Plant-based Meat Market Size, Outlook, Segmentation Analysis, Share, and Forecast 2032 | Pinnacle Foods Inc. (Conagra Brands, Inc.), Amy?s Kitchen, Inc., Atlantic Natural Foods, Inc.

The global plant-based meat market revenue was around US$ 6.3 billion in 2022 and is estimated to reach US$ 33.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 20.5% during the forecast period from 2023 to 2031.

The plant-based meat products are becoming incredibly popular as they are a possible option for animal-based meat products. The plant-based meat decreases the dependence on animal-based meat products and delivers numerous health benefits.

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Factors Influencing Market Growth

- The plant-based meat market is accumulating huge popularity because of the increasing trend towards veganism and increasing concerns over animal welfare.

- The high sodium content of plant-based meat can be dangerous to people suffering from diabetes, hypertension, and other health disorders. These factors are expected to restrain the growth of the plant-based meat market in the upcoming years.

- The rising health concerns over diabetes, obesity, cardiovascular diseases, and other diseases due to the high-fat content of animal-based meat products are expected to expand the demand for the plant-based meat market in the upcoming years.

Impact of COVID-19

The impact of the COVID-19 pandemic has positively influenced different industries and because of this, the beverage and food sector has experienced positive growth. This, in turn, pushed the demand for plant-based meat products globally and this is because plant-based meat products are widely consumed by health-conscious and vegan people.

Regional Analysis

In 2022, North America dominated the global plant-based meat market in terms of revenue. This growth is major because of the rising popularity of plant-based meat in the U.S. due to health, environmental, and ethical reasons.

Also, the Europe region is expected to stay as the fastest-growing sub-segment during the forecast period.

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Leading Companies

The leading prominent companies profiled in the global plant-based meat market are: -

- Pinnacle Foods Inc. (Conagra Brands, Inc.)
- Amy?s Kitchen, Inc.
- Atlantic Natural Foods, Inc.
- Lightlife Foods, Inc.
- Schouten Europe B.V.
- Sweet Earth, Inc.
- Impossible Foods Inc.
- The Kraft Heinz Company
- Hain Celestial
- Beyond Meat
- Pacific Foods of Oregon, LLC
- Monde Nissin
- Kellogg?s Company
- Fry Family Food
- Other Prominent key players

Segmentation Outline

The global plant-based meat market segmentation focuses on Product Type, Source, Distribution Channel, and Region.

Segmentation based on Product Type

- Tofu
- Tempeh
- Seitan
- Others

Segmentation based on Source

- Soy
- Pea
- Wheat
- Others

Segmentation based on Distribution Channel

- Indirect
- Direct

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Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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Analyze market outlook with recent trends and SWOT analysis.

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Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.

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Market value (millions of dollars) and volume (millions of units) data for each segment and sub-segment

Competitive scenario involving the market share of the main players, along with the new projects and strategies adopted by the players in recent years.

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