Plant-Based Meat Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate by 2030 | Impacts of COVID-19

Growing consumer preference for the vegan diet owing to concerns about animal rights and environmental protection is likely to drive the market segment during the forecast period. Moreover, increasing consumers awareness about the benefits offered by a vegan diet is one of the major factors propelling the demand for plant-based meat products across the world. Additionally, government policies to improve the agricultural sector are likely to increase raw material availability and lower its prices, which will also have a positive impact on market growth.

The plant-based meat can be attributed to several factors such as growing preference for the vegan diet, increasing M&A activities in the plant-based alternatives sector and several government initiatives along with significant investments. Moreover, the growing awareness about the health benefits of plant-based meat substitutes is anticipated to further contribute to substantial market growth during the forecast period.

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Top Players are:

Some of the prominent players operating in the global plant-based meat market are Beyond Meat, Impossible Food Inc., Maple Leaf Foods, Archer Daniels Midland Company, The Vegetarian Butcher, Gardein (Conagra Brands, Inc.), MorningStar Farms (Kellogg NA Co.), Quorn, Amys Kitchen, Inc., and Tofurky, among others.

Growing Factor:

Several consumers perceive plant-based meat and its health benefits and prefer consuming it instead of animal meat. The rising awareness among consumers about the health benefits offered by plant-based meat is likely to propel the demand of plant-based meat products during the forecast period. Plant-based meat substitutes are prepared from mixtures of pea protein, soy protein, rice protein, bean protein, canola oil, coconut oil, and other ingredients including nuts, legumes, pulses, potato starch, apple extract, sunflower lecithin, and pomegranate powder. Each of these ingredients has its range nutrition benefits. Major companies also claim that their products have the same flavor, juiciness, and sizzle as animal meat - chicken, beef, fish, and pork, among others. For instance, Beyond Meat, a seller of burgers made from plant-based meat claims that their burgers have a meaty texture and juiciness similar to beef.

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Market Segmentation:

BY SOURCE

Soy
Wheat
Pea
Others

BY PRODUCT

Burger Patties
Sausages
Strips & Nuggets
Meatballs
Others

BY TYPE

Chicken
BEEF
Pork
Others

Regional Analysis:

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy and increasing awareness regarding health benefits are anticipated to present lucrative growth scenarios for the plant-based meat market in this region. Furthermore, a surge in the disposable income of people in countries such as India, China, and Japan, is anticipated to spur the consumption of plant-based meat over the forecast period.

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Table of Contents

1. INTRODUCTION
1. Market Definition
2. Market Ecosystem
1. Market Classification
2. Geographic Scope
3. Years Considered for the Study
1. Historical Years – 2016 & 2017
2. Base Year – 2018
3. Forecasted Years – 2019 to 2030
3. Currency Used for the Study
4. Report Beneficiary List

2. RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
1. Secondary Sources
2. Primary Sources
4. Market Estimation Methodology
1. Bottoms Up Approach
2. Top Down Approach
5. Data Validation and Triangulation
1. Market Forecasting Model
2. Limitations of the Study
3. Assumptions of the Study

3. ABSTRACT OF THE STUDY

4. MARKET DYNAMICS ASSESMENT
1. Overview
2. Drivers
3. Barriers/Challenges
4. Opportunities

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In the end, plant-based meat Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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