Plant-Based Meat Market worth USD 38,273.9 million by 2032, growing at a CAGR of 19.8% - Exclusive Report by PMR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

● The plant-based meat market size was valued at USD 7,417.1 million in 2023.
● The market is expected to expand at a CAGR of 19.8% from 2024 to 2032.
● The industry is expected to grow to USD 38,273.9 million by 2032.

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Meat substitutes are plant-based meat products that have characteristics similar to those of real meat. For the most part, plant-based meats provide consumers with a more environmentally friendly and sustainable range of meat alternatives when compared to meat products. To resemble, taste, and feel like meat products, they are manufactured from plants and other non-animal materials. The texture, flavor, and look of plant-based meats are intended to mimic those of meat products. Typically, lentils, tofu, yuba, tempeh, soybeans (and other legumes), wheat gluten, and a variety of nuts are the main components of plant-based meat alternatives.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/plant-based-meat-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

Consumers' greater ethical concern, particularly among millennials, and the global emergence of the flexitarian trend are helping to drive the growth of the plant-based meat sector. A 'flexitarian' client is someone who eats meat and dairy but wants to minimize their intake for health, environmental, and ethical reasons.

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

The plant-based meat market is anticipated to be competitive and fragmented due to the existence of numerous firms. Some of the major players participating in the market are:

• Impossible Foods Inc.
• Conagra Brands, Inc.
• Beyond Meat Inc.
• Kellanova
• Quorn Foods
• Amy's Kitchen Inc.
• Maple Leaf Foods Inc.
• Unilever
• Tofurky
• Sunfed
• VBites Foods Limited
• Eat JUST
• Gold & Green Foods Ltd.
• Kellogg
• Greenwise
• Boca Foods Company (Kraft Foods, Inc.)
• NOVAMEAT
• OmniPork
• Zikooin
• v2food Pty Ltd

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭
https://www.polarismarketresearch.com/buy/465/2

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea, Australia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The plant-based meat market is primarily segmented based on source, product, distribution channel, and region. In terms of source type, soybeans maintained the biggest market share in 2023. The soy market segment is predicted to experience the greatest growth rate over the forecast period. Furthermore, based on the distribution channel study, the retail outlet segment is predicted to have the fastest CAGR during the forecast period. Companies are signing deals with retail chains to improve sales by gaining access to the latter's distribution network.

𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞:
• Soy
• Wheat
• Peas
• Other Sources

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:
• Retail Outlet
• Foodservice
• E-commerce

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/plant-based-meat-market

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
• In 2023, the soy segment accounted for the largest market share in the plant-based meat market. As consumers become more health-conscious and informed about the potential risks associated with excessive meat consumption, there is a growing demand for nutritious and wholesome plant-based alternatives. Soy-based plant-based meats, enriched with protein and devoid of cholesterol, appeal to health-conscious consumers seeking to adopt a balanced diet without compromising on taste or texture.
• The retail outlet segment is expected to grow at the fastest CAGR during the forecast period. Additionally, a retail outlet focused exclusively on plant-based meats can serve as a hub for community engagement, education, and culinary exploration.
• In 2023, North America dominated the largest market. The factors such as the proliferation of e-commerce, the rising began population, and the trend towards consuming healthy food is expected to drive the growth of the plant-based meat market over the forecast period.
• Asia Pacific is expected to grow at the fastest CAGR in plant-based meat market. The increased use of the high-tech method of production as well as product innovation is significantly contributing to the growth of the market.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Pea Starch Market
https://www.polarismarketresearch.com/industry-analysis/pea-starch-market
Omega 3 Supplements Market
https://www.polarismarketresearch.com/industry-analysis/omega-3-supplement-market
Customized Premixes Market
https://www.polarismarketresearch.com/industry-analysis/customized-premixes-market
Sourdough Market
https://www.polarismarketresearch.com/industry-analysis/sourdough-market
Specialty Yeast Market
https://www.polarismarketresearch.com/industry-analysis/specialty-yeast-market

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This release was published on openPR.