The plant-based meat market has been experiencing significant growth in recent years as consumers become more health-conscious and environmentally aware. Plant-based meat products are made from alternative protein sources such as soy, wheat, and peas and are designed to mimic the taste, texture, and appearance of traditional meat products.
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The primary driver of the plant-based meat market is the growing demand for sustainable and healthy food options. The production of traditional meat products is resource-intensive, and meat consumption is associated with several health risks such as heart disease and cancer. Plant-based meat products provide a more sustainable and healthier alternative to traditional meat products. Additionally, the increasing number of consumers adopting a plant-based diet and the rise of flexitarianism, where individuals reduce their meat consumption, have contributed to the growth of the plant-based meat market.
Moreover, the development of new and innovative plant-based meat products has also driven the market’s growth. Advances in food technology have enabled manufacturers to create plant-based meat products that closely resemble the taste, texture, and appearance of traditional meat products, making them more appealing to consumers. Despite the growth of the plant-based meat market, the market is restrained by several factors, including the high cost of production, regulatory challenges, and competition from traditional meat products.
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The production of plant-based meat products requires specialized equipment and processes, making them more expensive to produce than traditional meat products. This higher cost is reflected in the price of plant-based meat products, which may deter some consumers from purchasing them. Furthermore, regulatory challenges such as labeling and marketing restrictions pose a challenge for manufacturers of plant-based meat products. The use of terms such as “meat” and “beef” to describe plant-based meat products has been the subject of legal disputes in several countries.
Lastly, traditional meat products remain a dominant force in the food industry, with well-established supply chains and distribution networks. The competition from traditional meat products can make it challenging for plant-based meat products to gain market share.
Major Market Players Profiled in the Plant-Based Meat Market Report include:
Alpha Foods, Amy’s Kitchen, Inc., Before The Butcher, Beyond Meat, Conagra, Inc., Gold&Green Foods Ltd., Hooray Foods, Impossible Foods Inc., Kellogg NA Co., Like Meat, Maple Leaf Foods, Marlow Foods Ltd., Nestlé , No Evil Foods, Planterra Foods , Sunfed, The Meatless Farm Co., Tofurky , Unilever, Vbites Foods Limited, amongst others.
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Our 420+ Pages Report titled, Plant-Based Meat Market will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
- Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2030)
- (Historic Years: 2015 – 2020
- Base Year: 2021
- Forecast Years: 2022 – 2030)
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19 on Global Plant-Based Meat Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Regulatory Landscape
- PESTEL Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- (Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives)
- Market Share Analysis, 2021
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
- Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
- The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Global Plant-Based Meat Market:
- Soy and Tofu
- Beans and Lentils
- Mung Beans
- Wheat Gluten
- Coconut Oil
By Meat Type
- Plant-based Pork
- Plant-based Beef
- Plant-based Seafood
- Plant-based Chicken
- Ready to Eat
By Sales Channel
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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