Plant-based Chicken Market Size, Share, Growth, Analysis, Trends and Outlook 2023-2030

Global Plant-Based Chicken Market reached USD 4.5 billion in 2022 and is expected to reach USD 8.3 billion by 2030 growing with a CAGR of 8.1% during the forecast period 2023-2030.

Demand for meat-free chicken and the growing vegan population are pushing the worldwide plant-based chicken industry.
Consumer food tastes are changing. People are eating more plants due to health concerns and animal welfare awareness. With increased health and ethical concerns, veganism is booming, fueling the plant-based chicken business. Protein alternatives like pea-protein and soy-based chicken are becoming popular.
The plant-based chicken contained less cholesterol, calories, and fat. The industry is growing as consumers learn about plant-based chicken's nutritional advantages. Sustainable and eco-friendly packaging in plant-based chicken to extend shelf life enhances market growth.

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Market Drivers:

Increasing Product Launches Drive the Plant-Based Chicken Market Growth.

Growing availability and innovative products are propelling the worldwide plant-based chicken industry. Research and development are ongoing to enhance product flavor and texture. Plant-based chicken is available in most online and offline retailers, and distribution methods are improving, fueling market expansion.
Key industry companies have introduced new and innovative meat replacement products due to customer uptake. TiNDLE, a Singaporean food tech firm, launched plant-based chicken products in Germany with EDEKA Group, the biggest retailer, in January 2023.

Market Segmentation:

In the Plant-Based Chicken Market, the Burger Patty Segment Holds the Largest Market Share.

The burger patties segment held the largest plant-based chicken market share of 28.8% in 2022 in the plant-based chicken market analysis report. The rising demand for the burger patty segment due to its taste is driving the segment's growth.

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Plant-based Chicken Market Companies:

The major global players in the market include Ingredion Inc., Atlantic Natural Foods LLC, Beyond Meat Inc., Impossible Foods, Inc., CHS INC, Puris Proteins LLC, Tyson Foods Inc, Gardein, Puris Proteins, and Kellogg Company.

By Source

• Flaxseed-Based Protein
• Lentil-Based Protein
• Fava-Based Protein
• Pea-Based Protein
• Canola-Based Protein
• Soy-Based Protein
• Chia-Based Protein
• Others

By Product Type

• Shreds
• Deli Slices
• Cutlets
• Hot Dogs
• Nuggets
• Sausages
• Burger Patties
• Others

By Distribution Channel

• Retail Stores
• Supermarkets
• Convenience Stores
• Specialty Stores
• Online Retail

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share:

North America Held the Largest Share of the Global Plant-Based Chicken Market.
The North American plant-based chicken market held the largest market share of 38.6% in 2022 in the plant-based chicken market analysis. The increasing vegan trend in this region is driving the largest share of the region's plant-based chicken market.

Recent Developments

• In July 2023, Beyond Meat, a leader in plant-based meat, announced the expansion of its range in Germany. They announced the introduction of two plant-based chicken-style products, including nuggets and tenders.
• In January 2023, TiNDLE, a Singaporean food tech company, collaborated with EDEKA Group, the largest retailer, to launch a line of new plant-based chicken products in Germany.

Related Reports:

Plant-Based Fish Market- https://www.datamintelligence.com/research-report/plant-based-fish-market

Plant-Based Sea Food Market- https://www.datamintelligence.com/research-report/plant-based-sea-food-market

Soy Protein Market- https://www.datamintelligence.com/research-report/soy-protein-market

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