Plant-based Meat Market is projected to reach USD 18.96 Billion by 2030 : Cognitive Market Research

Market Overview:
- Plant-based meats are products that perfectly mimic animal meats in texture as well as taste. Various protein sources, such as tofu, legumes, seitan, lentils, and soybeans are used to make plant-based meats. Moreover, it tends to be lower in saturated fat and calories, with high fibrous value.

Summary:
- As per Cognitive Market Research, Global Plant-based Meat market size was $5.23 Billion in 2022 and it is forecasted to reach $18.96 Billion by 2030. Plant-based Meat Industry's Compound Annual Growth Rate will be 20.18% from 2023 to 2030.

"To know more about The Plant-based Meat Market statistics click here: https://www.cognitivemarketresearch.com/plant-based-meat-market-report

Market Dynamics:
• Rising investment in plant-based food
Consumers have increased the adoption of the plant-based diet owing to various factors, such as improved overall health awareness, weight management, a desire to eat cleanly, and a desire to eat more sustainable food. This high inclination is majorly bolstered by social media awareness. Hence, plant-based meat has started hitting that sweet spot in food industry competing with animal-based meat products. Though the sale of plant-based meat in the U.S. accounts for less than 1% of the overall meat market, however, it is growing exponentially at a significant growth rate.
• Current Trends on Plant-based Meat
Pandemic Impacts:
The COVID-19 pandemic has severely impacted meat production, supply chain, and their prices. This has resulted in severe socio-economic crisis worldwide. Initially, low production and high demand for meat caused panic buying and has increased meat products' prices. Later the meat market saw a significant decline in both production and demand due to lockdown restrictions and lower purchasing power of the consumers. Disruption in supply chain worsen the situation within meat market as meat producers and processors faced difficulty in harvesting and shipment of the products due to lockdown situations, decrease in labor force, restrictions in the movement of animals within and across the country and change in legislation of local and international export market.

Market Segmentation:
Type:
• Pork
• Beef
• Chicken
• Fish
• Tofu
• Tempeh
• Quorn
• Mushroom
• Seitan
• RTC/RTE
• Natto
• Others

Process:
• Grinding
• Mixing
• Blending
• Forming/Shaping
• Freezing Systems
• Storage

Product Type:
• Patties
• Nuggets
• Sticks
• Sausages
• Meatballs

Source:
• Soy
• Tofu
• Pea & Lentils
• Potato
• Wheat
• Others

End User:
• Households
• Food Industry
• HoReCA

Distribution Channel:
• Supermarket
• Convenience Stores
• E-commerce
• Others

The Major Players in Plant-based Meat Market are: Pinnacle Foods, Turtle Island Foods , Nutrisoy, Amy's Kitchen, Atlantic Natural Foods, Impossible Foods, The Hain Celestial Group, Beyond Meat, Pacific Foods of Oregon, Monde Nissin Corporation, Kellogg Company, Fry Group Foods, Nasoya Foods, Hgli Holding, Sweet Earth, VBites Food, Lightlife Foods, The Kraft Heinz Company, Schouten Europe, Taifun-Tofu, Kellogg's

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Regional Analysis:
- The North America Plant-based Meat Market dominates overall plant-based meat market owing to the presence of major manufacturers in countries like U.S., and Canada. Further, people of these countries are more inclining towards healthy eating habits, along with consumption of sustainable products. In year 2018, U.S. consumers bought 157 million units of plant-based meats which allowed industry to grow exponentially.

News:
• December 2022, ICL Food Specialties and Protera Biosciences has entered into a partnership on AI-discovered plant-based ingredients:
ICL Food Specialties has joined forces with artificial intelligence-driven food tech company Protera Biosciences to develop new protein ingredients for food manufacturers. The company has done a $1 million investment in Protera.
• October 2022, Plant-based meat brand, Beyond Meat has expanded their business in India through Allana Consumer Products:
Beyond Meat has entered Indian plant-based meat market through partnership with Allana Consumer Products who will distribute Beyond burgers, sausages, meatballs, and mince across the country.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Plant-based Meat Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Plant-based Meat Market Segmentation
1.5.1 Plant-based Meat Market Regional Fragmentation
1.5.1 Plant-based Meat Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Plant-based Meat Market
Chapter 4 Global Plant-based Meat Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Plant-based Meat Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Plant-based Meat Market by Process Segmentation Analysis (2018-2030)
Chapter 11 Global Plant-based Meat Market by Product Type Segmentation Analysis (2018-2030)
Chapter 12 Global Plant-based Meat Market by Source Segmentation Analysis (2018-2030)
Chapter 13 Global Plant-based Meat Market by End User Segmentation Analysis (2018-2030)
Chapter 14 Global Plant-based Meat Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 15 Global Plant-based Meat Market Regional Analysis
Chapter 16 North America Plant-based Meat Market Outlook (2018 - 2030)
Chapter 17 Europe Plant-based Meat Market Outlook (2018 - 2030)
Chapter 18 Asia Pacific Plant-based Meat Market Outlook (2018 - 2030)
Chapter 19 Latin America Plant-based Meat Market Outlook (2018 - 2030)
Chapter 20 Middle East and Africa Plant-based Meat Market Outlook (2018 - 2030)
Chapter 21 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about Plant-based Meat Market TOC click here: https://www.cognitivemarketresearch.com/plant-based-meat-market-report#table_of_contents

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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