Press release
Plant-Based Meat Market to See Overwhelming Growth by 2026| Impossible Foods Inc.; Gold&Green Foods Ltd.; VBites Foods Limited
Plant-Based Meat Market
Global plant-based meat market is expected to rise to an estimated value of USD 284.53 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing awareness regarding the benefits associated with consumption of these products over conventional meat.
Few of the leading organizations’ names are listed here- Impossible Foods Inc.; Gold&Green Foods Ltd.; VBites Foods Limited; Maple Leaf Foods; Beyond Meat.; Vegetarian Butcher; Conagra Brands, Inc.; Marlow Foods; KELLOGG NA CO.; Amy’s Kitchen, Inc.; Sunfed; Tofurky; Atlantic Natural Foods; Fry Family Food; Nutrisoy Pty Ltd; Nasoya Foods USA, LLC, a division of Pulmuone Foods USA, Inc.; Sweet Earth Foods; Hügli Holding AG; Schouten; LIGHTIFE FOODS, INC. and Taifun-Tofu GmbH.
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Succinct Description of the Market:
Plant-based meat is a category of food products that are sourced from vegan sources not utilizing any meat, but providing similar functionality and taste. These products provide similar nutritional value and the creation of these products involves the usage of only vegan, sustainable and environmental friendly ingredients. These products were designed to counter the significant consumption of meats having a drastic impact on the environment.
Market Drivers:
Significant rise in the levels of population adopting vegan products and solutions; this factor is expected to drive the growth of the market
Rising levels of investments and initiatives undertaken by the government to provide environmental-friendly, sustainable food products; this factor is expected to drive the growth of the market
Increased levels of innovations, investments and products provided by various food manufacturers; this factor is expected to drive the growth of the market
Market Restraints:
Certain groups of population allergic to gluten and soy which are used as source for these products is expected to restrain the growth of the market
Lack in the presence of products in the developing regions along with the costs associated with these products; this factor is expected to restrain the market growth
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In this study, the years considered to estimate the market size of Plant-Based Meat are as follows:
History Year: 2014-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
Crucial Market Segment details-:
By Source
Soy
Wheat
Pea
Mycoprotein
Others
By Type
Pork
Beef
Chicken
Fish
Tofu
Tempeh
Quorn
Mushroom
Seitan
RTC/RTE
Nattō
Others
By Product
Burger Patties
Sausages
Strips & Nuggets
Meatballs
Others
By Process
Grinding
Mixing
Blending
Forming/Shaping
Freezing Systems
Storage
By End-Use
Retail
Industrial
By Distribution Channel
Business-To-Business (B2B)
Business-To-Consumer (B2C)
Groceries
Supermarkets
Hypermarkets
Convenience Stores
Food & Drink Specialty Stores
Traditional Stores
Online Retail
Methodologies utilized to evaluate the market-:
In May 2019, Impossible Foods Inc. announced that they had accumulated USD 300 million from its latest funding round. This funding will enable them to meet the demand that they have failed to realize till now by extending their operating hours and enhancing their production capacity. Impossible Foods has raised more than $750 million, with help from investors like Bill Gates,Google Ventures and Serena Williams.
In December 2018, Unilever announced that they had acquired Vegetarian Butcher for the expansion of their offerings and products in the plant-based foods. This acquisition will further enable better capabilities of plant-based products which are in demand due to their environmental and health benefits. Currently, Unilever is selling nearly 700 products with V-label in Europe. In the Netherlands, these include products from Unox, Knorr, Hellmann’s, Conimex and Ben & Jerry’s brands.
Research strategies and tools used-:
This PLANT-BASED MEAT market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter’s Five Forces Analysis and PEST analysis.
Table of Contents
1 Plant-Based Meat Market Overview
2 Manufacturers Profiles
3 Global Plant-Based Meat Market Competitions, by Players
3.1 Global Plant-Based Meat Revenue and Share by Players
3.2 Market Concentration Rate
3.2.1 Top 5 Plant-Based Meat Players Market Share
3.2.2 Top 10 Plant-Based Meat Players Market Share
3.3 Market Competition Trend
4 Global Plant-Based Meat Market Size by Regions
5 North America Plant-Based Meat Revenue by Countries
6 Europe Plant-Based Meat Revenue by Countries
7 Asia-Pacific Plant-Based Meat Revenue by Countries
8 South America Plant-Based Meat Revenue by Countries
9 Middle East and Africa Revenue Plant-Based Meat by Countries
10 Global Plant-Based Meat Market Segment by Type
11 Global Plant-Based Meat Market Segment by Application
12 Global Plant-Based Meat Market Size Forecast (2019-2026)
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Conclusion:
This Plant-Based Meat research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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