Plant-Based Meat Market Forecast and Trends 2023-2029

In the evolving landscape of food choices, the Global Plant-Based Meat Market emerges as a delectable option, enticing taste buds and aligning with conscientious consumer values. Valued at a substantial $5.58 billion in 2022, this market is projected to experience a mouthwatering surge, reaching a tantalizing $13.95 billion by 2029, boasting a scrumptious CAGR of 13.98%.

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A Symphony of Tastes: Plant-Based Meat Market Dynamics

The orchestra of consumer food choices is led by the sweet notes of taste, and the global population surge towards an estimated xx billion by 2029 is expected to amplify the demand for plant-based meat by a staggering 70%. The rise in Veganuary awareness and the expansion of retailer shelf spaces for innovative plant-based products are key ingredients propelling market growth.

Restaurants, casual dining venues, and fast-food chains are now crafting meat-free sections in their menus, adding a savory melody to the global plant-based meat market. As consumer values shift towards healthier choices, the stage is set for plant-based meat to shine, offering guilt-free indulgence in burgers and nuggets.

Governments worldwide are joining the symphony, investing in the plant protein industry. For instance, the Canadian government's $150 million injection and the German government's $78 million research funding to enhance plant-based alternatives underscore the global support for this flavorful trend. Despite taste improvements, core meat-eaters still find regular consumption a challenge.

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Plant-based Meat Market Segment Analysis

The report includes a thorough analysis of major players, including market leaders, followers, and recent entrants by region, covering every facet of the industry. The report presents PORTER, SVOR, and PESTEL analysis along with the possible effects of micro-economic factors on the market by region. The analysis of both internal and external factors that are expected to have a positive or negative impact on the business will provide decision-makers with a clear picture of the industry's future.

by Source

Soy
Wheat
Pea
Others (Quinoa, oats, beans, nuts, and seeds)
by Type

Pork
Beef
Chicken
Fish
Others (Lamb and turkey)
by Product

Burger patties
Sausages
Strips & nuggets
Meatballs
Other
by Process

Grinding
Mixing
Blending
Forming/Shaping
Freezing Systems
Storage

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Plant-based Meat Market Key Players?

1. Beyond Meat
2. Impossible Food Inc.
3. Maple Leaf Foods
4. The Vegetarian Butcher
5. Amy's Kitchen
6.Tofurky
7. Gold&Green Foods Ltd.
8. Sunfed
9. VBites Foods Limited
10. Gardein Protein International
11. Morningstar Farms
12. Quorn Foods
13. Conagra, Inc.
14. Kellogg NA Co.
15. S Kraft Foods, Inc.
16. Lightlife Foods, Inc.
17. Trader Joe's
18. Yves Veggie Cuisine
19. Marlow Foods Ltd.

Table of content for the Plant-based Meat Market includes:

Part 01: Executive Summary

Part 02: Scope of the Plant-based Meat Market Report

Part 03: Plant-based Meat Market Landscape

Part 04: Plant-based Meat Market Sizing

Part 05: Plant-based Meat Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Taste of Regions: Plant-Based Meat Market Regional Analysis

In the gastronomic journey of the plant-based meat market, North America holds the lion's share, maintaining its dominance in the market from 2023 to 2029. Rising health consciousness, environmental concerns related to meat production, and a surge in innovative product launches contribute to North America's flavorful market presence.

The UK, a rising star in the European plant-based meat market, is projected to grow at an impressive CAGR during the forecast period. Accounting for 40% of the European plant-based meat market, the UK's growth is fueled by ethical consumerism, led by millennials and the rise of the flexitarian lifestyle.

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