Plant-Based Meat Market Expected to Surge at 20.5% CAGR | Pinnacle Foods Inc., Amy's Kitchen, Inc.

According to a new report published by Allied Market Research, titled, "Plant-based Meat Market," The plant-based meat market was valued at $5.3 billion in 2021, and is estimated to reach $33.3 billion by 2031, growing at a CAGR of 20.5% from 2022 to 2031.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/10909

Rising Popularity of Plant-Based Alternatives

Plant-based meat products are becoming extremely popular as viable alternatives to animal-based meat products. These alternatives not only reduce the dependence on animal agriculture but also provide numerous health benefits, thereby attracting a growing number of health-conscious consumers.

Health Benefits Drive Market Demand

The consumption of plant-based meat products is associated with various health benefits, including lower risks of heart disease, diabetes, and obesity. For instance, plant-based meats such as tofu and tempeh are rich in essential nutrients like proteins, iron, zinc, fiber, and vitamin B12.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-for-customization/10909

Boosting Market Demand through Health Benefits

Several health benefits associated with plant-based meat consumption are estimated to boost market demand. For example, high fiber content in plant-based meats like beans helps prevent constipation and maintain gut health. Additionally, potassium chloride used in these products improves muscle contraction and nerve functions, promoting a healthy heart rate.

Lower Blood Sugar Levels and Improved Sleep Quality

Adopting a vegan lifestyle and consuming plant-based meat can lower blood sugar levels due to the high fiber content, which slows sugar absorption into the bloodstream. These foods also enhance sleep quality, contributing to higher productivity and energy levels.

Mimicking Traditional Meat Characteristics

Plant-based meat products are designed to imitate the flavor, texture, color, and sensory properties of animal-based meat products. Popular alternatives such as nuts, beans, legumes, grains, and vegetables are not only healthy but also low in calories and sodium, which is beneficial for heart health.

Market Segmentation

The global plant-based meat market is segmented based on product type, source, distribution channel, and region:

Product Type: Tofu, tempeh, seitan, and others.

Source: Soy, pea, wheat, and others.

Distribution Channel: Indirect and direct.

Region: North America, Europe, Asia-Pacific, and LAMEA.

Customized Report Available: https://www.alliedmarketresearch.com/request-for-customization/10909

Comprehensive Market Analysis

The report offers a thorough analysis of the global plant-based meat market trends, including major segments, market dynamics, regional outlook, investment opportunities, and top players. It highlights the current market scenario, opportunities, and upcoming trends contributing to market growth.

Challenges and Competitive Landscape

The report also addresses potential challenges and market restraints, providing a comprehensive view with Porter's five forces analysis. This analysis covers competitive landscape, bargaining power of buyers and suppliers, threats of new entrants, and the emergence of substitutes in the market.

Top Players in Plant Based Meat Market:

• 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

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/51396aaf48c63672020a5025f834fc56

Key Findings of the Study

• Based on product type, the tempeh sub-segment emerged as the global leader in 2021 and the seitan sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.

• Based on source, the soy source sub-segment emerged as the global leader in 2021 and the pea sub-segment is predicted to show the fastest growth in the upcoming years.

• Based on distribution channel, the indirect sub-segment registered the highest market share in 2021 and is projected to maintain the position during the forecast period. 

• Based on region, the North America market registered the highest market share in 2021 and the Europe region is estimated to show the fastest growth during the projected timeframe.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Yeast Ingredients Market- https://www.alliedmarketresearch.com/yeast-ingredients-market-A323211

Pork Flavors Market- https://www.alliedmarketresearch.com/pork-flavors-market-A315815

Citrus Fiber Market- https://www.alliedmarketresearch.com/citrus-fiber-market-A06860

Rice Starch Market- https://www.alliedmarketresearch.com/rice-starch-market-A15106

Macadamia Market-https://www.alliedmarketresearch.com/macadamia-market-A14298

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.