Plant-based Meat Market to Reach USD 16.45 Billion by 2030, Growing at 15.17% CAGR

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The global plant-based meat market is experiencing remarkable growth, driven by increasing consumer demand for sustainable and healthy food alternatives. Valued at USD 6.12 Bn in 2023, the market is projected to grow at a CAGR of 15.17% from 2024 to 2030, reaching USD 16.45 Bn by the end of the forecast period. This press release delves into market opportunities, trends, mergers and acquisitions, and recent developments across key regions, including Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/52808/

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦:

Vietnam's plant-based meat market is expanding due to growing awareness of healthy eating and sustainable practices. Local players like 𝐕𝐈𝐒𝐒𝐀𝐍 are collaborating with global brands to introduce plant-based meat products tailored to Vietnamese tastes, fostering market growth.

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝:

Thailand's market for plant-based meat is flourishing as alternative protein consumption rises. The country's emphasis on culinary tourism has spurred innovation in meat alternatives. 𝐂𝐏 𝐅𝐨𝐨𝐝𝐬 has partnered with international companies to develop a range of plant-based products for both domestic and export markets.

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧:

Japan leads in technological innovations in the plant-based meat sector. Companies like 𝐍𝐢𝐬𝐬𝐢𝐧 𝐅𝐨𝐨𝐝𝐬 and 𝐎𝐭𝐬𝐮𝐤𝐚 𝐅𝐨𝐨𝐝𝐬 are utilizing advanced food processing technologies to create high-quality meat substitutes. Rising health consciousness and the influence of Western food trends are driving demand in Japan.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐯𝐢𝐚 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/request-sample/52808/

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚:

South Korea's plant-based meat market is growing through consolidation in the food technology sector. Companies like 𝐏𝐮𝐥𝐦𝐮𝐨𝐧𝐞 and 𝐂𝐉 𝐂𝐡𝐞𝐢𝐥𝐉𝐞𝐝𝐚𝐧𝐠 are investing in research and development to enhance plant-based meat's taste and texture. Recent mergers and acquisitions have strengthened the market's global competitiveness.

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞:

Singapore's position as a hub for food innovation is boosting its plant-based meat market. Companies like 𝐆𝐫𝐨𝐰𝐭𝐡𝐰𝐞𝐥𝐥 𝐅𝐨𝐨𝐝𝐬 and 𝐒𝐡𝐢𝐨𝐤 𝐌𝐞𝐚𝐭𝐬 are pioneering sustainable food solutions. Government initiatives promoting alternative proteins have created a favorable environment for market expansion.

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬:

The United States remains a leader in the global plant-based meat market, driven by increasing demand in retail and foodservice channels. Companies like 𝐁𝐞𝐲𝐨𝐧𝐝 𝐌𝐞𝐚𝐭 and 𝐈𝐦𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 𝐅𝐨𝐨𝐝𝐬 are introducing innovative products to cater to a diverse consumer base.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/52808/

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞:

Europe's focus on sustainability is fueling the plant-based meat market. Countries like Germany and the Netherlands are at the forefront of adopting meat alternatives. Companies such as 𝐔𝐧𝐢𝐥𝐞𝐯𝐞𝐫 and 𝐍𝐞𝐬𝐭𝐥é are investing in expanding their plant-based product portfolios. EU regulations supporting sustainable food production have accelerated market developments.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Burger Patties
Sausages
Ground Meat
Nuggets
Meatballs
Others (such as deli slices, strips, and crumbles)

𝐛𝐲 𝐒𝐨𝐮𝐫𝐜𝐞

Soy-based
Wheat-based
Pea-based
Others

Beyond its protein level, soy has a number of other nutritional benefits. It has significant concentrations of vital minerals including potassium and magnesium. While potassium is essential for preserving ideal heart and muscle function as well as controlling blood pressure, magnesium supports a number of body processes, such as muscle activity and energy production. The soy category is expected to continue to dominate the market during the forecast period. Well known for its remarkable nutritional qualities, soy is an essential source of plant-based protein and fiber, making it a vital component in the production of meat substitutes.

𝐛𝐲 𝐓𝐲𝐩𝐞

Pork Beef
Chicken
Fish
Others (Lamb and turkey)

With a sizeable portion of the global market for plant-based meat in 2022, the plant-based chicken segment has become a market leader. Because of its high protein content, chicken has long been a staple in a variety of meat products, including cutlets, patties, and nuggets. Products made from plant-based chicken have similar amounts of protein but differ in other nutrients.Vegetarian bacon, sometimes referred to as vacon or veggie bacon, is promoted as a plant-based substitute for pork products. These goods, which are made from soy and pea protein, are low in fat, cholesterol, and high in fiber and protein.

𝐛𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫

Households
Food Industry
Hotels and Restaurants
Others

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Others

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/global-plant-based-meat-market/52808/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
1. Beyond Meat (USA)
2. Impossible Food Inc. (USA)
3. Maple Leaf Foods (Canada)
4. Amy's Kitchen (USA)
5. Tofurky (USA)
6. Gardein Protein International (Canada)
7. Morningstar Farms (USA)
8. Conagra, Inc. (USA)
9. Kellogg NA Co. (USA)
10. Kraft Foods, Inc. (USA)
11. Lightlife Foods, Inc. (USA)
12. Trader Joe's (USA)
13. Yves Veggie Cuisine (Canada)

𝐄𝐮𝐫𝐨𝐩𝐞
14. Gold&Green Foods Ltd. (Finland)
15. The Vegetarian Butcher (Netherlands)
16. Sunfed (New Zealand)
17. VBites Foods Limited (UK)
18. Quorn Foods (UK)
19. Marlow Foods Ltd. (UK)
20. Others

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