Plant-Based Meat Market Analysis and Forecast for Next 5 Years

A new research document with title 'Plant-Based Meat Market: Current Analysis and Forecast (2021-2027)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, India, Australia, Singapore, Rest of APAC), and Rest of World and important players/vendors such as Beyond Meat, Impossible Foods Inc., Maple Leaf Foods, Tofurky, Alpha Foods, The Vegetarian Butcher, Quorn Foods, Morningstar Farms, Amy’s Kitchen, Hooray Foods, etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2021-2027.

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Recognizing the growth potential of pea protein, Cargill formed a joint venture with U.S. leading pea protein manufacturer PURIS in 2018 and invested US$75 million in PURIS, allowing the company to double its pea protein production. In 2019 both Impossible Foods and Beyond Meat launched new iterations of their original burgers. In addition, Nestlé-owned Sweet Earth Foods introduced the Awesome Burger made with yellow pea protein and Awesome Grounds, which is a plant-based replacement for ground beef. In the same year, Nestlé announced that it would use Awesome Grounds in meatless versions of its DiGiorno pizza and Stouffer’s lasagna. Furthermore, Conagra bolstered its plant-based presence when it acquired the Gardein brand, which includes a wide array of faux chicken, beef, fish, turkey, and pork products, in 2018. Ingredion also reports upping its plant protein production capacity. In 2018 the company purchased a processing facility to produce pulse-based protein isolates and forged a joint venture with a Canadian company that produces pulse-based protein concentrates and flours from peas.

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Based on source, the Plant-based Meat Market is segmented into Soy, Wheat, Pea, Other Sources. Currently Soy source is majorly used to produce plant-based meat and meat alternative. Protein rich content and popularity is accelerating the demand for soy-based meat or meat alternative. Owing to Covid-19 demand for animal sourced food has seen a decline, as Covid-19 is considered as animal origin
Based on product the Plant-based Meat Market is divided into Burger patties, Strips & nuggets, Sausages, Meatballs, Other Products. In 2020, Burger patties segment dominated the market and is expected to maintain its dominance throughout the forecast period. Plant-based meat burger patties have low-fat and gluten content. Shifting consumer preferences and increasing demand for burger patties from retail channels owing to convenience, taste, and texture are expected to drive the growth of the segment
Based on type, the market is bifurcated into Beef, Chicken, Pork, Other (Seafood). In 2020, plant-based chicken dominated the market followed by plant-based beef.

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1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Plant-based Meat Market
2.2. Research Methodology of the Plant-based Meat Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the

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