', 'Lightlife Foods (US)', 'Alpha Foods (US)', 'Vivera (Netherlands)', 'The Meatless Farm Co (UK)', 'Ojah BV (Netherlands)', 'Hain Celestial Group (US)', 'Sunfed (New Zealand)', 'Sweet Earth Foods (US)'

The increasing awareness about the adverse effects of consuming meat on human health and the environment is driving the demand for plant-based meat products. Plant-based meat products are perceived as healthier and more sustainable alternatives to animal meat, which is driving their adoption among health-conscious and environmentally-aware consumers.

Product innovation and development: Plant-based meat manufacturers are investing heavily in research and development to create innovative products that replicate the taste, texture, and nutritional profile of traditional meat products. This trend is driving the development of new plant-based meat products that offer a more realistic meat-like experience for consumers.

North America dominated the global plant-based meat market, accounting for the largest share of the market revenue in 2021. This growth is attributed to the increasing consumer awareness of the risks associated with consuming contaminated meat products, along with the growing consumption of meatless meat products. Consumers in this region are increasingly concerned about the sustainability and safety of their food, which is driving the adoption of plant-based meat products.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Plant-Based Meat Market

Report ID: SQMIG30I2310

$5,300
BUY NOW GET FREE SAMPLE