U.S. Plant Based Meat Market is growing at a CAGR of 25.1% in the forecast period (2024-2031)

The surge in meat-free eating, driven by a desire for both a satisfying culinary experience and nutritional benefits comparable to meat, is propelling the demand for plant-based alternatives in the U.S. market. Pioneering companies like Beyond Meat and Impossible Foods are at the forefront, developing products that convincingly emulate the taste and texture of traditional meat, thereby appealing to a broad consumer base. The Research report on U.S. Plant Based Meat Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis. US Plant Based Meat Market size was valued at USD 1.56 billion in 2022 and is poised to grow from USD 1.95 billion in 2023 to USD 11.71 billion by 2031, growing at a CAGR of 25.1% in the forecast period (2024-2031).

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This U.S. Plant Based Meat Market report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. Production and consumption patterns are being carefully compared to forecast the U.S. Plant Based Meat Market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. The U.S. Plant Based Meat Market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. To determine the growth of the U.S. Plant Based Meat Market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Market Segmentation:

The US Plant Based Meat market is segmented into five major segments i.e. by type, source, product, distribution channel, demographics, and region.

Based on Source, the market is solely grouped into Soy. Based on End-User, the market is segmented into Hotel/Restaurant/Café (HORECA), Fast-food Chains.
Based on Storage the market is segmented into frozen plant-based meat products, refrigerated plant-based meat.
Based on product, the market is segmented as, Burger patties, Strips & nuggets, Meatballs, Sausage, Ground meat.
Based on type the market is segmented as, Chicken, Pork, Beef, Fish.
Based on distribution channel the market is segmented as, Grocery stores, Convenience stores, Food & drink specialty stores, Online retail, and Restaurants.
Based on demographics the market is segmented into Gen Z, Millennials, Gen X, Baby boomers, Others, and Wheat.

U.S. Plant Based Meat Industry Top Player's Company Profile:

Beyond Meat
Impossible Foods Inc.
Maple Leaf Foods (Field Roast & Maple Leaf)
Conagra, Inc. (Gardein Protein International)
Kellogg NA Co. (MorningStar Farms)
Amy's Kitchen, Inc.
Tofurky
Kraft Foods, Inc.
Lightlife Foods, Inc
Trader Joe's
Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
Eat JUST Inc.
No Evil Foods
Morningstar Farms
Pinnacle Foods

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FAQs: -

1. What are the sales, production, consumption, imports, and exports of the market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the regional market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the U.S. Plant Based Meat industry.

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Objectives of the Study:

• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

Looking ahead, the U.S. Plant Based Meat Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The U.S. Plant Based Meat Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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Table of Contents

U.S. Plant Based Meat Market Research Report 2024-2031
Chapter 1 U.S. Plant Based Meat Market Overview
Chapter 2 Economic Impact on Industry
Chapter 3 Market Competition by Manufacturers
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 U.S. Plant Based Meat Market Forecast
…

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