Plant-Based Meat Market to Reach $38,273.9 Million by 2032, Expanding at a CAGR of 19.8%

𝐓𝐡𝐞 𝐩𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐦𝐞𝐚𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟕,𝟒𝟏𝟕.𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟗,𝟎𝟑𝟏.𝟖 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒 𝐭𝐨 𝐔𝐒𝐃 𝟑𝟖,𝟐𝟕𝟑.𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟗.𝟖% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
Plant based meat can be defined as meat made to appear and taste like meat derived from animals while being produced from plants. It emulates the texture of animal meat while being completely vegetarian. It is comparable to the nutrient content found in animal sources but is ethically produced as no animals were harmed in the process neither where animal based products used in the derivation of this protein source. Plant based meat serves as meat alternative for vegetarians and vegans who aim to consume protein without depending on animal sources.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/plant-based-meat-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:
• An increasing number of individuals globally have now shown their interest in being environmentally conscious as well as ensuring that animals are not slaughtered rampantly for human consumption. Vegan diet lacks protein, which was earlier only found in animal meat, but with the advent of plant based meat, can now be consumed in the form of soy protein.
• The flexitarian diet, which involves individuals not completely giving up on animal meat but also wanting to acquire a taste for plant based meat, has also resulted in the growth of this market. Social media usage has also spread the message among millennials and Gen Z to adopt a plant based diet due to the availability of documentaries and videos pertaining to rampant animal meat consumption.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:
• Impossible Foods Inc.
• Conagra Brands, Inc.
• Beyond Meat Inc.
• Kellanova
• Quorn Foods
• Amy's Kitchen Inc.
• Maple Leaf Foods Inc.
• Unilever
• Tofurky
• Sunfed

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/plant-based-meat-market/request-for-discount-pricing

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.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
• The plant based meat market is segmented mainly on source, the product type, distribution channel, and the region.
• Based on source the soy segment had the highest market share due its cholesterol free properties and high protein content compared to other plant sources.
• In the distribution channel segment, retail outlet held the highest revenue share. Plant based meat gets a higher shelf space in the retail outlet coupled with easy availability of the product.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Plant-Based Meat Market, Regional Outlook (Revenue - USD Million, 2019-2032)
• North America
o Source Outlook
 Soy
 Wheat
 Peas
 Other Sources
o Product Outlook
 Burger Patties
 Sausages
 Strips & Nuggets
 Meatballs
 Other Products
o Distribution Channel Outlook
 Retail Outlet
 Foodservice
 E-commerce

• Europe
o Source Outlook
 Soy
 Wheat
 Peas
 Other Sources
o Product Outlook
 Burger Patties
 Sausages
 Strips & Nuggets
 Meatballs
 Other Products
o Distribution Channel Outlook
 Retail Outlet
 Foodservice
 E-commerce

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/plant-based-meat-market/inquire-before-buying

𝐅𝐀𝐐'𝐬
 What are the key segments in the plant-based meat market?
The plant-based meat market report covering key segments are source, product, distribution channel, and region.

 How much is plant-based meat market worth?
Plant-based Meat Market Size Worth $ 38,273.9 Million by 2032.

 At what CAGR is the market predicted to grow during the forecast period (2023-2032)
The plant-based meat market exhibiting a CAGR of 19.8% during the forecast period.

 Which regions is leading the global market?
North America is leading the global market.

 What are the key driving factors in plant-based meat market?
The key driving factors in plant-based meat market are Growth in the number flexitarian, ethical, and health conscious consumer across the globe.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Beta-Glucan Market
https://www.polarismarketresearch.com/industry-analysis/beta-glucan-market

Lactoferrin Market
https://www.polarismarketresearch.com/industry-analysis/lactoferrin-market

Honey Wine Market
https://www.polarismarketresearch.com/industry-analysis/honey-wine-market

Polyol Sweeteners Market
https://www.polarismarketresearch.com/industry-analysis/polyol-sweeteners-market

Spices And Seasonings Market
https://www.polarismarketresearch.com/industry-analysis/spices-seasonings-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
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New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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This release was published on openPR.